Blue Star Gold 2024 Discovery Exploration Program

26 March 2024

Vancouver, British Columbia – March 26, 2024: Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") today provided an update on its 2024 exploration campaign at the Ulu-Hood River and Roma Projects in the High Lake Greenstone Belt, Kitikmeot Region of Nunavut. The program will focus on new discoveries, resource expansion at or near existing deposits, and evaluation of the Company’s robust target pipeline. 

Exploration Program Highlights and Opportunities

  • The exploration program will be mobilized during the second quarter of 2024
  • Drill testing at Mikigon, a new +500-metre-long grassroots prospect with no drilling in the area, auriferous quartz-arsenopyrite mineralised structure in folded metasedimentary rock units with multiple grab samples in excess of 10 grams/tonne (g/t) gold
  • High potential resource expansion targets from re-interpreted mineralisation north of the Gnu deposit
  • Additional resource expansion targets identified as a result of geological modeling of the Flood Zone deposit, within and adjacent to existing drilling
  • Drill-ready targets supported by geological, geochemical, and geophysical data at the Central Zone, Nutaaq Trend, Rhonda showing, South Zone-Twilight and South Penthouse 
  • Numerous gold and critical mineral targets at Roma to be evaluated with geophysical and mapping/prospecting programs

Blue Star is planning a balanced exploration program which includes mapping/prospecting, geophysical surveying and drilling. Detailed mapping of drill targets and prospecting will be conducted to further refine the controls on mineralisation and new potential target areas. Geophysical work will include drone-based magnetometry, ground-based electromagnetic (EM) surveys, and induced polarisation (IP) surveys to further refine select zones including auriferous critical metal targets. The drilling component will focus on the discovery of new resources at re-interpreted targets, expansion targets, and previously untested targets. 

Grant Ewing, CEO, stated: “Our 2024 campaign leverages the results of a very successful 2023 program. Our large pipeline of high-quality targets has been refined as we prepare for the upcoming season. The drilling component will focus on new discoveries and on resource expansion adjacent to and within known resource centres. As Blue Star finalizes preparation for the 2024 exploration campaign, we are excited by the prospects and look forward to continuing to unlock the district-scale gold and critical minerals potential of the High Lake Belt."