Blue Star Gold Expands Hood River Mineral Exploration Agreement Adding Several High- Quality Gold Target Areas
Blue Star Gold Expands Hood River Mineral
Exploration Agreement Adding Several High-
Quality Gold Target Areas
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2022) -
Blue Star Gold Corp. (TSXV:
BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star"
or the
"Company")
is pleased to announce the
signing of an expanded Hood River Mineral Exploration Agreement (MEA) with Nunavut Tunngavik Inc.
(NTI).
Blue Star owns the Ulu Gold Property mining lease that hosts the high-grade Flood Zone gold deposit,
and the highly prospective Hood River MEA property that is contiguous to the Ulu mining lease. With the
recent expansion of the Roma Project and now the expanded Hood River Project, the Company controls
approximately 267 square kilometres of highly prospective and underexplored mineral properties in the
High Lake Greenstone Belt (HLGB), Nunavut.
Highlights:
Blue Star increases Hood River Project area by 40% to a total of 112 square kilometres (see
figure 1)
The expanded Hood River Project now includes the southern extension of the west limb of the Ulu
fold that hosts the high-grade Flood Zone gold deposit, adding several highly prospective target
areas
Additional targets acquired include the near drill-ready Twilight Zone that lies ~300 metres SE of
the Flood Zone gold deposit
Twilight is an open 100-metre long NW trending auriferous contact between basalts and
sediments; historical samples reported include:
channel samples of 32.4 g/t gold over 0.55 metres and 4.72 g/t gold over 0.43 metres
grab samples up to 15.7 g/t gold
the closest drill holes on trend are 200 metres away with one hole (90VD66) ending in
mineralization of 6.31 g/t gold over 0.48 metres
Numerous anomalous historical samples occur on the expanded landholding which have received
only limited follow up work including un-named leads returning grab samples up to 34.6, 13.9 and
9.52 g/t gold
The expanded landholding also includes diamond rights across the MEA which includes the known
diamondiferous Tenacity pipe and numerous unsourced anomalous kimberlite indicator samples
All existing infrastructure in the region, including the airstrip, road network and quarries are now
encompassed by the Hood River and Ulu Projects
CEO, Grant Ewing, stated, "The expanded Hood River Project provides Blue Star with multiple new
targets areas to assess, with some of the most compelling additional areas lying within 2 kilometres of
our high-grade Flood Zone gold deposit."
Hood River Project Summary
Following the increase in landholdings announced today, the Hood River Project area now
encompasses 112 square kilometres of highly prospective mineral claims in the HLGB. At the North
Fold Nose (NFN) zone there is a mineralized quartz vein that has been subject to drill evaluation in 2019
and 2020 with results pending for 2021 drillholes. Previously reported intercepts include: HR20-017: 3.0
metres of 13.87 g/t gold from 164.0 metres depth, HR-19-002: 1.0 metre of 48.7 g/t gold from 58.0
metres depth, and HR-19-009: 1.0 metre of 32.5 g/t gold from 96.0 metres depth.
Limited exploration has occurred on the Crown-Pro trend to the east, which is a folded package of
volcanic units similar to the Ulu Anticline that hosts the high-grade Flood Zone deposit.
An additional underexplored section of the Ulu volcanic package is the southern extension of the west
limb of the Ulu fold which is the host to the Flood Zone deposit.
Blue Star now controls the diamond rights across the full Hood River MEA area including the known
Tenacity diamondiferous kimberlite and a field of unsourced kimberlite indicator mineral samples. Of
interest is the substantial length of the inferred Tenacity till train; it has been previously hypothesized that
a train of this size cannot be from a single source opening additional opportunity for a new kimberlite
field.
"This expanded project area captures some high interest prospects and anomalies that were forgotten
when the Flood Zone was discovered. These will add to our already substantial pipeline of targets in the
region," commented Darren Lindsay, Vice President Exploration.
2022 Exploration Plans
Blue Star is awaiting the balance of the assay results from the 2021 exploration program which will be
reported as they are received. Detailed planning and scheduling for the 2022 exploration program is
now underway. It is anticipated that the field component of the program will launch in May and will entail
drill testing several priority target areas over the Company's extensive landholdings.
Figure 1: Location map of the expanded Hood River Project Area.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2421/111414_95dd3744c4abcb74_003full.jpg
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. The
Company owns the
Ulu Gold Property
lease, an advanced gold project, the highly prospective
Hood
River Property
that is contiguous to the Ulu mining lease, and the
Roma Project.
Blue Stars
landholding totals approximately 267 square kilometres of highly prospective and underexplored mineral
properties in the High Lake Greenstone Belt, Nunavut. 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, on the Frankfurt Exchange
under the symbol: 5WP0, and on the OTC under the symbol: BAUFF. 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/111414