Vancouver, British Columbia-(Newsfile Corp.-October 20, 2021)-Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) ("Blue Star" or "Company") provided its 2021 exploration The latest information is located in the Ulu and Hood River projects in the greenstone belt of Nunavut High Lake (Figure 1).
Completed 25 holes for 5,012m diamond core drilling, evaluated 11 targets in 6 target areas; collected 2,534 core samples for analysis (Table 1).
The first two holes of the plan achieved excellent results (previously announced); and hurried results from a new venous system:
The discovered new vein system (see press release on September 1, 2021) returned 8.15m of 20.8 g/t gold, about 750m northeast of the Flood Zone deposit; two Flood Zone boreholes recovered 4.91m of 19.1 g/t gold, 7.00m of 6.9 g/t gold and 2.64m of 13.0 g/t gold (see the press release on September 22, 2021).
The floodplain-style mineralization intersects with several near-end targets, including the central area 300m down vertically and horizontally and the axis area up to 2.5m wide.
The technical team has begun a detailed evaluation and evaluation of the planned results. As the test results are balanced, the evaluation will continue until the end of the year.
For the second consecutive successful exploration season, there were no COVID issues; 471 tests were completed during the planning period.
Collected 2,495 kilometers of airborne magnetic measurement data.
The remediation work transferred 5,134 (compacted) cubic meters of historical solid waste to an approved landfill to meet the company's land use permit (Figure 4).
Safely completed the inspections of CIRNAC and Kitikmeot Inuit Association.
Grant Ewing, CEO of Blue Star, commented: “We have successfully tested several potential target areas in the drilling part of the current plan. A new vein system was discovered about 750 meters northeast of the Flood Zone deposit. This is a For the early success, based on visual observation for core drilling, we expect to re-adjust the analysis results in the planned balance in the next few weeks to obtain more favorable results."
Bluestar launched 2021 exploration activities on June 8, 2021, which include selective camp improvement, equipment evaluation and repair work planning, and a large number of drilling plans. The helicopter-borne magnetic survey started the exploration program in late June and was completed in early July, covering the key target areas of the Ulu and Hood Rivers and extending to the Roma fold target. Drilling work started on July 16th, and restoration activities (landfill site) started on July 15th. The second drilling was conducted on July 31, and drilling continued until September.
A total of 471 COVID tests were conducted throughout the season. This is the second exploration season, and the labor force is COVID-negative.
Exploration boreholes include NFN (Northern Folding Nose) 2 holes 348m, Gnu zone 1,184m 7 holes, central zone 1,520m 6 holes, axial zone 991m 5 holes, 295m 2 holes in the east limb area and flood zone with 3 holes of 674m. Other exploration work includes reviewing selected parts of the historical drill core in the floodplain, selecting the mapping of the structure control of the floodplain, midget, central, eastern fringe and NFN areas, as well as preliminary mapping work for the Crown-Pro Trend and Roma projects . In the Roma project, the directional sampling plan and exploration and selective sampling were carried out, and the exploration and channel sampling were carried out in the Crown-Pro trend.
2021 exploration plan discussion
Flood zone: Three holes were drilled to assess geological complexity and grade distribution issues, and two holes were expanded to assess medium-depth unmodeled and axial zones. The press release dated September 22, 2021 reported on two of the holes, including the interception of 4.91m of 19.1 g/t gold and 2.64m of 13.0 g/t gold. Other tests are waiting.
Due to its proximity to the flood zone and the existing underground development zone, the axis zone is considered a high priority target area. Drilling in the area gradually spread along the surface manifestations of alteration and mineralization, and these changes were interpreted as propagating along the Ulu fold axis immediately east of the flood zone (Figure 3). Although the type of mineralization is close and similar to the flood zone, no company has drilled the area since the initial drilling in 1990. Four holes were drilled to cover about 200m of direction and 150m of vertical depth. The silicified zone intersects with the needle-shaped arsenopyrite in the floodplain, and the width is up to 2.50m. Testing is in progress.
The central zone is three sub-parallel zones with the Flood Zone deposit occurring on the east side of the Ulu fold hinge, which can extend to the southeast and converge with the East Limb Zone. Historical drilling in the area is very shallow; three-hole fences are used to test all three central areas. The silicified zone and floodplain-type needle-like arsenopyrites have a width of 2.0m and a vertical depth of 300m. The fourth hole protruding from the deepest test and the shallow test inferring the merging of the central axis are also part of this drilling. Testing is in progress.
The Gnu area was previously modeled as a monolithic mineralization, but the data compilation shows that there are at least two types of mineralization in two different directions. Three boreholes were used to test needle-like arsenopyrite mineralization, and six boreholes were used to evaluate two separate polymetallic quartz vein targets. The two types of mineralization intersect each other. The preliminary results in this area include 8.15 million 20.8 grams/ton of gold (the press release date is September 1, 2021). Other test results are yet to be determined. Many untested targets still exist in this area.
NFN area: A small program composed of two boreholes (21BSG013, 21BSG017) in the NFN area is used to define the complete cross-section of the folded formation. Both holes intercept the target polymetallic vein. This part will be used with historical drilling to better define the fold, and more importantly, the sinking of the hinge line. All tests are waiting.
East Limb: A borehole (21BSG003) evaluated the dip of the basalt-sediment interface on the east side of the Ulu fold, and a borehole (21BSG019) was used to better define the dip of the mapped mineralization zone. The arsenopyrite belt intersects in the two holes. Testing is in progress.
The initial field work was to assess the known targets and geological control of potential mineralization in the Crown-Pro trend in the Hood River area. This involves limited wide-spacing surveying and surveying cross-sections, as well as a detailed assessment of the inferred axial plane shear zone associated with the close folding of the geological unit—a feature similar to that of known high-grade floodplain deposits. The next steps include a complete compilation of historical work, leading to the generation of targets along the Crown-Pro folding axis, similar to the work performed on the Ulu folding axis in 2021.
The recently acquired 100% owned Roma project received limited detailed drawings and samples when drilling preparations to approach the Roma Main and Roma Fold targets of drilling preparations. Roma Fold is the focus of helicopter magnetic measurement. The results of exploration samples are to be determined. According to the data compilation, closely spaced basic sample drift exploration lines were carried out on some properties with little or no historical work. It is expected that this work will set the next level of goals for the subsequent Roman property. The results will be released after receipt and review.
Table 1: Summary of diamond drilling.
To view an enhanced version of Table 1, please visit: https://orders.newsfilecorp.com/files/2421/100213_table.jpg
Figure 1: Bluestar property map. To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2421/100213_218ee4dc94e6ca6c_004full.jpg
Figure 2: Map of the Ulu and Hood River regions. To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/2421/100213_figure2.jpg
Figure 3: Diagram of the drilling plan for 2021. To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/2421/100213_218ee4dc94e6ca6c_011full.jpg
Figure 4: Changes in garbage dumps from July to September 2021. To view an enhanced version of Figure 4, please visit: https://orders.newsfilecorp.com/files/2421/100213_218ee4dc94e6ca6c_012full.jpg
The exploration activities evaluated the known high-grade floodplain deposit areas of the Ulu project and high-potential targets along the Ulu folding hinge. There are many priority targets along the 5-km-long Ulu anticline, which extends from the sediments of the floodplain to the neighboring Hood River project to the northern fold nose zone. The goals of the 2021 plan include a better understanding of the control of high-grade areas within the hosting structure, evaluation of other structures on and near the Ulu folding hinge, and expansion and filling of previously known but under-tested mineralized zones.
The results of the analysis of the program balance will be reported upon receipt. The complete collar list and laboratory test form will be available on the website in due course. The core sample is being cut by the core saw, half of the core is retained, and the other half is sent for analysis. The samples were prepared by ALS Yellowknife-Geochemistry and analyzed at ALS Global in North Vancouver. Gold analysis is a multi-element analysis using ALS code Au-AA26 through fire analysis and code ME-MS61. The control sample includes crushing replicates for every 20 samples; a certified reference substance is inserted every ten samples. The reported detection interval uses the minimum 2 g/t gold detection cut-off value, including materials 3m below the cut-off value. Due to lack of drilling, the true width of all areas except the floodplain is unknown, and its range may be 30% to 90% of the drilled length.
Darren Lindsay, P. Geo. Blue Star's vice president of exploration is a qualified person under National Instruments 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this press release.
About Bluestar Gold
Blue Star is a gold company focused on exploration and development in Nunavut, Canada. The company owns the Ulu Gold Property lease, an advanced gold project, and the promising Hood River property adjacent to the Ulu mining lease. Through the recent acquisition of the Roma project, Blue Star now controls more than 16,000 hectares of high-prospect and undeveloped minerals in the Nunavut High Lake Greenstone Belt. The Flood Zone deposit (Ulu lease) has important high-grade gold resources, and there are many high-grade gold mines and priority targets throughout the Ulu, Hood River and Roma projects.
Blue Star is listed on the TSX Venture Exchange under the code: BAU and listed on the Frankfurt Stock Exchange under the code: 5WP0. For information about the company and its projects, please visit our website: www.bluestargold.ca.
For more information, please contact: Grant Ewing, P. Geo., CEO Tel: +1 778-379-1433 Email: info@bluestargold.ca
Neither TSX Venture Exchange nor its regulatory service provider (as the term is defined in the policies of TSX-Venture Exchange) assumes responsibility for the adequacy or accuracy of this press release.
Notes on forward-looking statements and information
This press release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as "expects", "intends", "plans", "targets", "seeks", "believes", "projects", "estimates", "anticipates", "strategies", etc. "Future", "may", "may", "should", "will" and similar references to future periods. Examples of forward-looking statements include, among other things, our expectations regarding expected revenue and revenue, expected levels of capital expenditures for the fiscal year, the impact of claims on our financial condition, litigation, environmental costs, contingent liabilities, and government and regulatory investigations and Litigation, and an estimate of the mineral resources and reserves of our properties.
Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs, expectations and assumptions about the future of the business, future plans and strategies, forecasts, anticipated events and trends, the economy and other future conditions. Because forward-looking statements are related to the future, they are subject to inherent uncertainties, risks and environmental changes. These changes are difficult to predict, many of which are beyond our control. Our actual results and financial conditions may differ materially from those shown in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that may cause our actual results and financial conditions to differ materially from the results described in the forward-looking statements include: economic and financial conditions, including interest rate and exchange rate volatility, commodity and stock prices, and the value of financial assets, strategies Actions, including acquisitions and disposals and the success of our integration of the acquired business into our operations, developments and changes in laws and regulations, including strengthening the supervision of the mining industry through legislative actions and amendments to the rules and standards applicable by the regulatory agencies. Changes in the prices of special institutions, fuels and other key materials, as well as supply chain disruptions, closures or slowdowns of these materials, as well as changes in labor costs and labor difficulties, including work stoppages that affect our operations or suppliers’ delivery of goods and capabilities to provide us with Services, as well as natural severe weather, fires, floods and earthquakes, or man-made or other interruptions to our equipment, as well as our inaccurate estimates of mineral resources and/or mineral reserves.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100213
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