Our CEO Grant Ewing shares some new year thoughts with us about 2022 plans for Blue Star.
What significance does the new gold system discovery at the Gnu Zone hold for Blue Star?
Blue Star tested several priority targets during its 2021 exploration drilling campaign. Many of the target zones lie near our high-grade Flood Zone gold deposit. Early results from the 2021 program include the discovery of a new vein system ~750 metres to the northeast of the Flood deposit that graded 20.8 g/t gold over 8.15 metres. This impressive result will be followed up in future drill campaigns. The immediate area has excellent potential to add gold resources to our inventory.
Blue Star has great targets in the Hood River and the Roma Zone and both look very promising. Can investors expect to see drilling on those properties in 2022?
Yes, Blue Star has numerous gold targets throughout its extensive landholdings in Nunavut, Canada. Historically, the primary focus on our projects was drilling on our core Flood Zone gold deposit, leaving many of the high potential regional targets untested. Both the Hood River and Roma projects have a similar geologic setting to the Ulu project where our high-grade Flood Zone deposit occurs. Our team is systematically prioritizing numerous targets for drill testing in 2022.
Can we expect to see a resource update in 2022?
We have received partial results from our 2021 exploration drilling campaign and expect to receive the balance of the assays over the next several weeks. Our technical team continues to revise and update our geology models as results are received. The timing for a resource update will be determined following a review of the current program results, which should be completed during the first part of 2022.
Why is Blue Star a good investment?
Blue Star is an attractive investment opportunity based on the quality of our assets and the high potential for new discovery over our very prospective landholdings. Our strong technical team has a history of gold discovery success in Nunavut and the company has an attractive capital structure. Very little detailed exploration has been conducted outside of the area that hosts our flagship Flood Zone deposit. The extent of the high-grade gold showings and the presence of different styles of gold mineralization throughout our district-scale projects present multiple opportunities for new discovery and resource growth.
Where do you see the fair value of Blue Star today?
We believe Blue Star has significant potential for a share price re-rating based on the quality of our assets and our resource growth potential. We control district-scale projects in one of the last underexplored mineral exploration frontiers and we believe our projects have the potential to host a multimillion-ounce gold resource base.
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The entire team from Blue Star Gold wishes you a very Happy New Year!