Blue Star Gold Drilling Update for Gnu Zone in Ulu Gold Property
properties. The properties are located approximately 525 km NNE of Yellowknife, NT in the Kitikmeot region of western Nunavut. Kugluktuk is approximately 210 km to the NW.
7,624 metres drilled in thirty-eight diamond drill holes during the program
Ten holes were drilled at Ulu and Gnu deposits to expand known resources and confirm the geologic model, and twenty-eight holes were drilled to test exploration targets on both the Ulu and Hood River properties, including fourteen in the North Fold Nose (NFN) zone
Assay results for an additional 2 Flood zone, 1 Gnu zone and 3 Hood River property drill holes are announced today
Highlight gold assay results for the Flood zone (BS2020ULU-006):
(407 - 411m): 4 m of 12.5 g/t Au; including (408 - 409m): 1 m @ 21.3 g/t Au; and including (409 - 410m): 1 m @ 22.4 g/t Au
(432 - 436m): 4 m of 9.98 g/t Au; including (433 - 434m): 1 m @ 12.15 g/t Au ; and including (434 - 435m): 1 m @ 13.55 g/t Au
(487 - 501m) : 14 m of 4.23 g/t Au; including (491 - 492m): 1m @ 14.8 g/t Au
(504 - 511m) : 7 m of 12.5 g/t Au; including (505 - 506m): 1 m @ 30.8 g/t Au; and including (509 - 510m): 1 m @ 21.8 g/t Au
Highlight gold assay (un-cut) results for the GNU zone:
(BS2020ULU-007): (25 - 27m): 2 m of 52.7 g/t Au; including (25 - 26m): 1 m @ 33.6 g/t Au, and including (26 - 27m): 1 m @ 71.8 g/t Au
The Ulu lease and the contiguous Hood River property together encompass approximately 9,000 ha of highly prospective exploration ground. The Ulu lease hosts the advanced stage Flood and Gnu gold deposits, where a significant high-grade gold resource has been outlined. A series of gold occurrences occur on-strike and north of the Flood gold zone and are thought to be related to the ~5 km long Ulu regional fold that extends from the Ulu lease on to the north Hood River property culminating at the NFN zone. This structure, called the Robb trend, extends from the Flood and Gnu gold zones along the Ulu fold to the north and hosts at least five gold zones in addition to the Flood and Gnu zones (NFN, INT, Bizen, Apex and Contact zones). The Hood River property is contiguous to the Ulu lease to the north, east and south, and hosts over twenty known gold showings. Many of the high-priority target areas outside of the Flood zone have only been tested with relatively shallow drilling, and the potential throughout the properties to host new discoveries at depth is considered high.