Blue Star drills 0.73 g/t gold over 40.24 metres at Ulu, Nunavut

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Blue Star Gold Corp. [BAU-TSXV; BAUFF-OTCQB; SWP0-FSE] reported additional results from its 2022 exploration program across the prospective 100%-owned Ulu, 100%-optioned Hood River and Roma projects located in the Kitikmeot region of Nunavut.

Program highlights include 3,865 metres of drilling in 28 holes that were completed during the 2022 program. A 3,055 line-km airborne magnetics survey was completed, providing complete coverage over the company’s extensive landholdings.

A regional till sampling program on the Roma Project was completed. In addition to confirming strong till trains for the known targets, several prospective new target areas were identified.

Over one-half of the >100 mineral showings in the ‘target pipeline’ were reviewed, prospected, and mapped, resulting in the identification/confirmation of several prospective target areas. Examples include the Zebra-Dagg corridor with a 900-metre-long section of the Ulu fold hinge located ~1,800 metres NNW of the Flood deposit; with only three short historic drill holes; 875-metre-long Gravy showing located ~ 5,500 metres ESE of the Flood deposit, may link to the Crown Trend providing a composite 2,200-metre-long corridor; no drilling has been recorded in the Gravy area however one drill casing was located nearby; ~700-metre-long Bouncer structure located ~1,700 metres west of the Flood deposit, no drilling has been conducted on this extensive zone.

Drill hole DD22-CEN-002 returned a 40.24 metre interval of moderately to strongly altered rock containing 0.73 g/t gold starting at 126.76 metres downhole, including 2.49 metres of 2.70 g/t gold and 5.42 metres of 1.35 g/t gold.

Drill hole DD22-CEN-003 returned 2.5 metres of 4.24 g/t gold, including 1.59 metres of 5.59 g/t gold starting at 112.29 metres downhole. Drill hole DD22-IGU-001A intercepted a new shallow vein at Nutaaq (Gnu) zone with 1.18 metres of 6.78 g/t gold, including 0.69 metres of 10.25 g/t gold.

Excellent progress made in improving the condition of the overall Ulu site (i.e., legacy waste clean up).

A final drill hole at the Gnu (Nutaaq) Zone, DD22-IGU-001A is reported that was evaluating a blind vein intersected in DD22-MIQ-001 earlier in the season which returned 0.68 metres of 1.06 g/t gold.

The company’s properties are located approximately 525 km NNE of Yellowknife, Northwest Territories in the Kitikmeot region of western Nunavut. The hamlet of Kugluktuk is approximately 210 km to the NW. The Roma property lies approximately 30 km north of the Ulu-Hood River property. The total area of Blue Star’s projects encompasses 267 km2 of the highly prospective and underexplored High Lake Greenstone Belt.

The Ulu lease and the contiguous Hood River property together encompass greater than 12,000 hectares (120 km2) of highly prospective exploration ground. The recent acquisition of the prospective and underexplored Roma property that lies approximately 30 km north increased the Company’s landholdings by more than 14,000 hectares (140 km2) in the High Lake Greenstone Belt.

The Ulu mining lease hosts the advanced stage Flood Zone gold deposit, where a significant high-grade gold resource has been outlined. Several additional gold prospects (including, but not limited to, Zebra, Contact, Central, Axis, and Gnu) are spatially related to the axis of the 5 km long Ulu Fold, which extends from the Ulu lease onto the northern part of the Hood River property and culminates at the North Fold Nose Zone.

The Roma project lies in the northern section of the High Lake Greenstone Belt. The project covers high-grade gold showings discovered by previous explorers, notably BHP Minerals from 1988 to 1994.

The site of the future deep-water port at Gray’s Bay is 40 – 100 km to the north of the properties, and the proposed route corridor for the all-weather Gray’s Bay Road passes in close proximity to the Roma, Ulu, and Hood River projects.

Blue Star is a gold company focused on exploration and development within Nunavut, Canada. Blue Star’s landholdings total approximately 270 km2 of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut. The company owns the Ulu Gold Property mining lease, an advanced gold project, the highly prospective Hood River Property that is contiguous to the Ulu lease, and the Roma Project. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma projects.

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