Blue Lagoon Resources Inc. - Chief Geologist, Bill Cronk.
Chief Geologist, Bill Cronk.
Source: LinkedIn/Bill Cronk
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  • Blue Lagoon Resources Inc. (BLLG) found significant copper-gold-silver intercepts on its Mountain Gold Project in British Columbia
  • The notable results were largely found in diamond drill hole DM-22-273, which was a major step-out hole
  • Values within the hole included 11.02 grams of gold per tonne, 115.8 grams of silver per tonne, and 2.31 per cent copper over 5.65 metres
  • Blue Lagoon currently has one drill rig located at the same collar location as hole DM-22-273 and will begin follow-up drilling this week
  • Blue Lagoon Resources Inc. (BLLG) is down 4.35 per cent, trading at $0.33 per share as of 1:36 p.m. EST

Blue Lagoon Resources Inc. (BLLG) found significant copper-gold-silver intercepts from the final 2022 phase two drill holes on its Mountain Gold Project in B.C.

The notable results were largely found in diamond drill hole DM-22-273, which was a major step-out hole. Values within the hole included 11.02 grams of gold per tonne, 115.8 grams of silver per tonne, and 2.31 per cent copper over 5.65 metres.

Bill Cronk, Chief Geologist for Blue Lagoon, stated,

“The high-grade gold intercept in hole DM-22-273 is one of the best Blue Lagoon has encountered on the boulder vein system… The thickness of this mineralized zone, approximately 12.41 meters true width, is a game changer for us.”

This hole tested the continuation of mineralization in a known boulder vein 200 metres below surface and 250 metres along strike to the east of previous deep intercepts. The company expects it will be able to add more tonnage to the vein as it drills further downdip and along strike

Blue Lagoon currently has one drill rig located at the same collar location as hole DM-22-273 and will begin follow-up drilling this week as part of its 2023 phase one drill program. This phase is expected to cover approximately 5,000 metres of diamond core drilling.

Blue Lagoon Resources Inc. (BLLG) is down 4.35 per cent, trading at $0.33 per share as of 1:36 p.m. EST.


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