Blue Star Gold Commences Drill Program at its Ulu Gold Project

22 June 2022

On June 22, Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) announced that its drill program has commenced, with the first drill hole on the Flood Zone now completed. The exploration program consists of a multi-prong approach including airborne and ground geophysics, regional geochemical sampling, prospecting, and mapping, and a focused diamond drilling program. The work program will be carried out across the Company’s Ulu, Hood River, and Roma projects with two key focuses: infill and expansion drilling, and pipeline target review and development throughout the prospective landholdings.

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 three projects including the Ulu Gold project, the contiguous Hood River project, and the Roma project. The Ulu project hosts the Flood Zone deposit, where a significant high-grade gold resource has been outlined.

Highlights:

  • The first diamond drill hole of the exploration program, collared on the Flood Zone, has been completed with an excellent production and recovery rate.
  • A heliborne magnetics geophysical survey has completed 90% of the ~3,000-line km planned for the Roma and the Ulu-Hood River surveys.
  • Ground magnetics and VLF-EM surveying of select targets areas (Gnu Zone and other pipeline target areas) is approximately 50% complete.
  • Priority targets from the target pipeline are actively being reviewed with the goal of bringing at least three high potential targets to drill ready status this season.

Blue Star’s CEO, Grant Ewing, commented, “The launch of our 2022 exploration program has been executed very efficiently. The multi-prong program will entail drill testing several high priority targets close to the Flood Zone deposit and progressively advance the extensive pipeline of targets throughout our landholdings. The initial drill holes will test potential extensions to the Flood Zone deposit followed by testing targets in the Gnu Zone area where a new high-grade vein system was discovered by Blue Star in 2021.”

View Details