5 May 2026
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") announces that the Phase I exploration program is now underway across its highly prospective properties in the High Lake Belt, west Kitikmeot Region, Nunavut, Canada (Figure 1). This initial phase comprises ground-based fixed loop electromagnetic (FLEM) surveys designed to refine airborne electromagnetic plate models derived from the 2025 SkyTEM dataset. The program is focused on advancing targets prospective for the discovery of critical mineral-rich volcanogenic massive sulphide (VMS) bodies. These targets are all proximal to the known High Lake VMS deposit and adjacent to the proposed Grays Bay Road (Figure 2).
Highlight Activities of the 2026 Exploration Program
Multiple high-priority target areas, defined from SkyTEM plate modelling and supplemented by compiled historical datasets, will be evaluated through a ground-based geophysical program
Two FLEM crews will complete approximately 80 line-kilometres across proposed survey grids
An 8,000-metre drill program is being planned to test both gold and critical mineral targets
Initial drilling will be undertaken at the Auma Project, targeting high-grade gold mineralization associated with conductive alteration corridors
Follow-up drilling is planned to evaluate the previously reported North Nutaaq intercept of 7.31 grams/tonne gold over 5.7 metres
"This year, we are initiating exploration activities earlier across our highly prospective properties to enable a more comprehensive and efficient program," stated Blue Star's CEO Grant Ewing. "Initial work will focus on generating early-season drill targets for critical minerals, followed by drilling on prioritized gold and critical mineral targets. We anticipate a high-impact year, highlighted by one of our largest drill programs to date, aimed at testing multiple areas with strong potential for resource expansion."
Critical Mineral Targets in the High Lake Belt
The Roma Project hosts numerous critical mineral prospects (Figure 2), including the 2024 discovery of the Ataani massive sulphide body (17.1 metres of massive sulphide, including 2.0 metres of 10.95% zinc and 3.5 metres of 1.46% copper; NR July 24, 2024). The Sand Lake exploration target (historical intersections up to 2.71% Cu over 21 metres; NR April 21, 2026), with the presence of dalmatianite, sodium depletion and high-grade copper values in grab samples (up to 9.99% copper from Cairo, up to 5.17% from Stu), further underscores the strong prospectivity of this sector of the High Lake Belt for additional VMS discoveries.
VMS systems are typically developed as clusters, or "camps," comprising multiple sulphide lenses. The nearby High Lake deposit comprises three distinct lenses. It hosts a mineral resource of approximately 14 million tonnes grading ~2.5% copper and ~3.8% zinc (MMG Limited 2025), underscoring the scale of the system and the potential for additional lenses and deposits to be discovered within the broader camp.