Blue Star Gold Drills 4.91 Metres of 19.1 g/t Gold in Flood Zone at its Ulu Project

24 September 2021

News Release, Vancouver, British Columbia--(Newsfile Corp. - September 22, 2021) - Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) ("Blue Star" or the "Company") provides an update on its 2021 drill program at the Ulu and Hood River Projects located in the High Lake Greenstone Belt, Nunavut.

Highlights from the on-going program

  • 21BSG001 returns 4.91 metres ("m") of 19.1 grams per tonne ("g/t") gold and 7.00 m of 6.9 g/t gold in Flood Zone lenses; expands higher grade core to the southeast.
  • 21BSG002 returns 2.64 m of 13.0 g/t gold in the Flood Zone; expands high grade core into previously modeled grade gap.
  • Follow up drilling to test the potential of the newly discovered vein system (see news release dated September 1, 2021) that returned 8.15 m of 20.8 g/t gold ~750 metres northeast of the Flood Zone deposit in the Gnu Zone area is underway.
  • Additional drilling completed: 21BSG009, 21BSG015, 21BSG016 and 21BSG018 intersected northwest trending Flood Zone style acicular arsenopyrite mineralization over approximately 275 metres in the Axis zone.
  • Additional drilling completed: 21BSG013 and 21BSG017 intersected polymetallic bearing quartz veins on the west limb and east limb of the NFN (North Fold Nose) target.
  • Additional drilling completed: 21BSG014 successfully intersected acicular arsenopyrite at a vertical depth of 300m in the Central Zone.

Summary

Currently two drills are operating on the property with 4,590m of diamond drilling completed to date in 22 drill holes representing approximately 80% of the planned meters. Drilling to date has focused on targets proximal to the historical Flood Zone resource area with two holes reported today evaluating lightly drilled, geologically complex areas in the Flood Zone. Subsequent drilling has evaluated parallel altered and mineralized trends within 750m of the Flood Zone which include the Axis and Central Zones and targets within the Gnu Zone area. Additional drilling also included the NFN target approximately 5 kms to the north along the Ulu fold hinge.

"Flood Zone drilling this year was very selective to assist in refining the geological modeling with the results announced today indicating that even drilling for geology provides robust grade and widths. The campaign to date has successfully tested portions of the proximal Axis and Central zones, located roughly 125m and 250m northeast of the Flood Zone resource respectively. The team is very excited about evaluating the intersection of these two mineralized trends as they approach the Gnu Zone which now contains at least four sub-target areas defined by their style of mineralization," commented Darren Lindsay, Vice President Exploration.

Having recently completed a site visit, CEO Grant Ewing stated, "The current field program is operating smoothly, and it is very encouraging to see the continued strong results from the Flood Zone drilling, and from the new vein system discovered in the Gnu Zone area ~750 metres to the northeast. The current technical team have developed a strong understanding of the geologic controls of the mineralization and are adept at using visual observations of the drill core to aid in the targeting and testing of high priority targets. This is especially important given the slow turnaround of assay results from the lab."

Read the full release here.