- Blue Star Gold Corp. (BAU) has drilled the first drill hole on the Flood Zone at its Ulu Gold Project
- The 2022 exploration program consists of a multi-prong approach including airborne and ground geophysics, regional geochemical sampling, etc
- The work program will be carried out across the company’s Ulu, Hood River, and Roma projects with two key focuses: infill and expansion drilling, and pipeline target review
- Blue Star is a gold company focused on exploration and development within Nunavut
- Blue Star Gold Corp. was unchanged at $0.62 at 10:46 AM ET
Blue Star Gold’s (BAU) has drilled the first drill hole on the Flood Zone at its Ulu Gold Project.
The exploration program consists of a multi-prong approach including airborne and ground geophysics, regional geochemical sampling, prospecting, and mapping, and a focused diamond drilling program.
The work program will be carried out across the company’s Ulu, Hood River, and Roma projects with two key focuses: infill and expansion drilling, and pipeline target review and development throughout the prospective landholdings.
Blue Star is the largest title holder in the highly prospective and underexplored High Lake Greenstone Belt in Nunavut, controlling +45 km of the Belt.
The company holds a 100 per cent interest in three projects including the Ulu Gold project, the contiguous Hood River project, and the Roma project. The Ulu project hosts the Flood Zone deposit, where a significant high-grade gold resource has been outlined.
The first diamond drill hole of the exploration program, collared on the Flood Zone, has been completed with an excellent production and recovery rate.
A heliborne magnetics geophysical survey has completed 90 per cent of the ~3,000-line km planned for the Roma and the Ulu-Hood River surveys.
Ground magnetics and VLF-EM surveying of select targets areas (Gnu Zone and other pipeline target areas) is approximately 50 per cent complete.
Priority targets from the target pipeline are actively being reviewed with the goal of bringing at least three high potential targets to drill ready status this season.
“The multi-prong program will entail drill testing several high priority targets close to the Flood Zone deposit and progressively advance the extensive pipeline of targets throughout our landholdings,” stated Blue Star’s CEO, Grant Ewing.
“The initial drill holes will test potential extensions to the Flood Zone deposit followed by testing targets in the Gnu Zone area where a new high-grade vein system was discovered by Blue Star in 2021,” he added.
Blue Star is a gold company focused on exploration and development within Nunavut, Canada.
Blue Star Gold Corp. was unchanged at $0.62 at 10:46 AM ET.
