01:44 PM EDT, 07/10/2024 (MT Newswires) -- Blue Star Gold ( BAUFF ) on Wednesday said it is readying rigs to begin exploration drilling at the Ulu and Roma projects in the Kitikmeot region of Nunavut.

The company said two diamond drills have arrived on site and have been mobilized to the first drill targets.

From the Ulu Gold Project, the company said final inversions of the Mikigon-induced polarization data have been received for all pole-dipole lines indicating the coincident magnetics, geochemical and IP anomaly continues under glacial-fluvial cover to the north-northwest of the mapped and sampled target.

Final IP inversion and model received for the Nutaaq Trend indicating known mineralization is associated with edges of chargeability anomalies supporting targeting to the southeast and northwest of the known Gnu deposit.

From Roma Project, field sampling at the Auma Prospect returned 31.7, 30.4, and 20.1 grams per tonne of gold from historical Zone 3. Zone 1 was extended to over 250 meters in length with samples returning 20.1 grams per tonne of gold and 6.22 grams per tonne of gold; numerous additional multi-gram samples were returned from unsampled alteration trends including a 7.7 grams per tonne of gold sample on a parallel trend to Zone 1.

From Roma Main, sampling of the inferred footwall vein structures to the historically drilled vein returned 40.9 g/t, 15.7 g/t, and 6.5 g/t gold.

The company's shares were last seen up $0.005 to $0.13 on the TSX Venture Exchange.

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