23 June 2026
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2026) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") announces that the Phase 2 drilling program is underway with drilling initially focussed on Nutaaq and Auma, two of Blue Star's many prospective gold targets.
The Phase 1 program focused on advancing targets that are prospective for the discovery of critical mineral-rich volcanogenic massive sulphide (VMS) bodies, all of which are proximal to the known High Lake VMS deposit. Data from this program is being processed, with final targets expected to be ready for drill testing in July. The Phase 2 drilling program has commenced with the initial drill active at the North Nutaaq target and the second drill coring the Bamako target at the Auma Project.
Blue Star is the dominant landholder along the proposed Grays Bay Road and Port corridor in the High Lake Belt, west Kitikmeot Region, Nunavut, Canada (Figure 1). Its properties host the high-grade Flood Zone gold deposit, and numerous gold and critical mineral targets that provide substantial upside potential for resource expansion.
Highlights of Initial Drill Targets
Proposed Auma drill program of 2,000 metres; +400 metres strike length defined by +20 g/t gold in grab samples and visible gold closely associated with pyrrhotite-rich vein selvedges
Historical gopher drill intercept of 15.3 g/t over 2.60 metres (Zone 1, BHP 95BHD-02)
Bamako Zone, highest grab samples up to 151.5 g/t gold, never drill tested
North Nutaaq follow-up of 2025 drill intercept (25UND002) of 7.31 g/t gold over 5.70 metres
Targeting additional parallel structures defined by pyrrhotite/pyrite-rich, silicified alteration trends hosting quartz veining with grab samples up to 115.5 g/t gold
"With a robust pipeline of exploration targets, our off-season work has identified two priority gold targets for the commencement of Phase 2 drilling this season," stated CEO Grant Ewing. "By mid-July, we plan to mobilize a drill rig to evaluate several of our critical mineral targets. We also anticipate conducting scout drilling on additional northern gold targets, including potentially Roma Main and Roma Fold. The stage is set for a high-impact exploration season, supported by a comprehensive program designed to maximize discovery potential and advance resource growth across multiple high-priority target areas."