Blue Star Gold Commences Drill Program at its Ulu Gold Project
Blue Star Gold Commences Drill Program at
its Ulu Gold Project
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2022) -
Blue Star Gold Corp. (TSXV: BAU)
(FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company")
announces that its drill program
has commenced, with the first drill hole on the Flood Zone now completed. The exploration program
consists of a multi-prong approach including airborne and ground geophysics, regional geochemical
sampling, prospecting, and mapping, and a focused diamond drilling program. The work program will be
carried out across the Company's Ulu, Hood River, and Roma projects with two key focuses: infill and
expansion drilling, and pipeline target review and development throughout the prospective landholdings.
Blue Star is the largest title holder in the highly prospective and underexplored High Lake Greenstone
Belt in Nunavut, controlling +45 km of the Belt. The Company holds a 100% interest in three projects
including the Ulu Gold project, the contiguous Hood River project, and the Roma project. The Ulu project
hosts the Flood Zone deposit, where a significant high-grade gold resource has been outlined.
Highlights:
The first diamond drill hole of the exploration program, collared on the Flood Zone, has been
completed with an excellent production and recovery rate.
A heliborne magnetics geophysical survey has completed 90% of the ~3,000-line km planned for
the Roma and the Ulu-Hood River surveys.
Ground magnetics and VLF-EM surveying of select targets areas (Gnu Zone and other pipeline
target areas) is approximately 50% complete.
Priority targets from the target pipeline are actively being reviewed with the goal of bringing at least
three high potential targets to drill ready status this season.
Blue Star's CEO, Grant Ewing, commented, "The launch of our 2022 exploration program has been
executed very efficiently. The multi-prong program will entail drill testing several high priority targets close
to the Flood Zone deposit and progressively advance the extensive pipeline of targets throughout our
landholdings. The initial drill holes will test potential extensions to the Flood Zone deposit followed by
testing targets in the Gnu Zone area where a new high-grade vein system was discovered by Blue Star
in 2021."
Exploration Program Summary
The first drill hole on the Flood Zone, DD22-FLO-001, has been completed following up on a shallow
open intersection (96UL-28 graded 6.02 g/t over 8.35 m from 15 m downhole); the drill hole was
shutdown in mineralisation. DD22-FLO-001 intersected variably mineralised zones between 4.65 m and
17.00 m. The drill is now collared on the second site that will evaluate the geometry of the basalt-
sediment contact in an area hosting previous intercepts of 6.66 g/t over 5.09 m, 10.21 g/t over 11.11 m
and 7.29 g/t over 9.28 m (04UL-02, 04UL-32 and 89VD-20 respectively, all intervals are
true width
). A
minimum 2,500 metre drill program will be conducted during the exploration campaign focused on
resource expansion and high priority target evaluation.
Ground geophysical surveying using a walking magnetics and VLF-EM system has covered the known
vein structures at the Gnu Zone and extensions to prospective stratigraphy inferred to have potential to
host similar structures. Targets are the recently discovered Gnu Zone polymetallic vein that returned 5.34
m of 3.7 g/t in drill hole 21BSG020 and 8.15 m of 20.8 g/t in drill hole 21BSG007, and similar blind
mineralized structures. Additional geophysical grids are also planned as part of the target review
process to determine if this type of survey can refine drill targeting at other showings.
Precision GeoSurveys Inc. ("Precision") has been engaged to undertake a comprehensive high
resolution heli-borne geophysical survey utilizing Precision's proprietary four-sensor magnetic gradient
system to refine the structure, lithology, and alteration prior to mapping and prospecting programs. The
geophysical program for 2022 covers the entire Roma landholdings, and the entire Ulu lease and Hood
River concession that had not been previously flown and is currently 90% complete (~2,750 km of 3,055-
line kms).
Figure 1: Ulu and Hood River Projects.
To view an enhanced version of Figure 1, please visit:
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Blue Star Gold's Projects
The Company's properties are located approximately 525 km NNE of Yellowknife, NT in the Kitikmeot
region of western Nunavut. Kugluktuk is approximately 210 km to the NW. The Roma property lies
approximately 30 km north of the Ulu-Hood River property. The total area of Blue Star's projects cover
+45 km of the highly prospective and underexplored High Lake Greenstone Belt.
The Ulu lease and the contiguous Hood River property together encompass greater than 12,000
hectares of highly prospective exploration ground. The recent acquisition of the prospective and
underexplored Roma property that lies approximately 30 km north increased the Company's
landholdings by more than 14,000 hectares in the High Lake Greenstone Belt.
The Ulu lease hosts the advanced stage Flood Zone gold deposit, where a significant high-grade gold
resource has been outlined. Several additional gold prospects (including, but not limited to, Zebra,
Contact, Central, Axis, and Gnu) are spatially related to the axis of the 5 km long Ulu Fold, which extends
from the Ulu lease onto the northern part of the Hood River property and culminates at the North Fold
Nose Zone. The recent expansion of the Hood River concession added several new target zones south
of the Flood Zone gold deposit. The eastern side of the Hood River property is contiguous to the Ulu
lease, and hosts over twenty known gold showings. The Hood River prospects have the same
deformation history (including tight folding) as well as similar mineralization styles (acicular arsenopyrite
and polymetallic quartz veins) and stratigraphic sequences as the Flood Zone. One of the most
prospective target areas on the eastern Hood River property is the 4 km long Crown-Pro trend which has
seen only limited drilling.
The Roma project lies in the northern section of the High Lake Greenstone Belt. The project covers high
grade gold showings discovered by previous explorers, notably BHP Minerals from 1988 to 1994.
Multiple significant gold showings are present within a 6.5 km x 2.4 km area on the historic Roma claim
block. The original showing is a 0.30 to 3.0 m wide quartz vein exposed in outcrop and boulders for 2.0
km. In 1991, BHP drilled 10 shallow holes totalling 465 metres to test 1.72 km of strike of the vein. All drill
holes intersected quartz veins from 15 m to 37 m vertically below surface. Visible gold was noted in three
of the drillholes and the best results were 12.38 g/t Au over 2.31 m (including 64.0 g/t Au over 0.37 m)
from DDH MD-01, and 8.69 g/t Au over 1.87 m from MD-03. No drilling was conducted downdip of the
high-grade intersection in DDH MD-01 and no step out drilling to the north from this intercept was
conducted. No follow up drilling is known to have been completed on this property since BHP's initial drill
program in the 1990's. The Company has not verified the historical results from the Roma property and
has presented information obtained from two assessment reports submitted by BHP Minerals Canada
Ltd.; McMaster, G., (1995). Roma 3,4,5 and 6 Claims 1995 Geological and Geochemical Report, and
Anonby, L. and Jopson, W., (1992). Geological, Geochemical, Geophysical and Drilling Report on the
Roma 1 and 2 Claims.
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 in close proximity to the Roma, Ulu,
and Hood River projects.
Figure 2: Blue Star Projects.
To view an enhanced version of Figure 2, please visit:
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Technical Disclosure
Previously completed drill intervals are sourced from the database used for the Cowley, P., Singh, R.,
and Giroux, G. Technical Report on the Ulu Gold Property, Nunavut, Canada with amended date July
2015.
Drill holes noted above had core samples cut by core saw with one half of the core retained and the
other half sent for analysis. Drill and rock samples were prepared by ALS Yellowknife-Geochemistry and
analyzed at ALS Global, North Vancouver. Gold analysis was by fire assay using ALS code Au-AA26
and multielement analysis by code ME-MS61. Control samples include a pulp or crush duplicate every
twenty samples; certified reference material was inserted once every ten samples. Reported assay
intervals are uncapped, use a minimum 1 g/t gold assay cut off with the inclusion of up to 2 m of material
below cut-off. True widths for all but the Flood Zone are not known due to lack of drilling and may range
from 50% to 95% of drilled lengths. Historical intercepts reported from the Roma Project have not yet
been verified. Gold analysis for soil and till samples were undertaken using Portable PPB Pty Ltd's
detectORE™ patented low-level gold by pXRF technology. Every 90 samples have two (2) certified
reference materials in the processing stage and in the analyses stage there are four (4) certified
collector device readings. A minimum of 10 % of the samples are to be sent for check analysis.
Qualified Person
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 gold company focused on exploration and development within Nunavut, Canada.
Blue
Star's landholdings total approximately 270 square kilometres of highly prospective and underexplored
mineral properties in the High Lake Greenstone Belt, Nunavut.
The Company owns the
Ulu Gold
Property mining lease
, an advanced gold project, the highly prospective
Hood River Property
that is
contiguous to the Ulu lease, and the
Roma Project
.
A significant high-grade gold resource exists at the
Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur
throughout the Ulu, Hood River and Roma 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:
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.
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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,
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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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