Business
Blue Lagoon Outlines Exploration Potential On Its Dome Mountain Project
VANCOUVER, BC / ACCESSWIRE / May 4, 2020 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG) (FSE:7BL) (OTCQB:BLAGF) is pleased to provide shareholders and
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / May 4, 2020 / Blue Lagoon Resources Inc. (the \"Company\") (CSE:BLLG) (FSE:7BL) (OTCQB:BLAGF) is pleased to provide shareholders and investors further information on the exploration potential on its high-grade gold property - the Dome Mountain Gold Mine Project (\"the Property\"), located a short 50 minute drive from the town of Smithers, in northwestern British Columbia. The Property consists of 41contiguous claims and one mining lease and offers a near term opportunity to drill already defined high grade gold targets. Drilling these targets would serve to expand the mineralized deposit area that would be included in a mineral resource estimation, as well as infill between previous drill holes to better define the high-grade vein systems. All of the vein targets located within the Dome Mountain Project Property are mesothermal, orogenic, quartz-carbonate-sulphide veins that occur within folded fragmental volcanic rocks of the Telkwa Formation (lower Jurassic) and amygdaloidal basalts and altered volcanic rocks of the Nilkitkwa Formation. Priority Vein Targets For Further Exploration Include: The Boulder Vein Resource. The Boulder vein(s) is the most developed vein at Dome Mountain. It is open at depth and along strike to both the east and to the west. Step-out drilling in 2016 hit the Boulder Vein 400m west of the current mine face. Infill drilling is planned to bring to increase confidence on the definition, quantity and grade of the gold mineralization within the vein. The company is currently designing this infill program and is expected to start on the drill program sometime in June 2020. The Forks Gold Veins: Located 500 meters south of the Boulder Veins gold deposit. From 1985-87 work done by Noranda included 16 diamond drill holes on the Forks Gold target and outlined a historical resource of 20,000 tonnes at a grade of 23.6 g/t gold and remains open along strike and at depth (BCGS Geological Fieldwork 1986, Paper 1987-1, Page 212, Babine Project), (Roscoe Postle Associates Inc., Dec 20, 1993, Report on Dome Mountain Project for Habsburg Resources Inc., Page 19). The Forks Gold target is a flat lying, sheared and altered quartz breccia vein structure with a thickness of up to 12 meters. This vein structure is open along strike and at depth. The Company is not treating the above historical es...