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Blue Star Gold Corp BAUFF


Primary Symbol: V.BAU

Blue Star Gold Corp. is a mineral exploration and development company focused on Nunavut, Canada. The Company's landholdings total approximately 270 square kilometers of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt. The Company's projects include the Ulu Gold Project and the Roma Project. The Ulu Gold Project is located around 525 kilometers (km) north northeast (NNE) of Yellowknife, NT in the Kitikmeot region of western Nunavut. The Ulu Gold Project consists of the Ulu Mining Lease and the contiguous Hood River Property, together encompassing approximately 12,000 hectares (ha). The Ulu property consists of a renewable 21-year mining lease and covers an area of approximately 947 ha. The Hood River property is contiguous to the Ulu lease to the north, east and south. The Roma project encompasses 10,405 ha of crown mineral claims and a mineral exploration agreement that totals 4,119 ha in the northern section of the High Lake Greenstone Belt.


TSXV:BAU - Post by User

Post by 000Kamon Nov 09, 2022 10:13am
274 Views
Post# 35085086

News

News
Blue Star Gold Outlines Several High Potential Target Areas

Vancouver, British Columbia--(Newsfile Corp. - November 9, 2022) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") provides an update on the development of its target pipeline conducted across its highly prospective Ulu, Hood River, and Roma projects ("Projects") located in the Kitikmeot Region of Nunavut.
 

Program Highlights * Priority Target Areas Include: * Bouncer trend (~1,500 metres W of Flood Zone deposit): +800-metre-long structural trend with variable amounts of quartz veining, silicification and sulphide mineralisation returned samples grading 17.6 g/t Au and 6.60 g/t Au with local elevations in copper; * Zebra-Dagg corridor (~1,800 metres NNW of Flood Zone deposit): 900-metre-long section of the Ulu fold hinge with two contacts of interest associated with attenuated sediments returning samples grading 7.83 g/t Au and 3.69 g/t Au; and * Gravy trend (~5,500 metres ESE of Flood Zone deposit): +950-metre-long arsenopyrite rich structural trend returning values that include 8.81 g/t Au and 3.84 g/t Au among numerous multi-gram samples over 125 metre to 250-metre-long sections of the trend. * A number of shorter strike length trends with significant results include: JC showing returned samples grading 15.20 g/t Au and 11.05 g/t Au, North Penthouse showing returned samples grading 92.40 g/t Au, Ulu West Fold showing returned samples grading 4.94 g/t Au and 2.27% Zinc, Alone showing returned samples grading 6.53 g/t Au, and Roma Fold showing returned samples grading 14.1 g/t Au with 1.0% lead. Grant Ewing, Blue Star's CEO, stated: "It is very encouraging to see the large number of high-quality target areas outlined during the first systematic regional review at our Projects in over 20 years. The high gold grades returned from sampling highlight many different trends demonstrating the excellent potential for new discoveries. The Bouncer trend is an example of an area that has strong potential; it is an extensive structure with high gold grades at surface, no history of drilling, and located less than 2 kilometres from the Flood Zone gold deposit."


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