Blue Lagoon Resources CSE: BLLG OTC: BLAGF FSE: 7BL Unlocking shareholder value with a multi-project strategy.
CAUTIONARY STATEMENT This presentation includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company might believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration and exploitation of minerals deposits, market prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
ABOUT Blue Lagoon Resources is a junior mining company that explores for gold in highly prospective and tested properties. The company has the rights to two gold-bearing sites in Canada: the Pellaire Property and Golden Wonder. Geological surveys have found high concentrations of gold at the sites, which when combined with strong gold prices, positions the company well to unlock value for shareholders.
WHY GOLD? GLOBAL ECONOMIC TRENDS 2019 witnessed strength in the price of gold, which rose 16% from January to October. The gains were driven by large gold purchases by central banks (up to 224 tones in a single quarter). Some analysts are predicting gold could go as high as $10,000. Even with more modest gains, the profitability of mining operations will increase significantly. 16 % Price increase in gold between January and October 2019. $5,000 Price target for gold to (source: Peter Schiff, Euro Pacific Capital). $10,000 224 Amount of gold purchased by central banks between April and June 2019 — a 19 year high. tons
FIGURE 1: 2019 – BULLISHNESS ON GOLD 5 year high
BLUE LAGOON PROPERTIES: GOLDEN WONDER PROPERTY LOCATION: Western British Columbia, Canada LAND POSITION: Five contiguous mineral claims that cover 7,000 hectares. SURVEY RESULTS: Some individual samples revealed concentrations as high as 5.8 grams per ton. 22 of 85 soil samples returned 0.5 grams of gold per ton. PROGRESS TO DATE: Phase 1 of exploration consisted of ground magnetic surveys, soil and rock sampling, geological mapping, and prospecting.
“Gold’s going to go quite a bit higher than $5000” - Peter Schiff Chief Global Strategist, Euro Pacific Capital
BLUE LAGOON PROPERTIES: PELLAIRE PROPERTY A DRIVE TO: Gold project located 220 kilometers due north of Vancouver and 160 kilometers southwest of Williams Lake POSITION: Over 17,000 acres (7,119 hectares) SURVEY RESULTS: A 1947 study showed 0.61 ounces of gold per ton of soil. More recent studies indicate 800,000 tons at a concentration of 1.2 ounces per ton. PROGRESS TO DATE: Approximately 1,400m of underground development completed.
FIGURE 2: PELLAIRE GOLD PROPERTY LOCATION British Columbia CANADA
PELLAIRE Drill-ready, high-grade gold property with million ounce plus gold potential. The targets at the Pellaire Property are gold-bearing quartz veins with high grade gold potential. These veins are located in Pellaire Ridge, part of a mountain range in Western British Columbia. The veins are exposed along the Pellaire Ridge Crest and range from 100 to over 300 meters in length. The thickness of the veins varies from 0.3 to 7.7 meters.
PELLAIRE WORK SITE 20 MAN CAMP & HEAVY EQUIPMENT
PROGRESS AT THE DRILL-READY PELLAIRE RIDGE PROJECT • Work at the site has identified 10 mineralized gold and silver bearing quartz veins. • Strike lengths vary from 100 to 300 meters; thickness varies from 0.3 to 7.7 meters. • Recent sampling has found gold concentrations as high as 1.2 ounces per ton. • Silver concentrations as high as 1,345 grams per ton were found in a report by Canada’s British Columbia Ministry of Mines. • 65,000 tons of rock was removed from the Number Three vein as a bulk sample. 25,000 tons of material remain to be tested and processed, giving the company a good opportunity to potentially generate cash in the future without dilution. • Approximately 1,400 meters of underground development has been completed since 1936.
MANAGEMENT RANA VIG CEO AND DIRECTOR 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, serving first as an executive at an industry leading algorithmic securities trading systems company and then of an award winning automated referral marketing solutions company that powered loyalty and referral marketing programs across 39 countries for brands including AT&T, Sprint, Telus, Envision Financial and others. 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 Inc., a TSX senior board exploration company with a focus on advancing one of the largest uranium projects in the world, located in Sweden. Mr. Vig is a former chair of BC Open Learning Agency, and serves on several public company boards and committees. He is active in many charitable and community organizations acting as director or advisor. 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.
MANAGEMENT BILL CRONK CHIEF GEOLOGIST 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.
MANAGEMENT NORMAN BREWSTER DIRECTOR Mr. Brewster is the President, Director and CEO of Cadillac Ventures Inc., with development projects in Ontario (copper) and New Brunswick (tungsten). Mr. Brewster has served on many public and private company boards over his career in the mineral industry. Prior to joining Cadillac Ventures Inc., Mr. Brewster was the interim President and Executive Chairman of Iberian Minerals Corp., successfully financing, developing and putting into production the Aguas Tenidas Mine in Andalucia, Spain, which became the region’s largest employer. During his tenure Mr. Brewster led negotiations for the purchase of the Condestable Mine in Peru by Iberian Minerals Corp., and as a final duty Mr. Brewster led a committee in reviewing the successful bid by Trafigura Group Pte. Ltd. (revenue in 2015 of 97 Bn) to acquire Iberian Minerals Corp., in an all cash takeover. Mr. Brewster also sat on a committee, as a Director of Spider Resources Inc., which reviewed the successful all cash acquisition of Spider Resources Inc., by Cliffs Natural Resources Inc. Mr. Brewster holds Bachelor of Science and Education Degrees from Acadia University and was approved as a Member of the Association of Geoscientists of Ontario.
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