Markets

Blue Lagoon: Preparations for early gold mining initiated

In an interview with GOLDINVEST.de, Rana Vig, CEO of the Goldgesellschaft Blue Lagoon Resources (WKN A2PNJ8) Already pointed out: An important plus point of the Dome Mountain project is that it already has an approved mine – and only a few steps are necessary before mining can resume there.

As Blue Lagoon announced yesterday, these steps are now being tackled as a recent financing project brought the company $ 7.5 million into the coffers. This includes the following three main tasks:

– Completion of the water treatment plant (“WTP”, Water Treatment Plant) and investigations of the water chemistry

– Completion of the rock control plan

– Update of the reclamation and closure plan

Blue Lagoon has secured the services of proven experts for this purpose – Mr. Vig estimated the costs to GOLDINVEST at around 1.5 million dollars – so we assume that the work should now be completed within a few months. And then the dismantling can begin!

Dome Mountain, 11,290 acres, is road accessible year-round and is just 50 minutes’ drive from Smithers town. In 2016, 6,691 tons of ore from Dome Mountain were processed for test purposes in Nicola Mining’s (WKN A14T7S) processing facility, with an average of around 9 grams of gold per ton producing 1,517 ounces of gold and 8.026 ounces of silver.

Blue Sky exploration potential is to be increased

In addition to the prospect of an early start of mining on Dome Mountain, the property also has enormous exploration potential. Fifteen other high-grade gold veins alone are already known, but almost 90% of the project area has not yet been explored!

Blue Lagoon is currently drilling a total of approximately 2,800 meters in length on Dome Mountain and anticipates initial results will be available around September 30th. As Mr. Vig told us in an interview, the company has already applied for a further 100 drill holes, so that there is still a lot to do in this regard in the near future.

We’re definitely staying on the ball here.

Risk notice: GOLDINVEST Consulting GmbH publishes comments, analyzes and news on https://goldinvest.de. This content is intended solely for the information of the reader and does not represent any kind of call for action, neither explicitly nor implicitly are they to be understood as a guarantee of possible price developments. Furthermore, they are in no way a substitute for individual, expert investment advice and represent neither an offer to sell the stock (s) in question nor an invitation to buy or sell securities. This is expressly not a financial analysis, but a promotional one / journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information provided here act entirely at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, as our information only relates to the company, but not to the reader’s investment decision.

The acquisition of securities involves high risks that can lead to the total loss of the capital invested. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, however any liability for financial loss or the content guarantee for the topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please take note of our Terms of Use.

According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and / or partners, clients or employees of GOLDINVEST Consulting GmbH hold shares in Blue Lagoon Resources and that there is therefore a conflict of interest. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time. In addition, GOLDINVEST Consulting GmbH is remunerated by Blue Lagoon Resources for reporting on the company. This is another clear conflict of interest.

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that has been recognized by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Tags

Related Articles

Back to top button
Close
Close