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High Grade Gold Intercepts Unearthed in BC

Stockhouse Editorial
0 Comments| May 10, 2022

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(Image via Blue Lagoon Resources Inc. Click to enlarge.)

Engaged in the exploration of mineral properties in Canada, Blue Lagoon Resources Inc. (CSE: BLLG, Forum) announced this week that recent lab results from its 2022 Phase One drill program have encountered more high-grade vein intercepts at its Dome Mountain Gold Project located a short 50-minute drive from Smithers, BC.

The latest being from hole DM-22-232, which highlighted: 11.78 g/t Au and 39.9 g/t Ag over 7.70 metres including 15.50 g/t Au, 68.9 g/t Au over 3.07 metres and 38.61 g/t Au and 85.3 g/t Ag over 1.10 metre.

Hole DM-22-232 is a 2022 Phase One follow-up hole and was tested an area above a high-grade intercept of 14.8 g/t Au and 38.3 g/t Ag over 7.3 meters encountered in hole DM-21-224, the last hole drilled in the 2021 Phase Two drill program.

Crescat Capital is a strategic shareholder of Blue Lagoon Resources, it’s Geologic / Technical Advisor Quinton Hennigh commented in a media release on this news that, once again, drilling at the recently discovered Chance Structural Zone has generated impressive high-grade results for the company.

“The 7.7 meters intercept of 11.8 g/t Au and 39.9 g/t Ag in hole DM-22-232 occurs near a previous intercept of 7.3 meters grading 14.8 g/t Au and 38.3 g/t Ag in hole DM-21-224 announced earlier this year. Given this structure appears to be steeply dipping, it appears that the true width of this gold rich structure is perhaps 70-75% the length of the reported drill intercept, so approximately 5.0-6.0 meters, a very impressive width. I am very happy that the Company plans aggressive follow up drilling on this vein hosting structure. Every indication points to this being a carbonate-base metal-gold system, a subset of the family of alkaline gold deposits. Such systems are typically deep-rooted and related to underlying magmatic processes. It is imperative to evaluate this discovery along strike and to depth. It is exciting to watch this new discovery unfold.”

The company made news recently when it released lab results from its 2021 Phase Two program, which encountered high-grade vein intercepts, some with visible gold at Dome Mountain.

Highlights:

  • 16.8 g/t Au over 0.42 meters, 22.12 g/t Au over 2.14 meters and 33.08 g/t Au over 1.40 meter in hole DM-21-200
  • 10.51 g/t Au over 1.05 metre and 14.49 g/t Au over 1.91 metre in hole DM-21-206 with visible gold

The company’s Chief Geologist, Bill Cronk said that the significance of these intercepts cannot be understated.

“Most holes drilled thus far have encountered multiple high-grade veins highlighting the fact that there are many new veins for follow up within the prolific newly identified Chance Structural Zone. Only about 1/3 of the strike of this zone has been tested and every single pad drilled to date has resulted in significant gold intercepts.”

For full details on these results, click here.


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