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Blue Lagoon Resources Continues to Hit High Grade Gold Bearing Veins in Newly Discovered Chance Zone
VANCOUVER, BC / ACCESSWIRE / March 17, 2022 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG) (FSE:7BL) (OTCQB:BLAGF) is pleased to announce that recent a
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / March 17, 2022 / Blue Lagoon Resources Inc. (the \"Company\") (CSE:BLLG) (FSE:7BL) (OTCQB:BLAGF) is pleased to announce that recent assay results from the 2021 Phase Two drill program include new high-grade gold vein intercepts at the Company's 100% owned, year-round accessible, Dome Mountain Gold Project located a short 50-minute drive from Smithers, B.C. Results from Holes DM-21-188, DM-21-188A and DM-21-200 continue to show that the Chance Structural Zone contains multiple high grade gold bearing veins thus confirming it as a highly prospective target for aggressive follow up drilling in 2022. These holes intercepted sulfide-bearing quartz carbonate veins with strong alteration disseminated sulfide zones in the footwall. Highlights include: DM-21-200: 53.60 g/t Au and 55.46 g/t Ag over 0.55 meters within 33.08 g/t Au and 72.30 g/t Ag over 1.40 meters within 22.12 g/t Au and 47.95 g/t Ag over 2.14 meters. DM-21-188: 49.40 g/t Au and 56.90 g/t Ag over 0.32 meters followed 7.55 meters further down hole by 11.79 g/t Au and 61.50 g/t Ag over 0.47 meters. \"We are pleased to announce significant assay results once again for both gold and silver in new quartz carbonate veins drilled in the Chance Structural Zone. These sulfide-bearing veins are accompanied by intense alteration halos and bracketed by disseminated sulfide alteration which is unique to the Chance Structural Zone in the Dome Mountain Gold Project,\" stated Bill Cronk, Chief Geologist for Blue Lagoon Resources. \"Sheeted quartz carbonate veins with up to 30 veins per meter, intense carbonate alteration and significant base metal mineralization associated with high grade gold assays support the Alkali Gold Model,\" he added. \"During our 2021 Phase 2 drill program, the Chance Structural Zone was drilled with 29 holes from five different pads over a northwest to southeast strike length of 500 meters. From our most northwest pad, the Chance Structural Zone extends at least another one kilometer to the northwest,\" said Rana Vig, President and CEO of Blue Lagoon Resources. \"Every single pad drilled along this structural corridor in 2021 hit significant sulfide mineralization and we are very pleased to get such promising results back supporting our 2022 Chance Structural Zone exploration program, which is just one of several zones we are workin...