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Blue Lagoon Resources Continues To Hit More Gold at Dome Mountain
VANCOUVER, BC / ACCESSWIRE / December 7, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG) (FSE:7BL) (OTCQB:BLAGF) is pleased to announce new high-gr
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / December 7, 2021 / Blue Lagoon Resources Inc. (the \"Company\") (CSE:BLLG) (FSE:7BL) (OTCQB:BLAGF) is pleased to announce new high-grade gold results from its on-going diamond drilling program at its 100% controlled Dome Mountain Gold Project, an all-year-round accessible property located a short 50-minute drive from Smither B.C. To date, the Company has completed 20,627 meters of diamond drilling since the commencement of the 2021 drilling program announced on January 11, 2021 (Table 2). Phase One drilling, completed earlier this year, encompassed 7,176.5 meters in 32 holes, and to date, 49 holes totaling 13,446.5 meters have been drilled as part of the Company's Phase Two program. Drilling is ongoing with two diamond drills operating around the clock and will continue until on or about December 15, 2021 and will recommence in early January 2022. Due to exceptionally slow lab turn-around times, an industry wide problem, the Company is waiting for assay results from more than 30 holes. Highlights of the most recent assay results (Table 1) include: Hole DM-21-177*: 47.09 g/t Au eq over 0.65 m 8.05 g/t Au eq over 1.37 m 7.71 g/t Au eq over 3.55 m 20.30 g/t Au eq over 0.75 m 9.22 g/t Au eq over 0.80 m Hole DM-21-178: 14.20 g/t Au eq over 1.28 m 27.70 g/t Au eq over 0.50 m 11.51 g/t Au eq over 0.65 m Hole DM-21-186: 20.55 g/t Au eq over 0.37 m 23.81 g/t Au eq over 0.60 m * Announced in a press release dated September 22, 2021 Quinton Hennigh, Director of Crescat Capital, a strategic shareholder of Blue Lagoon, commented \"It is quite promising that the first exploration hole into the new Chance Structural Zone (\"CSZ\") has returned high-grade vein intercepts. High-grade veins have now been found over an area of approximately 2 sq km across the core part of the project. With over thirty holes in the lab for assay, many of which display multiple vein intercepts in the CSZ and Federal Zones, it will be exciting to see how this story unfolds.\" Results for 11 new holes have been returned since previous results were announced in a press release dated September 22, 2021 (Table 1). As discussed in that press release, hole DM-21-186 was the first hole completed in the newly identified CSZ and encountered narrow and steeply dipping quartz-sulfide veins in country rock displaying disseminated sulfide mineralizat...