SPRING 2019 - Blue Star Gold Corp.
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SPRING 2019
Disclaimer
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-looking statements, including but not limited to, those with respect to potential
expansion of mineralization, future plans for resource estimation and exploration and potential mining method
involve known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievement of Blue Star Gold Corp. (“Blue Star Gold” or the “Company”) to be materially
different from any future results, performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, risks related to remote operations, the actual results of
current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of ore
reserves and mineral resources, changes in project parameters as plans are refined, future prices of metals,
economic and political stability in Canada and the United States, environmental risks and hazards, increased
infrastructure and/or operating costs, labour and employment matters, and government regulation as well as
those factors discussed in the section entitled "Risk Factors" in Blue Star Gold's Management’s Discussion
and Analyses of its annual financial statements, filed on www.sedar.com. Although Blue Star Gold has
attempted to identify important factors that could cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate as actual results and future events could differ materially from those
anticipated in such statements. Blue Star Gold disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly,
readers should not place undue reliance on forward-looking statements.
Warren Robb., P.Geo, is a Qualified Person under National Instrument 43-101 ("NI
43-101"), and has reviewed and approved the geological information contained in
this presentation.
2
Blue Star Gold– Company Overview
COMPANY STATISTICS
Trading Symbol (TSX-V) BAU
Common Shares Outstanding 129.6 million
Options 4.9 million
Warrants (incl. Broker Warrants) 15.4 million
Share Price (March 25, 2019) $0.03
52-Week Range $0.02 - $0.05
Average Daily Volume 91,900
Market Capitalization $3.89 million
BOARD OF DIRECTORS
Robert Metcalfe Chairman
Judy Baker Director
Dr. Georg Pollert Director
Klaus Schmidt Director
Kenneth Yurichuk Director
MANAGEMENT
Stephen Wilkinson President & CEO
Peter Kuhn General Manager
Zara Kanji CFO
Mike Stewart Secretary
Warren Robb, P.Geo. Exploration Manager
Cindy Chu Controller
3
Blue Star Gold
– Executive Summary
• Blue Star Gold (“Blue Star Gold” or the “Company”) is an exploration stage
company focussed on high-grade gold projects in Nunavut Territory in northern
Canada
• The Company owns the highly prospective Hood River Property
• The Company has a Definitive Agreement to acquire the high-grade Ulu Gold Project
• The Ulu Gold Project hosts a high-grade resources of over 830,000 gold (“Au”)
ounces with excellent potential for resource growth
4
Blue Star Gold – Property Location
• Hood and Ulu are located
approximately 530 kilometres
(“km”) north-northeast of
Yellowknife. The properties are
approximately 45 km north of the
Arctic Circle.
• Principal gold zones hosted within
greenstones that are within the
Archean-aged High Lake Volcanic
Belt (HLVB) in the northern part of
the Slave Structural Province.
• In addition, Hood and Ulu are
located directly on Phase 1 of the
proposed Grays Bay Road Project.
5
Blue Star Gold – Properties
Hood River Property (“Hood”)
• 100% ownership acquired in 2014
• 8,015 hectare (“ha”) exploration
concession in the High Lake greenstone
belt
• 22 identified gold targets for future
resource growth
Ulu Gold Project (“Ulu”)
• Agreement to acquire 100% interest from
Mandalay Resources Corp.
• 947 ha contiguous to Hood
• Permitted mining lease with both identified
gold resource and drill targets
• Estimated Measured & Indicated gold
resources of 605,000 Au ounces contained
in 2.5 million tonnes grading
7.5 grams per tonne (“g/t”)
with a further 226,000 Inferred
Au ounces
6
Blue Star Gold – Geology
• The Hood and Ulu properties
cover three lobes of folded
meta-mafic volcanic and
sedimentary rocks and a
leucogranite plug (the “Peanut
Intrusion”).
• The 5 km-long Ulu fold is
south-plunging that runs
through the Ulu mining lease
north into the Hood Property
and terminates on North Fold
Nose gold zone.
• North Fold Nose is a primary
drill target where BHP
intersected 25.5 g/t Au over
1.54 m.
• Gold zones are high- grade
and commonly bonanza-grade.
• Very little drilling outside the
resource area of the Ulu’s
Flood & Gnu gold deposits.
7
Blue Star Gold – Hood Property
• Contiguous with Ulu mining lease on
north and east boundaries
• 100% ownership acquired through
purchase of Inukshuk Exploration Inc.
• Excellent potential for gold deposits in a
well-known but under-explored belt -
only 33 drill holes recorded
• 22 gold-bearing showings have been
identified on the Hood property
• Regional exploration programs
facilitated by proximity to the existing
Ulu infrastructure
• Working agreement with the Nunavut
Tunngavik Incorporated for relationship
through to production
8
Blue Star Gold – Hood Property
Main Gold Targets
o North Fold Nose – the most northerly gold zone on the Ulu fold
• BHP drill hole 90VD-81 returned 6.03 m grading 7.31 g/t Au, including
25.63 g/t Au over 1.54 m at a vertical depth of 60 m
• Hole 91VD-111 was drilled underneath 90VD-81 and intersected 9.16 g/t Au over 6.88
m, including 54.94 g/t Au over 0.95 m at a vertical depth of 95 m below surface
o Crown Zones – located on the east side of the Peanut Intrusion
• Comprised of 5 separate mineralized areas, veins are up to 6 m wide & have been
mapped for approximately 800 m along strike
• Limited drilling returned results of 24.35 g/t Au over 1.0 m and 13.47g/t Au over 2.0 m
o Penthouse North and South Zones – located 3 km northeast of Crown Zones
• One sample is reported from this area returned 130.1 g/t Au.
• North and South areas are separated by a distance of 3 km through a topographically
subdued valley with no outcrop.
o Blackridge Zone – south of the Crown Zones on east flank of Peanut Intrusion
• 750m long mineralized vein/shear is exposed at this zone
• A 1.0 m chip sample across this structure returned 21.58 g/t Au
• Shallow drilling tested 300 m of the structure with the best drill intersection returning
10.3 g/t Au over 1.07 m
9
Blue Star Gold – Ulu Project
• Advanced exploration property
• Measured & Indicated and Inferred gold resources at
the Flood Zone and Inferred resource at the Gnu Zone
• Permanent infrastructure includes airstrip, core
storage and camp site.
• Winter road and year-round air access
• Several drill-ready targets identified
10Blue Star Gold – Ulu Resource
• Blue Star Gold’s current Ulu mineral resource
was estimated by independent consultants using
a 4 g/t gold cut-off value
• As reported in the amended technical report,
titled "Technical Report on the Ulu Gold
Property, Nunavut, Canada“, dated July 10, 2015
and filed on SEDAR
Classification Tonnage Gold Gold
Grade Contained
Tonnes g/t Oz
Flood Zone
Measured 1,000,000 8.48 272,000
Indicated 1,500,000 6.90 333,000
Measured & Indicated 2,500,000 7.53 605,000
Inferred 891,000 5.57 160,000
Gnu Zone
Inferred 370,000 5.57 66,000
Total - Flood and Gnu Zones
Measured & Indicated 2,500,000 7.53 605,000
Inferred 1,261,000 5.57 226,000
11Blue Star Gold – Ulu Option Terms
Blue Star Gold has the right to acquire 100% ownership of Ulu from Mandalay
Resources by making cash and share payments and assuming property obligations:
• Pay to Mandalay $400,000 upon receiving regulatory approval of the New Ulu Option
Agreement – Paid April 2018
• Issue 15 million Blue Star Gold
common shares to Mandalay upon
Mandalay completing selective
remediation work at Ulu
• Posting security required by the
Kitikmeot Inuit Association (“KIA”)
and the Nunavut Water Board (“NWB”)
to facilitate the transfer of the
Ulu Mining Lease
• Assuming all future reclamation and
site monitoring obligations associated
with Ulu in a manner satisfactory to
Mandalay, the KIA and the NWB
12Blue Star Gold – Ulu/Hood Exploration
Ulu Project
• Most of the historic drilling focused on the Flood Zone
• Flood Zone traced for 435 m on surface with current resource between surface and a
vertical depth of 525 m
• The deepest drill intersection assayed 14.9 g/t Au over 7.7 m at a vertical depth of 610 m
demonstrating further potential at depth
• The Flood Zone remains open on strike and has infill potential near-surface in which to
expand resources and improve grade
• 10 additional high priority drill targets identified
Hood River Property
Several drill-ready gold targets identified to date including:
North Fold Nose
• The northern most extension of the Ulu fold and the Flood Zone
• Previous drill intersection of 9.16 g/t Au over 6.9 m
Crown Zone
• The Crown Zone is composite of five individual areas
• “Main” area trench assayed 13.47 g/t Au over 2.0 m
Penthouse Zones
• Up to 3 km of strike with very high-grade areas returning more than 200 g/t Au over 1.0 m
13Blue Star Gold – The Opportunity
Potentially 35+ High-Grade Gold targets located in a stable, mining-friendly jurisdiction
Ulu:
• Measured & Indicated Resource of 605,000 ounces and Inferred Resource of 226,000 ounces
• Flood Zone open at depth and on-strike
• Strong potential to expand resources with identified mineralized zones and
• Extensive surface infrastructure to support regional exploration
Hood:
• Large under-explored land package in a favourable geologic environment
• 22 high-grade gold occurrences with drill targets identified on historic gold zones
14Blue Star Gold – Management Team
Bottom FLTR: Cindy Chu, Stephen Wilkinson, Zara Kanji
Top FLTR: Warren Robb, Mike Stewart, Peter Kuhn
15Blue Star Gold – Management Team
Stephen Wilkinson, President, CEO & Director, has over 35 years’ experience in the mining and finance industries. In the mid to late
1990's, Mr. Wilkinson was the Vancouver-based mining analyst for RBC Dominion Securities Inc. He has since held the positions of
President, CEO and Director of Northern Orion Explorations Ltd., ValGold Resources Ltd. and Falcon Gold Corp. and acted as a Director of
Gran Colombia Gold Corp., Bolivar Gold Corp., Pacific Stratus International Energy Ltd., Portofino Resources Inc., Centurion Minerals Ltd.,
and Parallel Mining Corp. Mr. Wilkinson has a Bachelor of Science from the University of Western Ontario (Geology, 1976), a Master of
Science from Carleton University in Ottawa (Geology, 1983) and an MBA degree from Clarkson University in Potsdam, New York (1995).
Zara Kanji, CFO, is experienced in financial reporting compliance for junior listed resource companies, taxation, general accounting and
reporting and value-added operational consulting services. Prior to starting her accounting practice, Zara has also served as director and
officer for several listed issuers and has facilitated several financings and acquisition transactions. Zara is a Member of the Chartered
Professional Accountants of BC and Canada and previously the Certified General Accountants Association since August 2003. Zara holds a
Bachelors of Technology in Accounting (Honors) and a Diploma in Corporate Finance (Honors) from the British Columbia Institute of
Technology.
Mike Stewart, Corporate Secretary, is a partner at the British Columbia-based ATAC LAW Corporation where he practices law. Mr. Stewart
is also a professional engineer in the provinces of British Columbia and Ontario, with experience in the oil and gas, mining and forestry
sectors. Mr. Stewart is a former adjunct professor in Applied Science at the University of British Columbia and currently serves on several
committees as Senator of the University of British Columbia.
Warren Robb, P. Geo. VP Exploration, he graduated from the University of British Columbia in 1987 with a Bachelor of Science in Geology and has
over 25 years of mineral exploration experience. Mr. Robb has worked for both senior and junior mining companies and has extensive operational and
drill program management experience ranging from small preliminary testing to expansive programs for ore reserve definition to mining operations. Mr.
Robb has managed exploration programs for precious and base metals throughout Canada, USA, China, Africa and South America. In 2012, Mr. Robb
served as Chief Geologist for Roxgold Inc., where he supervised both field exploration and diamond drilling programs.
Cindy Chu, Controller, is a senior professional with over 20 years in the mining, healthcare and telecommunications industry in the areas of finance,
communications, investor relations and business development. Her areas of specialization include implementation of operational and financial systems,
project management of small/medium-sized business start-ups and organizational business process improvement. She is a graduate of the University of
British Columbia with a Bachelor of Commerce in Marketing.
Peter M. Kuhn, GM, is a proactive mining executive recognized for vision and creative problem solving with extensive experience in international
projects. After his work over 13 years with Thyssen Mining Construction, from Project Manager to President, he expanded Thyssen Mining to the USA
and Latin America. After a stint with BLM Mining Services in Sudbury, he worked in the USA as President and CEO of Bullion River Gold and later on in
Mexico for his own private company. In 2014, he joined WPC Resources and is now General Manager of Blue Star Gold Corp. Mr. Kuhn holds a Master of
Engineering degree of the Technical University of Clausthal, Germany.
16Blue Star Gold – Contact Info
STEPHEN WILKINSON
President & CEO
Tel: +1 604 787 6006
Email: swilkinson@bluestargold.ca
-OR-
Head Office:
Blue Star Gold Corp.,
Suite 1125, 595 Howe Street,
Vancouver, BC, Canada
V6C 2T5
Tel: +1 778 379 1433
E-mail: info@bluestargold.ca
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