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September 22, 2020 (ACCESSWIRE via COMTEX) —
VANCOUVER, BC / ACCESSWIRE / September 22, 2020 / Blue Lagoon Resources Inc. (the “Company”) (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) announces that, as a result of a review by the British Columbia Securities Commission the Company is issuing the following news release to clarify its technical disclosure with respect to the independently prepared technical report titled “Preliminary Economic Assessment Dome Mountain Mine British Columbia, Canada” dated July 13, 2020 (the “Dome Report”).
The BCSC staff have informed the Company that it has identified a number of examples where the Dome Report does not comply with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the requirements of Form 43-101F1 Technical Report (“Form 43-101F1”). As a result, the Company’s preliminary economic assessment is not supported by a compliant NI