Blue Star Reports Initial Assay Results for Massive Sulphide Discovery: 17.1 Metres of 0.973% Copper Equivalent

5 September 2024

Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") provides an update on the critical minerals component of its exploration program at the Ulu and Roma Projects in the Kitikmeot region of Nunavut.

Assay results are available for the first of five drill holes completed on the HI01 target on the Roma Project. This target is being renamed the Ataani Target; Ataani having the meaning of underneath/beneath in the local dialect. This name reflects the discovery of the massive sulphide lens below a flat lying diabase sill.

Highlights

  • First drill hole on Ataani returns 17.1 metres of 0.973% copper equivalent
    • Or 17.1 metres of 0.42% Cu, 1.43% Zn, 0.03% Pb, 9.19 g/t Ag, and 0.13 g/t Au
    • Or gold equivalent grade of 1.563 g/t over 17.1 metres
    • Includes 2.0 metres from 228.3 to 230.3 metres of zinc rich mineralization grading 0.08% Cu, 10.95% Zn, 0.11% Pb, 4.33 g/t Ag, and 0.12 g/t Au and 3.5 metres from 236.3 to 239.8 metres of copper rich mineralization grading 1.46% Cu, 0.15% Zn, 0.01% Pb, 25.68 g/t Ag and 0.293 g/t Au
  • A 37.25 metre mineralized zone of stringer to massive sulphides was intersected in the second hole drilled downdip (assays are pending)
  • All five Ataani drill holes (total of 1,365 metres drilled) intercepted massive sulphide mineralisation

Grant Ewing, CEO of Blue Star stated, "This is the first exploration program where we have focused on gold exploration and assessing some of our high priority critical mineral targets. Blue Star's exploration team delivered an excellent result with the discovery of the Ataani massive sulphide lens with the first drill hole on the target. There is substantial potential for the discovery of additional near surface massive sulphide lenses in the immediate area as the gossan trends under a small lake to the south, and only ~20% of the HI01 property has been evaluated to date. Being proximal to the proposed Grays Bay Road (~6 km) and the High Lake VMS Deposit (~12 km) is another excellent attribute of the Ataani discovery."

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