- 9% to a total of 145.2 square kilometres
- Blue Star is the dominant landholder in the highly prospective HLGB, now controlling over 50 km of the prospective terrain of the Belt with its Ulu, Hood River and Roma Projects combined
- Agnico Eagle controls the ground contiguous to both the Hood River and Roma Projects, and is the only other significant landholder in the Belt (see Figure 1)
- In addition to drill ready targets at Roma Main, five new prospective target areas at North Roma and four new target areas at South Roma have been identified following the recently completed geochemical sampling program
CEO Grant Ewing stated, “Our Ulu Project hosts the high-grade Flood Zone deposit and is a great core asset for Blue Star however we are also taking advantage of opportunities that are accretive to the project as a whole. Consolidating a significant land position in the north part of the High Lake Greenstone Belt immediately adjacent to the High Lake VMS deposit and having drill ready targets transforms Blue Star into a regional player.”
Roma Project Summary
Following the increase in landholdings announced today, the Roma Project area now encompasses 145.2 square kilometres of highly prospective mineral claims in thearea of the known high-grade Flood Zone Gold Deposit on the Ulu Project, and on high potential targets along the Ulu fold hinge. Numerous priority targets exist along the 5 km long Ulu Anticline which extends from the Flood Zone Deposit onto the contiguous Hood River Project up to the North Fold Nose Zone.
Targets considered high priority on the Hood River and Roma Projects had basic initial exploration campaigns to better understand host geology, confirm structures and existing anomalous zones and undertake initial geochemical surveys to determine potential to generate additional targets of interest.
Objectives of the 2021 program include better understanding the controls of higher-grade zones within the hosting structures, evaluating additional structures on and adjacent to the Ulu fold hinge, and defining additional targets for potential near-term discovery. The balance of the assay results from the program will be reported as they are received. The slow turnaround of assays results from the lab is an issue facing the entire sector due to covid related disruptions and the high level of mineral exploration in Canada.
