Blue Lagoon Resources is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of gold and other minerals. The company is on track to own 100% of the Pellaire gold property located 160 km southwest of William's Lake in the Chilcotin range of south-central British Columbia. The Pellaire project covers over 4,400 hectares and is known to have 10 gold-bearing veins on the property.
The company also has an option to acquire an 80% interest in the Gordon Lake gold property, which consists of 2 contiguous mineral leases located 110 kilometers northeast of Yellowknife in the Northwest Territories of Canada - the home to some of the biggest past producing gold mines in Canada; Con Mine (1938-2003), was the first gold mine developed in the Northwest Territories and produced over 5 million ounces of gold; the “Giant” mine, which lead to the production of 7 million ounces of gold, became one of the longest continuous gold mining operations in Canadian mining history; the Discovery Mine, 84 kilometers northeast of Yellowknife operated between 1950 and 1969 and produced one million ounces of gold.
Additionally, the company owns 100% of the Golden Wonder Project located in west central British Columbia, in the Hazelton area. The property covers an area of approximately 7,327 hectares, approximately one kilometre south of the Yellowhead Highway, a major interprovincial highway in Western Canada.