Blue Star's Target Series: Central Prospect, +500 Metres of Strike, Extensive Discovery Zone Below Shallow Mineralized Intercept, Drill-Ready
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) annuncia progressi significativi presso il suo sito Centrale, situato a meno di 300 metri dal deposito ad alto grado Flood Zone nel Progetto Ulu Gold in Nunavut. Il sito presenta tre zone di mineralizzazione aurifera che si estendono per una lunghezza di 525 metri, posizionate a circa 200 metri dalle infrastrutture sotterranee esistenti.
I risultati chiave includono un test di perforazione del 2022 che ha intersecato una zona di alterazione larga 40 metri con un grado di 0,73 g/t Au vicino alla superficie. Le perforazioni storiche degli anni '90 hanno prodotto intercettazioni ad alto grado di 27,5 g/t Au su 1,09 metri e 21,75 g/t Au su 0,96 metri. Studi geologici recenti hanno identificato un'unità basaltica 'A1' altamente promettente, che ospita una significativa mineralizzazione della Flood Zone.
La società prevede un programma di perforazione di 1.500 metri per valutare il target Centrale-C sia in profondità che lungo la direzione, mirando a strutture mineralizzate all'interno dell'unità basaltica A1.
Blue Star Gold Corp. (BAUFF) anuncia avances significativos en su prospección Central, ubicada a menos de 300 metros del depósito de alta ley Flood Zone en el Proyecto Ulu Gold en Nunavut. La prospección cuenta con tres zonas de mineralización de oro que se extienden a lo largo de 525 metros, situadas a aproximadamente 200 metros de la infraestructura subterránea existente.
Los hallazgos clave incluyen una prueba de perforación de 2022 que intersectó una zona de alteración de 40 metros de ancho con un grado de 0,73 g/t Au cerca de la superficie. Las perforaciones históricas de la década de 1990 arrojaron interceptaciones de alta ley de 27,5 g/t Au sobre 1,09 metros y 21,75 g/t Au sobre 0,96 metros. Estudios geológicos recientes han identificado una unidad basaltica 'A1' altamente prospectiva, que alberga una importante mineralización de la Flood Zone.
La empresa planea un programa de perforación de 1,500 metros para evaluar el objetivo Central-C tanto en profundidad como a lo largo de la dirección, enfocándose en estructuras mineralizadas dentro de la unidad basaltica A1.
블루 스타 골드 코프 (BAUFF)는 누나부트의 울루 골드 프로젝트에 있는 고급 플러드 존 매장지에서 300미터도 안 되는 곳에 위치한 중앙 탐사에서 중요한 진전을 발표했습니다. 이 탐사 지역은 약 200미터 떨어진 기존 지하 인프라에서 525미터의 길이로 뻗어 있는 3개의 금 광물화 구역을 특징으로 합니다.
주요 발견 사항으로는 2022년 시추 테스트에서 표면 근처에서 0.73 g/t Au의 등급을 가진 40미터 폭의 변성 구역이 관찰되었습니다. 1990년대의 역사적인 시추에서는 1.09미터에 대해 27.5 g/t Au와 0.96미터에 대해 21.75 g/t Au의 고급 인터셉트가 나왔습니다. 최근 지질학적 연구에서는 중요한 플러드 존 광물화를 포함하는 매우 유망한 'A1' 현무암 단위를 확인했습니다.
회사는 중앙-C 목표를 평가하기 위해 1,500미터의 시추 프로그램을 계획하고 있으며, 이는 A1 현무암 단위 내의 광물화된 구조를 목표로 합니다.
Blue Star Gold Corp. (BAUFF) annonce des progrès significatifs sur son site Central, situé à moins de 300 mètres du dépôt de haute qualité Flood Zone dans le projet Ulu Gold au Nunavut. Le site présente trois zones de minéralisation aurifère s'étendant sur une longueur de 525 mètres, situées à environ 200 mètres des infrastructures souterraines existantes.
Les résultats clés incluent un test de forage de 2022 qui a intersecté une zone d'altération de 40 mètres de large avec une teneur de 0,73 g/t Au près de la surface. Les forages historiques des années 1990 ont donné des intercepts de haute qualité de 27,5 g/t Au sur 1,09 mètre et 21,75 g/t Au sur 0,96 mètre. Des études géologiques récentes ont identifié une unité basaltique 'A1' très prometteuse, qui abrite une minéralisation significative de la Flood Zone.
La société prévoit un programme de forage de 1 500 mètres pour évaluer l'objectif Central-C à la fois en profondeur et le long du filon, visant des structures minéralisées au sein de l'unité basaltique A1.
Blue Star Gold Corp. (BAUFF) gibt bedeutende Fortschritte bei seinem zentralen Standort bekannt, der weniger als 300 Meter von der hochgradigen Flood Zone Lagerstätte im Ulu Gold Projekt in Nunavut entfernt liegt. Der Standort weist drei Goldmineralisierungszonen auf, die sich über eine Länge von 525 Metern erstrecken und sich etwa 200 Meter von der bestehenden unterirdischen Infrastruktur befinden.
Zu den wichtigsten Ergebnissen gehört ein Bohrtest aus dem Jahr 2022, der eine 40 Meter breite Alterationszone mit einem Gehalt von 0,73 g/t Au nahe der Oberfläche durchteufte. Historische Bohrungen aus den 1990er Jahren ergaben hochgradige Schnittstellen von 27,5 g/t Au über 1,09 Meter und 21,75 g/t Au über 0,96 Meter. Jüngste geologische Studien haben eine vielversprechende 'A1' Basalt-Einheit identifiziert, die bedeutende Mineralisierungen der Flood Zone beherbergt.
Das Unternehmen plant ein Bohrprogramm über 1.500 Meter, um das Ziel Central-C sowohl in der Tiefe als auch entlang des Streiks zu bewerten und mineralisierte Strukturen innerhalb der vielversprechenden A1-Basalt-Einheit anzusprechen.
- Strategic location 200m from existing underground infrastructure
- Extensive 525m strike length with three mineralization zones
- Historical high-grade intercepts of 27.5 g/t Au over 1.09m
- 40m wide alteration zone grading 0.73 g/t Au discovered in 2022
- Current drill results show relatively low grades compared to historical findings
- depth of existing drilling (only ~130m below surface)
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company"), a leading explorer in Canada's North, announces the advancement of the Central prospect, a mineralized trend located less than 300 metres from the high-grade Flood Zone deposit at the Ulu Gold Project, in the West Kitikmeot Region of Nunavut.
Central Zone Highlights
- Three zones of gold + acicular arsenopyrite mineralization extend over a 525-metre strike length, suggesting abundant potential for a significant discovery
- Located ~200 metres from underground development and mine infrastructure, and between the Flood Zone and Nutaaq (Gnu) Zone mineral resource areas
- Drill testing in 2022 intersected a 40-metre-wide zone of alteration grading 0.73 g/t Au near surface
- Advancements in understanding of the geological and structural setting indicates deeper drilling would target the mineralized Central structures within the prospective A1-basalt unit
"The Central Prospect is shaping up to be a highly promising area" said Grant Ewing, CEO of Blue Star. "The encouraging results from our past drilling and recent advancements in our geological and structural understanding, suggest we may be closing in on a significant new resource area. We are eager to see how this unfolds as we continue to explore its full potential."
Figure 1: Oblique Upward View Showing Inferred Central Target Sub-Parallel to Flood Zone Deposit.
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Discussion of the Central Prospect
The Central Zone target is located less than 300 metres from the high-grade Flood Zone deposit and underground development area. Surface mineralization occurs over a 525-metre strike length and is characterized by gold and acicular arsenopyrite bearing quartz veins, and calc-silicate alteration in mafic volcanic host rocks. The known Central Zone mineralization occurs within silicified shear zones sub-parallel to the existing Flood Zone deposit.
A 167-metre drill hole from 2022 (DD22-CEN-C-002) drilled into the Central-C structure intersecting a 40-metre-wide alteration zone which returned an average grade of 0.73 g/t Au, including 5.4 metres at 1.35 g/t Au, at a depth of 145 metres below surface. This type of low-grade alteration occurs as a multi-metre halo around the high-grade Flood Zone mineralization and could indicate proximity to a significant zone of mineralization at the Central target.
Historical Work
The Central Zone 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 the Axis, Central and East Zones of which the Central Zone contained three mineralized horizons (A, B and C veins) characterized by silicification with acicular arsenopyrite and gold, with surface assays commonly grading over 10 g/t Au.
Interpretations from the comprehensive 1991 geophysical program suggested the Flood Zone mineralization has an associated magnetic signature and IP chargeability high. Similar geophysical signatures occur in the southeastern portion of the Central target, proximal to the basalt-sediment contact. BHP evaluated the strongest surface mineralization with five shallow drill holes during the 1990 and 1991 campaign, the deepest of which tested the Central Zone to a depth of ~130 metres below surface. The best intercepts from the 1990 and 1991 Central Zone drilling returned 27.5 g/t Au over 1.09 metres and 21.75 g/t Au over 0.96 metres. These narrow but high-grade intercepts are encouraging.
Blue Star's Recent Work
The drilling in 2021 continued to test the Central Zone mineralization with four holes. These holes were designed to systematically test the A, B, and C veins. The best results included 5.21 g/t Au over 3.0 metres from 21BSG-010, testing the Central-C vein. In 2022, three additional holes were drilled into the Central-C target and returned the most promising results to date: 40 metres grading 0.73 g/t Au in a biotite-actinolite alteration zone of silicified and brecciated basalt (NR Oct 25, 2022).
In addition to drilling, ongoing studies have significantly advanced the 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, 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.
Detailed structural work conducted by Blue Star, including surficial mapping and downhole data review, supports a re-interpretation of the Ulu fold structure. Once thought to be a north plunging symmetrical anticline, newer data suggests the fold limbs are slightly overturned, with both west and east limbs dipping steeply southwest.
A detailed airborne magnetic survey was flown over Blue Star's entire land package in 2022 and 2023. A 3D inversion of the magnetics data helped characterize the magnetic signature of the Flood Zone mineralization and surrounding targets. Ground based induced polarisation surveys in 2023 and 2024 have also characterised portions of the Flood Zone deposit.
Next Steps
Blue Star's advancement of the Ulu Gold Project understanding has highlighted several target areas that warrant further work. In the Central Zone, the interpreted dip of the geological units and veining suggests the mineralized structures will intersect the most prospective A1 basalt unit at depth, below the extent of existing drilling. The refined structural interpretation of the Ulu anticline opens up an area southeast of the Central target, a previously low priority area due to the proximity of the interpreted sediment contact at depth. With limbs of the anticline now interpreted as sub-parallel and dipping steeply southwest, abundant room exists within the A1 basalt to host significant mineralization. The geophysical signature in this area has many of the characteristics of the Flood Zone mineralization, namely a moderate magnetic signature, and a chargeability high as indicated by BHP's 1991 program. This area occurs over 250 metres of strike length and has not been drill tested. A 1,500-metre drill program would evaluate the Central-C target both down dip and along strike.
Figure 2: Plan Map of the Central, Axis and East Prospect Areas Located Between the Flood Zone and Nutaaq Zone Resource Areas.
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Figure 3: Location Map Showing Blue Star Gold's Extensive Land Package.
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Historical sampling is documented in the references within this news release and follows industry standards as accepted at the time of the work; no review of the historical sampling was completed by the Blue Star Qualified Person. Blue Star samples are as described in the referenced news release and follow industry best practice QA/QC protocols.
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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