14 January 2021
Blue Star Gold Corp. announces the final assay results from the 2020 exploration program at its Ulu and Hood River properties. The 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.
Highlights:
•7,621 metres were drilled in thirty-eight diamond drill holes during the 2020 program.
•Ten holes were drilled at the Ulu and Gnu Zone deposits to expand known resources and provide data for resource modeling, and twenty-eight holes were drilled to test exploration targets on both the Ulu and Hood River properties, including fourteen in the North Fold Nose (NFN) Zone.
•Assay results for the final seventeen holes and the balance of assays from two previously reported holes are included in this news release, as well as an overall summary of the 2020 program.
•Highlight gold assay results for the Flood Zone (BS2020ULU-005) reported today include:
o14.95 g/t Au over 13.8 m (upper zone) from 426.2 - 440.0 m; and,
o9.65 g/t Au over 6.00 m (lower zone) from 459.0 - 465.0 m.
•See Tables 1 and 2 below for a summary of the results for the holes reported today, and Table 3 for a summary of all highlight gold composites for the 2020 program.
Next Steps, Upcoming Milestones:
•A comprehensive GIS compilation of all technical data for the projects is ongoing, which will lead to an updated geologic model for the Flood and Gnu Zone deposits.
•An updated resource estimate for the projects is planned to follow the compilation noted above; in addition to the Flood and Gnu Zone deposits, it is anticipated that sufficient data will be available to complete an initial resource estimate for the NFN Zone.