Junior Miner Set To Become BCs Next Gold Producer, Shares Surging On News

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Thursday, February 6, 2025

It is every mining company’s goal, to successfully transitioning from an exploration-focused company to a near-term producer. 

It takes a lot to get to this point, including resource expansion, permitting advancements, and strategic infrastructure investments. This achievement reflects years of dedicated exploration, technical expertise, and strong stakeholder engagement, paving the way for sustainable operations and long-term value creation. Many companies don’t make it to this level, but some do.

Today, Blue Lagoon Resources Inc. (CSE: BLLG) (OTCQB: BLAGF) announced that it had received its mining permit from the Ministry of Mining and Critical Minerals and its effluent/discharge permit from the Ministry of Environment and Parks for its 100% owned Dome Mountain Gold Project, an all-year road accessible project located a short 50-minute drive from Smithers, British Columbia, Canada. The achievement of this milestone truly marks a transformative moment for the Company as it transitions from an exploration-focused company to a near-term gold and silver producer.

"It is incredibly rare for a junior mining company to evolve from pure exploration into production, and today, we proudly stand on the brink of that transformation,” said Rana Vig, President and CEO of Blue Lagoon Resources . Further, Rana Vig stated, “…Blue Lagoon is now poised to become British Columbia’s next gold producer, and this is just the beginning of an exciting new chapter for our Company and our shareholders”.

Blue Lagoon’s chief geologist, Bill Cronk , said, “what makes this accomplishment even more remarkable is that we are delivering to our shareholders one of only a handful of mining permits granted in British Columbia over the last decade. This speaks to the exceptional quality of the high-grade Dome Mountain Gold Project, our commitment to meeting the highest environmental and regulatory standards, and the trust we’ve earned from both the provincial government and local communities. It’s an extraordinary achievement that positions Blue Lagoon Resources for lasting growth in one of the world’s most mining-friendly jurisdictions."

Key highlights of the mining permit include initial production up to 55,000 tonnes per year with expected recovery of approximately 15,000 ounces Gold per year. The Company is preparing to initiate mining operations as early as July 2025.

There you have it, dreams do in fact come true sometimes.  For investors, this win for the company is sending shares of BLLG up 17.24% to $0.17 while U.S. listed shares are currently up 22.38% to $0.1236 in mid-morning trading.

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