- Blue Star Gold Corp. (BAU) has provided updates on its 2021 exploration program at the Ulu and Hood River projects based in Nunavut
- The program completed 25 drill holes for 5,012 metres of diamond core drilling and evaluated 11 targets in six target zones
- A new vein system discovered returned 8.15 metres of 20.8 g/t Au over 750 metres of the projects Flood Zone deposit. Two holes from the Flood Zone yielded 4.91 metres of 19.1 g/t Au, 7.00 metres of 6.9 g/t Au and 2.64 metre of 13.0 g/t Au
- The technical team began a detailed assessment and evaluation of the program results which will continue to the end of the year as the balance of the assays are received
- Objective of the program include better understanding of higher-grade zones within the hosting structures, evaluating additional structures on and adjacent to the Ulu fold hinge, and expanding and infilling previously known, but under-tested, mineralized zones
- Blue Star Gold Corp. (BAU) is up 4.478 per cent and is trading at $0.70 per share at 1:36 p.m. ET
Blue Star Gold Corp. (BAU) has provided updates on its 2021 exploration program at the Ulu and Hood River projects based in Nunavut.
The program completed 25 drill holes for 5,012 metres of diamond core drilling and evaluated 11 targets in six target zones.
2,534 core samples were collected for analysis.
Results were delivered from the first two holes and rushed results from a new vein system.
The new system discovered returned 8.15 metres of 20.8 g/t Au over 750 metres of the project’s Flood Zone deposit. Two holes from the Flood Zone yielded 4.91 metres of 19.1 g/t Au, 7.00 metres of 6.9 g/t Au and 2.64 metres of 13.0 g/t Au.
The Flood Zone mineralization intersected in several proximal targets including down to a 300-metre vertical level at the Central Zone and up to 2.5 metres wide in the Axis Zone.
The technical team began a detailed assessment and evaluation of the program results which will continue to the end of the year as the balance of the assays are received.
It was the second consecutive successful exploration season with no COVID issues.
A 2,495-kilometre line of airborne magnetometry data was collected.
The program safely completed inspections by CIRNAC and the Kitikmeot Inuit Association.
Blue Star began its exploration campaign in June with a program of selective camp improvements, equipment evaluation and planning for remediation efforts and a substantial drill program.
Objectives for the program include a better understanding of higher-grade zones within the hosting structures, evaluating additional structures on and adjacent to the Ulu fold hinge, and expanding and infilling previously known, but under-tested, mineralized zones.
Blue Star Gold Corp. (BAU) is up 4.478 per cent and is trading at $0.70 per share at 1:36 p.m. ET.
