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Blue Lagoon Capital Inc.
Summary
| Project: | Lac Gainsmoor | |
|---|---|---|
| Deposit: | Lac Gainsmoor | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-1-2019: Blue Lagoon Capital Inc. announces a Supporting Acquisition report for its Lac Gainsmoor deposit at the Lac Gainsmoor project. Summary of property in support of listing. At the request of Blue Lagoon Capital Inc (the “Company”, “Blue Lagoon”, o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ed Harrington (Reliance Geological Services Inc.) | |
| ABSTRACT: | At the request of Blue Lagoon Capital Inc (the “Company”, “Blue Lagoon”, or “Issuer”), this Technical Report has been prepared on the Lac Gainsmoor Property (the “Property” or “Project”), Abitibi-Témiscamingue, Quebec, Canada, to summarize previous work, appraise the exploration potential of the Property, and make recommendations for future work. The company has also requested the report as supporting documentation for listing on the Canadian Stock Exchange (“CSE”). The Lac Gainsmoor Property is situated in Guillet Township within the AbitibiTemiscominque Region of Quebec. The Property is located approximately 11 km east of the village of Belleterre and by air approximately 430 km northwest of the city of Montreal. The Lac Gainsmoor Property consists of one unsurveyed mineral claim of approximately 58.3 hectares (“ha”) and is registered to Kode Mineral Exploration Ltd of British Columbia, Canada (“Kode”). Through an option agreement dated 15 October 2018, Blue Lagoon has an option to acquire a 100% interest in the Lac Gainsmoor Property from Kode. The Property can be accessed using the well maintained Chemin du Lac Truite gravel road, travelling approximately 11 km east from the village of Belleterre, Quebec, and is situated approximately 500 meters north-east of the Lac Truite road. The Property is on relatively flat to gently rolling terrain with elevations ranging from 345 meters (1,130 feet) to 390 meters (1,280 feet). Exploration work can be performed year-round, however areas of the Property covered in wetlands would be best explored in the fall when groundwater levels are at their lowest, or in the winter months when the ground is frozen. | |
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