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Blue Lagoon Resources Inc. develops the 100% owned Dome Mountain Gold Project near Smithers, British Columbia. The Canadian publicly listed mining company reports on the advancement of a high-grade gold project that has received a full mining permit in British Columbia, along with project-readiness work, exploration potential and investor outreach tied to the asset.
Recurring company news also covers capital actions, including private placements of common shares, units and warrants, as well as strategic participation by resource-sector investors and toll-milling relationships. Conference presentations and corporate updates typically frame Dome Mountain as the company’s central operating and financing focus.
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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.
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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.
Blue Lagoon Resources Inc. has announced promising drill results from its Dome Mountain Gold Project, revealing significant mineralized intercepts. Highlights include 124 g/t Au and 36.7 g/t Ag over 0.76 meters from the Argillite Vein and 31.67 g/t Au and 473 g/t Ag over 1.09 meters from the Boulder Vein. The Boulder Vein's length increased by over 200 meters, suggesting robust mineralization at depth. New drilling also revealed high-grade mineralization in the historic 9800 Zone with 14.2 g/t Au and 92.9 g/t Ag. These results enhance the project’s potential as a gold development target.
Blue Lagoon Resources Inc. has commenced its Phase Two 2022 drill program at the Dome Mountain Gold Project, aiming for at least 13,000 meters of diamond drilling. This phase follows a 20,000-meter program initiated in January 2022. The drilling will focus on the Chance Structural Zone, targeting high-grade gold and silver veins. In addition, 2,200 soil samples will be collected, and an IP program is set to identify deep conductors for further exploration. The company sees potential for outlining multiple resources at Dome Mountain.
Blue Lagoon Resources Inc. (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) announced encouraging results from its 2022 Phase One drill program at the Dome Mountain Gold Project. The latest drill hole, DM-22-232, intercepted high-grade gold and silver mineralization of 11.78 g/t Au and 39.9 g/t Ag over 7.70m. This confirmation follows a previously reported intercept of 14.8 g/t Au and 38.3 g/t Ag over 7.3 meters from an earlier drill hole. Future follow-up drilling is planned to further explore these promising veins. The mineralization is associated with carbonate alteration in quartz-carbonate veins.