Blue Star's Target Series: Axis Prospect IP Chargeability Anomaly, Untested Orientation, Drill-Ready
Blue Star Gold Corp. (BAUFF) has announced developments at its Axis prospect, located less than 300 meters from the high-grade Flood deposit on the Ulu Property in Nunavut. The prospect features historical surface grades up to 35.22 g/t Au and shows significant potential based on 2023 IP survey data.
Key highlights include:
- An untested IP chargeability anomaly identified in 2023
- Surface mineralization extending over 200+ meter strike length
- Identical mineralization and alteration styles to the Flood Zone deposit
- A moderately dipping anomaly approximately 170 meters below surface
Previous drilling has not directly evaluated this anomaly, as holes were either too shallow or drilled parallel to the trend. The company plans to test the target with a ~300-meter initial drill hole, with an additional 1,000 meters of drilling contingent on results.
Blue Star Gold Corp. (BAUFF) ha annunciato sviluppi nel suo prospetto Axis, situato a meno di 300 metri dal deposito ad alta legge Flood nell'area Ulu in Nunavut. Il prospetto presenta gradi storici di superficie fino a 35,22 g/t Au e mostra un potenziale significativo basato sui dati del sondaggio IP del 2023.
I punti salienti includono:
- Un'anomalia di carica IP non testata identificata nel 2023
- Mineralizzazione di superficie che si estende per oltre 200 metri di lunghezza
- Stili di mineralizzazione e alterazione identici a quelli del deposito Flood Zone
- Un'anomalia con inclinazione moderata a circa 170 metri sotto la superficie
I precedenti sondaggi non hanno valutato direttamente questa anomalia, poiché i fori erano troppo superficiali o perforati parallelamente alla tendenza. L'azienda prevede di testare l'obiettivo con un foro di sondaggio iniziale di circa 300 metri, con ulteriori 1.000 metri di perforazione subordinati ai risultati.
Blue Star Gold Corp. (BAUFF) ha anunciado desarrollos en su prospecto Axis, ubicado a menos de 300 metros del depósito de alta ley Flood en la propiedad Ulu en Nunavut. El prospecto presenta grados históricos de superficie de hasta 35.22 g/t Au y muestra un potencial significativo basado en los datos de la encuesta IP de 2023.
Los aspectos destacados incluyen:
- Una anomalía de cargabilidad IP no probada identificada en 2023
- Mineralización superficial que se extiende por más de 200 metros de longitud
- Estilos de mineralización y alteración idénticos al depósito Flood Zone
- Una anomalía con inclinación moderada a aproximadamente 170 metros bajo la superficie
Las perforaciones anteriores no han evaluado directamente esta anomalía, ya que los agujeros eran demasiado superficiales o perforados en paralelo a la tendencia. La empresa planea probar el objetivo con un agujero de perforación inicial de aproximadamente 300 metros, con otros 1,000 metros de perforación dependiendo de los resultados.
Blue Star Gold Corp. (BAUFF)는 누나부트의 울루 지역에 있는 고품질 플러드 광산에서 300미터도 채 떨어지지 않은 축을 가진 프로스펙트에서 개발 소식을 발표했습니다. 이 프로스펙트는 35.22 g/t Au까지의 역사적인 표면 등급을 특징으로 하며, 2023년 IP 조사 데이터에 기반하여 상당한 잠재력을 보여줍니다.
주요 하이라이트는 다음과 같습니다:
- 2023년에 확인된 테스트되지 않은 IP 전하 이상
- 200미터 이상의 스트라이크 길이에 걸쳐 있는 표면 광물화
- 플러드 존 광산과 동일한 광물화 및 변형 스타일
- 표면에서 약 170미터 아래에 있는 적당한 경사의 이상
이전의 시추는 이 이상을 직접 평가하지 않았습니다. 구멍이 너무 얕거나 경향에 평행하게 시추되었기 때문입니다. 회사는 약 300미터의 초기 시추 구멍으로 목표를 테스트할 계획이며, 추가 1,000미터의 시추는 결과에 따라 달라질 것입니다.
Blue Star Gold Corp. (BAUFF) a annoncé des développements sur son prospect Axis, situé à moins de 300 mètres du dépôt de haute teneur Flood sur la propriété Ulu au Nunavut. Le prospect présente des teneurs historiques en surface allant jusqu'à 35,22 g/t Au et montre un potentiel significatif basé sur les données de l'enquête IP de 2023.
Les points clés incluent:
- Une anomalie de charge IP non testée identifiée en 2023
- Une minéralisation en surface s'étendant sur plus de 200 mètres de longueur
- Des styles de minéralisation et d'altération identiques à ceux du dépôt Flood Zone
- Une anomalie inclinée modérément à environ 170 mètres sous la surface
Les forages précédents n'ont pas évalué directement cette anomalie, car les trous étaient soit trop peu profonds, soit forés parallèlement à la tendance. La société prévoit de tester l'objectif avec un premier trou de forage d'environ 300 mètres, avec 1 000 mètres de forage supplémentaires conditionnés aux résultats.
Blue Star Gold Corp. (BAUFF) hat Entwicklungen an ihrem Axis-Projekt bekannt gegeben, das weniger als 300 Meter von der hochgradigen Flood-Lagerstätte auf dem Ulu-Grundstück in Nunavut entfernt liegt. Das Projekt weist historische Oberflächenwerte von bis zu 35,22 g/t Au auf und zeigt basierend auf den IP-Umfragedaten von 2023 erhebliches Potenzial.
Wichtige Highlights sind:
- Eine ungetestete IP-Ladungsanomalie, die 2023 identifiziert wurde
- Oberflächenmineralisierung, die sich über mehr als 200 Meter erstreckt
- Identische Mineralisierungs- und Alterationsstile wie die Flood-Zone-Lagerstätte
- Eine mäßig geneigte Anomalie, die etwa 170 Meter unter der Oberfläche liegt
Frühere Bohrungen haben diese Anomalie nicht direkt bewertet, da die Löcher entweder zu flach waren oder parallel zur Struktur gebohrt wurden. Das Unternehmen plant, das Ziel mit einem etwa 300 Meter langen ersten Bohrloch zu testen, wobei weitere 1.000 Meter Bohrungen von den Ergebnissen abhängen.
- High-grade surface samples up to 35.22 g/t Au identified
- New untested IP chargeability anomaly discovered in 2023
- Close proximity (300m) to existing high-grade Flood deposit
- Target is drill-ready with defined drilling program
- Previous drilling has been ineffective due to wrong orientation or insufficient depth
- historical drilling success with best intercept of only 9.49 g/t Au over 0.81m
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company"), a leading explorer in Canada's North, is excited to discuss the advancement of the Axis prospect, a priority mineralized trend located less than 300 metres from the high-grade Flood deposit on its Ulu Property, located in the West Kitikmeot Region of Nunavut.
Axis Target Highlights
- Historical high-grade target within the axial plane of the Ulu anticline - surface grades up to 35.22 g/t Au
- 2023 Induced Polarisation (IP) chargeability anomaly outlines an untested target orientation and depth; the alteration model supports the IP trend
- Revised structural interpretation aligns with the IP survey data
- Surface mapping identifies acicular arsenopyrite and gold mineralization, along with biotite alteration and brecciation
- Potential intersection of the Central and Axis targets, creating a significant target zone
"The Axis IP target is a very compelling prospect," said Grant Ewing, CEO of Blue Star. "Located just 300 metres from the high-grade Flood deposit, this area has long been considered a high-priority target. Our updated geological understanding of the host stratigraphy, the 2023 IP survey data, and the new alteration model have increased our confidence that the target area could potentially host a significant discovery."
Figure 1: NW View Cross section, +/- 200m of Axis Trend Showing Drilling, IP Data, Generalized Geology, and Target Location
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Discussion of the Axis Prospect
The Axis target is located less than 300 metres from the high-grade Flood Zone deposit and the associated underground development. It is part of the ACE trend (Axis, Central, and East Zones - see Figure 2) as detailed in the Central Target Series news release dated February 19, 2025. Surface mineralization at the Axis target consists of scattered acicular arsenopyrite and gold occurrences, extending over a 200+ metre strike length along the axial trace of the Ulu anticline, which is oriented NNW-SSE. Surface samples have returned grades up to 35.22 g/t Au and 21.1 g/t Au along the trend. Alteration mapped along the Axis trend includes silicification, actinolite, biotite, pyrrhotite, and brecciation of the volcanic host rock. A principal component analysis (PCA) identified an As-Bi-W weighted sum alteration model, which also correlates with the Axis trend. These mineralization and alteration styles are identical to those observed in the Flood Zone deposit.
A 2023 IP survey identified an untested area along the Axis trend at depth, with the inverted IP chargeability data detecting the Flood Zone mineralization at the western edge of the signature. A second untested anomaly is situated to the east, is moderately dipping, and occurs approximately 170 metres below the surface. To date, drilling has not directly evaluated this anomaly, as previous drill holes along the Axis trend have either assessed ground too shallow or were drilled in an orientation that did not test this chargeability feature, with drilling conducted approximately parallel to the trend. Geological support for this IP anomaly includes Blue Star's recent interpretation of the Ulu anticline's orientation, which is now understood to be slightly overturned, with both limbs dipping to the west and a northerly axial plunge.
Historical Work
The Axis trend was first identified in the early 1990's by BHP, during the initial investigation of the Ulu claims. A field program consisting of mapping, soils, and geophysics (IP, magnetics, VLF-EM) evaluated the Ulu ground. Mapping and prospecting northeast of the Flood Zone deposit identified mineralization along the Axis, Central, and East Zones. The Axis target became a high-priority target due to its proximity to the Flood Zone and its structural location occurring along the inferred trace of the axial plane of the Ulu anticline. In addition, the mineralized and gossanous trend occurred coincident with surface IP chargeability anomalies and a distinct break in topography suggesting a major structural feature. The Axis zone saw limited drilling from 1989 through 1996 testing near-surface mineralization to a depth of fewer than 80 metres, with the best intercept of 9.49 g/t Au over 0.81 metres (90VD-46). Four holes in 1996 tested surface veining along the Axis zone to a depth of 200 metres below surface but were drilled to the SW, essentially parallel to the 2023 IP chargeability target.
Blue Star's Recent Work
Blue Star's drilling in 2021 and 2022 tested shallow targets along the Axis trend. Five holes were drilled approximately 100 metres apart along the inferred hinge trace, but all holes were drilled too shallow to intercept the developing Axis target. The best intercepts were in the 3 - 4 metre range grading 1.8 to 2.5 g/t Au in the shallow structures.
In addition to drilling, ongoing studies have significantly advanced Blue Star's understanding of the Ulu Project. A recent study deciphering the Flood Zone stratigraphy using lithogeochemistry has identified a highly prospective basalt unit referred to internally as the 'A1' basalt, a high iron, high titanium, and high zirconium tholeiite. This A1 basalt unit hosts much of the Flood Zone mineralization, sits stratigraphically above clastic sedimentary rocks, and is capped by the A2 basalt unit, a high iron, high titanium tholeiite with notably lower zirconium.
Geophysical work in 2023 included a pole-dipole IP survey completed over the central portion of the Flood Zone and Axis trend. Data was collected using 50-metre dipole spacing, along 100 metre spaced lines, and inverted using Geosoft's VOXI 3D IP code. The modeled 3D IP data shows a chargeability anomaly associated with the Flood Zone mineralization and a second chargeability trend that does not surface and has yet to be drill tested (Figure 1). This chargeability anomaly occurs within both the A1 and A2 high Fe Tholeiitic basalts, the same stratigraphy that hosts Flood Zone mineralization.
An internal study, spearheaded by ALS-Gold Spot in 2023 conducted a Principal Component Analysis (PCA) to identify key elements relating to gold mineralization. This alteration study identified a pattern of elevated As, Bi, and W coincident with high gold values within the Flood Zone deposit. The efficacy of an alteration model, created by using a weighted sum calculation of these three elements is currently being evaluated by investigating other 'altered' targets on Blue Star's ground. The Axis trend is an area highlighted by this alteration model.
In 2024 the IP survey was expanded over the entire Ulu Fold area. A 3D inversion of this data is currently being processed using Geosoft's VOXI 3D IP software.
Next Steps
The Axis IP target is drill-ready and will be considered for testing in the next drill campaign. One ~300-metre hole is designed to pierce the 2023 IP chargeability anomaly and test the As-Bi-W weighted sum alteration model along the NNW trend. An additional 1,000 metres of drilling would be contingent on results from the initial drill hole. Blue Star will continue to investigate the 2024 IP data once the 3D inversion is complete to enhance targeting along the trend.
Figure 2: Location of the Axis, Central, and East (ACE) Targets in Relation to the Flood Zone Deposit and the ULU Camp
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https://images.newsfilecorp.com/files/2421/244961_1c9aa7fa04ed2bac_004full.jpg
Figure 3: Location Map of Blue Star's Land Package in Relation to the Proposed Grays Bay Road
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https://images.newsfilecorp.com/files/2421/244961_1c9aa7fa04ed2bac_005full.jpg
Historical sampling is documented in the references and appears to follow industry standards as accepted at the time of the work; no review of the historical sampling was completed by the Blue Star Qualified Person. The Axis target may or may not reflect the mineralization style observed in the Flood Zone deposit. Geophysical surveys are not definitive, and the exploration results to date are still at an early stage of interpretation, with no guarantee of a mineral discovery.
Blue Star samples are grab samples, which are selective by definition, and were delivered under chain of custody to ALS Geochemistry in Yellowknife, NT for sample preparation and then forwarded to ALS Canada Inc. in North Vancouver, BC for final analysis. Samples were prepared using code PREP-31 (crushing and pulverising) and analysed using codes Au-AA26 (50-gram fire assay with atomic absorption finish) and ME-MS61 (48 element four acid digestion with ICP-MS finish). Over limits for non-gold elements were ore grade four acid digestion with ICP-AES finish. The QAQC program for prospecting consists of regular insertion of certified reference materials (CRMs) resulting in a one in 20 sample insertion rate.
References
- Flood, E. (1991). Ulu Claims; 1991 Geological, Geochemical and Drilling Report. DIAND Assessment Report 083063 for BHP-Utah Mines Ltd.
- Flood, E., M. Kolebaba, P. Cowley, M. St. Pierre and I. Horne. (1993). 1992 Compilation Geological, Geochemical and Drilling Report, Ulu Claims; internal report for BHP Minerals Canada Ltd.
Darren Lindsay, P. Geo. and Vice President Exploration for Blue Star, is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.
About Blue Star Gold Corp.
Blue Star is a mineral exploration and development company focused in Nunavut, Canada. Blue Star's landholdings total 290 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt. The Company owns the Ulu Gold Project, comprised of the Ulu Mining Lease and Hood River Property, and the Roma Project. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu Mining Lease), and numerous high-potential exploration targets (gold and critical minerals) occur throughout the Company's extensive landholdings, providing Blue Star with excellent resource growth potential. The site of the future deep-water port at Grays Bay is 40 - 100 km to the north of the properties, and the proposed route corridor for the all-weather Grays Bay Road passes close by the Roma and Ulu Gold Projects.
Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, the U.S. OTCQB Venture Market under the symbol: BAUFF, and on the Frankfurt Exchange under the symbol: 5WP0. For information on the Company and its projects, please visit our website: www.bluestargold.ca.
For further information, please contact:
Grant Ewing, P. Geo., CEO
Telephone: +1 778-379-1433
Email: info@bluestargold.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX-Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION
This press release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding prospective income and revenues, anticipated levels of capital expenditures for the fiscal year, expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities, and governmental and regulatory investigations and proceedings, and estimates of mineral resources and reserves on our properties.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses into our operations, developments and changes in laws and regulations, including increased regulation of the mining industry through legislative action and revised rules and standards applied by the regulatory bodies in Nunavut, changes in the price of fuel and other key materials and disruptions in supply chains for these materials, closures or slowdowns and changes in labour costs and labour difficulties, including stoppages affecting either our operations or our suppliers' abilities to deliver goods and services to us, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our equipment, and inaccuracies in estimates of mineral resources and/or reserves on our mineral properties.
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FAQ
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