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Blue Star Gold Corp
Symbol BAU
Shares Issued 143,245,846
Close 2020-07-22 C$ 0.115
Market Cap C$ 16,473,272
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Blue Star's second drill in Nunavut begins turning

2020-07-22 10:52 ET - News Release

Mr. Peter Kuhn reports

BLUE STAR GOLD STARTS DRILLING WITH A SECOND RIG ON ITS NUNAVUT PROPERTIES AT THE FLOOD ZONE

Blue Star Gold Corp. has begun drilling with the second drill rig as part of its 7,000-metre drill program on its Hood River and Ulu properties, located in the Kitikmeot region of Nunavut.

Drill rig No. 1 has completed five holes for 833.5 metres of drilling at the North Fold Nose zone, while drill rig No. 2 has begun drilling at the Flood zone on the company's adjacent Ulu mining lease. Drill rig No. 2 will be targeting identification of additional gold mineralization in the Flood zone and, thereafter, in the Gnu zone.

The Flood zone's most recent resource estimate was authored by P. Cowley, PGeo, R. Bob Singh, PGeo, and G. Giroux, PEng, and is titled "Technical Report on the Ulu Gold Property Nunavut Canada dated July 10, 2015." Using a gold cut-off grade of four grams per tonne, the overall resources at the Flood zone were reported as: 2.5 million tonnes grading 7.53 grams per tonne gold for 605,000 gold ounces in the measured and indicated categories; and 1.26 million tonnes grading 5.57 grams per tonne gold for 226,000 gold ounces in the inferred category. The Ulu gold resource is open on strike and at depth.

The summer drill program will be testing several other gold targets that occur along Blue Star's recently identified Robb trend, which hosts seven or more significant gold occurrences on its five-kilometre-long strike. Included in this trend is the Gnu zone, which has an estimated inferred resource of 370,000 tonnes grading 5.57 grams per tonne gold for 66,000 gold ounces. The Gnu inferred resource was taken from "Technical Report on the Ulu Gold Property Nunavut Canada dated July 10, 2015," authored by P. Cowley, PGeo, R. Bob Singh, PGeo, and G. Giroux, PEng.

Peter Kuhn, interim chief executive officer, commented: "We are very pleased to have started drilling with the second rig. We look forward to expanding the existing resources as well as identifying additional gold zones in the newly targeted areas in both the Robb trend and the Eastern Hood River zone."

About Blue Star Gold Corp.

Blue Star is a Vancouver-based gold and silver company focused on exploration and development within Nunavut, Canada.

Qualified person

Warren Robb, PGeo, a qualified person under National Instrument 43-101, has reviewed and approved the geological information contained in this news release.

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