Blue Lagoon Resources: Near Term Gold Producer With Big Exploration Potential
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Thu, December 10, 2020 at 2:00 PMendedReplay
Investor webinar replay
Meeting Overview The Blue Lagoon Resources Live Investment Summit focused on the company's progress and future plans regarding their mining projects, particularly the Dome Mountain property. CEO Rana Vig and Chief Geologist Bill Propp provided insights into the company's exploration potential, recent developments, and upcoming drilling plans. Key Discussion Points - Introduction of Blue Lagoon Resources and its recent acquisition of the Dome Mountain project. - Overview of the Dome Mountain's existing permits and infrastructure, including a full mine permit for 75,000 tons per year. - Discussion of the company's plans to complete necessary upgrades (water treatment facility, underground bolting, and mine reclamation plans) to recommence mining. - Presentation of exploration potential, including the Boulder vein with an estimated 250,000 ounces of gold and 1 million ounces of silver. - Insights into the mineralization of the property and plans for further drilling to increase resourc...
Mr. Vig has over 30 years of business experience during which time he has helped to launch five business ventures in private industry. He has been involved in several publicly traded companies since 2010. From 2011 to 2016 Mr. Vig served as President of Musgrove Minerals, an Idaho focused gold and copper mining exploration company, and from 2013 to 2016, he was the Chairman and CEO of Continental Precious Minerals, a TSX senior board exploration company with a focus on advancing one of the largest uranium projects in the world, located in Sweden.
A true entrepreneur with the ability to identify early trends, in 2018, Mr. Vig became the CEO of Lead Ventures and led its re-structuring by acquiring Curaleaf Holdings Inc. (CURA) which raised $520 million, making it the largest Canadian cannabis financing in history.
Also in 2018, Mr. Vig was invited to take the helm of Rockbridge Resources, a failed Oil and Gas venture, which he re structured by acquiring Harvest Health & Recreation (HARV) that closed a $300 million financing – making it the third largest cannabis financing of 2018.
Believing that the mining industry, and gold in particular, was about to enter into the next commodities super cycle, he has turned his attention to his latest venture, Blue Lagoon Resources, a gold focused company that holds both, the highly sought after environmental permit, as well as a mining permit.
In November 2017, he was invited to the Canadian Senate to receive the Senate 150th Anniversary Medal – which were awarded to top Canadians actively involved in their communities who, through generosity, dedication and hard work, make their hometowns and communities, a better place to live.
Bill Cronk has over 25 years of experience as a geologist and manager of exploration programs for precious and base metal deposits. Mr. Cronk has worked in Africa, Europe as well as North and South America with expertise that ranges from grass roots reconnaissance up to advanced stage and pre-feasibility work.
Mr. Cronk worked for mining industry leaders such as Dundee Precious Metals, and Northern Empire – which was acquired by NY listed Coeur Mining (NYSE: CDE), where he gained invaluable management experience and honed his skills in business development, project generation, program design, budget implementation and project management.
Replay transcript excerpt
Speaker 1: Hi, everyone. Thank you for joining Blue Lagoon Resources Live Investment Summit today, hosted by 6, Speaker 1: near-term gold producer with big exploration potential. Speaker 1: I'm pleased to introduce our speakers today. We've got Rana Vig, CEO and Director, Speaker 1: and Bill Propp, Chief Geologist. Speaker 1: Rana is going to walk you through a company presentation and short video, and then after that, both Rana and Bill is going to be available to take questions. Speaker 1: As a reminder, you can always submit your questions in a Q&A panel on the right-hand side of the screen at any point during the presentation. Speaker 1: We also have a few recent news releases you can download in the handouts tab today. Speaker 1: Without further ado, we're going to hand it over to Rana to kick things off. Speaker 2: Well thanks Jane, I really appreciate Speaker 2: you Speaker 2: setting all this up for us. Speaker 2: Welcome everyone, Speaker 2: I'm excited to share our information with you today. Speaker 2: Before we get started, of course, it's my duty to Speaker 2: point you to Speaker 2: the forward-looking statement. I won't go through it right now. I'm sure most of you who are on this call have seen this Speaker 2: many times. So, you know, take a minute at some point, perhaps later, to take a look at it and Speaker 2: review it. Speaker 2: I'd like to just, before I get started, I want to give you a little bit of history so that you have a context of this, of how we acquired this. Blue Goon Resources, we started from scratch just 2 years ago and started acquiring various Speaker 2: projects. Speaker 2: And 7 months ago, we brought in this main project called the Dome Mountain, Speaker 2: which we acquired 7 months ago. And it's very interesting how we acq...
