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Blue Lagoon Resources Continues to Hit High Grade Gold -11.78 g/t Au and 39.9 g/t Ag Over 7.7 Meters
VANCOUVER, BC / ACCESSWIRE / May 9, 2022 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG) (FSE:7BL) (OTCQB:BLAGF) is pleased to announce that recent lab
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / May 9, 2022 / Blue Lagoon Resources Inc. (the \"Company\") (CSE:BLLG) (FSE:7BL) (OTCQB:BLAGF) is pleased to announce that recent lab results from its 2022 Phase One drill program have encountered more high-grade vein intercepts, the latest being from hole DM-22-232 at the Company's 100% owned, year-round accessible, Dome Mountain Gold Project located a short 50-minute drive from Smithers, B.C. Highlights from hole DM-22-232: 11.78 g/t Au and 39.9 g/t Ag over 7.70m including 15.50 g/t Au, 68.9 g/t Au over 3.07mand 38.61 g/t Au and 85.3 g/t Ag over 1.10m Hole DM-22-232, a 2022 Phase One follow-up hole, tested an area above a high-grade intercept of 14.8 g/t Au and 38.3 g/t Ag over 7.3 meters encountered in hole DM-21-224, the last hole drilled in the 2021 Phase Two drill program (news released February 2022). Hole DM-21-232 was drilled from a pad located 150 metres south of the pad from which hole DM-21-224 was drilled with the goal of confirming and offsetting the aforementioned high-grade intercept so that more follow-up holes could be designed (Figure 1). Hole 232 was drilled at an azimuth of 178 degrees and an inclination of 050 degrees. The mineralized intercept in hole DM-21-232 consists of quartz-carbonate sulfide veins containing up to 20% pyrite, local chalcopyrite up to 3%, and 1 % arsenopyrite overall. These veins are hosted in clay-altered crystal tuff containing 3-4% pyrite. Drilling in the Chance Structural Zone was designed to test this northwest trending structural zone for high-grade quartz carbonate veins. Multiple drill holes were drilled from individual drill pads at varying azimuths in order to test the boundaries of the structural zone. High-grade results from hole DM-22-232 confirm and offset those encountered in hole DM-21-224 and represent the southernmost significant intercepts encountered within the Chance Zone to date. Collectively, high-grade intercepts in holes DM-21-224 and DM-22-232 occur in an area where the eastern extension of the Boulder Vein System encounters the Chance Structural Zone. Follow-up holes are planned to further test this important area. Quinton Hennigh, Geologic/Technical Advisor to Crescat Capital, a strategic shareholder of Blue Lagoon Resources commented: \"Once again, drilling at the recently discovered Chance Structural Zone has generated impress...