Blue Star Gold (TSXV:BAU) has announced a significant mineral discovery at its Roma Project in Nunavut. The discovery, referred to as HI, involves a 17-meter section of semi-to-massive sulphides found during fieldwork. This news marks a crucial development for Blue Star, which is focused on mineral exploration in the Kitikmeot.

Grant Ewing, CEO of Blue Star, commented in a press release: “Due to the abundance of mineral showings throughout our prospective landholdings, the current exploration program is assessing both critical mineral and gold targets. The first drill hole on the HI target has potentially resulted in an exciting new base metal discovery. Our team is very encouraged by similarities in the drill core to MMG’s High Lake deposit, located ~12 kilometres to the south. Follow-up drilling is underway, and we look forward to assay results which are expected in August. The proposed Grays Bay Road, a major infrastructure development in Nunavut that is currently undergoing permitting, is located only 6 kilometres to the east of the HI discovery.”

Fieldwork revealed massive sulphide mineralization in a surface gossan within felsic volcanic rock. Sampling of this area, particularly a 0.6-meter-wide section containing massive sphalerite, returned a high zinc content of 17.75%. An electromagnetic survey later identified a strong conductor, modeled as a plate measuring 320 by 100 meters and plunging north around 180 meters below the surface. This gossan and surface sampling site is located approximately 200 meters south of the conductor.

The first drill hole targeting this conductor reached a depth of 291 meters. It intersected several rock units, including a Proterozoic diabase sill, a late Archean granitoid unit, and a package of sericite-altered felsic tuffs. This section hosted a 17-meter zone of stringer to massive sulphide mineralization, which included a 1.7-meter interval of massive sphalerite and buckshot pyrite, and a 1.3-meter interval of massive pyrrhotite with chalcopyrite. These findings align with the modeled strong conductor. Follow-up drilling is currently in progress.

Noranda originally identified this area in 1975 and drilled two shallow holes in 1976, which intersected stringer to massive sulphide mineralization but with sub-ore grades. Noranda then dropped the claims.

The HI discovery bears similarities to the High Lake VMS deposit’s West Zone, located about 12 kilometers south-southeast. The West Zone was also a blind discovery based on a strong EM conductor, with a discovery hole featuring a 19.4-meter interval of stringer to massive sulphides. This interval graded 3.85% copper, 1.38% zinc, 0.89 grams per tonne gold, and 104 grams per tonne silver. The West Zone’s resources are approximately 9.1 million tonnes with notable concentrations of copper, zinc, lead, gold, and silver. However, there is no guarantee that the HI discovery will yield similar results or that continued exploration will define an economic resource.

The 2024 exploration drilling program continues, focusing on gold targets at the Ulu Project and the HI discovery. The next steps for the gold component include assessing other targets in the Flood Zone area, as well as the Central and Zebra Zones. So far, the team has completed approximately 1,725 meters of the planned drill program.

Prospecting samples, taken from outcrop, subcrop, and felsenmeer, follow a strict chain of custody to ALS Geochemistry in Yellowknife for preparation and final analysis in North Vancouver. Samples undergo specific preparation and analysis procedures, including fire assay for gold and four acid digestion for other elements. Drill samples follow the same protocols.

The Gray’s Bay Road and Port Project (GBRPP) envisions a deepwater port on Coronation Gulf and an all-season road connecting Nunavut to the Northwest Territories. This infrastructure would enhance accessibility to Blue Star’s projects, lower operating costs, and improve the supply chain for the region. The project promises to connect Northern products to global markets and ensure year-round supply delivery.

Blue Star Gold Corp. focuses on mineral exploration and development in Nunavut. With 270 square kilometers of mineral properties in the High Lake Greenstone Belt, Blue Star owns the Ulu Gold Project, comprising the Ulu Mining Lease and Hood River Property, and the Roma Project. The company boasts a high-grade gold resource at the Flood Zone deposit and numerous high-potential exploration targets. The proximity to the future deep-water port at Grays Bay and the proposed all-weather Grays Bay Road adds to the strategic value of their landholdings.

Highlights from the results are as follows:

• Greenstone Belt
• First Blue Star drill hole assessing the HI VMS target intercepted a 17.1-metre interval of semi-to-massive sulphide mineralization (Figure 2); assays are pending
• Follow-up drilling is underway to assess the large target zone
• Drilling continues at gold targets on the Company’s Ulu Project, including Mikigon and Nutaaq

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.