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About Blue Star Gold Corp.
Blue Star Gold Corp. (TSXV: BAU, OTCQB: BAUFF, FSE: 5WP0) is a mineral exploration and development company focused on unlocking the potential of underexplored resource-rich regions in Nunavut, Canada. The company's strategic landholdings span 290 square kilometers in the High Lake Greenstone Belt, a geologically significant region known for its high-grade gold and critical mineral deposits. Blue Star's portfolio includes the Ulu Gold Project, the Hood River Property, and the Roma Project, all of which are positioned to benefit from proximity to proposed infrastructure developments like the Grays Bay Road and Port Project.
Core Projects and Exploration Focus
Ulu Gold Project: Anchored by the high-grade Flood Zone deposit, the Ulu Gold Project is a cornerstone of Blue Star's exploration efforts. The Flood Zone hosts a significant gold resource and is surrounded by numerous high-potential exploration targets within a five-kilometer radius. Recent advancements in geological modeling and structural interpretation have identified additional resource growth opportunities in the Central Zone and Zebra Prospect.
Hood River Property: This property complements the Ulu Project with its extensive pipeline of gold and critical mineral targets. The Hood River Property's strategic location and geological similarities to the Ulu Project make it a key area for future exploration.
Roma Project: Situated in the Kitikmeot region, the Roma Project is emerging as a critical asset for Blue Star. The recent discovery of the Ataani VMS (volcanogenic massive sulphide) deposit underscores the project's potential for high-grade base metals like copper and zinc, in addition to gold. The project's proximity to the High Lake deposits and proposed infrastructure further enhances its strategic value.
Strategic Advantages
- Geological Expertise: Blue Star leverages advanced exploration techniques, including lithogeochemistry, induced polarization (IP) surveys, and 3D magnetic inversions, to refine and prioritize drill targets.
- Infrastructure Proximity: The proposed Grays Bay Road and Port Project, located near Blue Star's properties, promises to significantly reduce operational costs and improve market access.
- Resource Growth Potential: With a robust pipeline of drill-ready and near-drill-ready targets, Blue Star is well-positioned to expand its resource base and attract strategic partnerships.
- Underexplored Region: The High Lake Greenstone Belt remains one of the most underexplored regions in Canada, offering substantial discovery potential.
Industry Context and Market Position
Blue Star operates in the mineral exploration industry, targeting the gold and base metal segments. Its focus on high-grade deposits in Canada's North differentiates it from competitors, particularly as major mining companies show increasing interest in the region's untapped mineral wealth. The company's strategic land acquisitions and exploration successes position it as a leading junior explorer in Nunavut.
Commitment to Sustainability and Stakeholder Engagement
Blue Star is committed to responsible exploration practices and maintains strong relationships with local communities and regulatory bodies. The company's adherence to environmental, social, and governance (ESG) principles underscores its dedication to sustainable development.
Conclusion
Blue Star Gold Corp. is at the forefront of mineral exploration in Nunavut, combining advanced geological expertise with a commitment to unlocking the region's vast resource potential. With its strategic landholdings, innovative exploration methodologies, and proximity to infrastructure developments, Blue Star offers a compelling opportunity for stakeholders seeking exposure to high-grade gold and critical mineral discoveries.
Blue Star Gold Corp. (BAUFF) announces significant progress at its Central prospect, located less than 300 meters from the high-grade Flood Zone deposit at the Ulu Gold Project in Nunavut. The prospect features three gold mineralization zones extending over a 525-meter strike length, positioned approximately 200 meters from existing underground infrastructure.
Key findings include a 2022 drill test that intersected a 40-meter-wide alteration zone grading 0.73 g/t Au near surface. Historical drilling from the 1990s yielded high-grade intercepts of 27.5 g/t Au over 1.09 meters and 21.75 g/t Au over 0.96 meters. Recent geological studies have identified a highly prospective 'A1' basalt unit, which hosts significant Flood Zone mineralization.
The company plans a 1,500-meter drill program to evaluate the Central-C target both down dip and along strike, targeting mineralized structures within the prospective A1-basalt unit.
Blue Star Gold Corp. (BAUFF) has identified a significant new target at its Auma Property in Nunavut, located 15 kilometers west of the proposed Gray's Bay Road. The target features a +400-metre-long high-grade gold strike with visible gold in surface samples.
Key findings include vein-hosted, pyrrhotite-rich mineralization in mafic volcanic rocks and several untested airborne magnetic and conductive trends. Historical drilling revealed notable intercepts, including 15.3 g/t gold over 2.6 metres. Recent sampling by Blue Star confirmed high grades with values up to 47.6 g/t Au in 2023 and 31.7 g/t Au in 2024, with 65% of samples returning >1.0 g/t Au.
The property has seen exploration, with only six short drill holes totaling less than 350 metres. The company plans to conduct ground magnetics and Loupe EM surveys to refine drill targets and better understand the structural setting.
Blue Star Gold announces the extension of its Ataani massive sulphide discovery to over 300 meters, remaining open for further expansion. The discovery, located less than 13 km from High Lake deposits and 6 km from the proposed Grays Bay Road, represents the first new massive sulphide find in the region in approximately 20 years. The company has also completed a strategic 1,587-hectare expansion of its Roma Project near MMG's High Lake deposits. Final drill results from the 2024 Ataani program show significant copper and gold mineralization, with intercepts including 5.00 meters of 0.63% Cu and 0.76 g/t Au.
Blue Star Gold has issued the second tranche of 98,451 common shares at $0.45 per share as part of a loan renewal agreement with director Dr. Georg Pollert. The agreement relates to a $2.54 million loan ($2.44M principal plus $102K accrued interest) with a three-year term at 3% annual interest. A total of 295,354 shares will be issued as a loan bonus in three tranches, with the first tranche issued on October 25, 2023, and the final tranche due by October 25, 2025. The shares are subject to a four-month hold period, and the transaction qualifies for exemptions from formal valuation and minority shareholder approval requirements.
Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) has released results from its 2024 exploration program on the Ulu Gold Project in Nunavut. Highlights include:
- Nutaaq veins: 17.3 metres of 2.60 g/t Au including 1.0 metre of 23.5 g/t Au
- Prospecting samples from Nutaaq trend: up to 23.0 g/t Au
- Zebra prospect samples: up to 28.1 g/t Au
- Inaugural Zebra drilling: 3.6 metres of 1.73 g/t Au
The program included five drill holes in the Nutaaq trend and one in the Zebra prospect. Results support potential for expanding the resource base near the Ulu Gold Deposit. The Zebra drilling confirmed an anticlinal structure, enhancing discovery potential as it may be analogous to the Flood Zone resource.
Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) reports results from its 2024 exploration program on the Ulu Gold Project in Nunavut. Highlights include:
- Targeted Flood Zone structure returns 3.66 metres of 8.46 g/t Au including 1.00 metre of 15.25 g/t Au
- Extended Flood Zone with drillhole intercepts of 9.61 metres of 1.83 g/t Au including 1.36 metres of 3.66 g/t Au, and 3.22 metres of 7.52 g/t Au including 2.01 metres of 10.38 g/t Au
- Mikigon drilling indicates a pathfinder halo for the system with 1+ g/t Au intervals associated with quartz veining
The company conducted a drill program at the Mikigon target, which returned low grades but provided valuable drill core data. Next steps include revising the Flood Zone deposit geological model and extending mineralization shells to determine impacts on the current resource model.
Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) has provided an update on its 2024 exploration program at the Roma Project in Nunavut. The company's second drill hole at the Ataani discovery returned 7.20 metres of 1.145% copper equivalent (CuEq) within a 26.9-metre zone of 0.576% CuEq in stringer to massive sulphide mineralization. The third drill hole intersected 1.7 metres of 0.880% CuEq.
CEO Grant Ewing highlighted the potential for a large system in the area, noting the proximity to the proposed Grays Bay Road and the High Lake VMS Deposit. The company completed a 1,365-metre drilling program following initial electromagnetic surveying. Results from two additional drill holes are pending. Blue Star plans to conduct deposit modeling after receiving all assay data to determine impacts on the resource base and prioritize targets for 2025.
Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) has reported initial assay results from its exploration program at the Ulu and Roma Projects in Nunavut. The company discovered a massive sulphide lens at the newly named Ataani Target, with the first drill hole returning 17.1 metres of 0.973% copper equivalent. Highlights include:
- 17.1 metres grading 0.42% Cu, 1.43% Zn, 0.03% Pb, 9.19 g/t Ag, and 0.13 g/t Au
- Gold equivalent grade of 1.563 g/t over 17.1 metres
- All five Ataani drill holes intercepted massive sulphide mineralization
- The discovery is proximal to the proposed Grays Bay Road (~6 km) and High Lake VMS Deposit (~12 km)
The company's CEO, Grant Ewing, emphasized the potential for additional near-surface massive sulphide discoveries in the area. Assay results for the remaining drill holes are pending.
Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) has provided an update on its 2024 exploration program at the Ulu Gold Project and Roma Project in Nunavut. Key highlights include:
- Completion of 16 diamond drill holes across five target areas, totaling ~4,000 metres
- Strong gold values from pipeline showing evaluations, including 13.5 g/t Au and 56.5 g/t Au at Cygnet
- Extension of Roma Main zone by 300 metres to over 800 metres of strike length
- Promising results from various targets, including Gabbro Breccia (16.0 g/t Au) and Zebra (14.6 g/t Au)
- Identification of new showings and potential drill-ready targets
The company is awaiting initial assays and plans further exploration to advance promising areas to drill-ready status.
Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) has announced a new critical mineral discovery on its Roma Project in Nunavut. The company's first drill hole at the HI VMS target intercepted a 17.1-metre interval of semi-to-massive sulphide mineralization. Follow-up drilling is underway to assess the large target zone.
Key highlights include:
- The discovery is located near the proposed Grays Bay Road, a major infrastructure development in Nunavut
- Initial sampling returned 17.75% zinc from a 0.6-metre-wide section of massive sphalerite
- The target area shows similarities to MMG's High Lake deposit, located ~12 kilometres to the south
- Drilling continues at gold targets on the company's Ulu Project
Assay results from the HI discovery are expected in August. The company is encouraged by the potential of this new base metal discovery and its proximity to future infrastructure developments.
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