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Blue Lagoon Resources Hits 126 g/t Au and 404 g/t Ag at Chance Structural Zone
VANCOUVER, BC / ACCESSWIRE / September 19, 2022 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to announce significant
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / September 19, 2022 / Blue Lagoon Resources Inc. (the \"Company\") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to announce significant mineralized intercepts from the first holes of the Phase Two 2022 drill program on its all year-round and road accessible Dome Mountain Gold Project, located a short 50-minute drive from Smithers, British Columbia. Drill results include 126 g/t Au and 404 g/t Ag over 0.41 meters from the Chance Structural Zone (CSZ) in hole DM-22-247. \"While drilling the mineralized flat structural zone in the CSZ (\"Flat Chance\") we have encountered what we believe to be a new vein system of higher grade than those hosted in the Flat Chance Structure\", said Bill Cronk, Chief Geologist for Blue Lagoon Resources. \"The Flat Chance Structure has been drilled down dip for 400 meters and along strike for 200 meters and the structure has been hit in all holes so far. This structural zone ranges from less than 1 meter up to 15 meters thick which may host multiple gold mineralized veins and attendant alteration. Our drilling to extend along strike also intersected a new structure that lies orthogonal to the Flat Chance Structure and appears, at least initially, much higher grade, and offers another opportunity to develop additional mineralized resources at Dome Mountain.\" Figure 1 Drilling on the chance Structural Zone. Not a-a' cross sections for figure 3 As mentioned, the Flat Chance is a shallow-dipping to flat-lying structural zone extending at least 400 meters down dip at about 12°dip (Figure 2). Thickness of the structural zone ranges from 1 to 15 metres. Hole DM-22-247 (Figure 1 and Figure 3) was intended to target this structure but also encountered an upper vein which ran 126 grams/tonne gold and 404 grams/tonne silver over 0.41 meters (core length) and, along with other holes which have hit this structure, points to another mineralized structure which can be defined by drilling in the near future. Figure 2 Map shows drilling at Chance and highlights flat lying mineralized structure ( Fl;at Chance).Flat Chance is defined downdip and open along strike. Sufficient drilling has yet to be performed to delineate resource. Hole DM-22-247, 248 and 250 were all successful hitting the Flat Chance Structure as well as this new mineralized structure. (Figure 3). This new mineralized vein s...