Drill Program Adds Second Rig At Dome Mountain

VANCOUVER - Blue Lagoon Resources Inc. has added a second drill rig to the current drill program on its Dome Mountain Gold Project, located near Smither B.C. The Company previously reported the start of its 20,000-meter drill program of which 7,176.5 meters. The start of the Company's Phase Two drill program, which a second drill rig has been added, will consist of approximately 12,500 meters.

"Our entire technical team is working very hard, excited and focused on advancing the Dome Mountain Gold Project as rapidly as possible in order to increase shareholder value on this highly prospective large land package of nearly 19,000 hectares, 90% of which has yet to be explored," said Rana Vig, President and CEO. "Currently our site is a hub of activity with one crew in the field working on collecting soil samples and prospecting; another crew working underground extracting 6,000 plus tonnes of mineralized material and loading trucks daily and sending them to our toll mill partner Nicola Mining; and now two crews working on two drill rigs that are currently focused on drilling targets at Freegold.”

This phase of the drilling continues to target geophysical, gold in soils and high-grade vein targets on the Freegold showing which is of particular interest because it not only includes historically sampled high grade quartz-carbonate veins and underground workings, but also results from the Company's 2020 Airborne Geophysical survey (the first property wide survey ever conducted on the property) clearly defined that the Freegold veins are hosted within a potential Cu porphyry style Mag anomaly hosted within a distinct intrusive and located along the southeast end of prominent Mag high linear.

Drill rig one has been drilling on the east margin of the MAG high at Freegold. The first hole was drilled at 260 degree azimuth to cut the MAG high. Lithologies encountered include QFP and slightly to moderately magnetic volcanics including strong local epidote-magnetite alteration. The second hole from the same pad is currently drilling and targeting the off margin of the MAG high where soil samples collected in 2020 show anomalous values in gold, silver, antimony, copper and bismuth. Drill rig two is now collared just south of the NW trending high grade veins on Freegold and drilling NE to intercept the SE extension of those veins.