The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - October 03, 2024
Blue Star's 2024 drilling at Flood Zone encountered an interpreted vein structure that could expand the gold mineralization at this deposit on the Ulu gold project in Nunavut.
Blue Star Gold Corp. Oct. 3 reported that its 2024 drilling has confirmed the existence of an interpreted vein structure that could expand the gold mineralization at the Flood Zone on the company's Ulu gold project in Nunavut's Kitikmeot region.
Lying approximately 125 miles (200 kilometers) northwest of B2 Gold's Back River gold project and roughly the same distance southwest of Agnico Eagle Mines' Hope Bay gold project, Blue Star's Ulu-Hood River and Roma projects cover a more than 28-mile (45 kilometers) stretch of the High Lake Greenstone Belt in western Nunavut.
According to a 2023 calculation, the Flood and Gnu zones on the Ulu property host 2.54 million metric tons of measured and indicated resources averaging 7.02 g/t (572,000 ounces) gold; and 1.28 million metric tons of inferred resource grading 7.34 g/t (303,000 oz) gold.
Two holes drilled during the 2023 program tested an interpreted flat vein structure in the hanging wall of the Flood Zone identified during a 2023 review of the Ulu gold deposit. Both drill holes intercepted the inferred structure. The best intercepts were in DD24-FLO-002, which cut multiple gold-mineralized zones.
Highlights from DD24-FLO-002 include:
• 3.66 meters averaging 8.46 g/t gold from a depth of 259.4 meters.
• Five meters averaging 1.5 g/t gold from a depth of 279.1 meters.
• 9.61 meters averaging 1.83 g/t gold from a depth of 343.2 meters.
• 3.22 meters averaging 7.52 g/t gold from a depth of 368.5 meters.
Blue Star says the next steps for the Flood Zone include revising the geological model, extending for the deposit, and creating mineralization shells to determine impacts from this drilling to the current resource model.
"New ideas targeting around the Flood Zone have resulted in some strong mineralization to add to our resource model with both the extension of the existing model and a new model for a hanging wall zone," said Blue Star Gold CEO Grant Ewing.
The company also reported results from three holes drilled at Mikigon, a previously undrilled prospect about 3,000 meters north of the Flood Zone discovered by Blue Star's geological team in 2023.
Rock samples collected from Mikigon in 2023 returned grades as high as 47.1 g/t gold, 29.6 g/t gold, and 22.7 g/t gold. An induced polarization (IP) geophysical survey completed over the prospect identified moderate to strong chargeability anomalies over a 600-meter-long area in the area where outcropping gold mineralization had been discovered.
The first three holes drilled at Mikigon cut narrow zones of gold mineralization. Highlights include:
One meter averaging 1.92 g/t gold from a depth of 93.2 meters in hole DD24-MIK-001.
• 1.17 meters averaging 1.44 g/t gold from a depth of 21 meters in hole DD24-MIK-002.
• 1.12 meters averaging 1.73 g/t gold from a depth of 59.9 meters in hole DD24-MIK-002.
• 1.38 meters averaging 1.66 g/t gold from a depth of 78 meters in hole DD24-MIK-002.
• 1.08 meters averaging 2.05 g/t gold from a depth of 61.1 meters in hole DD24-MIK-003.
• 0.71 meters averaging 3.59 g/t gold from a depth of 93 meters in hole DD24-MIK-003.
Although the gold intervals are lower grade and narrow, Blue Star says these results indicate that gold occurs within a corridor of interest defined by elevated bismuth, tellurium and arsenic.
"The company conducted its first pass limited drill program testing the Mikigon target that returned low grades however we now have drill core data to work with to potentially lead to a discovery at this intriguing target," said Ewing.
The next steps are to integrate structural modeling to refine geological targets coincident with the geophysical and geochemical trends along the extensive Mikigon structure.
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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