Positive Results From Airborne Geophysical Survey
Blue Lagoon Resources Inc. (CSE:BLLG) has almost doubled its land holding at the Dome Mountain Gold Project in British Columbia after studying results of a recently flown airborne geophysical survey.
Rana Vig, President and CEO, said that after careful analysis of the data received the airborne geophysical survey, the company has significantly expanded its land package by staking an additional 7,646 hectares, thereby nearly doubling its previous land position to 18,934.55 hectares.
The Dome Mountain Gold Project, an all year accessible property located a short 50-minute drive from Smithers BC., holds both an Environmental Management Act Permit (EMA) and a Mining Permit providing for up to 75,000 tonnes production annually. In addition, the property has 15 known high-grade gold veins with more than 90% of the property yet to be explored.
“We’re very excited about what we’re seeing from the data being received so far as it’s confirming our beliefs about the potential to expand on the historical information that we have on the Dome Mountain property,” Mr Vig said.
“Having a healthy treasury and no debt, we remain focused and committed to rapidly move the Dome Mountain gold project forward and, with the help of this new technical data that gave us compelling reasons to expand our land package, we are continuing to plan for 2021, what will be the largest exploration program conducted on the property to date,” he added.
The surveys, which were acquired by Precision GeoSurveys Inc., provide the company with detailed low altitude (helicopter-borne) EM, Magnetic and Radiometric data, and were completed in two different phases with 1173.3 km of mag/radiometrics and 1475.5 km of EM/mag, both at 100m line separation.
“The survey successfully delineated several new anomalous zones of strong conductivity in the north eastern part of the Dome Mountain project where no known modern airborne EM system has ever been flown. After assessing the airborne Mag and EM results our team agrees that new high interest zones of anomalous conductivity representing potential drill targets have emerged at the project” said Blue Lagoon Resources Chief Geologist, William Cronk.
“The conductive zones in the eastern portion of our claim block stimulated us to stake more claims there and additional lines of airborne EM and MAG were flown to cover them. Additionally, this eastern portion showed underlying Mag features that merit significant follow-up work. They will be the focus of our planned scope of work in 2021 including soils and geological prospecting to better get a handle on what this new airborne data adds to the prospectivity of the Far East Claims. Its all about defining and prioritizing drill targets. Stacked coincident anomalies will move these targets to the forefront.” he added.
The project technical team has identified initial high-priority anomalies based on their strong conductivity and coincident high magnetic responses, which may be suggestive of the presence of sulphides. Additional geophysical processing and modelling of the final survey data are planned in the coming weeks to better assess the depth and character of the best anomalies.
The company also conducted an extensive soil program that included nearly 1200 soil samples that were collected and sent to ALS labs of North Vancouver. Of these, 120 samples were collected over the MAG anomaly called Dipole and 116 samples were collected on the western margin of the Far East EM anomaly. Results are pending.
The scope of work yet to be finalised for 2021 will include collecting more soil samples and prospecting over the entire Far East area as well as other locations defined by the EM/MAG survey.