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Blue Lagoon Provides Historical Details on Its Gordon Lake High Grade Gold Property in the Northwest Territories
VANCOUVER, BC / ACCESSWIRE / December 19, 2019 / Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE:BLLG)(FSE:7BL)(OTC:BLAGF) is pleased to provid
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / December 19, 2019 / Blue Lagoon Resources Inc. (\"Blue Lagoon\" or the \"Company\") (CSE:BLLG)(FSE:7BL)(OTC:BLAGF) is pleased to provide additional information with regards to the Company's newly optioned Gordon Lake Gold Project (the \"Property\") located 110 km north of Yellowknife. The Property consists of 2 contiguous mineral leases located 110 Km northeast of the town of Yellowknife in the Northwest Territories (NWT) of Canada. Historically, this territory of Canada produced some significant gold mines in Canadian history including the following: Con Mine (1938 - 2003), which became the first gold mine developed in the Northwest Territories and was located just south of Yellowknife and produced over 5 million ounces of gold. The \"Giant\" mine claims which lead to the production of 7 million ounces of gold and became one of the longest continuous gold mining operations in Canadian mining history. The Discovery Mine (1949 - 1969) located 84 kilometers northeast of Yellowknife produced one million ounces of gold. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property. About the Gordon Lake Gold Property The Gordon Lake property lies at the southern end of the Slave Structural Province within the Yellowknife Basin and is part of the Yellowknife Supergroup supracrustals (2.7 Ga) which form the bulk and core of the Yellowknife Basin and is situated along the eastern edge of a rift-like basin bounded by mafic volcanics. The exploration target on the Gordon Lake property is shear zone hosted gold mineralization. The minimum dimensions of the mineralized zones explored to date are 140m long, from 1m to 11m in width and a minimum depth of 215m. To date, approximately $2 million have been spent on the property and 17 zones of anomalous mineralization have been identified so far, with only three of those zones having been drilled. Figure 1 below shows a schematic longitudinal section showing the relationship between the Main, South and Union zones on the Gordon Lake property. This section represents about 800m of strike length between the Union Zone and the Main Zone. Drilling intersected visible gold throughout, and the mineralization is open along strike and at depth. Other areas of mineralized quartz veining and quartz...