Blue Star Exploration Program Update

20 July 2023

Vancouver, British Columbia – July 20, 2023: Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0)  (“Blue Star” or the “Company”) announces that its 2023 exploration program is well underway. The program includes a multi-prong exploration effort across the Company’s Ulu Gold Project and the Roma Project with two key focuses: identification and mapping of key areas to define the presence and location of chemically distinct lithological units closely associated with strong gold mineralisation, and drill targeting resource infill and potential new discovery areas. Geophysical surveys, ground-truthing pipeline targets, mapping, and prospecting will be used to advance targets throughout Blue Star’s highly prospective landholdings.

Blue Star’s CEO, Grant Ewing, commented, “Several high potential target areas will be assessed during the program as we work to make significant new discoveries throughout our prospective landholdings. The current program is building off knowledge acquired in prior years with respect to new mineralisation styles, geochemical and structural controls, as well as the continued systematic evaluation of the extensive target pipeline.”

Recap of the 2022 Exploration Program

Blue Star’s 2022 exploration program consisted of diamond drilling (~3,800 metres in 28 drill holes), sampling of historic drill core, high resolution airborne magnetic surveying (3,055 km), ground-based VLF-EM surveying, lithogeochemical studies, mapping, prospecting, and continued remediation activities.

  • The Ulu Gold Project Mineral Resource Estimate was updated during the year:
    • Measured and Indicated Resource of 2.535 million tonnes at an average grade of 7.02 grams per tonne ("g/t") gold for 572,000 ounces of gold;
    • Inferred Mineral Resource of 1.283 million tonnes at an average grade of 7.34 g/t gold for 303,000 ounces of gold.
  • 2022 drilling highlights included:
  • Flood Zone: 15 g/t gold over 17.65 metres, including a 6.00 metre interval of 25.74 g/t gold from DD22-FLO-002 — representing the highest value (grams gold times width metres) of all intercepts drilled by the Company;
  • Flood Zone: DD22-FLO-001 returned 6.52 g/t gold over 17.4 metres, including 9.96 g/t gold over 6.3 metres starting at 4.40 m downhole;
  • Gnu Zone: DD22-MSK-005 returned 8.18 g/t gold over 4.2 metres, including 13.53 g/t gold over 2.19 metres starting at 94.08 metres downhole;
  • Gnu Zone: DD22-MSK-001 returned 8.50 g/t gold over 2.4 metres, including 20.10 g/t gold over 0.60 metres starting at 124.24 m downhole; and
  • Sampling of previously unsampled core around an historical Flood Zone intercept in drill hole 04UL-02 expanded the interval to 3.18 g/t gold over 31.10 metres (includes the original interval of 6.91 g/t gold over 7.45 metres).

2023 Exploration Program Summary

Blue Star is continuing to build and assess its extensive target pipeline with a focus on expanding the current resource areas and prioritising several new targets. The technical team’s improved understanding of the geological controls on mineralization following the last two successful field programs has led to advancing target areas to drill ready (Zebra Zone and South Zone) and moving other targets up the priority sequence for additional evaluation. In addition, new priority targets developed as a result of detailed geological assessment include the Dagg, Twilight and Flood Zone polymetallic veins (Figure 1). More …

View Details