Blue Star Gold Corp. · TSXV:BAU
Blue Star Gold — Investor Presentation (October 2023)
29 slides from Blue Star Gold's investor presentation, October 2023
Slide 1: Golden Opportunity in Canada's Far North
GOLDEN OPPORTUNITY IN CANADA’S FAR NORTH Corporate Presentation: Fall 2023
Slide 2: Cautionary Statement on Forward-Looking Information & NI 43-101 Disclosure
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION & NI 43-101 DISCLOSURE 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. S
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 of Nunavut, Canada Ø Large high-grade gold resource at Ulu Gold Project Ø Multiple drill ready targets - rapid resource expansion potential Ø 2nd focus: numerous critical
Slide 4: Building a Leading Mineral Exploration and Development Company
BUILDING A LEADING MINERAL EXPLORATION AND DEVELOPMENT COMPANY Multi million-ounce GOLD potential in High Lake Greenstone Belt, Nunavut Ø Highly prospective and underexplored, one of the last mineral exploration frontiers in Canada Strategic Plan Ø Dominant landholder, continue to make opportunistic
Slide 5: Blue Star Projects: Proposed Plans & Milestones
BLUE STAR PROJECTS: PROPOSED PLANS & MILESTONES TARGET RICH PROJECTS WITH MULTI-MILLION-OUNCE GOLD POTENTIAL 2024 2025 2026 2027 2028 Ø Aggressive exploration to Ø MRE update Ø Continue resource definition Ø Achieve positive PEA, Ø Feasibility studies expand current high-grade Ø Continue resource Ø
Slide 6: Capital Structure & Team
CAPITAL STRUCTURE & TEAM MANAGEMENT Grant Ewing, P. Geo., Chief Executive Officer, accomplished mining executive with a strong technical foundation and business acumen. A professional geologist by background, +25 years of experience in the mineral industry, the last 15 years in senior executive role
Slide 7: Environmental, Social & Corporate Governance
ENVIRONMENTAL, SOCIAL & CORPORATE GOVERNANCE ENVIRONMENT Blue Star is committed to sustainable exploration and development, encompassing the protection all life in the north and the natural environment – water, land, and air. We endeavor to comply with regulatory requirements and diligently apply te
Slide 8: Northern Belts
NORTHERN BELTS High Lake Belt is Vastly Underexplored Compared to Other Belts in district High Lake Belt Ø Underexplored, favourable geology Blue Star Ø Regional shear (Kennarctic Shear) Ø Multiple gold showings Ø Established gold resource (Ulu) Potential for multi million-ounce resource Ø Agnico Ea
Slide 9: Blue Star Projects
BLUE STAR PROJECTS ULU GOLD PROJECT consists of: Ulu Mining Lease, advanced gold project containing the Flood Zone gold deposit (9 sq. km); Hood River Property, surrounds the Ulu Mining lease, highly prospective (112 sq. km) B2GOLD PROJECTS ROMA PROJECT: Multiple, significant gold showings in this f
Slide 10: Blue Star Projects
BLUE STAR PROJECTS Ulu Gold Project (Ulu Lease and Hood River) Ø Ulu Lease: Permanent infrastructure – airstrip, camp, ROMA roads, u/g decline PROJECT Ø Ulu Gold Project 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) High Lake VMS Ø Abund
Slide 11: Ulu Gold Project
ULU GOLD PROJECT Extensive high quality historical dataset: sampling, geophysics, surface & U/G drilling data, 1.7 kms of U/G development, +100,000m of DD Ulu Mining Lease, Flood Zone deposit Ø Large high-grade gold resource Ø +400-metre-long shear hosted Archean lode gold deposit Ø Spatially associ
Slide 12: Ulu Fold Long Section
ULU FOLD LONG SECTION ULU GOLD PROJECT - Mineral Resource Estimate* Zones open at depth & strike for resource expansion Measured & 2.53 MT 7.02 g/t Au 572,000 Oz Au Indicated Multiple lightly tested target areas along highly Inferred 1.28 MT 7.34 g/t Au 303,000 Oz Au prospective Ulu Fold which exten
Slide 13: Ulu-Hood River Priority Target Examples
ULU-HOOD RIVER PRIORITY TARGET EXAMPLES ZEBRA N Ø Gabbro in sediments, Attenuated sediments under basalts Ø Target size: Flood Zone scale Ø 1990s ddhs 1.62m of 12.26 g/t & 1.62m of 7.52 g/t Au MIKIGON Ø Target area >500m open and undercover Gnu/NUTAAQ TREND Ø Possible fold hinge in sediments Ø Outcr
Slide 14: Mikigon Prospect
MIKIGON PROSPECT Ø Target: Newly identified style of mineralisation on property; possible Discovery Mine analog (tbd) Ø Target size: +500 metres, open to the North Vein system is under cover to north, potential Ø Current interest: extension of system inferred from geophysics • Possible fold hinge in
Slide 15: Gnu/Nutaaq Trend Target(s)
GNU/NUTAAQ TREND TARGET(s) Ø Target: series of polymetallic veins Ø Target size: Flood Zone scale Ø Current interest: • Acicular arsenopyrite zones & polymetallic veins • Recent drilling confirmed veins • Structural corridor with brittle unit • Proximal to existing infrastructure Ø Work to date: • M
Slide 16: South Zone – Twilight Target
SOUTH ZONE – TWILIGHT TARGET Ø Target: parallel zone to Flood Zone Ø Target size: Flood Zone scale Ø Current interest: • Flood Zone style mineralisation • Historical drilling tested E-W interpretation • Structural corridor disrupting mafic stratigraphy • Proximal to existing infrastructure Ø Work to
Slide 17: Core & Samples
CORE & SAMPLES GNU ZONE FLOOD ZONE PENTHOUSE TARGET ~15 g/t Au Up to 12% Zn, 5% Cu, +20 g/t Au +150g/t Ag and +25 g/t Au TSX.V: BAU | OTCQB: BAUFF | FSE: 5WP0 17
Slide 18: Roma
ROMA Ø Project covers +30 km of very prospective and underexplored Belt When combined with Ø Numerous high-grade gold showings discovered by BHP in the the Company’s Ulu and 1990’s, little to no follow-up work since Hood River Projects to the south, Blue Star Ø Geologic setting and style of gold min
Slide 19: Blue Star Gold Valuation
BLUE STAR GOLD VALUATION Approx. Resource Approx. Avg. Market Cap Enterprise Contained (Au EV/Oz Company Location Stage S/O (M) Gold Grade (C$M) Value (C$M) Moz - all ($/oz) (g/t Au) categories) Osisko Mining Quebec FS 376 $919 $579 10.40 7.40 $78/oz Sabina Gold and Silver Nunavut Pre Dev 559 $1,207
Slide 20: Why Blue Star?
WHY BLUE STAR? Jurisdiction Ø Politically stable & mining friendly jurisdiction; one of last highly prospective & underexplored frontiers High-Grade Resource Ø District-scale project with significant high-grade gold resource & excellent resource expansion potential Team Ø Highly experienced technica
Slide 21: Nunavut Mineral Projects
NUNAVUT MINERAL PROJECTS Nunavut Projects/Mines Ø 3 active producing mines Ø 23 active gold projects Ø 2 active diamond projects Polaris Zinc-Lead Historical Mine Nanisivik Zinc-Lead-Silver Historical Mine Ø 1 active base metals project Blue Star Projects BIMC Marry River Mine, High Grade Iron Ore M
Slide 22: Thank You
THANK YOU Blue Star Gold Corp. Suite 507, 700 West Pender Street, Vancouver, BC, Canada V6C 1G8 +1.778.379.1433 Investors: [email protected] | General: [email protected] www.bluestargold.ca TSX.V: BAU | OTCQB: BAUFF | FSE: 5WP0 22
Slide 23: Appendix
APPENDIX Grays Bay Road and Port (GBRP) Critical Minerals Potential TSX.V: BAU OTCQB: BAUFF FSE: 5WP0 23
Slide 24: Appendix: Grays Bay Road & Port Project
APPENDIX: GRAYS BAY ROAD & PORT PROJECT Blue Star Projects ~100 km from Grays Bay Ø Construction of Port, and Road from port on Nunavut coast to Yellowknife Ø Regulators are currently working to assign a new proponent to lead the project, and confirm ~$20M in funding to advance to shovel ready statu
Slide 25: Mineral Diversity in Canada's Far North
MINERAL DIVERSITY IN CANADA’S FAR NORTH Ø The North is as large as Europe Ø Great variety of geology and diverse mineralogy Ø Gold, silver, diamonds, lead, zinc, uranium, tungsten, rare earths, cobalt, bismuth, nickel, copper, iron, etc. Ø Odds of rich discoveries are high = tremendous opportunity T
Slide 26: Critical Minerals Opportunity in the High Lake Belt
CRITICAL MINERALS OPPORTUNITY IN THE HIGH LAKE BELT Nunavut has abundant mineral and mining wealth including critical minerals. The High Lake Greenstone Belt and nearby regions contain VMS deposits including: Zn, Cu, Pb, Ag and Au. MMG Limited Project • High Lake (Zn, Cu, Pb, Ag, Au) Canadian Natura
Slide 27: Canada's Critical Mineral List
CANADA’S CRITICAL MINERAL LIST Canada has a list of 31 minerals it currently considers to be “critical.” To be deemed “critical” in Canada, a mineral must be: Ø essential to Canada’s economic security and its supply is threatened; or Ø required for our national transition to a low-carbon economy; or
Slide 28: Ulu-Hood River Critical Minerals Potential
ULU-HOOD RIVER CRITICAL MINERALS POTENTIAL After the 1970s and prior to 2023 very little effort was expended exploring the sedimentary units in the Ulu-Hood River area. N Rhonda Lake Trend, Zn Ø Stratigraphic horizon, +2,200m, with high zinc values at either end Ø Historical work includes prospectin
Slide 29: Roma Critical Minerals Potential
ROMA CRITICAL MINERALS POTENTIAL Sand/Rampart Lake § Abundant exploration 1976-2013 Ø Land package immediately adjacent to § Geophysics, BHEM, 40 drill holes (west) N the High Lake VMS deposit: § No massive sulphide found but intercepts of: • (14MT @ 3.8% Zn, 2.5% Cu + Au credits, MMG) § 21m of 2.71
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