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Blue Lagoon Resources Inc. (BLAGF) is a mining company based in Vancouver, BC, focused on the Dome Mountain gold project. The company recently achieved milestones in permitting and engagement with the Lake Babine Nation. With the signing of a mine restart agreement, Blue Lagoon Resources is dedicated to responsible mining practices and working in partnership with the Indigenous community to bring economic benefits to the region. The company closed an oversubscribed private placement offering, demonstrating confidence in the Dome Mountain Project's potential.
Blue Lagoon Resources announced the final results of its 2022 Phase II drilling program at the Dome Mountain Gold Project, located near Smithers, British Columbia. The program included 41 drill holes totaling 12,327 meters. Notable results from drill holes DM-22-280 and DM-22-283 revealed high-grade gold grades of 8.68 g/t Au and 7.28 g/t Au, respectively. Drilling targeted the Boulder Vein at depth and demonstrated significant mineralization potential. Quality assurance protocols were strictly followed, with analyses conducted by Activation Laboratories in Kamloops, BC. This data could positively influence future resource estimates and market performance for the stock symbol BLAGF.
Blue Lagoon Resources has announced promising drill results from its Dome Mountain Gold Project near Smithers, BC. The latest drill hole DM-22-273 revealed significant mineralization with intercepts of 11.02 g/t Au, 115.8 g/t Ag, and 2.31% Cu over 5.65 meters. This finding adds 250 meters of strike length and is the thickest encountered in over 40,000 meters of drilling. The company is initiating a follow-up drill program, anticipated to cover 5,000 meters, to further explore these high-grade extensions.
Overall, the 2022 Phase Two drill program consisted of 12,327 meters across 41 holes, underscoring the project's ongoing potential.
Blue Lagoon Resources Inc. announced results from its 2022 soil sampling program at the Dome Mountain Gold Project. The program identified priority target areas for follow-up in 2023, collecting 2,175 soil samples in new locations and infilling previous campaigns. Notably, elements like antimony, zinc, lead, and silver were associated with high gold values. The findings suggest cadmium may serve as a better pathfinder for drill hole targeting. Quality assurance measures were implemented throughout the sampling process, and follow-up targets have been generated for the upcoming field season.
Blue Lagoon Resources Inc. (OTCQB: BLAGF) announced promising drill results from its Dome Mountain Gold Project, highlighting intercepts of 126 g/t gold and 404 g/t silver over 0.41 meters in hole DM-22-247. The Phase Two 2022 drill program identified a potential new high-grade vein structure, further extending existing mineralized zones. A second drill has been added, and ongoing soil sampling, with 2,453 samples collected, will enhance resource definition. Results for 53% of the samples are pending, expected by mid-October.
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