Blue Star Gold Provides Update on 2021 Exploration Program

21 October 2021

Vancouver, British Columbia--(Newsfile Corp. - October 20, 2021) - Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) ("Blue Star" or the "Company") provides an update on its 2021 exploration program at the Ulu and Hood River Projects located in the High Lake Greenstone Belt, Nunavut (Figure 1).

Highlights from the program

  • Twenty-five drill holes completed for 5,012m of diamond core drilling evaluated 11 targets in six target zones; 2,534 core samples were collected for analysis (Table 1).
  • 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 ~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 2.64m 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 km 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 (Figure 4).
  • 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 ~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."

Summary

Blue Star initiated its 2021 exploration campaign on June 8th, 2021 with a program of selective camp improvements, equipment evaluation and planning for remediation efforts and a substantial drill program. Heli-borne magnetometry kicked off the exploration program in late June and completed in early July covering key target areas on Ulu and Hood River and was expanded to cover the Roma Fold target. Drilling was initiated on July 16th and remediation activities (landfill) started on July 15th. A second drill was made available July 31st and continued drilling through September.

COVID testing totaling 471 tests were conducted over the season. This is the second exploration season where the workforce was COVID negative.

Exploration drilling comprised of two holes for 348m at the NFN (North Fold Nose), 7 holes for 1,184m at the Gnu Zone, 6 holes for 1,520m at the Central Zones, 5 holes for 991m at the Axis Zone, 2 holes for 295m at the East Limb Zone and 3 holes for 674m at the Flood Zone. Additional exploration work included reviewing select sections of historical drill core in the Flood Zone, select mapping for structural controls in the Flood, Gnu, Central, East Limb, and NFN zones with preliminary mapping efforts at the Crown-Pro Trend and the Roma Project. An orientation till sampling program along with prospecting and selective sampling occurred on the Roma Project and prospecting and channel sampling occurred on the Crown-Pro trend.

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