Business
Blue Lagoon Resources Accomplishes Important Milestone in Its Mining Permit Amendment Process – Completes Water Treatment Plant
VANCOUVER, BC / ACCESSWIRE / March 23, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG) (FSE:7BL) (OTCQB:BLAGF) is pleased to announce the completio
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / March 23, 2021 / Blue Lagoon Resources Inc. (the \"Company\") (CSE:BLLG) (FSE:7BL) (OTCQB:BLAGF) is pleased to announce the completion of its water treatment plant and to provide an update on work completed to date during the first quarter of 2021 on its Dome Mountain Gold Project, an all-year accessible property located a short 50-minute drive from Smithers BC., which holds both an Environmental Management Act Permit (EMA) and a Mining Permit providing for up to 75,000 tonnes production annually. In addition, the property has 15 known high grade gold veins (see the Company's news release dated May 4, 2020) with nearly 90% of the 18,934 hectare property yet to be explored. \"The completion of the Water Treatment Plant is a very important and significant milestone for this project as it's one of the three key amendments required in order to gain permission to re commence mining,\" said Rana Vig, President and CEO of Blue Lagoon Resources. \"With this state-of-the-art water treatment plant now in operation, we will turn our focus to updating and completing the mine reclamation plans, the final of the three key required amendments which we expect to complete by the end of April,\" he added. Work on Dome Mountain started on January 4th, with the first quarter of 2021 seeing robust activity and the completion of the following important tasks to date: Underground Bolting on the 1290 level - COMPLETED. 13 meters installation of a planned 34 meters on the secondary emergency egress from the 1290 level to the 1370 level - COMPLETED. 4 management plans required for updated Reclamation and Closure Plan - COMPLETED. Ore storage building - COMPLETED. Installation of upgraded equipment for the Water Treatment Plant - COMPLETED. 7176.5 meters of planned 20,000 meters diamond drilling - COMPLETED. Updated Ground Control Management Plan ready for submission to Ministry - COMPLETED. The Company will evaluate a production decision once all permit requirements are in place. Any production decision in advance of obtaining a feasibility study of mineral reserves demonstrating economic and technical viability of the project is associated with increased uncertainty and risk of failure. WATER TREATMENT PLANTMuddy River Technologies of Delta B.C., an innovative water technology company led by Dr. Rob Stephenson, one of the l...