February 6, 2025
Projects
Dome Mountain Gold Mine
Flagship operation
Dome Mountain: Producing today. Exploring for growth.
The Dome Mountain Gold Mine is Blue Lagoon Resources’ 100% owned underground gold and silver operation near Smithers, British Columbia. The mine is centred on the Boulder Vein, originally discovered by Noranda in the mid-1980s. Accessible by road year-round, Dome Mountain achieved commercial production in May 2026. Mineralized material is processed at Nicola Mining’s facility near Merritt, with concentrate sold through Ocean Partners.
The producing mine sits within an approximately 22,000-hectare property hosting 15 known gold-bearing veins. Exploration has focused primarily on the Boulder vein system, leaving much of the broader property underexplored. Blue Lagoon is advancing production while pursuing opportunities for resource expansion and new discoveries through its current drilling program.
Milestones
2026 · Production and exploration advance
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July 9, 2025
Celebrated the official opening of Dome Mountain Gold Mine.
September 15, 2025
Announced commissioning of the MBBR water treatment system and commencement of underground operations.
September 25, 2025
Completed the first underground blast, marking the start of active mining operations.
September 29, 2025
Extended the Nicola Mining milling agreement to a 10-year term.
November 5, 2025
Selected for PDAC’s 2026 Sustainability Award, following nomination by the Lake Babine Nation.
December 15, 2025
Reported delivery of the first 1,000 tonnes of mineralized material to Nicola Mining.
December 30, 2025
Announced the first gold and silver sale related to Dome Mountain production, with an expected advance payment of approximately C$970,000, subject to processing and final settlement.
February 20, 2026
Milling underway
Blue Lagoon confirmed that processing of Dome Mountain material had commenced at Nicola Mining’s mill, establishing the processing stage of the mine-to-market operation.
March 3, 2026
PDAC Sustainability Award received
Blue Lagoon received the 2026 PDAC Sustainability Award, recognizing its environmental stewardship and partnership with the Lake Babine Nation.
April 17, 2026
Production and operating capacity expanded
Blue Lagoon reported consistent underground production of 100 tonnes per day, engaged a second mining contractor and doubled the underground production crew. A local fire assay laboratory near Smithers also became operational to support grade control and mine planning.
May 19, 2026
Commercial production achieved
Blue Lagoon declared commercial production at Dome Mountain, marking its transition into a commercial gold and silver producer.
July 17, 2026
Mining reached 125 tonnes per day
Blue Lagoon reported underground production of 125 tonnes per day and more than C$10 million in cumulative provisional payments from gold and silver sales. Continued reinvestment supported additional working faces and site infrastructure.
August 10, 2026
Strategic investment announced
Blue Lagoon entered into agreements for a C$10 million investment from Nicola Mining and Ocean Partners, with each partner committing C$5 million. The announced investment comprised common shares with no warrants and was intended to accelerate underground development and exploration while preserving working capital.
September 29, 2026
Exploration drilling commenced
Blue Lagoon announced the start of its 10,000-metre Phase One drill program, targeting potential resource expansion and priority exploration targets across the broader Dome Mountain property.
October 15, 2026
First finalized gold and silver results
Final assays and settlement confirmed approximately 992 ounces of gold and 4,181 ounces of silver in the first three concentrate lots. Approximately 875 additional dry tonnes of concentrate had been shipped through September 30 and were awaiting final assays and settlement. Separately, cumulative provisional payments across applicable shipments reached approximately C$16.5 million. These payments remain adjustable, are unaudited and before costs, and do not indicate profitability.
Highlights of the Dome Mountain Gold Project and the Dome Mountain Gold Mine
(also refer to maps further below)
- Ownership: 100% Blue Lagoon Resources, a company with absolute focus in BC, Canada.
- Property size: 21,541 ha.; 26 claims.
- BC Government Ministry of Mines and Critical Minerals recently permitted the re-opening of the underground Mine (Mine Permit 237, February 2025)
- Mining Permit provides for initially up to 55,000 tonnes mined / annum.
- Gold production commenced in Q4 2025.
- Milling agreement in place with Nicola Mining Inc., operating an existing milling and tailings facilities near Merritt, BC.
- Estimated recovery of 15,000 ounces of gold per year *
- Full support by Lake Babine First Nation. Strong local community support.
- Quality and experienced Mining Contractors in place; Roughstock Mining Services & Cobra Mining and Excavating Ltd.
- Environmentally-friendly waste storage inside the underground mine.
- A relatively very low Pre-production Capex was spent by Blue Lagoon on time and under budget, mainly in the Mine Water Treatment Plant and local infrastructure.
- The Property has seen more than $80 million spent since discovery by Noranda in 1985, inclusive of $30+ million by Blue Lagoon since acquisition in 2019.
- High-grade (Au, minor Ag) quartz carbonate, sulphide veins, mainly hosted by volcanoclastic rocks; being explored as an Alkali Gold System. Significant strike length.
- The principal zone of high-grade gold-silver mineralization is known as the Boulder Vein System, comprising the Boulder, Boulder East, and Argillite veins.
- Significant blue-sky exploration and development potential. Although the Property has 15 known high-grade gold veins, 90% of the claims are still underexplored.
- The veins occur within a 55-70° dipping deformation zone, averaging 10 metres or less. Only the Boulder Vein System is relatively well explored to date.
- Two new discoveries in 2021 drilling by Blue Lagoon Resources. The Chance prospect is a nearby (~500 metres) shallow-dipping structural system with associated gold+/-silver vein mineralization. The current drilling defines a 400m x 400m zone with additional strike potential. Drilling in the Federal Clearcut area intersected extensive sulfide mineralization but, so far, only minor precious metal grades.
- The historical Forks area represents another nearby (<1km) vein system with gold-silver potential.
- Airborne geophysics (magnetics, radiometrics and EM) coverage, flown in 2020 by Blue Lagoon, shows high mag contrast and anomalous conductors for follow-up work including soils, prospecting, and mapping
- Only 6 of the 15 known gold veins and two airborne magnetic targets have been tested by Blue Lagoon to date. New targets generated, apart of geophysics, by collection of 4,000+ soil samples.
- Total drilling over the Property: 596 holes (including 43 underground holes) totalling 89981.66 metres. Average depth of surface drill holes is approximately 160 metres. Blue Lagoon has drilled:
- 2020: 26 holes for 3,786 metres
- 2021: 85 holes for 22,690.79 metres
- 2022: 66 holes for 19,552.07 metres
- 2023: 10 holes for 2,908.80 metres
- In 2022, an independent Mineral Resource Estimate (“MRE”) was prepared by Arseneau Consulting Services (January 31, 2022, NI 43-101 Technical Report filed at SEDAR) over the central part of the Boulder Vein system showing:
45,000 oz Au (Measured) at 10.32 g/t; 173,000 oz Au (Indicated) at 8.15 g/t; 16,000 oz Au (Inferred) at 6.02 g/t Plus 250,000 oz Ag (Measured) at 57.31 g/t; 876,000 oz Ag (Indicated) at 41.19 g/t; 71,000 oz Ag (Inferred) at 26.13 g/t (using a 3.5g/t Au cut-off that applies to the Boulder vein system only)
- Mineralization at the Boulder vein system is still open to all directions. A number of holes have intersected the Boulder and the Argillite veins, east, west and down-dip, since the 2022 MRE. Infill drilling is planned to bring additional ounces of gold and silver into the MRE.
- Grab rock samples and drill intersections from sporadic drilling over veins and brecciated areas other than the Boulder vein, show grades up to 1,215 g/t gold (Au), and up to 1,809 g/t silver (Ag).
Geology Notes
The Boulder Vein is a structurally controlled quartz carbonate vein system with variable sulfide composition up to and over 20% combined pyrite, sphalerite, galena and chalcopyrite. The immediate host rock is basaltic andesite of the Jurassic aged Telkwa Formation consisting of volcanic and volcanic fragmental flows and tuffs. The entire sequence lies within the Babine Range which is a northwest trending horst of folded and faulted Jurassic and Cretaceous volcanic and sedimentary rocks, known as the Hazelton Group. This is bounded to the west and east by grabens of Late Cretaceous and younger rocks. Locally the Hazelton Group rocks are intruded by rocks of the Early Cretaceous Bulkley Plutonic and the Eocene Nanika Plutonic suites.
For details on the various drilling phases of both the Boulder Vein but also other peripheral target veins and specific DDH mineralization intersections, one should refer to the corporate news releases on drilling campaigns between 2020 and 2023.
The Freegold veins are high grade gold bearing quartz carbonate veins with up to 40% sulfide content. These cut both the volcanic rocks of the Telkwa Formation and a quartz monzonite intrusion centrally located on a magnetic low within a larger circular magnetic high as defined by the 2020 airborne geophysical survey. Recent work has shown that this system of mineralization could very well be structurally controlled, carbonate hosted, base metal rich gold mineralization similar to Cowal Lake Gold deposit (NSW Australia) or Buritica in Colombia. Additional drilling into the intrusive has demonstrated porphyry-style mineralization potential with appreciable zones of molybdenum mineralization.
The 2020 heliborne airborne survey at 100-meter line spacing (Figure 6, 7) highlighted a very strong northwest trending mag signature, which shows high contrast to surrounding rocks and abundant targets for further prospecting and drilling. There is very little outcrop available along this 12-kilometer trend and prospecting and soil sampling will be used to define priority drill targets. Off sets and linear show high potential for defining structural controlled type gold targets. In addition, five high priority targets were defined as potential copper porphyry targets and are considered near drill ready.
Read the Dome Mountain technical report.
Independent NI 43-101 technical report (2022).