Blue Lagoon Resources Inc · CSE:BLLG
Blue Lagoon Resources — Investor Presentation (March 2022)
41 slides from Blue Lagoon Resources's investor presentation, March 2022
Slide 1: Corporate Presentation March 2022
FSE: 7BL CSE: BLLG OTCQB: BLAGF March 2022
Slide 2: Company Disclaimer
Company Disclaimer Certain statements contained in this presentation constitute “forward-looking statements” within the meaning of applicable Canadian securities legislation. Such forward-looking statements herein may include but are not limited to: strategic plans and expectations for the developme
Slide 3: Blue Lagoon Resources…
Blue Lagoon Resources… 15 Known High Grade Gold Veins 20 Km of Geological Strike PLUS A 75,000 tonnes / Year Permitted Gold Mine In British Columbia, Canada Mining Permit & Environmental Management Act Permit for 75,000 t/yr No production decision has been made, and any production decision will be s
Slide 4: Why Blue Lagoon Resources…
Why Blue Lagoon Resources… FLAGSHIP PROJECT MANAGEMENT The Dome Mountain GOLD mine site has seen Solid Management COMPANY with 100+ years of If you have to $30M spent (last 14 years) as well as $40M Young dynamic experience in invest in one previously spent by corporation with publicly traded INVEST
Slide 5: Corporate Structure
Corporate Structure • In March 2020, Blue Lagoon via an all-shares transaction, completed the acquisition of Metal Mountain Resources Inc, and now BLUE LAGOON controls 100% of the historic Dome RESOURCES Mountain Gold Mine and 100% of the INC. (CSE: BLLG) promising Big Onion Porphyry Copper Project
Slide 6: Capital Structure & Key Events
Capital Structure & Key Events (as of Feb 2022) Shares Issued & Outstanding 98,124,610 Cash on Hand CDN $ 9,000,000 Options 2,837,500 Debt < $100,000* Warrants 8,999,074 Share Price CDN $ 0.61 Shares Fully Diluted 109,961,184 Capitalization CDN $ 59.9 million In The Money Options $411,250 637,500 In
Slide 7: Management & Directors
Management & Directors 30 + years of business experience. Past President of Musgrove Minerals (Cu, Au) and Continental Precious Minerals (Uranium). In 2018, he became CEO of Lead Ventures and oversaw and executed on the RANA VIG acquisition and $5-billion-plus reverse takeover of Curaleaf Holdings w
Slide 8: Project Locations
Project Locations Both projects are located close to major highway infrastructure and within famous Dome Mountain and well-established metallogenic, mining Gold Mine districts of BRITISH COLUMBIA, CANADA, one of the best exploration and mining jurisdictions in the world. Pellaire Gold Project 8
Slide 9: The Dome Mountain Gold Project - Risk Assessment: Low
The Dome Mountain Gold Project - Risk Assessment: Low Risk Parameter High Risk Moderate Risk Low Risk Remarks Geology, Deposit Type, Size Potential (20 Km strike) - - Right geology & deposit type. Needs Drilling to keep adding - - ounces – 17 veins to be drilled Gold grade is high. Very Grade, Vein
Slide 10: The Dome Mountain Gold Project
The Dome Mountain Gold Project • Mineral Titles cover 21,541 hectares • Quartz Carbonate veins with High- grade gold/silver; being explored as an Alkali Gold System • 90% of the Property is under explored! Boulder Vein system has seen most exploration. Significant “Blue Sky” potential; 15 veins iden
Slide 11: Key Achievements Since August 2020
The Dome Mountain Gold Project – Key Achievements Since August 2020 1. 26,477 meters of drilling completed since fall 2020 2. New Discoveries: Chance Structural Zone and Federal Zone 3. 2022, 20,000 meter drill program underway 4. 4216 soils collected 5. 15km of grid cut and ready for deep IP and CS
Slide 12: The Dome Mountain Gold Project - Fact Sheet
The Dome Mountain Gold Project - Fact Sheet • Located 60 km E of Smithers, B.C. & only 50 minutes drive to mine site allowing for reduced costs and workers to be with their families every day • Year-round forest service road access • Titles cover 21,541 hectares • 20 km of geological strike • Permit
Slide 13: Blue Lagoon Diamond Drilling
The Dome Mountain Gold Project – Blue Lagoon Diamond Drilling • 26,477 meters of diamond drilling completed in 111 holes since August 2020. • Phase 1 for 2022 drilling is underway with another 20,000m planned by December 2022. • Areas tested in 2020 and 2021 include Boulder, Federal Zone, Chance Str
Slide 14: Underground Development 2021
The Dome Mountain Gold Mine - Underground Development 2021 • Completed underground bolting on the 1290 level (650m) 1370 level (250m) • Ground Control Management plan completed • Completed secondary emergency egress from the 1290 to 1370 level (37m) • Mine Rescue Training • Removed 5,000 tonnes of m
Slide 15: Environmental and Regulatory Accomplishments 2021
Environmental and Regulatory Accomplishments 2021 • Seven management plans which are required for the updated Reclamation and Closure Plan are completed by ERM including (ARD/Sludge, Wildlife, Bat, Water Management, Erosion and Sediment Control, Aquatics, Wetland) • Project Description (PD) and Info
Slide 16: Milling Agreement – Metallurgy
The Dome Mountain Gold Mine (Milling Agreement – Metallurgy) • Long-term milling profit share agreement with Nicola (since April 2017) for up to 40,000 tonnes of mill feed per year mined from the Dome Mountain Mine. • The mill processed 5,000 tonnes of mineralized material left by previous operators
Slide 17: Other accomplishments
Other accomplishments • 2021 Drone Survey • 15 line km cut in preparation for Deep IP and CSAMT • New 43-101 completed which includes new resource update for Dome Mountain • Strategic Alliance with Crescat Capital and Dr. Quinton Hennigh
Slide 18: Summary of Mining & Detailed Facts from Historical Reports
The Dome Mountain Gold Mine Summary of Mining & Detailed Facts from Historical Reports • Underground mining was initiated in August 1991 by Timmins Nickel Inc. and ceased in May 1993 due to financial problems. 2016 saw another round of development and stockpile material was trucked to Nicola’s proce
Slide 19: Summary Geology
The Dome Mountain Gold Mine – Summary Geology • All of the veins within the Dome Mountain Gold camp are quartz- carbonate-sulphide veins, hosted by volcanoclastic rocks or, in the case of the Freegold Zone, hosted partially by Monzonite • The veins occur within a sub-vertical deformation zone, avera
Slide 20: Boulder Vein
The Dome Mountain Gold Mine – Boulder Vein Figure on the left shows recent and historic drilling extends the Boulder Vein system 800 meters along strike to the west. 2020 drill program confirmed the entire Boulder Vein system remains open at depth. 2020 drill program section (right) showing hole DM
Slide 21: Boulder Zone
BOULDER ZONE Boulder Zone has the most work done to date - over 40,000 meters of drilling and 352 diamond drill holes. Boulder contains a known resource of 45,000 ounces Au measured and 173,000 ounces Au indicated. The Boulder zone is a carbonate hosted base metal rich vein system, open at depth and
Slide 22: Dome Gold Project
Dome Gold Project purple lines demote structural zone.
Slide 23: Buritica (11 M oz Au) Foot Print on Dome Gold Project
Buritica (11 M oz Au) Foot Print on Dome Gold Project 23
Slide 24: Other Identified Veins - Huge Blue-Sky Potential
The Dome Mountain Gold Project Other Identified Veins - Huge ”blue-sky” potential A small sample of examples from a deep wealth of available historical geological information • Freegold Vein: Documented and historic mapping and channel sampling shows highly anomalous gold values including: • 0.6 oun
Slide 25: Other Identified Veins - Huge Blue-Sky Potential
The Dome Mountain Gold Mine Other Identified Veins - Huge ”blue-sky” potential • 9800 Zone-Forks-Hoopes vein show a combined strike length of a flat lying brecciated structural zone with semi- massive sulfide and grades to 76.72 g/t Au, 1809 g/t Ag, 29% Zn and 14.7% Pb. 23 drill holes by Noranda in
Slide 26: 2020 High-Resolution Airborne Geophysical Survey
The 2020 High-Resolution Airborne Geophysical Survey over the Dome Mountain Property • In H2 2020, the company completed a state of the art, high-resolution, low altitude, helicopter-borne geophysical survey via Precision GeoSurveys Inc. • Magnetic, Radiometric and Electromagnetic (EM) data was coll
Slide 27: Airborne Geophysical Survey Numerous Targets Identified
2020 High-Resolution Airborne Geophysical Survey Numerous Targets Identified Zoom-in map: example of • Preliminary geophysical interpretation has been completed. conductors • Litho-magnetic domains were defined. over mag in • Main structures identified. Interpreted splays are considered the Boulder
Slide 28: Soil Coverage From 2020 and 2021 Programs
Soil Coverage From 2020 and 2021 Programs: 4,216 Soils Collected
Slide 29: Highly Anomalous Zinc and Gold in Soils
Highly Anomalous Zinc and Gold Highly Anomalous Gold with, Arsenic, with Arsenic, Copper In Soils Moly, Antimony In Soils NW Zone SW Zone
Slide 30: Freegold
Freegold FreeGold showing has been of interest since the early 1900’s. High grade gold veins cut both the Freegold Intrusion ( Monzonite) and hosting Volcanoclastic rocks. Grab samples from exposed veins collected in 20201 : 53.2 g/t Au and 59 g/t Ag, 14.1 g/t Au and 61.5 g/t Ag 90.6 g/t Au and 129
Slide 31: Freegold
52000 Freegold 6535006 54000, 6545002 6550006 6o7080001 LEGEND Jt Blue Legoon dni hates A Historical a notes GEOCHEMISTRY Soll Geachem - Au (ppm) <7 ppb au 7-9 ppb Au 9-11 ppb Au 11-15 ppb Aw > 15 ppb Au LD vovbdacnum (6 ppm GEOLOGY | (sted en 2020 aibome survey) Hazelton Group 60700008 608000 53000
Slide 32: Chance Structural Zone
Chance Structural Zone The Chance Structural Zone (CSZ) - newly discovery by 2021 drilling This Northwest trending zone is well defined by Airborne Mag and soils. The first drill into this zone hit 20.55 g/t Au over .37m and 23.81 g/t Au over 0.6m. 1 Six hundred and fifty meters south, drill hole DM
Slide 33: Chance Structural Zone
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Slide 34: Chance Structural Zone
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Slide 35: Federal Zone
Federal Zone The Federal Zone – Newly discovery by 2021 drilling. Drilling here encountered prolific sulfide alteration occurring over 200 meters down hole and included pyrite, arsenopyrite, galena and sphalerite. Mineralization is hosted in distinct lithologies including argillite, conglomerate and
Slide 36: Federal Zone
r BLUE Federal Zone gt LAGOON LEGEND @= 2021 Phase 2 aril! hole. —— All-weather gravel road — Access road == Trails Contours (5m) =|—— Vein (in arill core) \| gackground image: Pioneer Survey Analytical Signal os, 654600E 654800E ‘655000= 36
Slide 37: Federal Zone
Federal Zone ¥2 Excson
Slide 38: The Dome Mountain Gold Mine - Team
The Dome Mountain Gold Mine - Team
Slide 39: The Pellaire Gold Project – Fact Sheet
The Pellaire Gold Project – Fact Sheet • A NI43-101 technical report completed (DEC 2019, JDS Energy & Mining). • 10 mineralized gold and silver bearing quartz veins identified. • Strike lengths from 100-300 meters; thickness varies from 0.3 to 7.7 meters. • Considerable quantity of stockpiled miner
Slide 40: The Dome Mountain Gold Project Business Strategy
The Dome Mountain Gold Project Business Strategy Add Gold Ounces via Exploration Execute on the most comprehensive exploration program done on the property to date, including drilling the already identified 15 known veins and new targets identified by 2020 Air Borne Geophysical survey Complete Amend
Slide 41: Contact
1200 - 750 West Pender St. rana@ranavig.com Vancouver, BC, V6C 2T8 Canada +1 604 218-4766 www.bluelagoonresources.com
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