Exploring for high-grade gold deposits requires more than just know-how and a bit of luck…it requires the right location. And
the right company operating it.
With multiple, high potential district scale projects in Canada’s far north,
Blue Star Gold Corp.(TSX-V:BAU, OTC:BAUFF, Forum) is focused on gold exploration and development in Nunavut, Canada. The Company owns the Ulu Gold Property and the contiguous Hood River Property, and earlier this year, acquired the Roma Project. Blue Star now controls over 16,000 hectares of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt.
The Ulu Project is situated in Nunavut’s Kitikmeot region, about 525 kilometres north-northeast of Yellowknife and hosts the advanced-stage Flood Zone deposit, where a major high-grade gold resource has been identified. This is a true value opportunity in a vastly underexplored, mineral-rich part of the world. Read on.
Now, drill results have determined that a significant high-grade gold resource exists at the Flood Zone deposit (Ulu Property), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma Projects.
In the News
On
October 20th, Blue Star provided an extensive update on its 2021 exploration program. Twenty-five drill holes completed for 5,012m of diamond core drilling evaluated 11 targets in six target zones and 2,534 core samples were collected for analysis.
- Excellent results delivered from first two holes of the program (announced previously); and rushed results from a new vein system.
- New vein system discovered (see news release dated September 1, 2021) that returned 8.15m of 20.8 g/t gold approximately 750 metres northeast of the Flood Zone deposit; two Flood Zone holes returned 4.91m of 19.1 g/t gold, 7.00m of 6.9 g/t gold, and 2.64 metres of 13.0 g/t gold (see news release dated September 22, 2021).
- Flood Zone style mineralization intersected in several proximal targets including down to the 300m vertical level at the Central Zone and up to 2.5m wide in the Axis Zone.
- The technical team has begun a detailed assessment and evaluation of the program results which will continue through to year end as the balance of the assays are received.
- Second consecutive successful exploration season with no COVID issues; 471 tests completed during the program.
- 2,495-line kilometres of airborne magnetometry data was collected.
- Remediation effort relocated 5,134 (compacted) cubic metres of historical solid waste to the approved landfill to satisfy the Company's Land Use Permit.
- Safely completed inspections by CIRNAC and the Kitikmeot Inuit Association.
Blue Star's CEO Grant Ewing, commented:
"We successfully tested several prospective target areas during the drilling component of the current program. The discovery of a new vein system approximately 750 metres northeast of the Flood Zone deposit was an early success, and based on visual observations of the drill core, we anticipate more favorable results as assays from the balance of the program are retuned over the coming weeks."
(Click image to enlarge)
Company Highlights: The Blue Star Investment Opportunity
High Potential District Scale Projects:
- Largest title holder on highly prospective/underexplored Belt
- High-grade gold resource at Ulu Project
- Very prospective / underexplored Hood River & Roma Projects
- Excellent resource expansion potential in robust pipeline of prospects with drill ready targets
- A mining-friendly jurisdiction with transparent regulatory regime and infrastructure
- Experienced discovery-driven team with history of success
- Supportive and engaged Board of Directors.
- Attractive capital structure, pristine balance sheet
- Significant opportunity for value creation based on quality of assets and resource growth potential
That’s checking a lot of the boxes for a small cap, junior explorer, and with the prospect of additional assay results to come from a robust program, a very exciting investment opportunity.
For more information on this investment opportunity, please visit
bluestargold.ca
FULL DISCLOSURE: Blue Star Gold Corp. is a client of Stockhouse Publishing.