Blue Lagoon Announces Results of 2021 Soil Sampling Program – Identifies New Areas for Priority Monitoring in 2022 | 2022-01-20 | Press Releases

VANCOUVER, BC/ACCESSWIRE/January 20, 2022/Blue Lagoon Resources Inc. (the “Company“) (CSE: BLLG) (FSE: 7BL) (OTCQB: BLAGF) is pleased to announce the results of its 2021 soil sampling program conducted at its Dome Mountain Gold Project – a year-round accessible property located 50 minute drive from Smithers, BC.

The Company’s 2021 soil sampling program identified strong anomalous zones of gold, zinc and copper in soils in a number of new areas that warrant follow-up during the exploration program of 2022 of the Company.

“The soil sampling program was remarkably successful in that we identified multiple gold anomalies in the soils as well as strong multi-element associations with gold. The most anomalous elements (Zn, Cu , As, Mo, Pb, etc.) that we see associated with gold, the higher the degree of confidence we have in an underlying mineralized system, allowing us to immediately prioritize our follow-up program” “A very anomalous zone of zinc northwest of Freegold is particularly interesting because the values ​​here are very high and dwarf the zinc values ​​observed in soils associated with the system,” said Bill Cronk, chief geologist at Blue Lagoon Resources. known from Boulder vein where the gold in the present resource has a very close correlation with high zinc. fundamental values.”

A total of 4216 soils have been collected from the Dome Mountain property since 2020, of which 3167 samples were collected in 2021 (Figure 1).

Anomalous precursor elements associated with gold anomalies in the soil at Freegold (including antimony, copper, molybdenum, zinc, lead, mercury, bismuth, uranium and silver) have were drilled in the first part of the 2021 Phase 2 program and high-grade gold was intersected as planned (see press release dated December 7, 2021).Further drilling at Freegold is currently on hold pending the completion of ground-based Deep IP and CSAMT, which are expected to be completed by mid-February 2022.

Anomalous precursor elements associated with high gold values ​​in Boulder Vein include antimony, zinc, lead and silver. Noranda first drilled the Boulder Vein system at Dome Mountain in 1985 based on zinc anomalies in the ground. After more than 40,000 meters of core drilling on the Boulder vein, zinc is considered the first precursor element at Dome Mountain.

Figure 1 Map showing soil samples taken from the Dome Mountain Project showing samples taken in 2020 (black) and samples taken in 2021 (yellow).

Figure 2 shows multi-element results for soils sampled northwest of the Freegold showing and along a strong northwest trending magnetic anomaly. Soil lines are spaced 400 meters apart and samples are taken along the line at 25 or 50 meter spacing. The zinc anomaly is the largest on the property to date with gold and contains anomalous precursor elements including copper, molybdenum, arsenic and antimony. Once snow-free conditions are achieved in 2022, this target will be followed by infill and prospecting to progress to the drill target stage.

Figure 2 Map highlighting anomalous areas northwest of Freegold. Highest zinc values ​​in soils on property up to 5610 ppm. 15ppb Au and above is in the 95and percentile of abnormal values.

Figure 3 shows the soil results in the southwestern part of the project area. Solid gold in the soils has been found and anomalous precursor elements associated with the targets (molybdenum, copper, arsenic and antimony) highlight areas requiring further work to develop near-term drill targets.

picture 3

The soil sampling program planned for 2022 will build on the Company’s previous programs and will continue into early summer with a minimum of 2,500 samples expected to be collected as part of the follow-up to the 2020-2021 program. and as first pass exploration on parts of the land package that remains to be explored.

QUALITY ASSURANCE AND CONTROL

The company submitted 3,167 soil samples for analysis that were collected from the Dome Mountain Gold Project at the end of 2021. 329 of these samples were QAQC samples inserted into the sample stream to maintain a 10% QAQC program consisting of standards, blanks and field duplicates. The sample lines selected for the survey were based on known locations of underlying gold mineralization and/or structural interpretations based on the 2020 airborne survey.

EXAMPLES OF PROTOCOLS

Soil samples were taken using two-man teams equipped with Geotools and a shovel. Samples were taken from the B horizon at a depth ranging from 10 cm to 90 cm. The average depth of the sample taken was 32 cm. Sample spacing along lines varied from 25 meters to 50 meters depending on location and target, with line spacing varying from 200 meters to 400 meters.

Sampling data collected at the sampling locations included UTM location, sample depth, color, moisture content, texture (sand, silt, clay) and percent, angularity and pebble and/or cobble lithology. The samples taken were approximately 1 kilogram of material and were placed in a white soil sample bag. Wet samples were additionally placed in 1000ml plastic zipper bags to avoid contamination. At the end of the day, all samples were placed inside the company’s workshop on a rack and allowed to dry for at least a week before being shipped to ALS in North Vancouver, BC . The samples remained in a safe place until they were shipped to Vancouver.

Sample preparation at the ALS used the Prep 41 method (dry and screened at -80 mesh) and followed gold analysis by the Au-AA24 method (by fire assay) and 48 elements by the ME method -MS61, (four-acid digestion with ICP-MS finish).

The scientific and technical data contained in this press release has been approved by William Cronk, P.Geo., a qualified person as defined in NI 43-101 and a consultant to the Company.

For more information, please contact:

Rana Vig

President and CEO

Officer’s Phone: 604-218-4766

Email: [email protected]

The CSE has not reviewed and accepts no responsibility for the adequacy or accuracy of this release.

Statement Regarding Forward-Looking Information: This release includes certain statements that may be considered “forward-looking statements.” All statements contained in this release, other than statements of historical facts, which address events or developments that Blue Lagoon Resources Inc. (the “Company”) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “should”, “could”, “might” or “should” occur. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include results of exploration activities which may not show the quality and quantity necessary for further exploration or exploitation of mineral deposits. , gold and silver price volatility and the continued availability of capital and financing, clearances and other approvals, and general economic, market or business conditions. Investors are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management as of the date the statements are made. Except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

THE SOURCE: Blue Lagoon Resources Inc.

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https://www.accesswire.com/684823/Blue-Lagoon-Announces-Results-Of-2021-Soils-Sampling-Program–Identifies-New-Zones-For-Priority-Follow-Up-In-2022

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