Blue Star Gold Drills 8.15 Metres of 20.8 g/t Gold in New Vein System at Ulu

1 September 2021

Vancouver, British Columbia--(Newsfile Corp. - September 1, 2021) - Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WPO) ("Blue Star" or the "Company") provides an update on its 2021 drill program at the Ulu and Hood River Projects and the maiden exploration campaign on the Roma Project, all located in the High Lake Greenstone Belt, Nunavut.

Highlights from the on-going program

  • Hole 21BSG007: a follow up hole below 21BSG005 intersected a new vein system in the Gnu area returning results of 8.15 metres ("m") of 20.8 gram per tonne ("g/t") gold (from 162.10 to 170.25m). Visible gold was observed while core logging, remaining results pending.
  • Holes 21BSG001 and 21BSG002 targeting key areas of the Flood Zone; both intersected target areas of multi-metre lengths of disseminated fine-grained acicular arsenopyrite mineralization and zones of intense replacement of basalt breccia fragments with massive, felted acicular arsenopyrite. Visible gold was observed while core logging, results pending.
  • Hole 21BSG005: targeting an acicular arsenopyrite trend at the Gnu Zone intersected the expected style of mineralization over approximately 2m at a vertical depth of >100m. Assays pending.
  • Holes 21BSG009, 21BSG010, 21BSG011: fence of Central Targets intersected target Central C zone over a vertical depth of 70m to 300m. Assays pending.
  • A 2,495-line km detailed airborne magnetic survey was successfully completed over key target areas on all projects. Final data processing is nearing completion.
  • Maiden field program at Roma successfully completed ranging from field evaluation of known historical high priority targets, mapping, rock sampling and drift prospecting of key target areas.


Currently two drills are operating on the property with 3,000m of diamond drilling completed to date in 14 drill holes representing approximately 55% of the planned metres. Drilling to date has focused on targets proximal to the historical Flood Zone resource area with the initial two holes evaluating lightly drilled geologically complex areas in the Flood Zone. Subsequent drilling has evaluated parallel altered and mineralized trends within 500m of the Flood Zone and stepped out to the Gnu Zone for revaluation of historical drilling. Drilling has recently commenced on the North Fold Nose ("NFN") Zone which was a focus of previous programs. Additionally maiden field programs were undertaken at select targets on the Roma Project after the completion of a detailed heliborne magnetometry survey over a portion of the Project area.

"The exploration campaign is progressing exceptionally well given some early start up hurdles," commented Darren Lindsay, Vice President Exploration. "Drilling is systematically evaluating our targets however the drill program remains very adaptive to the rocks we see coming from each target test. As a result, some meterage will be re-allocated to follow up on the excellent results from 21BSG007 as subsequent field work has confirmed this as a significant new target in the Gnu Zone and could be the team's first new discovery on the Blue Star Projects. The majority of holes completed to date display expected sulphide mineralization similar to those encountered in historical drilling and the 2019 and 2020 drill campaigns."

Discussion of 21BSG007 partial results

The majority of assays for drill hole 21BSG007 are still pending with the exception of a strongly veined section intersected above the target horizon. This section consisted of generally white quartz veining within a highly strained and altered gabbro unit. The veins contain pyrite, pyrrhotite, and sphalerite with minor chalcopyrite, arsenopyrite and local visible gold. This vein system is interpreted to be parallel to the Gnu-Polymetallic target and currently is inferred to be part of a system of veins formed due to slip along sedimentary units located at the contacts of the gabbro body. Field follow up in the area uncovered at least one series of tight shear zones and quartz veins hosting similar sulphide mineralization over 5m - 10m wide and traceable on surface for greater than 60m. Additional work, including more drilling is required to determine the extents of what is believed to be a newly discovered vein system.

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