Blue Lagoon Resources Inc.
Climate Impact & Sustainability Data (2020, 2023)
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Medium-term Goals:
- Perform at least 10,000 meters of HQ diamond drilling; Continue field work with prospecting soil geochem coverage and ground geophysics; Exploration drilling on sufficiently defined soil/geophysical targets; Ongoing external relations with local and First Nations groups
Short-term Goals:
- Perform at least 13,000 meters of HQ diamond drilling; Maintain on-going field work including mapping and sampling; Perform Ground IP over as many targets as practical; Maintain contact and consultation with local and First Nations groups
Environmental Challenges
- Lack of detailed geologic knowledge
- Relatively sparse density data
- Uncertainty that resources will be converted to reserves
- Difficulty in deriving ‘modifying factors’ for the conversion of resources to reserves
- Uncertainty of sufficient financing to complete the proposed work program
- Potential impact of lower sustained gold price on resource size and grade
Mitigation Strategies
- More sampling, testing, design, and engineering
- Acquire more density data from available 2016 drill core and new drilling
- Additional diamond infill drilling
- Monitor and manage environmental impacts to maintain compliance with existing permits
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: NI 43-101
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental Management
- Reclamation and Closure
- Health and Safety
- Community Relations
Environmental Achievements
- Submitted Joint Mines Act / Environmental Management Act Permits Amendment Application (JMAEMA) for Dome Mountain Mine restart.
Social Achievements
- Engaged with Lake Babine Nation (LBN) during the permitting process.
Governance Achievements
- Completed two phases of diamond core drilling, confirming strong potential for resource expansion.
Climate Goals & Targets
Medium-term Goals:
- Define 1M+ oz gold resource along the Boulder Vein System.
Short-term Goals:
- Obtain necessary permits for mine restart.
Environmental Challenges
- Obtaining necessary permits for mine restart.
- Meeting regulatory requirements for environmental protection.
Mitigation Strategies
- Submitted comprehensive JMAEMA application addressing all regulatory requirements.
- Ongoing engagement with regulatory bodies and Indigenous communities.