About Blue Star Gold Corp
Blue Star Gold Corp is focused on gold exploration and development within Nunavut, Canada. The Company owns the Ulu Gold Property lease, an advanced gold and silver project, and the highly prospective Hood River Property that is contiguous to the Ulu mining lease. With the recent acquisition of the Roma Project, Blue Star now controls 16,645 hectares 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 Gold Corp is listed on the TSX Venture Exchange under the symbol: BAU and on the Frankfurt Exchange under the symbol: 5WPO. For further information on the Company and its projects, please visit our website: www.bluestargold.ca.
- Blue Star Blue Star Gold Corp 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 3 projects including the Ulu Gold project, the contiguous Hood River project and the recently acquired Roma project.
- The Ulu Project hosts the Flood Zone deposit, where a significant high-grade gold resource has been outlined.
- Excellent resource expansion potential exists in a robust pipeline of prospects with drill ready targets.
- The first ever GIS compilation of historic data followed by integration with 3D modelling of the extensive Ulu database has resulted in the definition of a refined mineralization model for the Flood Zone and led to the definition of numerous high-potential target areas.
- 2021 exploration drill program underway, +5,000 metre program testing priority targets.
- Targets for the 2021 exploration program are prioritized based on impact to existing resources and potential scale of new discoveries (closer to Flood Zone deposit is better):
- Multiple 1st priority targets occur within ~1km radius of the Flood Zone including Axis, Central Corridor and East Limb,
- Numerous 2nd priority targets exist along the 5 km long Ulu Fold which extends from the Flood Zone deposit onto the contiguous Hood River project up to the North Fold Nose,
- Several prospective areas on the east side of the Hood River project and the Roma project will undergo further target refinement in preparation for drill testing in the future.
- Blue Star Gold Corp is led by an experienced discovery-driven team with a history of success.
The Ulu and Hood River 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 Hood River property.
The Ulu property consists of a renewable 21-year mining lease and covers an area of approximately 947 ha. The lease hosts an advanced gold project (Flood Zone) that between 1989 and 2012 saw significant exploration and development by BHP Minerals and Echo Bay Mines, among others. The past work includes approximately 1.7 km of underground development and approximately 405 diamond drill holes that produced 88,330m of core on the Flood Zone. The Flood Zone contains the bulk of the Ulu gold resource and is open on-strike and at depth. Overall resources of 2.50 million tonnes grading 7.53 g/t Au for 605,000 gold ounces (measured & indicated category) and 1.26 million tonnes grading 5.57 g/t Au for 226,000 gold ounces (inferred category) have been estimated for the Flood and Gnu Zones (refer to “Technical Report on the Ulu Gold Property, Nunavut, Canada” dated July 10, 2015). Supplementing the high-grade gold resources, the Ulu project includes a substantial inventory of capital equipment, a camp with shop and a 1,200 m long airstrip.
The Hood River property is contiguous to the Ulu lease to the north, east and south. The property is held through a renewable, 20-year Mineral Exploration Agreement with Nunavut Tunngavik Incorporated. The highly prospective property encompasses 8,015 ha. A large number of high-grade gold showings occur throughout the property which provide for excellent resource expansion potential at multiple targets. The main exploration target for the property is shear-hosted gold mineralization similar to the Flood Zone on the adjacent Ulu lease. The series of the gold showings and prospects that occur on trend and north of the Flood Zone are thought to be related to the ~5 km long Ulu Fold which hosts the Flood Zone and extends to the North Fold Nose Zone. At least five gold prospects have been identified to date on this key structural feature.
The Roma project consists 7,683 ha in the northern section of the High Lake Greenstone Belt. These claims cover 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 best result from a small drill program was 12.38 g/t Au over 2.31 m; no follow up drilling is known to have been completed on this property since BHP’s initial small drill program in the 1990’s. Additional discoveries on Roma were made in 1993 approximately 4 km southwest of the original quartz vein. Twelve showings were found in a 1.6 km x 0.55 km area on the east limb of an anticlinal fold structure adjacent to the Kennarctic Shear Zone. All these gold showings in the anticline remain undrilled. Other gold showings with gold grades up to 6.1 g/t Au are found between the anticline hosted mineralization and the original Roma vein.
To learn more about Blue Star Gold Corp, go to https://bluestargold.ca/