September 23, 2021
Blue Star Gold Corp. (TSXV:BAU, BUY, C$1.30 target, Timothy Lee) provided an update and two drill results from its 2021 drill program at its 100%-owned Ulu and Hood River projects located in the High Lake Greenstone Belt, Nunavut. The highlight intercepts included: 1) 19.1 g/t Au over 4.91m and 6.9 g/t Au over 7.00m (21BSG001), which expands the higher grade core to the SE in the Flood zone and 2) 13.0 g/t Au over 2.64m (002), expanding the high grade core into the previously modeled grade gap. These holes were designed to help refine the geological model, but they also encountered robust grades while expanding mineralized zones. Drilling remains ongoing with two drills operating on the property, 4,590m (22 holes) has been completed to date, which amounts to 80% of the planned meters. Blue Star has plans to follow up on drilling to test the potential of the newly discovered vein system that returned 20.8 g/t Au over 8.15m ~750m NE of the Flood zone deposit in the Gnu zone area (read more). The company also completed additional drilling in the Axis zone, the west limb and east limb of the North Fold Nose target and the Central zone. As the company continues to improve its understanding of the geologic controls on Au mineralization, they improve their ability to refine high-priority targets. Read more
