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Blue Lagoon Announces Results of 2022 Ground IP and CSAMT Survey on Its Dome Mountain Gold Project
VANCOUVER, BC / ACCESSWIRE / January 5, 2023 / Blue Lagoon Resources Inc. (the " Company ") (CSE...
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":"Blue Lagoon Announces Results of 2022 Ground IP and CSAMT Survey on Its Dome Mountain Gold ProjectVANCOUVER, BC / ACCESSWIRE / January 5, 2023 / Blue Lagoon Resources Inc. (the \"Company\") (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) is pleased to announce the results from its 2022 ground IP and CSAMT Survey program completed on its Dome Mountain Gold Project - an all-year-round accessible property located a short 50-minute drive from Smithers, BC.The Company's 2022 ground geophysical program was designed to test for IP and/or CSAMT responses over known mineralization as well as to identify untested targets for drill follow-up.The 2022 program consisted of 6 traverses of IP totaling 18.9 line kilometers and 3 traverses of CSAMT totaling 11.4 line kilometers. Figure 1 shows the lines completed for IP. CSAMT was completed on the same central lines as IP (namely lines 3,4 and 5) to test for the best response technique.Results show that IP generally works as good or better than CSAMT at Dome, and specifically in response to the steeply dipping mineralized structure(s) of the Boulder Vein System.Figures 2 and 3 show a plan of IP Resistivity over all six lines (Figure 2) and a more focused plan of the central part of the area including infrastructure and location of drill hole DM-22-273 (Figure 3).Hole DM-22-273 was drilled into the steeply dipping Resistivity anomaly to test for deep mineralization on the Boulder Vein at least 200 meters below the current resource level of the Boulder Vein resource (see press release February 10, 2022). The hole was successful in hitting the deeper and untested portion of the Boulder Vein and included a pyrite mineralized quartz breccia zone at 290 meters depth (7-10% pyrite with trace bornite and chalcopyrite). Between 295 m - 308 m a series of quartz veins were intercepted containing pyrite (13-20%), chalcopyrite (5-7%) and sphalerite (0.5 -3%). This is a significant mineralized zone (over 16 m thick) in the deeper Boulder Vein and sits in strong correlation to the modeled Ground IP section in Figure 4.This mineralization sits within an overall steeply dipping structure at least 20 meters thick.Results are pending for samples submitted from hole DM-22-273 however, a diamond drill rig is sitting at this collar location now and follow up drilling of this intercept (down dip and along strike) will be the first p...