Blue Lagoon transforms to Producer

Mining Alkaline Gold deposit to drive Cash Flow -- Update on prospective finances

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BlueLagoon Resources announced 06Feb2025 it has won a permit to resume mining at its 100% owned Dome Mountain Gold Project with initial production permitted to 55,000 tonnes per year with expected gold production of 15,000 ounces per year.

This is remarkable due Blue Lagoon becoming one of the few newly permitted mines in Canada in the last decade. Mining is scheduled to commence in July 2025.

Also notable is the imminent transformation of Blue Lagoon Resources, from a cash burning explorer into a near term gold and silver producer, with growing cash flow.

Blue Lagoon also benefits from the operating leverage they possess due to past infrastructure investments and sunk costs. $30 Million spent was spent last 14 years on permitting, mine development and infrastructure, and $10 M + in exploration and drilling (2020/21). Plus, previous operators spent an additional $40 Million on mine development plus exploration (Noranda, Timmins).

Resourceful Insights’ initially covered BlueLagoon 6Feb’25 @ closing price US$0.12 - and Boom as of 7Feb @ $US 0.187 => +55%. Pays to be on top of these miners…

But, this is about far more than restarting the modest Dome Mountain mine…

Blue Lagoon’s gold deposit is actually quite distinct – its from the family of Alkalai gold deposits that tend to be deep and richly endowed.