# Blue Star Awarded a Contribution up to $250,000 by Nunavut's Discovery, Invest, Grow Program; NI 43-101 Technical Report on the Ulu Gold Project Filed Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/blue-star-awarded-a-contribution-up-to-250-000-by-nunavut-s-discovery-invest-gro--8ec339a7-2f91-4277-940c-f7295cde0887 Original source: https://money.tmx.com/en/quote/BAU/news/7185059602037234/blue-star-awarded-a-contribution-up-to-250-000-by-nunavut-s-discovery-invest-gro Publisher: tmx Original announcement: 2026-07-06T22:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Blue Star Gold Corp. - Ticker: BAU - Exchange: TSX - Region: Nunavut - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-08-20 20:59:28 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Blue Star Gold Corp. has filed an NI 43-101 Technical Report for the Ulu Gold Project in Nunavut, confirming an updated Mineral Resource Estimate. The company also announced it has been awarded up to $250,000 in exploration funding from the Government of Nunavut's DIG program. Reasoning: The company filed a formal NI 43-101 technical report supporting a high-grade gold resource and secured government exploration funding. - Positive factor: High grade M&I resource - Positive factor: Government funding received - Positive factor: QP sign-off provided - Positive factor: NI 43-101 compliant filing - Negative factor: Low novelty as it restates May 21 release Facts used in scoring: 2 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The company filed an independent Technical Report prepared in accordance with NI 43-101. Evidence · text > Filing of the Ulu Gold Project Technical Report... prepared in accordance with National Instrument 43-101 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: David Burga, P. Geo. is named as the independent Qualified Person for the MRE. Evidence · text > The independent and Qualified Person for the Mineral Resource Estimate, as defined by NI 43-101, is David Burga, P. Geo. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The report provides an updated Mineral Resource Estimate for the Ulu Gold Project. Evidence · text > Updated Mineral Resource Estimate and Technical Report on the Ulu Gold Project ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/blue-star-awarded-a-contribution-up-to-250-000-by-nunavut-s-discovery-invest-gro--8ec339a7-2f91-4277-940c-f7295cde0887#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: BAU #### Resource Data - Category: indicated - Tonnes: 2204000 - Grade: 7.87 - Grade Unit: g/t - Contained Metal: 558000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-06T00:00:00.000Z Reasoning: High-grade indicated resource reported in a formal technical report. - Positive factor: Strong grade - Negative factor: Restatement of May 21 release Evidence · text > Measured and Indicated Mineral Resource of 2.204 million tonnes at an average grade of 7.87 grams per tonne \("g/t"\) gold \("Au"\) for 558,000 ounces of gold ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/blue-star-awarded-a-contribution-up-to-250-000-by-nunavut-s-discovery-invest-gro--8ec339a7-2f91-4277-940c-f7295cde0887#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: BAU #### Resource Data - Category: inferred - Tonnes: 3263000 - Grade: 4.54 - Grade Unit: g/t - Contained Metal: 476000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-06T00:00:00.000Z Reasoning: Significant inferred resource component reported. - Positive factor: Solid grade for inferred - Negative factor: Restatement of May 21 release Evidence · text > Inferred Mineral Resource of 3.263 million tonnes at an average grade of 4.54 g/t Au for 476,000 ounces of gold ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.