Blue Star Gold to Mobilize 2021 Exploration Drilling Program in Early June

26 May 2021

News Release, Vancouver, British Columbia--(Newsfile Corp. - May 26, 2021)

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP) ("Blue Star" or the "Company") announces that it plans to mobilize its summer exploration program in early June 2021. The program will entail a minimum 5,000 metre diamond drilling program designed to test high priority targets on its Ulu and Hood River projects and further refinement of target areas throughout its highly prospective landholdings.

Highlights:

  • Blue Star 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.
  • Targets for the upcoming 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.
  • This will be the first program developed and operated by Blue Star's new team that has been involved with important gold discoveries in Nunavut.

Blue Star's CEO, Grant Ewing, commented, "The 2021 exploration program will be the first drilling conducted following an extensive review and compilation of the entire historic Ulu dataset, and the first program led by the Company's new technical team that has a long history of success in Nunavut. Numerous high-quality targets will be tested during the upcoming program with a focus on areas proximal to the existing high-grade Flood Zone gold resource. The extent of the high-grade gold showings and the presence of different styles of gold mineralization throughout our projects present the Company with multiple opportunities for new discovery and resource growth."

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