Blue Star Gold Stock Price, News & Analysis

Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) has provided an update on its 2024 exploration program at the Roma Project in Nunavut. The company's second drill hole at the Ataani discovery returned 7.20 metres of 1.145% copper equivalent (CuEq) within a 26.9-metre zone of 0.576% CuEq in stringer to massive sulphide mineralization. The third drill hole intersected 1.7 metres of 0.880% CuEq.

CEO Grant Ewing highlighted the potential for a large system in the area, noting the proximity to the proposed Grays Bay Road and the High Lake VMS Deposit. The company completed a 1,365-metre drilling program following initial electromagnetic surveying. Results from two additional drill holes are pending. Blue Star plans to conduct deposit modeling after receiving all assay data to determine impacts on the resource base and prioritize targets for 2025.

Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) has reported initial assay results from its exploration program at the Ulu and Roma Projects in Nunavut. The company discovered a massive sulphide lens at the newly named Ataani Target, with the first drill hole returning 17.1 metres of 0.973% copper equivalent. Highlights include:

- 17.1 metres grading 0.42% Cu, 1.43% Zn, 0.03% Pb, 9.19 g/t Ag, and 0.13 g/t Au
- Gold equivalent grade of 1.563 g/t over 17.1 metres
- All five Ataani drill holes intercepted massive sulphide mineralization
- The discovery is proximal to the proposed Grays Bay Road (~6 km) and High Lake VMS Deposit (~12 km)

The company's CEO, Grant Ewing, emphasized the potential for additional near-surface massive sulphide discoveries in the area. Assay results for the remaining drill holes are pending.

Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) has provided an update on its 2024 exploration program at the Ulu Gold Project and Roma Project in Nunavut. Key highlights include:

- Completion of 16 diamond drill holes across five target areas, totaling ~4,000 metres
- Strong gold values from pipeline showing evaluations, including 13.5 g/t Au and 56.5 g/t Au at Cygnet
- Extension of Roma Main zone by 300 metres to over 800 metres of strike length
- Promising results from various targets, including Gabbro Breccia (16.0 g/t Au) and Zebra (14.6 g/t Au)
- Identification of new showings and potential drill-ready targets

The company is awaiting initial assays and plans further exploration to advance promising areas to drill-ready status.

Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) has announced a new critical mineral discovery on its Roma Project in Nunavut. The company's first drill hole at the HI VMS target intercepted a 17.1-metre interval of semi-to-massive sulphide mineralization. Follow-up drilling is underway to assess the large target zone.

Key highlights include:

• The discovery is located near the proposed Grays Bay Road, a major infrastructure development in Nunavut
• Initial sampling returned 17.75% zinc from a 0.6-metre-wide section of massive sphalerite
• The target area shows similarities to MMG's High Lake deposit, located ~12 kilometres to the south
• Drilling continues at gold targets on the company's Ulu Project

Assay results from the HI discovery are expected in August. The company is encouraged by the potential of this new base metal discovery and its proximity to future infrastructure developments.

Blue Star Gold has initiated its drilling program at the Ulu and Roma Projects in Nunavut, focusing on high-potential gold and critical mineral targets. Two diamond drills are now operational, targeting refined zones identified through recent geophysical and surface sampling results. Notable highlights include significant gold assays at the Ulu Gold Project's Mikigon target and the Roma Project's Auma and Roma Main prospects, with values reaching up to 40.9 g/t gold. The program will cover approximately 4,000 meters, focusing on discovery, resource expansion, and evaluation of key drill targets. Initial geophysical surveys and surface samples have returned promising results, supporting further drilling efforts.

Blue Star Gold has entered into an agreement with DS Market Solutions to provide trading advisory and liquidity services. The agreement is month-to-month with a payment of $5,000 per month, plus applicable taxes. Notably, DS Market Solutions and its principals do not have any direct or indirect interest in Blue Star Gold's securities, nor do they intend to acquire any such interest. This agreement is pending approval from the TSX Venture Exchange.

Blue Star Gold has signed a ten-year Advanced Exploration Lease (AEL) with the Kitikmeot Inuit Association (KIA) for a portion of the Ulu Project, covering approximately 348 hectares of Inuit Owned Lands. This agreement grants Blue Star exclusive surface rights, facilitating its exploration and development efforts. Previously, Blue Star had non-exclusive access through annual permits. As part of the AEL, Blue Star will issue 2.46 million shares to the KIA, aligning their interests. The AEL area includes significant infrastructure such as an airstrip, roads, quarry, and camp facilities, and allows third-party access under certain conditions.

Blue Star Gold provided an update on its exploration program at the Ulu and Roma Projects in Nunavut. Key highlights include significant progress at the Mikigon target, where a 1,500-metre-long anomaly was identified, and preparation for a July drill program across both sites, involving over 4,000 metres of drilling. Strategic surveys and field evaluations have led to the identification of high-priority drill targets, including the Nutaaq and Zebra areas. The company aims to refine and expand its resource base through targeted drilling and further geophysical surveys.

Blue Star Gold has launched its 2024 exploration program with field teams mobilizing to the Ulu-Hood River and Roma Projects in Nunavut. Initial activities include mapping, prospecting, and geophysical surveys to refine high-potential drill targets. Key areas of focus are the North Nutaaq, Mikigon, and High Lake VMS Deposit stratigraphy.

Electromagnetic surveys will start at the HI01 target and Granite/North Zone target at the Roma Project. Induced polarization surveys will be conducted at Mikigon and the Nutaaq Trend. The program aims to discover new resources and expand existing ones at deposits like Flood, Gnu, and NFN.

CEO Grant Ewing is optimistic about the campaign, highlighting the balanced approach of mapping, surveying, and drilling. The program will also assess critical mineral potential throughout Blue Star's landholdings. Upcoming drilling will focus on high-grade gold targets near existing infrastructure, with diamond drills slated to mobilize soon.