- Blue Star Gold (BAU) announced the company will mobilize its 2021 exploration drilling program in early June
- The company will conduct a minimum 5,000-metre diamond drilling program designed to test high priority targets on its Ulu and Hood River projects
- The Ulu lease and the contiguous Hood River property together encompass greater than 9,000 hectares
- Both properties are located in the High Lake Greenstone Belt north of Yellowknife, Northwest Territories
- Blue Star Gold is down 6.67 per cent, trading at C$0.07 at 1:32 pm ET
Blue Star Gold (BAU) announced the company will mobilize its 2021 exploration drilling program in early June.
The company will conduct a minimum 5,000-metre diamond drilling program designed to test high-priority targets on its Ulu and Hood River projects.
The program will also further refine target areas throughout the company’s highly prospective landholdings.
The Ulu lease and the contiguous Hood River property together encompass greater than 9,000 hectares of highly prospective exploration ground in the High Lake Greenstone Belt north of Yellowknife, Northwest Territories.
Targets for the upcoming program are prioritized based on the impact to existing resources and the potential scale of new discoveries.
“The 2021 exploration program will be the first drilling conducted following an extensive review and compilation of the entire historic Ulu dataset, and the first program led by the Company’s new technical team that has a long history of success in Nunavut. Numerous high-quality targets will be tested during the upcoming program with a focus on areas proximal to the existing high-grade Flood Zone gold resource. The extent of the high-grade gold showings and the presence of different styles of gold mineralization throughout our projects present the Company with multiple opportunities for new discovery and resource growth,” said Blue Star CEO Grant Ewing.
Blue Star is focused on gold exploration and development within Nunavut, Canada. The Company owns the Ulu Gold Property lease, an advanced gold and silver project, and the highly prospective Hood River Property that is contiguous to the Ulu mining lease.
Blue Star Gold is down 6.67 per cent, trading at C$0.07 at 1:32 pm ET.