Our CEO Grant Ewing shares some thoughts with us and discusses 2023 plans for the Company.
What are the exploration highlights from the 2022 drill campaign?
Blue Star successfully tested several priority target areas at its Ulu Project. Many of the target zones occur relatively close to the high-grade Flood Zone gold deposit. The highlight result of 17.7 metres grading 15 g/t gold (including 5 metres of 27.7 g/t gold) from the program represents the strongest intercept drilled by the Company to date. The Flood Zone deposit and surrounding target regions will continue to be high priority areas for future exploration programs.
In addition to the drill program, Blue Star’s technical team conducted sampling and mapping throughout the Ulu, Hood River and Roma Projects, further expanding and developing the extensive target pipeline. Three current priority target areas that offer excellent new discovery potential include the Bouncer, Zebra-Dagg and Gravy trends, which are all relatively close to the Flood Zone deposit.
Blue Star has great targets on the Hood River and Roma Projects and both look very promising. Can investors expect to see activity on those properties in 2023?
Blue Star has numerous gold targets throughout its extensive landholdings in Nunavut, Canada. Historically, the primary focus was drilling at 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 the high-grade Flood Zone deposit occurs. Blue Star’s team is systematically prioritizing numerous targets throughout our extensive properties for future drill testing.
When can we expect to learn more about the 2023 exploration program plans?
We have received all results from the 2022 exploration drilling campaign now, and review and compilation of the technical data is ongoing. Our team continues to revise and update the geology models and conduct detailed prioritization of the target pipeline. This work is expected to be completed during Q1 and 2023 plans and budgets will be finalized during Q2.
Why is Blue Star a good investment?
We believe Blue Star is an attractive investment opportunity based on the quality of the assets and the high potential for new discovery on our extensive properties. Very little detailed exploration has been conducted outside of the area that hosts our flagship Flood Zone gold 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. In addition to high quality projects, Blue Star has assembled a strong team that has a history of gold discovery success in Nunavut.
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 the assets and the resource growth potential. The Company controls 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!