Blue Lagoon Resources (CSE: BLLG) this morning released its latest round of assay results from its flagship Dome Mountain Gold Project, found in British Columbia. The results come from the firms phase two drill program conducted in 2021.
Assays from a total of three holes were released, which were focused on exploring the Chance Structural Zone at the property. Results from the program confirm that the zone remains a highly prospective target for follow up drilling, which is slated to occur this year.
Results from the assays this morning include:
- DM-21-188: 49.40 g/t gold and 56.87 g/t silver over 0.32 metres, 11.79 g/t gold and 61.50 g/t silver over 0.47 metres, 4.03 g/t gold and 8.20 g/t silver over 1.00 metre
- DM-21-188A: 1.96 g/t gold and 5.90 g/t silver over 6.00 metres
- DM-21-200: 22.12 g/t gold and 47.95 g/t silver over 2.14 metres, 53.60 g/t gold and 55.46 g/t silver over 0.55 metres
Results from the program continue to support the thesis that the Dome Mountain property consists of a carbonate-base metal-gold deposit, which is also referred to as an alkali gold deposit.
A significant amount of assays remain outstanding, with the company still awaiting results from 27 holes completed during the 2021 phase two program, while a further 16 holes from the 2022 program are also outstanding.
Blue Lagoon Resources last traded at $0.64 on the CSE.
FULL DISCLOSURE: Blue Lagoon Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Blue Lagoon Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
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