Blue Lagoon Resources Inc. announced significant mineralized intercepts from the first holes of the Phase Two 2022 drill program on its all year-round and road accessible Dome Mountain Gold Project, located a short 50-minute drive from Smithers, British Columbia. Drill results include 126 g/t Au and 404 g/t Ag over 0.41 meters from the Chance Structural Zone (CSZ) in hole DM-22-247. As mentioned, the Flat Chance is a shallow-dipping to flat-lying structural zone extending at least 400 meters down dip at about 12°dip.

Thickness of the structural zone ranges from 1 to 15 metres. Hole DM-22-247 was intended to target this structure but also encountered an upper vein which ran 126 grams/tonne gold and 404 grams/tonne silver over 0.41 meters (core length) and, along with other holes which have hit this structure, points to another mineralized structure which can be defined by drilling in the near future. Hole DM-22-247, 248 and 250 were all successful hitting the Flat Chance Structure as well as this new mineralized structure.

This new mineralized vein structure has a thickness of up to 1.73 meters including the vein itself and mineralized wallrock. A second drill has been added to the program. Drilling will continue to the Christmas break.

In addition to drilling, Blue Lagoon has completed a ground-based IP and CSAMT geophysical survey over the Chance Structural Zone and the Freegold Intrusion. The final report is yet to be delivered. Soil sampling has been completed on the 2022 Dome Mountain Summer program.

A total of 2,453 soil samples have been collected with results for 53% yet to be received. It is expected that the final results will be returned by mid October.