Stock Market Wealth

GOLD IN OUR VEINS… and Minerals Beneath Our Feet!

by | Oct 20, 2020

British Columbia, Canada is known for its blue waters, brisk weather, and majestic ski slopes. What they don’t necessarily show in the brochures are the vast reserves of gold in the ground – some of it deep, some of it shallow, and all of it in high demand.

Since supply and demand drive commodities and stock prices, multiple contributing factors will only enhance the already steady demand for gold. With 100% assurance, the Federal Reserve and other major world central banks will continue to pursue pro-inflationary stimulus regardless of the U.S. election’s outcome.

We all witnessed the stunning move in gold mining stocks from March through August. The junior miners are in a holding pattern now while top-tier miners prepare to explore and develop their properties. Commodities maven Jim Rickards envisions $14,000 gold as being entirely possible by 2026 – just imagine where the mining stocks will be at that time.

Besides, $27 trillion in U.S. sovereign debt and a record $3.1 trillion federal budget deficit only fortify the bull case for gold and miners now. This is the time for premier mining companies like Blue Lagoon Resources (CSE: BLLG, OTCBQ: BLAGF) to ramp up their exploration programs – and that’s exactly what they’re doing.

You see, Blue Lagoon specializes in the most mineral-rich regions of British Columbia. Their projects include the Dome Mountain Mine, located in northwestern British Columbia, as well as the fully-owned Big Onion, Pellaire, and Golden Wonder projects.

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    The results clearly warrant further exploration at Dome Mountain:

    • The DM-20-116 drill hole indicated 34.5 g/t (grams per tonne) of gold and 54 g/t of silver over 1.53 meters
    • DM-20-115 showed an intercept with mineralization suggesting that the drilling activity just missed a sulfide-bearing quartz vein (it’s not often that sulfide mineralization is seen in the host rock at Dome Mountain)
    • Deeper intercepts at DM-20-126/DM-20-127 indicate the potential for future development below the Boulder Vein. This positive result warrants follow-up drilling in the upcoming phase-two program, which will test the model of another deeper vein target (or targets) at depth.

    Blue Lagoon Resources Chief Geologist William Cronk commented on these outstanding findings, saying, “Results from the phase-one drilling program continue to show the high-grade nature of the Boulder Vein system at Dome Mountain. Results to date have continued to correlate strongly with known mineralization while simultaneously identifying promising new areas that are yet to be drill tested.”

    The company also reported significant infrastructure development because the Dome Mountain crew has nearly finished completing a new core logging shack at the site. This logging shack will be capable of handling core from two consecutively operating drill rigs that are planned to be used through a winter drilling program expected to begin late this year or early in 2021.

    As you can see in the latest results, Blue Lagoon is pursuing and exceeding its exploration targets at its flagship asset – right in the heart of gold country in British Columbia, where resource sector history will be made again and again.

    Best Regards,

    Lior Gantz
    President, WealthResearchGroup.com

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      The Company’s publications often pertain to gold and mining stocks, which discuss a direct relationship between the price of gold or silver and the stock price of a gold or silver mining stock. We discuss with respect to various issuers that there is a relationship between the price of gold or silver to the stock price of a gold or silver mining stock, i.e. that the higher the price of gold or silver, the higher the price of the stock. You should use extreme caution in adopting any such conclusions, because such statements do not account for any of the following factors:

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