The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Second 2022 hole at Flood cuts 17.65m averaging 15 g/t gold North of 60 Mining News – July 22, 2022
Visible gold in core from FLO-002, which cut 17.65 meters of 15 g/t gold in the Flood zone on Blue Star's Ulu project.
Click on image for larger map.
Blue Star Gold Corp. July 20 reported that a wide section of high-grade gold was cut in the second hole of its 2022 drill program on its Ulu, Hood River, and Roma projects in Nunavut.
"Our 2022 exploration campaign has begun with impressive results returned from DD22-FLO-002, which has the highest value (in terms of grams of gold times meters) of all intercepts drilled by Blue Star," said Blue Star Gold CEO Grant Ewing.
The company launched its 2022 drill program in June at the Flood Zone on the Ulu property.
According to a 2015 calculation, the Flood and Gnu zones on the Ulu property host 2.5 million metric tons of measured and indicated resources averaging 7.53 grams per metric ton (605,000 ounces) gold; and 1.26 million metric tons of inferred resource grading 5.57 g/t (226,000 oz) gold.
The first hole of the 2022 program was drilled to follow up on 96UL-28, a historical hole that cut 8.35 meters averaging 6.02 g/t gold from a depth of 15 meters. Blue Star reports that hole DD22-FLO-001 intersected variably mineralized zones from 4.65 to 17 meters – assays are pending.
DD22-FLO-002, the second hole, cut 17.65 meters averaging 15 g/t gold from a depth of 115.1 meters and 5.7 meters averaging 5.31 g/t gold from 143 meters.
"The intercepts in FLO-002 are expected to allow the conversion of existing inferred ounces to an indicated category and expand the Flood Zone resource," Ewing added.
In addition to the drilling at Flood, Blue Star has completed five holes at Gnu. The first hole, DD22-MIQ-001, cut a new 4.35-meter blind polymetallic vein from a depth of 95.9 meters.
The geophysical component of the 2022 program, which included a high-resolution heli-borne was flown over the entire Roma, Ulu, and Hood River landholdings that were not covered during a similar survey carried out during 2021.
Results from the geophysics, which are pending, will guide further mapping and prospecting over the properties.
"The team has done an outstanding job from getting the camp running, to successfully completing the regional magnetics program over Roma and Hood River, to delivering these initial spectacular results (FLO-002) in areas of geological uncertainty within the existing Flood Zone deposit," said Blue Star Gold Vice President of Exploration Darren Lindsay. "In addition, another polymetallic vein has been discovered while determining the extent of the 2021 vein discovery at the Gnu Zone."
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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