Blue Lagoon Completes Phase One Exploration Program at Golden Wonder
BLUE LAGOON RESOURCES INC.
610-700 West Pender Street
Vancouver, BC
V6C 1G8
BLUE LAGOON COMPLETES PHASE ONE EXPLORATION
PROGRAM AT GOLDEN WONDER
August 16, 2019 – Vancouver BC - Blue Lagoon Resources Inc. (CSE:BLLG) (the “Company”) is
pleased to announce that it has completed the phase one field program at its Golden Wonder Property.
Dahrouge Geological Consulting Ltd. undertook the phase one fieldwork at the property, which is located
within northwestern British Columbia, near the community of Hazelton. The property has excellent
infrastructure, including proximity to major highways, rail and power.
Exploration consisted of rock and soil sampling, and a ground magnetic survey atop the Golden Wonder
area, where a zone of anomalous gold, copper and cobalt is known to extend approximately 500 metres
along strike length.
Previous exploration, during the summer of 2018, included the collection of 85 rock samples from the
mineralized trend. 22 of the 85 samples contained greater than 0.5 g/t Au, with peak values including
18.2 g/t Au and 1.91% Cu (Sample 128240) and 18.7 g/t Au and 0.97% Cu (Sample 128278).
During the current program, a total of 207 soil samples and 17 rock samples were collected from
extensions to the known mineralized trend. In addition, approximately 15.8 line-km of ground magnetic
surveys were completed.
Rock and soil samples were submitted to Actlabs in Kamloops, BC and will be reported on when
available. The results will be used to guide future drill programs to test the down-dip extensions of the
mineralization observed at surface.
About the Golden Wonder property
The property comprises five contiguous mineral claims that cover an area of approximately 7,327
hectares, approximately one kilometre south of Yellowhead Highway, a major interprovincial highway in
Western Canada. The west end of the property (the Golden Wonder area) can be reached by a gravel road
that links to Highway 16 (southwest of Sealey Lake Provincial Park). ATV (all-terrain vehicle) trails run
west from this road north (for about 1,400 metres) and south (for about 1,100 metres) of Denys Lake. The
northern section of the property is mostly accessible from Highway 16 by ATV along trails or by foot.
The property encompasses several historic copper, gold and cobalt mineral showings, including Golden
Wonder, Daley West, Hecla, Black Prince, Blue Lake and Silvertip Glacier. The Golden Wonder showing
has received the most attention historically, with exploration work recorded as early as 1912.
The exploration target is a Besshi-type massive sulphide occurrence, similar to the Windy Craggy deposit
in northwestern British Columbia, which remains one of the largest undeveloped deposits for copper, gold
and cobalt worldwide.
The technical information contained in this news release has been reviewed and approved by Jody
Dahrouge, BSc, SpC., PGeo, who is a qualified person as defined under National Instrument 43-01.
Contact Information
For more information, please contact:
Rana Vig – President & CEO
Telephone: 604-218-4766
E-mail: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact,
forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will
prove to be accurate, and actual results and future events could differ materially from those anticipated in such information . A description of
assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially
from forward looking information can be found in the company’s disclosure documents on the SEDAR website at www.sedar.com. The company
does not undertake to update any forward-looking information except in accordance with applicable securities laws.