Malibu, CA, April 16, 2025 AEST (ABN Newswire) - Blue Lagoon Resources Inc. (
CNSX:BLLG) (BLAGF:OTCMKTS) is proud to announce it has received its final mining permit, clearing the way for full-scale underground gold production at its high-grade Dome Mountain Gold Project in British Columbia. The company is targeting initial annual production of approximately 15,000 ounces of gold, with operations expected to commence as early as July 2025.
With infrastructure, equipment, and personnel in place, and a toll milling agreement secured with Nikola Mining, Blue Lagoon is uniquely positioned for near-term production. Final preparations, including installation of a water treatment facility, are currently underway and are scheduled for completion within the next three months.
"Our team has worked relentlessly to bring this project to the production stage," said Rana Vig, CEO of Blue Lagoon Resources. "Achieving full permitting in British Columbia-where the average timeline can exceed 15 years-in just five years is a testament to our strategic planning, community engagement, and operational discipline."
A Strategic Approach to Gold in a Bull Market
With gold prices recently surging past $3,200 USD per ounce, Blue Lagoon is entering production at an opportune time. The company believes the current market reflects a broader structural shift as central banks and sovereign wealth funds move aggressively into hard assets amid declining confidence in fiat currencies.
"Retail investors haven't caught up yet," said Vig. "But smart money is already positioning for what could be the biggest gold rally in modern history."
As one of only nine fully permitted precious metal projects in British Columbia over the past decade-and with road access, a milling partner, and no need to construct new power infrastructure-Blue Lagoon is set apart from the field. In fact, with an initial capital expenditure of just $3-4 million, the company anticipates generating positive cash flow within the first year of operations.
Future Growth Without Dilution
Blue Lagoon's 22,000-hectare land package includes 15 known high-grade gold veins, covering only 10% of the total property, leaving significant untapped exploration potential. The company's strategy is to self-fund future exploration from production revenue, minimizing shareholder dilution.
Strategic investors including Crescat Capital, Phoenix Gold Fund, and Nikola Mining-who invested $1 million after an on-site visit-underscore confidence in the project's scalability and long-term value.
The Right Investment at the Right Time
"For investors seeking leverage to rising gold prices in a secure, tier-one jurisdiction, Blue Lagoon offers a rare combination: imminent production, clear growth trajectory, and disciplined capital management," added Vig.
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About Blue Lagoon Resources Inc.
As of February 2025, Blue Lagoon Resources Inc. (CNSX:BLLG) (OTCMKTS:BLAGF) achieved a major milestone by securing its mining permit, making it one of only nine companies to receive such approval in British Columbia since 2015. With this critical permit in place, the company is now focused on completing its state-of-the-art water treatment plant-expected to be operational by the end of May 2025. This marks a pivotal step in Blue Lagoon's transition from an exploration company to a fully operational producer, with first production targeted for Q3 2025.
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The Ellis Martin Report (TEMR) is an internet based radio program showcasing potentially undervalued companies to an audience of potential retail investors and fund managers that comprise our listening audience. TEMR is broadcasted on the VoiceAmerica Business Channel and The Opportunity Radio Network. CEO and company interviews are paid for by those represented on the program.
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