Blue Star Gold Corp. · TSXV:BAU
Blue Star Gold — Investor Presentation (March 2024)
25 slides from Blue Star Gold's investor presentation, March 2024
Slide 1: Investor Presentation Spring 2024
Investor Presentation Spring 2024
Slide 2: Disclaimers
Disclaimers Cautionary statement on forward-looking information Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward
Slide 3: Golden Opportunity in Canada's Far North
Golden Opportunity in Canada’s Far North High Potential District Scale Projects Ø Dominant landholder in highly prospective belt in Nunavut, Canada Polaris Zinc-Lead Historical Mine Nanisivik Zinc-Lead-Silver Ø High-grade gold resource at Ulu Gold Project Historical Mine BAU BIMC Mary River Mine, Hi
Slide 4: Nunavut: Current Projects and Infrastructure Building
Nunavut: Current Projects and Infrastructure Building High Potential District Scale Projects Ø Three active producing mines Ø 23 active precious metals projects Ø Two active diamond projects Ø One active base metals project BAU Grays Bay Road and Port Development Ø Port and road from Nunavut coast t
Slide 5: Northern Belts Have Favourable Geology
Northern Belts Have Favourable Geology High Lake Belt, Blue Star Ø Regional shear (Kennarctic shear) Ø Numerous mineral showings Ø Established gold resource (Ulu) Ø 135 km long belt Hope Bay Belt, Agnico Eagle Ø Regional shear (HBDZ) Ø Gold development project (Doris) Ø Established resources (Boston
Slide 6: Our Projects
Our Projects Ulu Gold Project Ø 9 sq. km Ulu lease Roma Project Ø Infrastructure: airstrip, camp, roads, u/g decline Ø Abundant drill ready resource growth targets Ø Ulu Mineral Resource* • M&I 572,000 oz. Au (2.53 MT @ 7.02 g/t) • Inferred 303,000 oz. Au (1.28 MT @ 7.34 g/t) Ø Highly prospective, c
Slide 7: Strategic Roadmap to Multimillion Ounce Resource
Strategic Roadmap to Multimillion Ounce Resource Ø Aggressive exploration Ø MRE update Ø PEA @ 2 million oz. Ø Feasibility study Ø Focus on Ulu Gold Project Ø Consider development Ø Advance permitting Ø Large scale resource options Ø Further belt consolidation Ø Continue to expand Ø ESG initiatives
Slide 8: Ulu Gold Project
Ulu Gold Project Ulu Mining Lease, Flood Zone Deposit Ø Large high-grade gold resource Ø +400-metre-long shear-hosted Archean lode gold deposit Ø Spatially associated with ~5 km long Ulu fold Ø Extensive high quality historical dataset Ø Positive metallurgical studies, co-mingle zones, +90% gold rec
Slide 9: Ulu Fold Long Section: Zone Open at Depth and Strike
Ulu Fold Long Section: Zone Open at Depth and Strike ULU GOLD PROJECT - Mineral Resource Estimate* Measured & 2.53 MT 7.02 g/t Au 572,000 Oz Au Indicated Inferred 1.28 MT 7.34 g/t Au 303,000 Oz Au *The independent and qualified person for the Mineral Resource Estimate, as defined by NI 43-101, is Ch
Slide 10: Core and Samples
Core and Samples Gnu Zone Flood Zone Penthouse Target Up to 12% Zn, 5% Cu, +150 g/t Ag ~15 g/t Au +20 g/t Au and +25 g/t Au TSX.V: BAU | OTCQB: BAUFF | FSE: 5WP0 10
Slide 11: Priority Targets Examples
Priority Targets Examples Mikigon N Ø 2023 discovery, 500 m open and undercover Ø Possible fold hinge in sediments Ø Outcrop grab samples of 47.1, 29.6 and 22.7 g/t Au Penthouse Ø 1000 m x 750 m shallow syncline Ø Historical Mag/EM/IP anomalies Ø Highlight surface samples: Up to 12% Zn, 5% Gnu/NUTAA
Slide 12: Mikigon Prospect: Newly Identified Mineralization
Mikigon Prospect: Newly Identified Mineralization Multiple High-Grade Samples at Surface Ø Sedimentary units never previously prospected Ø 3.5 km NE of Flood Zone deposit Ø 500 m long trend, 4-5 m wide zone Ø Potential extension to north inferred from geophysics Ø Work to date: mapping, prospecting
Slide 13: Targeting Flood Zone Scale: Gnu/Nutaaq Trend
Targeting Flood Zone Scale: Gnu/Nutaaq Trend High Potential for Significant Resource Increase Ø Acicular arsenopyrite zones and polymetallic veins Ø Recent drilling confirmed veins Ø Structural corridor, proximal to existing infrastructure Ø Work to date: mapping, prospecting, soil grid, IP survey,
Slide 14: Targeting Flood Zone Scale: South Zone Twilight Target
Targeting Flood Zone Scale: South Zone Twilight Target Highly Prospective Trend Ø Parallel to Flood Zone Ø Flood Zone style mineralisation Ø Historical drilling tested E-W interpretation Ø Structural corridor disrupting mafic stratigraphy Ø Surface samples include 13.88 g/t, 37.32 g/t and 18.8 g/t g
Slide 15: Roma: Potential District Scale Project
Roma: Potential District Scale Project Highlights Ø +30 km of very prospective and underexplored belt Ø High-grade gold showings discovered by BHP in the 1990’s Ø Geologic setting and style similar to that found at Ulu Ø 2021/22 programs included geophysics, geochemical surveys and prospecting Ø Rec
Slide 16: Environment, Social and Governance
Environment, Social and Governance Environment Blue Star is committed to sustainable exploration and development, encompassing the protection of all life in the north and the natural environment – water, land, and air. We endeavour to comply with regulatory requirements and diligently apply technica
Slide 17: Ulu Camp Remediation Program
Ulu Camp Remediation Program Ulu site reclamation with significant visual improvements (2021-2022) Ø Excellent progress on Ulu site remediation to satisfy land use permit Ø KIA inspections conclude that BAU remediation efforts are satisfactory Ø Significant cleanup of Ulu camp site completed (see im
Slide 18: Management
Team Grant Ewing, P. Geo., Chief Executive Officer Don Collie, Non-Executive Chairman Professional geologist, +25 years in the mineral industry, former CEO of Partner at DLA Piper practising in the areas of Securities Law, Corporate Kiska Metals (sold to AuRico), former CEO of Acadian Mining (sold t
Slide 19: Financial Information and Ownership
Financial Information and Ownership Trading information Symbols TSX.V: BAU; OTCQB: BAUFF; FSE: 5WP0 Common shares outstanding 81.9 million Diluted shares outstanding 91 million Share price $0.20 52-week range $0.18 - $0.56 Average daily volume ~20,000 Market capitalization $16 million *Options: 4.01
Slide 20: Blue Star Gold Corp.
Blue Star Gold Corp. 700 West Pender Street, Suite 507 Vancouver, BC, Canada V6C 1G8 +1.778.379.1433 Investors: investors@bluestargold.ca General: info@bluestargold.ca www.bluestargold.ca TSX.V: BAU | OTCQB: BAUFF | FSE: 5WP0 20
Slide 21: Appendix
BLUE star* GOLD CorP. Appendix
Slide 22: Canada's Critical Mineral List
Canada’s Critical Mineral List Ø $1.5 billion Critical Minerals Infrastructure Fund launched - supports clean energy & infrastructure projects that enable the development and expansion of critical minerals production Ø Essential to economic security and threatened supply Ø Required for transition to
Slide 23: Critical Minerals Potential: Ulu-Hood Target Areas
Critical Minerals Potential: Ulu-Hood Target Areas Rhonda Lake Trend - Zn Ø Stratigraphic horizon, +2,200 m, with high zinc values at either end Ø Historical work: prospecting, mapping; ground magnetics, VLF-EM Ø Recent highlight samples: • 6.08% Zn, 0.27% Pb, 0.15% Cu, 50 ppm Co, 31 ppm Ag, 6.04 g/
Slide 24: Critical Minerals Potential: Roma
Critical Minerals Potential: Roma Sand/Rampart Lake § Exploration 1976-2013; 40 drill holes (west) § Historical intercepts of 21 m of 2.71% Cu + 0.29 g/t Immediately Adjacent to High Lake VMS Au and 15 m of 3.29% Cu, 0.11% Zn, 21 g/t Ag Ø High Lake VMS: 14MT @ 3.8% Zn, 2.5% Cu + Au Griz credits, MMG
Slide 25: TSX.V: BAU | OTCQB: BAUFF | FSE: 5WP0
TSX.V: BAU | OTCQB: BAUFF | FSE: 5WP0 26