Blue Star Gold Completes 2022 Exploration Program; 8.18 g/t Gold over 4.2 Metres Intersected at Gnu Zone
Blue Star Gold Completes 2022 Exploration
Program; 8.18 g/t Gold over 4.2 Metres
Intersected at Gnu Zone
Vancouver, British Columbia--(Newsfile Corp. - September 7, 2022) -
Blue Star Gold Corp.
(TSXV:
BAU) (FSE: 5WP0) (OTCQB: BAUFF)
("Blue Star" or the "Company")
announces that it has
completed its 2022 exploration program across the Company's highly prospective Ulu, Hood River, and
Roma projects located in the Kitikmeot Region of Nunavut.
Highlights:
DD22-MSK-005 returned 8.18 g/t gold over 4.2 m
, including 13.53 g/t over 2.19 m
starting at
94.08 m downhole; additional assays pending.
DD22-MSK-001 returned 8.50 g/t gold over 2.4 m,
including 20.10 g/t over 0.60 m
starting at
124.24 m downhole.
A total of 3,690 metres of NQ diamond drilling was completed across four key target areas during
the program, including the Flood Zone, the Axis Zone, the Gnu Zone and the Central-C Zone.
Approximately
50% of the samples from the program are pending assay results
.
Previously reported results from the 2022 exploration program include (see news releases dated
July 20 and August 17, 2022):
15.00 g/t gold over 17.65 m, including a 6.00 m interval of 25.74 g/t gold
from
DD22-
FLO-002. This represents the highest value (grams gold x width metres) of all intercepts
drilled by the Company.
6.52 g/t gold over 17.4 m, including 9.96 g/t over 6.3 m in DD22-FLO-001.
Grant Ewing, Blue Star's CEO, stated: "Blue Star conducted another successful exploration campaign at
its highly prospective Nunavut projects. The initial results of the program from DD22-FLO-002 returned
the highest value (grams gold x width metres) of all intercepts drilled by Blue Star to date. Several other
prospective target areas throughout the Company's landholdings were assessed during the program,
with significant results also returned from the Gnu Zone area drilling. An important component of the
program was the successful progression of many of the prospective target zones closer to
drill ready
status."
Exploration Program Progress Summary
The Company completed 3,690 metres of drilling during the program, 3,055-line km of airborne
geophysics, and a regional till sampling program on the Roma Project. In addition, detailed review and
prospecting/mapping of 58 of the targets within the >100 compiled pipeline showings were conducted.
Discussion of results
DRILLING
DD22-MSK-001 intersected
8.50 g/t gold over 2.4 m
and 2.45 g/t over 1.0 m. The hole was drilled in
gabbro with local metre scale strain and alteration zones spaced every 30-50 m; intense quartz veining
is recorded in intervals from 109.33 to 114.31 m, and from 124.24 to 126.57 m. A strongly mineralized
interval with 12% pyrrhotite, 5% pyrite, 0.5% blocky arsenopyrite, multiple flakes of visible gold ("VG")
and chalcopyrite in trace amounts occurs from 124.05 to 126.57 m within quartz veins and strongly
sheared gabbro. Multiple VG flakes occur from 126.12 to 126.35 m.
DD22-MSK-002 returned no significant intercepts. The hole was drilled in gabbro; the targeted
polymetallic vein was not intercepted. Blocky pyrrhotite (3%) and blocky chalcopyrite (1%) occur on the
margins of a quartz vein from 44.19 to 44.29 m. The vein displays strong calc-silicate alteration.
DD22-MSK-003 intersected 1.04 g/t gold over 1.5 m, and 1.90 g/t gold over 1.71 m. The hole was drilled
in gabbro and two faults were noted in the drill hole: one fault (30 cm) with gouge and fragmented clasts
of gabbro and quartz was intersected at approximately 37 m, the second larger fault zone from 112.27 to
113.11 m consists of multiple gouges (<10 cm each), with angular clasts and fractured core filled with
calcite between the intervals. The targeted polymetallic vein (93.71 to 94.91 m) contains 7% pyrrhotite,
7% sphalerite, 5% blocky and acicular arsenopyrite, 1% pyrite and sphalerite with traces of chalcopyrite
within strongly sheared gabbro.
DD22-MSK-004 returned no significant intercepts. The hole was drilled in gabbro and intersected a fault
zone from 111.80 to 118.73 m and a quartz vein containing 1% blocky pyrite and pyrrhotite from 133.60
to 133.97 m. Below the highest strain portion of the fault zone, a few mm and cm scale quartz veins
contain up to 3% blocky pyrite. Calc-silicate alteration bands occur at the same orientation as the
mineralized veins, possibly representing the margins of the targeted polymetallic vein.
DD22-MSK-005 intersected
8.18 g/t gold over 4.2 m, including 13.53 g/t over 2.19 m
. The hole
was drilled in gabbro and intersected numerous centimeter scale fault gouge zones. The mineralized
zone from 94.08 to 98.33 m is comprised of cm and mm scale quartz veins and gabbro. The veins are
discordant at a high angle to the fabric of the gabbro, the larger of which occur from 95.18 to 95.46 m,
97.72 to 96.66 m, and 96.88 to 97.37 m. The veins contain up to 6% blocky pyrrhotite, 1% blocky pyrite
and 1% blocky chalcopyrite within wallrock fragments, and 2-3% blocky and acicular arsenopyrite.
Additional assay samples are pending.
The Gnu Zone target area evaluated during this program is comprised of up to four known shear hosted
quartz-polymetallic veins at high angle to a gabbro-sediment contact that hosts calc-silicate-acicular
arsenopyrite alteration. All drilling this season was completed with oriented core to assist geological
modeling. Late faults complicate the area however it is believed that the faults can be resolved with the
current initial wide spaced drilling program.
Figure 1: Table of drill collar locations for holes reported in this release.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2421/136075_table1.jpg
Figure 2: Table of results to date.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/2421/136075_table2.jpg
Figure 3: Plan map of drill hole locations from 2022 drill program.
To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/2421/136075_84f9079d44d7b808_005full.jpg
Figure 4: Plan map of Gnu Zone drill holes.
To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/2421/136075_84f9079d44d7b808_006full.jpg
Figure 5: Inclined schematic longitudinal of the Miksuk Vein in the Gnu Zone.
To view an enhanced version of Figure 5, please visit:
https://images.newsfilecorp.com/files/2421/136075_84f9079d44d7b808_007full.jpg
Blue Star Gold's Projects
The Company's Ulu-Hood River properties are located approximately 525 km NNE of Yellowknife, NT in
the Kitikmeot region of western Nunavut. The hamlet of Kugluktuk is approximately 210 km to the NW.
The Roma project lies approximately 30 km north of the Ulu-Hood River properties. The total area of
Blue Star's projects encompasses
267 km
2
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 (120
km
2
) 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 (140
km
2
) in the High Lake Greenstone Belt.
The Ulu mining 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 Gray's Bay is 40 - 100 km to the north of the properties, and the
proposed route corridor for the all-weather Gray's Bay road passes in close proximity to the Roma, Ulu,
and Hood River projects.
Technical Disclosure
Drill holes reported had core samples cut by core saw with one half of the core retained and the other
half sent for analysis. 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 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.
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
Stars 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.
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,"
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others, statements we make regarding prospective income and revenues, anticipated levels of capital
expenditures for 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, future 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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https://www.newsfilecorp.com/release/136075