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Blue Lagoon Sees Potential for 1M+ Ounces Gold Along Boulder Vein
Near-mine resource potential at Flat Chance and Forks-9800 Zone High-grade vein targets at Al...
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":"Blue Lagoon Sees Potential for 1M+ Ounces Gold Along Boulder VeinNear-mine resource potential at Flat Chance and Forks-9800 ZoneHigh-grade vein targets at Alpine now ready for drillingVANCOUVER, BC / ACCESSWIRE / May 24, 2023 / Blue Lagoon Resources Inc. (the \"Company\") (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) is pleased to provide a thorough interpretation of exploration results from recent work conducted at its 100% owned Dome Mountain Project, a short 50-minute drive from Smithers, British Columbia and accessible year-round.Potential of the Dome Mountain ProjectInterpretation of recent exploration results from Dome Mountain by the company's geologic team suggests the following:There is strong potential for defining 1M+ oz of gold along the Boulder Vein through systematic infill drilling.The recently discovered Flat Chance vein system and historic Forks-9800 Zone provide possible opportunities for significant near-mine resource additions.Historical assays from the Alpine area indicate good prospects for discovery of new high-grade veins.Dome Mountain ProjectThe Dome Mountain Project covers an historical area of precious metal bearing veins centred on the past-producing Dome gold-silver mine which exploited the Boulder Main vein (1989-1992). The Project area is predominantly underlain by the Lower to Middle Jurassic Hazelton Group Island arc assemblage. The Telkwa Formation, at the base of the Hazelton Group, is the thickest and most extensive formation. The Nilkitkwa Formation conformably to unconformably overlies the Telkwa Formation and is an important host for mineral occurrences.Almost 90,000 meters of drilling in 596 drill holes have been completed on the Property since 1985. Since 2020, the Company has completed 48,974 meters of drilling in 187 drill holes).Figure 1: Location of key areas of the Dome Mountain property Boulder Vein System ResourceThe Boulder Main Vein, as well as its subsidiary veins (Figure 2), are characterized by quartz with lesser carbonate and sulphide mineralization. Past deposit models considered the veins as mesothermal, but some characteristics of the deposit style suggest a quartz carbonate hosted base metal rich gold-silver vein system. Quartz-carbonate veins lacking sulphides are typically barren with respect to gold and silver. Quartz occurs both as white and massive or as clear and translucent and...