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Blue Lagoon's 2020 Drill Program Confirms Boulder Vein Open at Depth and Extends Further to the East
VANCOUVER, BC / ACCESSWIRE / January 7, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG); (FSE:7BL); (OTCQB:BLAGF) is pleased to report that recentl
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / January 7, 2021 / Blue Lagoon Resources Inc. (the \"Company\") (CSE:BLLG); (FSE:7BL); (OTCQB:BLAGF) is pleased to report that recently completed drilling on the Company's Dome Mountain Gold Project, shows potential to increase the extent of the known gold mineralization down dip from the current extent of the known resource based on deep mineralization encountered in hole DM-20-139 and, along strike to the east based on high grade gold intercepts in hole DM-20-114 (the furthest East mineralized intercept on the Boulder Vein completed on the project to date). \"The recently completed drill program was successful with regards to infill and, most significantly, proving the concept of the mineralized Boulder Vein continuing at depth and, along strike to the east.\" said Blue Lagoon Resources chief geologist, Bill Cronk. \"The high-grade intercepts in holes DM-20-139 and DM-20-114 offer near term prospectivity to increase the overall resource significantly, both at depth and along strike. Additionally, the intercept from hole DM-20-114 appears to be substantiated by a discreet Mag anomaly identified in our recently completed airborne Mag survey and offers a clear target for further drilling along strike to the east,\" he added. DM-20-139 was drilled vertically to a depth of 595.88 meters and intercepted the Boulder Vein at 338 meters and hit 3.13 meters running 17.69 g/t Au and 70.40 g/t Ag (including 0.65 meters running 48.4 g/t Au and 95 g/t Ag). This intercept is the deepest intercept to date on the Boulder Vein. The recently filed technical report (news released Dec 24, 2020) outlines the Boulder Vein as 1000 meters in strike length and 200 meters of down-dip extent. The high grade gold intercept in hole DM-20-139 is 150 meters deeper than the lowest elevation of the Boulder Resource (Figure 1). This hole proves the veracity of a mineralized down-dip exploration model and, the 2021 drilling program scheduled to commence on January 11 will prioritize further drilling at depth. Figure 1: Boulder Resource Section showing hole DM-20-139 pierce-point of the Boulder Vein at depth, relative to the modeled Boulder Vein Resource. Looking North Hole DM-20-114 intercepted 107 g/t Au and 278.5 g/t Ag over 1.42 meters including 165.3 g/t Au and 398 g/t Ag over 0.71 meters. This intercept provides for th...