Welcome to our dedicated page for Blue Star Gold news (Ticker: BAUFF), a resource for investors and traders seeking the latest updates and insights on Blue Star Gold stock.
Blue Star Gold Corp (OTCQB: BAUFF) generates frequent technical and corporate news tied to its gold and critical mineral exploration in Nunavut’s High Lake Belt. Company news releases describe ongoing work on the Ulu Gold Project, which includes the Ulu Mining Lease and Hood River Property, and on the Roma Project in the High Lake Volcanic Belt.
Investors following BAUFF news can expect detailed updates on surface exploration programs, drilling campaigns and geophysical surveys. Recent announcements have covered Phase I and Phase II field programs, including mapping, lithogeochemical surveys, Loupe-EM ground electromagnetics, SkyTEM airborne electromagnetic and magnetic surveys, and mechanical stripping and channel sampling at the Flood Zone deposit. The company also reports high-grade surface and drill results from targets such as Nutaaq, Axis, Twilight, Central, Auma and various Roma critical mineral prospects.
Blue Star’s news flow also includes information on corporate developments and financing-related items, such as incentive stock option grants and share issuances under loan agreements with related parties. In addition, the company has reported support from the Government of Nunavut’s Discover, Invest, Grow (DIG) program, which has provided exploration grants for work at the Ulu Gold Project.
This BAUFF news page allows readers to track how Blue Star advances high-priority gold and VMS-style targets, refines its geological models and prioritizes drill-ready prospects across its 300-square-kilometre landholding. Regular updates on field results, drill plans and technical interpretations help investors and observers understand the evolving exploration story at Ulu, Roma and associated prospects in Canada’s North.
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.
Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) has released results from its 2024 exploration program on the Ulu Gold Project in Nunavut. Highlights include:
- Nutaaq veins: 17.3 metres of 2.60 g/t Au including 1.0 metre of 23.5 g/t Au
- Prospecting samples from Nutaaq trend: up to 23.0 g/t Au
- Zebra prospect samples: up to 28.1 g/t Au
- Inaugural Zebra drilling: 3.6 metres of 1.73 g/t Au
The program included five drill holes in the Nutaaq trend and one in the Zebra prospect. Results support potential for expanding the resource base near the Ulu Gold Deposit. The Zebra drilling confirmed an anticlinal structure, enhancing discovery potential as it may be analogous to the Flood Zone resource.
Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) reports results from its 2024 exploration program on the Ulu Gold Project in Nunavut. Highlights include:
- Targeted Flood Zone structure returns 3.66 metres of 8.46 g/t Au including 1.00 metre of 15.25 g/t Au
- Extended Flood Zone with drillhole intercepts of 9.61 metres of 1.83 g/t Au including 1.36 metres of 3.66 g/t Au, and 3.22 metres of 7.52 g/t Au including 2.01 metres of 10.38 g/t Au
- Mikigon drilling indicates a pathfinder halo for the system with 1+ g/t Au intervals associated with quartz veining
The company conducted a drill program at the Mikigon target, which returned low grades but provided valuable drill core data. Next steps include revising the Flood Zone deposit geological model and extending mineralization shells to determine impacts on the current resource model.
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.