Blue Lagoon Resources (CSE:BLLG, OTCQB:BLAGF,FSE:7BL) is poised to become British Columbia’s next high-grade underground gold producer. The company’s 100 percent-owned Dome Mountain Gold Mine has reached a major milestone with the receipt of a full BC mining permit—paving the way for near-term production.
With production on the horizon, early cash flow will be reinvested to grow the existing high-grade resource and advance exploration across the company’s expansive land package. This strategy positions Blue Lagoon as a low-risk, high-upside opportunity in a strengthening gold price environment.
Backed by strong insider ownership, low capital intensity, and a clear path to production, Blue Lagoon is successfully transitioning from a junior explorer to a gold producer.
The Dome Mountain Gold Project is the company’s flagship asset and sole focus—a rare, near-production opportunity in one of Canada’s top mining jurisdictions. Located just 50 minutes from the mining-friendly town of Smithers, BC, the project covers nearly 21,000 hectares in a prolific gold belt with excellent infrastructure, road access, and power.
Dome Mountain has a storied history, with over $80 million in historic investment by major players like Noranda and Timmins, as well as over $30 million invested by Blue Lagoon since 2019.
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Blue Lagoon offers a compelling low-risk, high-upside opportunity in a rising gold price environment driven by a focused transition from junior exploration to gold production, strong insider ownership and low capital intensity.
Blue Lagoon Resources (CSE:BLLG,OTCQB:BLAGF,FSE: 7BL) is emerging as British Columbia’s next high-grade underground gold producer. The company’s 100 percent owned Dome Mountain gold mine has achieved the rare milestone of securing a full BC mining permit, setting the stage for near-term production. The company will use early cash flow to expand the existing high-grade resource and unlock the significant exploration potential across the vast land package.
Over $30 million has already been invested in development and drilling at Dome Mountain since 2019, including more than 48,000 meters of drilling that led to the discovery of two new zones: Chance Structural and the Federal zone. The current NI 43-101 resource—focused solely on the Boulder Vein—includes 45,000 oz of gold (measured), 173,000 oz (indicated), and 16,000 oz (inferred), along with over 1.1 million oz (Moz) of silver. However, this represents just a fraction of the potential: Dome Mountain hosts 15 known high-grade veins on only 10 percent of the 22,000-hectare land package, 90 percent of which remains unexplored.
What sets Blue Lagoon apart is its disciplined business model—generating revenue through production to fund exploration, instead of relying on continuous dilution. By minimizing upfront capital requirements and leveraging strong partnerships—including community support from the Lake Babine Nation and financial backing from strategic investors—Blue Lagoon is positioned to scale efficiently.
Blue Lagoon is led by a seasoned team of entrepreneurs, mine builders, and technical experts with deep experience in financing, permitting, and operating gold projects.
The Dome Mountain gold project is Blue Lagoon Resources’ flagship and sole focus, representing a rare near-term production opportunity in a premier jurisdiction. Located just 50 minutes from the mining-friendly town of Smithers, BC, the project spans nearly 21,000 hectares of mineral titles in a richly endowed gold belt with excellent infrastructure, road access and power. The mine has a long history, with more than $80 million in historical investment from Noranda, Timmins and Blue Lagoon, including more than $30 million since 2019.
The Dome Mountain mine is a fully permitted, high-grade, underground gold-silver project. In February 2025, the company secured both its mine permit from the BC Ministry of Energy, Mines and Low Carbon Innovation, and an associated effluent discharge permit from the Ministry of Environment and Climate Change Strategy. These permits enable full-scale mining operations to commence—an achievement few companies have attained in British Columbia over the past decade.
Initial operations will focus on the Boulder Vein System, which hosts the current NI 43-101 resource. The resource includes 45,000 oz of measured gold at 10.32 grams per ton (g/t), 173,000 oz indicated at 8.15 g/t, and 16,000 oz Inferred at 6.02 g/t Au. These zones also contain significant silver by-products, totaling over 1.1 Moz across categories. The resource is based on a 3.5 g/t gold cutoff and only covers one of at least 15 known high-grade veins on the property.
Dome Mountain project site layout
The Boulder Vein is being developed for initial production of 15,000 oz of gold per year, processed via a toll milling agreement with Nicola Mining. Metallurgical recoveries from a previously processed 5,000-ton bulk sample returned 95 percent gold and 90 percent silver recoveries, confirming the project's strong economics. Pre-production capital costs are minimal, with the only major requirement being the completion of the on-site water treatment facility, expected by May 2025.
Despite the historical work, 90 percent of the property remains unexplored. Blue Lagoon has already completed over 48,000 meters of drilling since 2020 and made two new discoveries (Chance Structural and Federal One). Recent airborne magnetic and IP geophysical surveys have identified numerous new drill targets, and internal modeling suggests the potential to grow the resource to more than 1 Moz. All exploration is fully funded through anticipated cash flow, minimizing dilution and offering investors exposure to both near-term revenue and long-term discovery potential.
A veteran entrepreneur with over 30 years of experience in public and private markets, Rana Vig has a deep history of building and financing ventures in the mining, cannabis and technology sectors. Prior to founding Blue Lagoon, he served as CEO of Lead Ventures, where he orchestrated a $5-billion reverse takeover of Curaleaf Holdings—Canada’s largest cannabis financing to date. Under his leadership, Blue Lagoon secured its final mine permit for Dome Mountain, raised over $30 million, and positioned the company for near-term gold production. Known for his execution-focused strategy and shareholder alignment, Vig and his family are among the company’s largest shareholders, having recently increased their stake with additional personal investments.
With over 35 years of global experience, William Cronk leads the company’s exploration programs. He has worked across North and South America, Africa and Europe, and has contributed to both grassroots and advanced-stage projects. His past roles include senior positions at Dundee Precious Metals and Northern Empire (acquired by Coeur Mining). Cronk has overseen Blue Lagoon’s extensive drilling campaigns at Dome Mountain, including over 48,000 meters of drilling, and was instrumental in the discovery of the Chance Structural and Federal One zones. His understanding of structurally controlled gold systems has positioned the company to unlock the broader exploration potential of the property.
Roy Edvardsen brings more than four decades of operational mining experience and is currently overseeing the preparation and execution of the Dome Mountain restart. His background includes roles as mine superintendent and underground mine manager at some of Canada’s most recognized operations, including the Wolverine Mine (Yukon), Ekati Diamond Mine (NWT) and Eskay Creek (BC). Known for his focus on underground mine safety and operational efficiency, Edvardsen has implemented robust ground control, ventilation and emergency protocols at Dome in preparation for production.
Gurdeep Bains is a chartered professional accountant with more than two decades of financial and corporate development experience. He spent 10 years at Canaccord Genuity, where he managed internal audits, financial analysis, and played a key role in global expansion projects totaling over $850 million across Canada, the US, UK, Australia and China. His expertise in due diligence, M&A integration and financial governance supports Blue Lagoon’s capital discipline and operational transparency.
Summer 2025 production ready gold producer in British Columbia with significant exploration upside
(TheNewswire)
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September 15, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that the Moving Bed Biofilm Reactor ("MBBR") system at its Dome Mountain Water Treatment Plant is now ready for commissioning.
Designed to meet all regulatory discharge standards, the plant was developed in close collaboration with Soren Jensen, the Company's principal environmental consultant from SRK Consulting. Mr. Jensen, who holds a masters degree in chemical engineering, has more than 20 years of experience designing, commissioning, and operating mine water treatment systems, including similar facilities at underground gold mines in Northern Canada. His expertise ensures that the Dome Mountain system is engineered to treat mine water efficiently, in full compliance with permit conditions, and in alignment with Blue Lagoon's commitment to environmental stewardship.
The MBBR system is part of Dome Mountain's state-of-the-art Water Treatment Plant, which is designed to treat up to 400 liters per minute ("L/min"). Current mine water output is approximately 20-40 L/min, ensuring ample capacity as operations scale. This robust infrastructure underscores Blue Lagoon's commitment to environmental stewardship while supporting safe and efficient underground development.
MINING TO COMMENCE SEPTEMBER 24, 2025
Underground mining operations are scheduled to commence on September 24, 2025 , beginning with development work. The Company expects to achieve a steady ramp-up to 100 tonnes per day ("tpd") within four weeks and 150 tpd within twelve weeks. By that point the Company expects to have five to six working faces exposed, providing strong operational flexibility. Importantly, all mine waste will remain underground, further aligning with the Company's environmental and regulatory commitments.
To enhance operational readiness and safety, Blue Lagoon has signed a Mutual Aid Agreement with New Gold Inc. , reinforcing its collaborative approach and ensuring rapid access to additional emergency support if ever required.
The Company's underground program will be led by Mike McCartin , a seasoned underground mining geologist who will oversee daily operations and training of mine staff. Complementing this, a Senior Mining Engineer from Roughstock Mining Services will establish mining protocols, standard operating procedures (SOPs), and underground surveying requirements, ensuring industry best practices are embedded from day one.
"As we commission the MBBR system and prepare to send our crews underground to commence operations, Blue Lagoon is entering a transformational phase," said Rana Vig, President & CEO of Blue Lagoon Resources. "With a fully permitted project, the right infrastructure, and a strong technical team, we are well positioned to generate near-term cash flow, while minimizing risk and maximizing efficiency. Dome Mountain is rare in British Columbia, one of only nine projects permitted since 2015, and we are proud to be advancing it responsibly, with safety and environmental care at the forefront."
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
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S eptember 9, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to provide an update on its Dome Mountain Gold Project, where the Company is nearing final commissioning of its Moving Bed Biofilm Reactor (MBBR) water treatment system - the final step required before commencing blasting.
The Company expects the MBBR to be fully activated within the next 7 to 10 days , at which point the water treatment plant will be fully commissioned and blasting can begin. In the meantime, underground preparation work is scheduled to start this week to ensure the operation is fully ready for the start of mining.
Underground Work To Commence This Week
Work beginning this week includes:
Establishing emergency egress exit points – ensuring all ladders are secure and viable.
Bolt testing – testing approximately 10% of bolting as per the Ground Control Management Plan.
Re-establishing the ventilation system – moving and wiring underground fans and ventilation ducts.
Clearing and fortifying underground magazine storage units and purchasing explosives.
Moving small waste piles to improve efficiency once blasting begins.
Cleaning the underground sump.
Drilling at the rollover to establish the first exposed ore face.
Once the MBBR system is commissioned (expected in the next 7 to 10 days), drilling and blasting will begin immediately at both the rollover and in the incline (development work).
"We are now extremely close to begin mining," said Rana Vig, President & CEO of Blue Lagoon Resources. "The MBBR commissioning at Dome Mountain is the last remaining step before blasting can commence, and our crews are already underground preparing for operations. We expect to transition quickly into production and near-term cash flow once the system is online."
To further strengthen its operational readiness, Blue Lagoon has added two experienced professionals to its team:
Michael Kendall – Underground Mine Supervisor
Mr. Kendall brings more than three decades of hands-on underground mining experience, with a proven track record of leading safe, efficient, and high-performing crews across some of Canada's most notable operations, including Eskay Creek, Rice Lake, Myra Falls, Red Chris, and Minto.
Former Underground Mine Manager at Fortis Mining and Underground Supervisor at Barminco (Red Chris).
Extensive experience in mine planning, development, and production management, including recommissioning and optimization of underground operations.
Recognized Mine Rescue Captain, with multiple provincial championships and decades of safety leadership.
Mr. Kendall's deep operational knowledge and safety-first approach will be instrumental as Dome Mountain transitions from development into steady-state production.
Dr. Francis Salifu – Environmental Manager
The Company has also appointed an Environmental Manager, a seasoned professional with over 15 years of progressive experience in mining-sector environmental management, including more than five years in senior supervisory roles.
PhD in Environmental Science.
Expertise in ML/ARD mitigation, water quality and water balance modeling, and biochemical reactor (BCR) systems.
Formerly with Conuma Resources, PwC, and the Alberta Energy Regulator, where they developed integrated environmental management programs and improved site compliance by more than 60%.
Skilled in stakeholder engagement with regulators, consultants, and Indigenous communities, with a strong focus on sustainability and continuous improvement.
This appointment underscores Blue Lagoon's commitment to the highest standards of environmental compliance and responsible mining as production begins.
"As we prepare for mining and near-term cash flow, building the right team is critical," said Rana Vig, President & CEO of Blue Lagoon Resources. "Michael's extensive underground experience and Francis's proven leadership in sustainability both strengthen our operational readiness. These hires reinforce our commitment to safety, environmental stewardship, and efficient execution at Dome Mountain
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: rana@bllg.ca
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change
Copyright (c) 2025 TheNewswire - All rights reserved.
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The Canadian Securities Exchange ("CSE" or "the Exchange") today announced market statistics for July 2025.
July 2025 Operating Statistics
"July was an extremely active period for the Canadian Securities Exchange, with trading activity reaching the highest level of any single month since 2022," said Richard Carleton, CEO of the CSE. "In addition, the month of July featured three of the four largest financings completed to date on the Exchange this year, as Asante Gold Corporation raised $236.8 million, Vireo Growth Inc. raised US$153 million, and Draganfly Inc. raised US$25 million. We were pleased to see such strong trading and financing activity during the traditionally slower summer season."
What's On at the CSE
The CSE is excited to be sponsoring and participating in the 2025 Canadian Security Traders Association (CSTA) conference, taking place in Ottawa on August 20-22. The annual conference brings together a diverse group of financial market experts to discuss key topics impacting capital markets. Richard Carleton will be speaking on a "Market Place Roundtable" panel on August 21 with senior executives from other Canadian exchanges. They will discuss issues shaping the future of securities trading in Canada.
The CSE team will be returning to Beaver Creak Resort in Colorado for the annual Precious Metals Summit Beaver Creak on September 9-12. The invitation-only conference features nearly 200 mining companies and a who's who of expert speakers in the sector. Several CSE-listed companies are participating in the conference, including Abitibi Metals Corp. (AMQ), Asante Gold Corporation (ASE), Blue Lagoon Resources Inc. (BLLG,OTC:BLAGF), Exploits Discovery Corp. (NFLD), Headwater Gold Inc. (HWG), Kuya Silver Corporation (KUYA), and Yukon Metals Corp. (YMC).
The CSE will be in Halifax on September 16 for its latest Going Public and Raising Capital in Canada event. These seminars provide entrepreneurs and company founders with detailed information and strategies to successfully enter Canada's capital markets. The line-up of expert speakers for this event includes Scott Pritchard, the CSE's Senior Advisor of Listings Development for Quebec and Eastern Canada, and James Black, the CSE's Vice President of Listings Development. Phillip Shum, Director of Listings Development, will also be in attendance and available to speak with attendees. The event also features a networking reception.
New Listings in July 2025
SuperQ Quantum Computing Inc. (QBTQ) – Fundamental Change
Libra Energy Materials Inc. (LIBR) – Fundamental Change
About the Canadian Securities Exchange:
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July 11, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to announce the official opening of its wholly owned Dome Mountain Gold Mine Project, that recently received its mining permit making it one of only nine mining permits granted in British Columbia in the past decade - and one of just a few high-grade, road-accessible gold projects to reach production-ready status in recent years.
The celebration, held on July 9, 2025, brought together over 100 guests from across Canada and abroad — including attendees from Germany, South Carolina, Denver, Montana and Toronto — to mark this significant milestone for the Company and the region.
Dignitaries in attendance included the Mayor of Smithers, Gladys Atrill; MLA Sharon Hartwell (Bulkley Valley-Stikine); and MP Ellis Ross (Skeena-Bulkley Valley). Also present were various representatives from the Ministry of Mines and Critical Minerals and other provincial agencies. Minister of Mining and Critical Minerals, Jagrup Brar, was unable to attend in person due to his participation in the annual Conference of Mines Ministers of Canada, held in Prince Edward Island. However, he shared a recorded message acknowledging the importance of the project, which was played during the event. Minister Brar is scheduled to visit and tour the Dome Mountain site later this month.
In a powerful display of cultural heritage and support, 18 Hereditary Chiefs and Guardians from the Lake Babine Nation (LBN) joined Hereditary Chief and Council Member Fabian Michell for the opening ceremony, which featured a traditional drum ceremony representing songs from all four LBN clans: Bear, Beaver, Frog, and Caribou.
"We were deeply honoured to stand alongside the Lake Babine Nation, whose presence and participation made this day truly meaningful," said Rana Vig, President & CEO of Blue Lagoon Resources. "This is more than just the opening of a gold mine — it's a moment that reflects years of hard work, resilience, and respectful collaboration."
During the two-day event, guests had the opportunity to take underground tours as well as visit the recently completed, state-of-the-art water treatment plant — a key environmental safeguard for the project. The facility has the capacity to treat over six times the current needs at Dome Mountain, ensuring long-term environmental resilience as production scales.
With the mine officially open, pre-production work will begin next week, setting up Dome Mountain to begin mining and transition to near-term cash flow once the Moving Bed Biofilm Reactor (MBBR) system is commissioned - expected in about four weeks. The two-stage water-treatment facility features a functioning High-Density Sludge (HDS) circuit and the MBBR circuit, which uses microbes to remove blasting-related ammonia and nitrates. The MBBR's biological ramp-up phase typically takes approximately four weeks. Mining will commence immediately upon the completion of this phase.
"As a geologist, this is a proud moment in my career," said Bill Cronk, Chief Geologist and Project Manager at Blue Lagoon Resources. "To see a project go from exploration to production — and to be part of that transformation — is something most geologists only dream of. This team made it happen and I'm very proud of that."
The event also welcomed strategic investors and partners, including Dr. Quinton Hennigh, technical advisor to Crescat Capital, and Peter Espig, CEO of Nicola Mining, with whom Blue Lagoon has a long-term toll milling agreement.
"Dome Mountain represents what's possible when entrepreneurial determination meets responsible mining practices," said Peter Espig, CEO of Nicola Mining. "We're proud to support Blue Lagoon in bringing this project to life, and to be part of a partnership grounded in trust, transparency, and technical excellence."
Throughout the event, Blue Lagoon's highly experienced technical team was on site to answer questions and provide detailed explanations of the mining methods and techniques planned for Dome Mountain. This included Steve Cutler of Roughstock Mining, an accomplished underground mining consultant with decades of experience who has worked on a wide range of underground gold projects across North America. Also present was Peter Bojtos, a professional mining engineer with global experience who has been directly involved in the opening or reopening of 19 mines over the course of his career — making Dome Mountain his 20th. Mr. Bojtos is a current director of Avino Silver & Gold Mines Ltd (formerly Chairman) (ASM:NYSE) and a technical advisor on the Dome Mountain Gold Project.
With pre-production work beginning next week, Blue Lagoon Resources is now positioned to become one of British Columbia's next producing high-grade gold mines.
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining
jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
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June 30, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to provide a corporate update highlighting significant progress at its Dome Mountain Gold Project as it prepares to enter production in a strong gold market.
"We are fully funded, fully permitted, and now entering the final stages of mine readiness — with no short-term debt, multiple successful government inspections, and a water treatment plant that has now been completed," said Rana Vig, President and CEO. "The confidence shown by our institutional investors, along with new strategic backing and the recently signed $2 million line of credit — not secured against our property — from Nicola Mining, gives us the flexibility to fund mining and development without delay. We're ready — and we're moving quickly toward cash flow."
FULLY FUNDED WITH STRONG BACKING AND NO DEBT
Blue Lagoon recently completed a successful non-brokered financing, fully subscribed by existing long-term shareholders including Crescat Capital, Phoenix Gold Fund, and Nicola Mining, alongside a small group of new strategic investors. In addition, CEO Rana Vig and Board Member Gurdeep Bains both increased their personal stakes in the Company.
The Company currently carries no short-term debt and has in-the-money warrants valued at over $3.6 million. As further validation of the project, Blue Lagoon has secured a $2 million line of credit from Nicola Mining, which can be drawn in $500,000 tranches — without any encumbrance on the Company's mineral property. While the Company may ultimately never need to draw on this facility, having access to it provides an important financial backstop. It ensures capital is available if needed to support production ramp-up, seize opportunity, or manage any unforeseen short-term needs — all without causing further dilution to existing shareholders.
SENIOR UNDERGROUND GEOLOGIST HIRED TO
STRENGTHEN TECHNICAL TEAM
The Company is also pleased to welcome Michael McCardal as Senior Underground Geologist. Mr. McCardal brings three decades of underground gold mining experience with producers including Ascot Resources, Barkerville Gold Mines, Pure Gold Mining, and Kirkland Lake Gold.
At Ascot's Big Missouri deposit, he led underground sampling protocols, grade tracking, and stope planning. At Kirkland Lake's Macassa and Taylor Mines, he was instrumental in ore control, face mapping, and production reconciliation.
"Mike's experience will be very helpful in establishing best-in-class grade control and optimizing early stopes as we move into production this summer," said Vig.
INSPECTIONS PASSED WITH FLYING COLOURS
As part of its final mine preparation, the Company successfully passed three separate government inspections, confirming operational readiness across critical areas:
• Electrical Inspection – Verifying compliance with site-wide above and underground power systems.
• Reclamation & Geoscience Inspection – Reviewing on-going geological reporting and reclamation progress.
• Ground Control & Health and Safety Inspection – Ensuring safe above and underground conditions and mining procedures.
"These clean inspections are a testament to the strength of our team and the standard of work being done at Dome Mountain," said Yannis Tsitos, Chair of the Company's mining committee.
CONSTRUCTOIN OF WATER TREATMENT PLANT COMPLETE
Construction of Blue Lagoon's water treatment system — a critical component of the Company's environmental compliance plan — is now complete and partially commissioned, as required under the Company's Mines Act permit.
The system consists of two integrated technologies: a High-Density Sludge (HDS) circuit, which is fully installed and operational, and a Moving Bed Biofilm Reactor (MBBR) , designed to treat ammonia and nitrates from blasting residues using a microbial process. The MBBR circuit has also been fully constructed and is about to undergo microbial activation — a biological ramp-up that typically takes 2 to 4 weeks.
Designed to meet all regulatory discharge standards, the plant is engineered to treat mine water efficiently and in full alignment with the Company's permit conditions. Blue Lagoon worked closely with Soren Jensen , the Company's principal environmental consultant from SRK Consulting. Mr. Jensen holds a master's degree in chemical engineering and has developed, designed, commissioned, and operated mine water treatment systems for mining operations for over 20 years, including similar treatment plants at other underground gold mines in Northern Canada.
Just as importantly, the Company collaborated closely with regulatory agencies and the Lake Babine Nation throughout the design and construction process to ensure the system meets both technical and community expectations.
With the construction of the water treatment system complete and regulatory milestones achieved, the Company is advancing mine development activities in accordance with its permit. Environmental monitoring will continue during the MBBR activation phase to ensure ongoing compliance as the system reaches full operational capacity.
This milestone represents a major step toward production readiness and reinforces Blue Lagoon's commitment to responsible, permit-driven development. The official mine opening is scheduled for July 9, 2025.
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
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Founded in 2009 and listed in 2011, Angkor Resources (TSXV:ANK,OTCQB:ANKOF) has developed a dual focus on energy and minerals across Asia and North America.
Angkor Resources is advancing a dual-track strategy across energy and minerals. In Canada, its subsidiary EnerCam Exploration generates revenue from oil production, water disposal, and gas processing, while also pioneering carbon capture and conversion solutions.
In Cambodia, subsidiary EnerCam Resources is driving the nation’s first-ever onshore oil and gas exploration on Block VIII, positioning the company for transformational growth. On the mineral side, Angkor is a first-mover in Cambodia’s underexplored belts, with licenses at Andong Meas and Andong Bor targeting both precious and base metals, where exploration has already confirmed copper porphyry systems and high-grade gold mineralization.
Angkor mitigates risk by diversifying revenue, combining recurring Canadian cash flow with high-impact exploration in Cambodia, where management prioritizes hydrocarbons and copper, highlighting 25 million recoverable barrels and significant copper-gold potential.
This Angkor Resources profile is part of a paid investor education campaign.*
Click here to connect with Angkor Resources (TSXV:ANK) to receive an Investor Presentation
Angkor Resources is an emerging energy and mineral development company blending traditional oil and gas with copper and gold exploration in Cambodia, while generating revenue through oil production and carbon capture projects in Canada. With over a decade of operational experience in Southeast Asia and a reputation for sustainable practices, the company is strategically positioned to deliver both growth and resilience for investors.
Founded in 2009 and publicly listed in 2011, Angkor Resources (TSXV:ANK,OTCQB:ANKOF) has built a unique dual-focused enterprise across energy and minerals in Asia and North America.
On the energy side, the company is advancing acquisition of cash flow through oil production and carbon capture in Canada, and is poised for transformational growth through the first-ever onshore oil and gas exploration program in Cambodia. Its Canadian subsidiary, EnerCam Exploration, is already generating revenue from oil production, water disposal and gas processing, while also implementing carbon gas capture and conversion solutions for provincial markets. In Southeast Asia, Angkor’s Cambodian subsidiary, EnerCam Resources, is spearheading a national-scale initiative to bring Cambodia its first domestic hydrocarbon energy, with exploration activities underway on the company’s Block VIII concession.
On the mineral side, Angkor has positioned itself as a first-mover in Cambodia’s underexplored mineral belts, holding licenses at Andong Meas and Andong Bor. These projects target both precious and base metals, with copper porphyry systems and high-grade gold mineralization now confirmed through exploration results.
Angkor’s strategy is designed to mitigate shareholder risk by diversifying revenue streams, blending recurring Canadian cash flow with high-impact exploration upside in Cambodia. The company’s management emphasizes hydrocarbons and copper as priorities, noting the potential value of 25 million recoverable barrels in Cambodia alongside significant copper-gold discoveries.
Angkor’s flagship asset is Block VIII, a 4,300 sq km oil and gas concession in Cambodia’s underexplored onshore sedimentary basin. The license, structured under a 30-year Production Sharing Agreement with renewal options, represents the first onshore hydrocarbon exploration license in the country. Geoscientific studies conducted by Danish, Canadian and European experts have identified strong indications of a foreland basin system and rift formations with significant petroleum potential. Over 21 natural oil seeps have been mapped and testing of the seeps by Schlumberger confirms the presence of hydrocarbons. Gas showings are also evident across the block.
The block is ideally located adjacent to export infrastructure, close to port with highway access to Phnom Penh and proximity to a deepwater port. Cambodia currently imports all of its petroleum products, making Block VIII strategically important both nationally and regionally. EnerCam, Angkor’s subsidiary, is implementing Cambodia’s first onshore 2D EnviroVibe seismic program, designed to minimize environmental footprint while mapping structural traps and stratigraphic features.
Technical projections suggest that once commercial quantity of recoverable hydrocarbons is proven, Block VIII could host Cambodia’s first onshore oil production. Angkor’s phased development plan includes completing seismic interpretation, definition of drill targets or additional 3D seismic followed by stratigraphic test wells and eventual development drilling. This project is expected to be the company’s most significant value driver and is prioritized as its number one corporate focus.
In Canada, Angkor operates through EnerCam Exploration Canada, which is a 40 percent interest holder in oil production and carbon solutions across 30 well sites spanning 516 hectares in Saskatchewan. These wells, shut in since 2018 due to low oil prices and mismanagement by previous operators, have been systematically refurbished and restarted. EnerCam participates in the full production cycle, including oil recovery, water separation and gas handling.
A key milestone was the acquisition of the pipeline network and compressor station, which resolved historical venting issues and allowed EnerCam to capture associated gas. This gas is converted into natural gas energy and sold into provincial markets. Angkor’s Canadian revenue streams also include water disposal fees, gas plant operations, and oil production revenues, supplemented by ongoing carbon capture and enhanced recovery of water conversion and injection wells projects.
Angkor holds a 40 percent interest in oil and gas production ventures in Saskatchewan, ensuring a recurring revenue stream. This platform not only offsets G&A costs but also provides a foundation for emission control and potential for further gas capture with surrounding producers in the area.
Through its subsidiary Angkor Gold Cambodia, the company holds a strategic portfolio of copper and gold assets in prospective belts. These licenses include Andong Bor and Andong Meas.
The Andong Bor license has emerged as a cornerstone of Angkor’s mineral portfolio. In June 2025, the company confirmed the presence of a copper-gold porphyry system, the first discovery of its kind in Cambodia. This breakthrough positions the project as a potential district-scale copper-gold system. Further drilling is expected to test depth extensions and delineate mineralized zones.
At the Andong Meas license, exploration has revealed high-grade gold mineralization, with surface samples returning assays up to 70 grams per ton (g/t) gold across a 0.8 km by 1.5 km area. This anomaly remains largely untested by drilling and represents a significant near-term target for resource expansion.
With over 25 years of global development experience spanning finance, business development, economic development and ESG initiatives. She has spearheaded Angkor’s CSR programs in Cambodia, earning UN recognition for sustainability leadership. Weeks has overseen Angkor’s transition into energy and its expansion into cash-flowing operations.
Brings over four decades of operational and executive experience in international resource projects. Mike Weeks is president of Angkor Gold Corp. Cambodia and EnerCam Resources Cambodia. He has had a long and successful career in the oil and gas industry with over 30 years’ experience in project management of petroleum-related industries. Weeks also spent more than 15 years negotiating with foreign governments in developing and implementing natural resource licenses. His experience includes oil production in North Africa, engineering and design in Europe, the development of gas processing facilities and field and plant operations in Canada. Weeks has worked with international oil and gas producers including AEC West, Wintershall, Zuetina, Encana and Amoco.
Professional geologist with over 40 years of exploration experience in Canada, Central America and Asia. Dennis Ouellette has been a federal geologist in the Yukon for over five years, overseeing the exploration and mining industry across the Yukon by all industry participants. He leads Angkor’s mineral exploration programs, including the copper porphyry discovery at Andong Bor and a second porphyry target on Andong Meas. Ouellette has worked in multiple Canadian provinces, Nevada and Guatemala, and was the industry advocate director for the Yukon Chamber of Mines and president of Yukon Prospectors Association
Keith Edwards is a senior geophysicist with over 39 years’ experience in all aspects of geophysics, from acquisition through processing to interpretation. He is known for his proven innovative problem-solving capabilities in software development, consulting services, interpretation and management. Edwards spent 12 years at Kuwait Oil company mentoring junior staff and performing many quantitative seismic interpretation projects. He developed several MatLab applications for Seismic Facies Classification, VSP integration, 3D design and many others.