Business
Blue Lagoon Milling Partner Nicola Mining Shifts Focus Exclusively to Blue Lagoon's Gold & Silver Mineralized Material
(TheNewswire)   January 29 , 2026 – TheNewswire - Vancouver, British Col...
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":"Blue Lagoon Milling Partner Nicola Mining Shifts Focus Exclusively to Blue Lagoon's Gold & Silver Mineralized Material\n(TheNewswire)\n \n\nJanuary 29, 2026 – TheNewswire - Vancouver,\nBritish Columbia – Blue Lagoon Resources\nInc. (CSE: BLLG;\nOTCQB: BLAGF; FSE: 7BL) continues to advance underground production at its\n100%-owned Dome Mountain Gold & Silver Project as its milling\npartner, Nicola Mining Inc. (“Nicola”), begins to shift its\nmilling focus exclusively to the Company’s high-grade gold &\nsilver mineralized material.\n\n\nWith no further third-party processing obligations,\nNicola will now be dedicating its milling capacity to material\ndelivered from Dome Mountain. This transition provides a more\nstreamlined processing path as Blue Lagoon continues to advance\nunderground operations and delivers mineralized material under its\nexisting long-term milling agreement.\n\n\nAs previously reported, Blue Lagoon has already\nreceived a payment of nearly $1 million for its initial 1,000 tonnes\ndelivered to Nicola in December and is continuing to build its\nstockpile, reflecting increasing underground output following the\nrecent opening of multiple active mining faces. In addition to the\ninitial 1,000 tonnes, the Company expects that by the end of this week\napproximately 1,500 additional tonnes of high-grade mineralized\nmaterial will have been delivered to Nicola, bringing the total\nmaterial shipped to approximately 2,500 tonnes.\n\n\n\nClick Image To View Full Size\n\n \n\nTrucks being loaded at the Dome Mountain Gold &\nSilver Mine \n\n\nwith mineralized material destined for Nicola\nMining\n\n\nThese operational advances are occurring against a\nstrengthening gold and silver price environment, with spot gold prices\nrecently surpassing US$5,500 per ounce and silver trading over US$115\nper ounce. While the Company remains focused on\ndisciplined execution and operational consistency, management believes\nthe current gold and silver price backdrop enhances the leverage of\nnear-term production as Dome Mountain continues to ramp up.\n\n\n\nClick Image To View Full Size\n\n \n\nDome Mountain Mineralized Material currently stockpiled\nat Nicola \n\n\n“Our focus remains on executing safely and\nconsistently underground while maintaining a predictable d...