Blue Star Gold Stock Price, News & Analysis

Blue Star Gold Corp has expanded its Roma Project by acquiring the Avalliq property in Nunavut's West Kitikmeot Region. The property features four significant gold prospects: MOV, Silver Bullet, Black Ice, and Cygnet Northern. Notable findings include historical trenching at MOV showing 8.4 g/t Au over 2-meter width, Silver Bullet prospect with grab samples up to 186.1 g/t Au, Black Ice prospect with channel samples up to 11.4 g/t Au, and Cygnet Northern showing +10 g/t Au surface samples. The property's strategic value is enhanced by its proximity to the proposed Grays Bay Road, being less than two kilometers east. The last exploration work was conducted in 2005 when gold prices were around $450/oz, compared to current prices of $3,300/oz. The company plans to conduct SkyTEM airborne surveys and detailed mapping to advance prospects to drill-ready targets.

Blue Star Gold Corp. has reported significant findings at its Roma Main Gold prospect in Nunavut's West Kitikmeot Region. The prospect extends over 2 kilometers with three distinct mineralized zones: North, Central, and South. Surface sampling has revealed impressive grades up to 125.6 g/t gold from a 3-meter wide vein, while historical drilling showed notable intercepts of 12.83 g/t Au over 2.31 meters and 8.76 g/t Au over 1.87 meters, with visible gold present in multiple holes. The prospect is strategically located within 2,200 meters of the proposed Grays Bay Road and near the High Lake VMS deposit. Recent work has refined the structural interpretation, and the company considers the prospect drill-ready, with initial plans to test the Northern Zone's down-dip extension where a bifurcating vein suggests potential system development at depth.

Blue Star Gold Corp. has announced significant critical mineral discoveries at its Roma Project in Nunavut's West Kitikmeot Region. The company made its first massive sulphide discovery (Ataani) in the High Lake Greenstone Belt in over 20 years, with indications of a 1,500-meter VMS horizon. The company's strategic land acquisitions near the High Lake VMS deposits have revealed high-grade copper samples up to 9.99% Cu. The Ataani discovery returned promising results including 0.42% Cu, 1.43% Zn, 9.19 g/t Ag, and 0.13 g/t Au over 17.1 meters. The project's location near the proposed Grays Bay Road and Port infrastructure enhances its development potential. Blue Star is pursuing a dual strategy focusing on high-grade gold resources near its Ulu Gold Project while exploring critical minerals potential across its landholdings.

Blue Star Gold Corp. (BAUFF) has announced significant advances in understanding its flagship Flood Zone deposit in Nunavut's West Kitikmeot Region. The company reported notable deep high-grade gold intercepts, including 12.74 g/t Au over 1.68 metres and 12.18 g/t Au over 0.6 metres at ~950 metres depth, and 14.67 g/t over 7.85 metres at ~590 metres depth.

A new structural model reveals that veins at the northwest end rotate southward, deviating from the known system's southeast trend. The deposit, characterized by gold and arsenopyrite in quartz veins, extends ~450 metres in length and has been drilled to ~1,000 metres depth, remaining open along plunge and down dip.

The company is planning a 2,000 to 4,500 metre drill program to test expansion potential, particularly focusing on the intersection of the mineralized system with the A1 basalt-sedimentary rock contact.

Blue Star Gold Corp. (BAUFF) has announced developments at its Axis prospect, located less than 300 meters from the high-grade Flood deposit on the Ulu Property in Nunavut. The prospect features historical surface grades up to 35.22 g/t Au and shows significant potential based on 2023 IP survey data.

Key highlights include:

• An untested IP chargeability anomaly identified in 2023
• Surface mineralization extending over 200+ meter strike length
• Identical mineralization and alteration styles to the Flood Zone deposit
• A moderately dipping anomaly approximately 170 meters below surface

Previous drilling has not directly evaluated this anomaly, as holes were either too shallow or drilled parallel to the trend. The company plans to test the target with a ~300-meter initial drill hole, with an additional 1,000 meters of drilling contingent on results.

Blue Star Gold Corp. (BAUFF) announces significant progress at its Central prospect, located less than 300 meters from the high-grade Flood Zone deposit at the Ulu Gold Project in Nunavut. The prospect features three gold mineralization zones extending over a 525-meter strike length, positioned approximately 200 meters from existing underground infrastructure.

Key findings include a 2022 drill test that intersected a 40-meter-wide alteration zone grading 0.73 g/t Au near surface. Historical drilling from the 1990s yielded high-grade intercepts of 27.5 g/t Au over 1.09 meters and 21.75 g/t Au over 0.96 meters. Recent geological studies have identified a highly prospective 'A1' basalt unit, which hosts significant Flood Zone mineralization.

The company plans a 1,500-meter drill program to evaluate the Central-C target both down dip and along strike, targeting mineralized structures within the prospective A1-basalt unit.

Blue Star Gold Corp. (BAUFF) has identified a significant new target at its Auma Property in Nunavut, located 15 kilometers west of the proposed Gray's Bay Road. The target features a +400-metre-long high-grade gold strike with visible gold in surface samples.

Key findings include vein-hosted, pyrrhotite-rich mineralization in mafic volcanic rocks and several untested airborne magnetic and conductive trends. Historical drilling revealed notable intercepts, including 15.3 g/t gold over 2.6 metres. Recent sampling by Blue Star confirmed high grades with values up to 47.6 g/t Au in 2023 and 31.7 g/t Au in 2024, with 65% of samples returning >1.0 g/t Au.

The property has seen exploration, with only six short drill holes totaling less than 350 metres. The company plans to conduct ground magnetics and Loupe EM surveys to refine drill targets and better understand the structural setting.

Blue Star Gold announces the extension of its Ataani massive sulphide discovery to over 300 meters, remaining open for further expansion. The discovery, located less than 13 km from High Lake deposits and 6 km from the proposed Grays Bay Road, represents the first new massive sulphide find in the region in approximately 20 years. The company has also completed a strategic 1,587-hectare expansion of its Roma Project near MMG's High Lake deposits. Final drill results from the 2024 Ataani program show significant copper and gold mineralization, with intercepts including 5.00 meters of 0.63% Cu and 0.76 g/t Au.

Blue Star Gold has issued the second tranche of 98,451 common shares at $0.45 per share as part of a loan renewal agreement with director Dr. Georg Pollert. The agreement relates to a $2.54 million loan ($2.44M principal plus $102K accrued interest) with a three-year term at 3% annual interest. A total of 295,354 shares will be issued as a loan bonus in three tranches, with the first tranche issued on October 25, 2023, and the final tranche due by October 25, 2025. The shares are subject to a four-month hold period, and the transaction qualifies for exemptions from formal valuation and minority shareholder approval requirements.