Dr. Georg Josef Pollert Announces an Increase in His Ownership of the Common Shares of Blue Star Gold Corp.

  • Blue Megastar is the biggest name holder within the extremely potential and underexplored Prime Lake Greenstone Belt in Nunavut, controlling +45 km of the Belt.
  • The Corporate holds a 100% passion in 3 initiatives together with the Ulu Gold challenge, the contiguous Hood River challenge, and the Roma challenge.
  • The Ulu challenge hosts the Flood Zone deposit, the place a vital high-grade gold useful resource has been defined.
  • Superb useful resource enlargement doable exists in quite a lot of recognized goals over the Corporate’s intensive landholdings.
  • The primary ever compilation and systematic desktop evaluate of +100 historic exploration goals was once lately finished; plentiful discovery doable exists within the pipeline of possibilities with drill-ready goals.

Blue Megastar’s CEO, Grant Ewing, commented, “We’re excited to release our 2022 exploration marketing campaign. A number of excessive doable goal spaces can be assessed all over this system as we paintings to make important new discoveries all through our potential landholdings. The present program will construct off the data bought in prior techniques with admire to new mineralisation kinds, doable geochemical and structural controls, in addition to the systematic compilation of the goals within the historic dataset.”

Exploration Program Abstract

Blue Megastar has engaged Precision GeoSurveys Inc. (“Precision”) of Langley, BC to adopt a complete excessive answer heli-borne geophysical survey using Precision’s proprietary four-sensor magnetic gradient device to refine the construction, lithology, and alteration previous to mapping and prospecting techniques.

The geophysical program for 2022 is created from 1,690-line km at 50 – 100m line spacing over all the Roma landholdings that weren’t coated within the 2021 survey, and 1,365-line km at 50 m line spacing over all the Ulu rent and Hood River concession that was once now not in the past flown within the 2021 survey.

As well as, the lately found out Gnu zone polymetallic vein that returned 5.34 m of three.7 g/t gold in drill hollow 21BSG020 and eight.15 m of 20.8 g/t gold in drill hollow 21BSG007 all over the 2021 program can be evaluated additional the use of a magnetics / VLF-EM device. Parallel buildings inside of this 700 m x 150 m goal space may also be assessed.

Blue Megastar has engaged NorthTech Drilling Ltd. (“NorthTech”) of Yellowknife, NT to adopt the Corporate’s drilling program interested by useful resource enlargement and precedence goal analysis. A balanced program of +3,000 m of infill, follow-up, and preliminary analysis drilling is these days scheduled with alternatives to extend in the course of the season.

Blue Megastar may also be endeavor a regional sampling program the use of Moveable PPB Pty Ltd’s detectORE™ patented low-level gold via pXRF era along with conventional mapping and prospecting techniques. Those techniques will focal point on growing new goals at the Roma challenge and extra defining excessive doable historic possibilities from the objective pipeline compilation at the Hood River concession and Ulu rent.

Blue Megastar Gold‘s Tasks

The Corporate’s homes are situated roughly 525 km NNE of Yellowknife, NT within the Kitikmeot area of western Nunavut. Kugluktuk is roughly 210 km to the NW. The Roma assets lies roughly 30 km north of the Ulu-Hood River assets. The full space of Blue Megastar’s initiatives duvet +45 km of the extremely potential and underexplored Prime Lake Greenstone Belt.

The Ulu rent and the contiguous Hood River assets in combination surround more than 12,000 hectares of excessive doable exploration flooring. The hot acquisition of the possible and underexplored Roma assets that lies roughly 30 km north greater the Corporate’s landholdings via greater than 14,000 hectares within the Prime Lake Greenstone Belt.

The Ulu rent hosts the complicated degree Flood Zone gold deposit, the place a vital high-grade gold useful resource has been defined. A number of further gold possibilities (together with, however now not restricted to, Zebra, Touch, Central, Axis, and Gnu) are spatially associated with the axis of the ~5 km lengthy Ulu Fold, which extends from the Ulu rent onto the northern a part of the Hood River assets and culminates on the North Fold Nostril Zone. The hot enlargement of the Hood River concession added a number of new goal zones south of the Flood Zone gold deposit. The japanese facet of the Hood River assets is contiguous to the Ulu rent, and hosts over twenty identified gold showings. The Hood River possibilities have the similar deformation historical past (together with tight folding) in addition to identical mineralization kinds (acicular arsenopyrite and polymetallic quartz veins) and stratigraphic sequences because the Flood Zone. Probably the most potential goal spaces at the japanese Hood River assets is the 4 km lengthy Crown-Professional development which has observed handiest restricted drilling.

The Roma challenge lies within the northern phase of the Prime Lake Greenstone Belt. The challenge covers excessive grade gold showings found out via earlier explorers, particularly BHP Minerals from 1988 to 1994. More than one important gold showings are provide inside of a 6.5 km x 2.4 km space at the ancient Roma declare block. The unique appearing is a zero.30 to a few.0 m extensive quartz vein uncovered in outcrop and boulders for two.0 km. In 1991, BHP drilled ten shallow holes totalling 465 metres to check 1.72 km of the strike of the vein. All drill holes intersected quartz veins from 15 m to 37 m vertically underneath floor. Visual gold was once famous in 3 of the drillholes and the most productive effects had been 12.38 g/t gold over 2.31 m (together with 64.0 g/t gold over 0.37 m) from DDH MD-01, and eight.69 g/t gold over 1.87 m from MD-03. No drilling was once performed downdip of the high-grade intersection in DDH MD-01 and no step out drilling to the north from this intercept was once performed. No keep on with up drilling is understood to were finished in this assets since BHP’s preliminary drill program within the 1990’s.

The web site of the longer term deep-water port at Grays Bay is 40 – 100 km to the north of the homes, and the proposed path hall for the all-weather Grays Bay street passes in shut proximity to the Roma, Ulu, and Hood River initiatives.

Technical Disclosure

Drill holes reported from 2021 had core samples reduce via core noticed with one part of the core retained and the opposite part despatched for research. Samples had been ready via ALS Yellowknife-Geochemistry and analyzed at ALS World, North Vancouver. Gold research was once via fireplace assay the use of ALS code Au-AA26 and multielement research via code ME-MS61. Regulate samples come with a weigh down reproduction each and every twenty samples; qualified reference subject material was once inserted as soon as each and every ten samples. Reported assay durations are uncapped, use a minimal 1 g/t gold assay bring to a halt with the inclusion of as much as 2 m of subject material underneath cut-off. True widths for all however the Flood Zone don’t seem to be identified because of loss of drilling and would possibly vary from 50% to 95% of drilled lengths. Ancient intercepts reported from the Roma challenge have now not but been verified.

About Precision GeoSurveys Inc.

Primarily based in Langley, B.C., Precision has the experience and workforce to plot and execute a a hit geophysical program. Precision has flown over 5 hundred surveys around the globe since 2007 the use of leading edge geophysical applied sciences.

About NorthTech Drilling Ltd.

Primarily based in Yellowknife, NT, NorthTech is a family-owned and operated business drilling contractor focusing on offering dependable {and professional} diamond drilling products and services within the North. NorthTech has finished 150,000 meters of drilling since their inception in 2006.

About Moveable PPB Pty Ltd. and detectORE

Moveable PPB is a Canning Vale, West Australia based totally corporate interested by bringing disruptive era into the gold business, globally. They carry a wealth of revel in and a observe file of handing over novel answers to power exploration, discovery, and mining. Blue Megastar has dedicated, as a analysis sponsor, to be an early person in Canada of Moveable PPB Pty Ltd’s detectORE™ patented low-level gold via pXRF era. It permits fast far flung on-site gold effects to ~20 ppb Au ranges day-to-day, as a substitute of weeks to many months for each and every batch.

Certified Particular person

Darren Lindsay, P. Geo. and Vice President Exploration for Blue Megastar, is a Certified Particular person underneath Nationwide Device 43-101 (“NI 43-101”) and has reviewed and licensed the technical knowledge contained on this information free up.

About Blue Megastar Gold Corp.

Blue Megastar is a gold corporate interested by exploration and building inside of Nunavut, Canada. Blue Stars landholdings overall roughly 270 sq. kilometres of extremely potential and underexplored mineral homes within the Prime Lake Greenstone Belt, Nunavut. The Corporate owns the Ulu Gold Assets mining rent, a sophisticated gold challenge, the extremely potential Hood River Assets this is contiguous to the Ulu rent, and the Roma Challenge. A vital high-grade gold useful resource exists on the Flood Zone deposit (Ulu rent), and a lot of high-grade gold occurrences and precedence goals happen all through the Ulu, Hood River and Roma Tasks.

Blue Megastar is indexed at the TSX Project Change underneath the emblem: BAU, the U.S. OTCQB Project Marketplace underneath the emblem: BAUFF, and at the Frankfurt Change underneath the emblem: 5WP0. For info at the Corporate and its initiatives, please consult with our site: www.bluestargold.ca.

For additional knowledge, please touch:
Grant Ewing, P. Geo., CEO
Phone: +1 778-379-1433
E mail: information@bluestargold.ca

Neither the TSX Project Change nor its Legislation Services and products Supplier (as that time period is outlined within the Insurance policies of the TSX-Project Change) accepts accountability for the adequacy or accuracy of this Free up.


This press free up comprises “forward-looking statements” throughout the which means of acceptable securities rules. Ahead-looking statements will also be recognized via phrases similar to: “look forward to,” “intend,” “plan,” “function,” “search,” “consider,” “challenge,” “estimate,” “be expecting,” “technique,” “long term,” “most probably,” “would possibly,” “will have to,” “will” and identical references to long term sessions. Examples of forward-looking statements come with, amongst others, statements we make referring to potential source of revenue and revenues, expected ranges of capital expenditures for fiscal yr, expectancies of the impact on our monetary situation of claims, litigation, environmental prices, contingent liabilities and governmental and regulatory investigations and court cases, and estimates of mineral sources and reserves on our homes.

Ahead-looking statements are neither historic details nor assurances of long term efficiency. As a substitute, they’re based totally handiest on our present ideals, expectancies and assumptions referring to the way forward for our industry, long term plans and techniques, projections, expected occasions and tendencies, the economic system and different long term prerequisites. As a result of forward-looking statements relate to the longer term, they’re matter to inherent uncertainties, dangers and adjustments in cases which are tough to are expecting and plenty of of which might be outdoor of our keep an eye on. Our precise effects and fiscal situation would possibly vary materially from the ones indicated within the forward-looking statements. Due to this fact, you will have to now not depend on any of those forward-looking statements. Vital components that might purpose our precise effects and fiscal situation to vary materially from the ones indicated within the forward-looking statements come with, amongst others, the next: financial and fiscal prerequisites, together with volatility in passion and alternate charges, commodity and fairness costs and the worth of monetary property, strategic movements, together with acquisitions and tendencies and our luck in integrating bought companies into our operations, trends and adjustments in rules and rules, together with greater legislation of the mining business via legislative motion and revised regulations and requirements carried out via the regulatory our bodies in Nunavut, adjustments in the cost of gasoline and different key fabrics and disruptions in provide chains for those fabrics, closures or slowdowns and adjustments in labour prices and labour difficulties, together with stoppages affecting both our operations or our providers’ skills to ship items and products and services to us, in addition to herbal occasions similar to serious climate, fires, floods and earthquakes or man-made or different disruptions of our apparatus, and inaccuracies in estimates of mineral sources and/or reserves on our mineral homes.

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