- GoldSpot Discoveries (SPOT) will apply its machine-learning tech on Blue Star Gold’s (BAU) Nunavut properties
- The exploratory work is intended to produce smart targets for future drilling
- Blue Star is the largest titleholder in the Archean High Lake Greenstone Belt, controlling a 50 km strike with over 40 high-grade gold occurrences
- Blue Star is a gold company focused on exploration and development in Nunavut
- GoldSpot Discoveries is a technology services company in mineral exploration
- Blue Star Gold (BAU) is up by 2.90 per cent and is currently trading at $0.71 per share
- GoldSpot Discoveries (SPOT) is unchanged trading at $0.96 per share
GoldSpot Discoveries (SPOT) will apply its machine-learning tech on Blue Star Gold’s (BAU) Nunavut properties.
The exploratory work is intended to produce smart targets for future drilling.
Blue Star is the largest titleholder in the Archean High Lake Greenstone Belt, controlling a 50 km strike with over 40 high-grade gold occurrences.
The area consists of the Ulu (16 showings), Hood River (22 showings) and Roma projects and has seen approximately 100,000 m of drilling.
The Ulu Project has an estimated resource of 2.5 Mt at 7.5 g/t Au for 605,000 ounces Au. Inferred resources stand at ~1.3 Mt at 5.6 g/t Au for 225,000 ounces Au.
Vincent Dubé-Bourgeois, GoldSpot’s CEO, stated,
“Investors will continue to place a premium on district-size projects that provide the opportunity for multiple large-scale discoveries. We are excited to work with the Blue Star team and to help them define high-priority areas for further exploration.”
Grant Ewing, Blue Star’s CEO, added,
“The extent of the high-grade gold showings and the presence of different styles of gold mineralization throughout our projects present Blue Star with multiple opportunities for new discovery and resource growth.
Our high-quality technical team delivered early success with the current exploration drilling program, with 20.8 g/t Au over 8.15 m returned from a new vein system on our Ulu project.
With the assistance of GoldSpot, Blue Star’s team expects to elevate more targets to drill-ready status and increase the number of targets in our developing pipeline.”
Blue Star is a gold company focused on exploration and development in Nunavut.
GoldSpot Discoveries is a technology services company in mineral exploration.
Blue Star Gold (BAU) is up by 2.90 per cent and is currently trading at $0.71 per share as of 9:30 am ET.
GoldSpot Discoveries (SPOT) is unchanged trading at $0.96 per share as of 9:31 am ET.
