Blue Star’s Flood Zone Drilling Returns 3.66 Metres of 8.46 g/t Gold on a New Structure, and Intercepts 2.01 Metres of 10.38 g/t Gold to Extend the Flood Zone

3 October 2024

Vancouver, British Columbia – October 3, 2024: Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") provides an update on drill holes evaluating a recently interpreted shallow dipping structure in the Flood Zone hanging wall and the initial drill evaluation of the Mikigon prospect from its 2024 exploration program on the Ulu Gold Project in the Kitikmeot region of Nunavut (Figure 1).  
 
Highlights 

  • Targeted Flood Zone structure returns 3.66 metres of 8.46 g/t Au including 1.00 metre of 15.25 g/t Au
  • Extended Flood Zone with drillhole intercepts of 9.61 metres of 1.83 g/t Au including 1.36 metres of 3.66 g/t Au, and 3.22 metres of 7.52 g/t Au including 2.01 metres of 10.38 g/t Au in a 30-metre step-out from the existing resource model
  • Mikigon drilling indicates a pathfinder halo for the system that includes 1+ g/t Au intervals associated with quartz veining, arsenopyrite and elevated bismuth and tellurium values 

Grant Ewing, CEO of Blue Star stated, “New ideas targeting around the Flood Zone have resulted in some strong mineralization to add to our resource model with both the extension of the existing model and a new model for a hanging wall zone. The Company conducted its first pass limited drill program testing the Mikigon target that returned low grades however we now have drill core data to work with to potentially lead to a discovery at this intriguing target.”

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