New assays from Nutaaq and inaugural Zebra drilling confirm resource growth potential.

Blue Star Gold Corp. Oct. 16 announced the latest results from its 2024 exploration program at the Ulu Gold project in Nunavut, which includes significant gold intercepts from both the Nutaaq veins and the inaugural drilling of the Zebra prospect.

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.

Following the late-May start of the 2024 exploration season, the company focused on expanding resources at both the Ulu-Hood River and Roma projects and aimed to refine high-priority drill targets, while geophysical surveys were carried out alongside testing several areas for gold and critical mineral potential.

As exploration advanced, Blue Star prioritized drilling in areas with the highest potential for resource expansion, particularly around known deposits like the Flood Zone. Alongside geophysical surveys and mapping, the company focused on testing new targets identified earlier in the year, including the Nutaaq veins, which have shown potential to contribute to resource growth. Meanwhile, the first-ever drill test of the Zebra prospect aimed to unlock further mineralization in a previously unexplored area.

Blue Star's latest drill results underscore its strategic focus on these high-potential areas within the Ulu project.

Nutaaq Trend, located less than 1,000 meters from Flood Zone, is a significant exploration area within the Ulu project and spans approximately 1,200 meters. Hosting multiple high-grade gold veins, including Miksuk, Miqqut, and Nutaaq 1 and 2, this area is characterized by north-south to northeast-southwest trending tension veins that have shown strong potential for resource growth, with both gold and polymetallic sulfide mineralization encountered during exploration.

Drilling at Nutaaq returned notable gold intercepts. Hole DD24-SNU-001 cut 17.3 meters averaging 2.6 g/t gold, including one meter of 23.5 g/t gold, further confirming high-grade mineralization within the Nutaaq trend.

Surface prospecting samples from Nutaaq also returned impressive grades of 23, 8.96, 6.03, and 2.49 g/t gold.

"Additional shallow intercepts in the Nutaaq trend support the potential for generating an expanded resource base in the Ulu Gold Deposit area," said Blue Star CEO Grant Ewing. "The positive surface work outcomes in both the Nutaaq and Zebra target areas will lead to the generation of strong drill targets for future programs."

The Zebra prospect, situated roughly 1,500 meters northwest of Flood Zone, is a newly explored area within the Ulu project.

Sharing structural similarities with Flood Zone, Zebra is characterized by a tight fold and mineralization associated with quartz veins. Early exploration has revealed significant gold grades both in surface samples and initial drilling, confirming the area's potential as a promising target for future resource expansion.

Blue Star Gold Corp.

Blue Star's inaugural drilling at the Zebra prospect yielded encouraging results. Hole DD24-ZEB-001 cut 3.6 meters averaging 1.73 g/t gold.

Prospecting samples from the Zebra area also revealed significant gold grades, including 28.1, 14.6, and 5.01 g/t gold, further highlighting the prospect's exploration potential.

"The single hole drilled in the Zebra area is important in that it confirmed an anticlinal structure at the prospect; this feature significantly enhances the discovery potential as the area is now believed to represent a geological analog to the fold hosting the large Flood Zone resource," said Ewing.

Final assay results from the 2024 exploration program have been received and are currently being reviewed and interpreted. Blue Star is also conducting deposit modeling using the compiled field data to assess its impact on the existing resource base. This work will help prioritize pipeline targets and guide pre-planning for the 2025 season.

The company also expects that incremental work from this season will pave the way for future discoveries, contributing to the growth of both gold and base metal resources across the Ulu and Roma projects in the Kitikmeot Region of Nunavut.