Blue Lagoon Resources’ (CSE: BLLG; US-OTC: BLAGF) Dome Mountain gold project is the most recently permitted mine in British Columbia and it’s looking to start producing in July.
Through its investment of $30 million in the mine, and aided by the company’s financial discipline, Blue Lagoon only needs about another $3.5 million to start production, CEO Rana Vig says.
“We’re only one of nine projects to be permitted in the last 10 years in B.C., [and] two of those were coal so really we’re one of seven,” Vig said in an interview last month at the annual Prospectors and Developers Association of Canada convention in Toronto. “It’s very rare and we’re very proud to have achieved this accomplishment.”
Since it acquired the mine five years ago, the company has focused on developing infrastructure. The final item on its list before production is the water treatment plant.
Watch the full chat below with The Northern Miner’s western editor, Henry Lazenby:
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