Blue Lagoon Resources CEO Rana Vig (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF)
228Blue Lagoon Resources CEO Rana Vig (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) - NOVEMBER 17, 2020 - RICH TV LIVE - #bluelagoonresources #ranavig #richtvlive
Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) is pleased to provide the following update on its Dome Mountain Gold Project, an all year accessible property located a short 50-minute drive from Smithers BC., which holds both an Environmental Management Act Permit (EMA) and a Mining Permit providing for up to 75,000 tonnes production annually.
The results within this release are part of the previously announced 3,700 meter work program at the Dome Mountain Gold Project that was designed to focus on upgrading a significant portion of the inferred mineral resource to the indicated category by infill drilling and drilling the upper and eastern margins of the Boulder Vein system on the Dome Mountain Gold Project.
Blue Lagoon Resources Chief Geologist, William Cronk said, "The results from hole DM-20-132 are highly encouraging and continue to highlight the potential for grade and thickness of the Boulder Vein along strike and at depth. We can see now that we cut off holes DM-20-131 and DM-20-133 too early, which were drilled from the same drill pad. This will be remedied during our upcoming 2021 drill program and we look forward to undercutting the significant 4.52 m intercept in hole DM-20-132 and follow it to depth."
MINE INFRASTURE IMPROVEMENT UPDATE
The Company is also pleased to announce that construction of an Ore Storage building capable of handling and storing up to 200 tonnes of mineralized material per day, has started and is expected to be completed in the next two weeks.
The Company will evaluate a production decision once all permit requirements are in place. Any production decision in advance of obtaining a feasibility study of mineral reserves demonstrating economic and technical viability of the project is associated with increased uncertainty and risk of failure.
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