VANCOUVER, BC / ACCESSWIRE / December 24, 2020 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) is pleased to announce that it has filed an updated technical report on the
473,890
The Technical Report updates and replaces the mineral resource estimates disclosed in the prior technical report filed by the Company entitled Preliminary Economic Assessment Dome Mountain Mine British Columba, Canada dated July 13, 2020 (the Prior Report ), which was retracted by news release dated September 22, 2020 following a technical disclosure review by the BCSC. The Prior Report disclosed an indicated resource of 78,260 oz Au and 405,783 oz Ag and an inferred resource of 128,173 oz Au and 472,554 oz Ag. Differences in resources between the Technical Report and the Prior Report are due primarily to applying a cut-off grade of 3.42 g/t Au to both the gold and silver resource blocks, applying only the cut and fill resource model and, reducing the Boulder and Boulder East grade cap from 89.69 to 69.38 gold g/t.