# Blue Star sets up 2026 Ulu drill order Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/blue-star-sets-up-2026-ulu-drill-order--d5d18564-b6fb-48cb-a458-0b98f41a65d0 Original source: https://www.miningnewsnorth.com/story/2026/06/12/northern-neighbors/blue-star-sets-up-2026-ulu-drill-order/9721.html Publisher: miningnewsnorth Original announcement: 2026-06-13T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-19T05:50:14.775Z Atlas analysis updated: 2026-09-19T05:50:14.775Z - Company: Blue Star Gold Corp. - Ticker: Unavailable - Exchange: Unavailable - Region: Nunavut - Primary commodity: Gold - Secondary commodities: Copper - Document categories: Resource update, Other - Extracted: 2026-09-19 05:50:15 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Blue Star Gold Corp. has completed the first phase of its 2026 exploration program in Nunavut, including electromagnetic surveying to refine VMS targets. The company has mobilized two diamond drill rigs for a second phase focusing on gold targets at the Ulu and Auma projects. Reasoning: The document reports existing resource figures for the Ulu project and announces the mobilization of drill rigs for a new exploration phase. - Positive factor: significant gold resource mentioned - Positive factor: exploration program advancing to drilling phase Facts used in scoring: 2 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides updated resource figures for the Flood and Nutaaq zones. Evidence · text > According to a May calculation, the Flood and Nutaaq zones at Ulu host a combined 2.2 million metric tons of measured and indicated resources ## 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-sets-up-2026-ulu-drill-order--d5d18564-b6fb-48cb-a458-0b98f41a65d0#fact-resource-facts-0) Ulu Gold Project · gold #### Identity - Project: Ulu Gold Project - Commodity: gold - Region: canada\_nu - Reported Region: Nunavut #### Resource scope - Estimate type: resource - Resource group id: resource:345b5efa643ffb62c52f - Deposit or zone: Flood and Nutaaq zones #### Resource Data - Category: indicated - Tonnes: 2200000 - Grade: 7.87 - Grade Unit: g/t - Contained Metal: 558000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-05-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-13T00:00:00.000Z Reasoning: Reported M&I gold resource at Ulu. - Positive factor: high grade for a resource Evidence · text > Flood and Nutaaq zones at Ulu host a combined 2.2 million metric tons of measured and indicated resources averaging 7.87 g/t \(558,000 oz\) gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/blue-star-sets-up-2026-ulu-drill-order--d5d18564-b6fb-48cb-a458-0b98f41a65d0#fact-resource-facts-1) Ulu Gold Project · gold #### Identity - Project: Ulu Gold Project - Commodity: gold - Region: canada\_nu - Reported Region: Nunavut #### Resource scope - Estimate type: resource - Resource group id: resource:f8188e573b3776a34012 - Deposit or zone: Flood and Nutaaq zones #### Resource Data - Category: inferred - Tonnes: 3260000 - Grade: 4.54 - Grade Unit: g/t - Contained Metal: 476000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-05-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-13T00:00:00.000Z Reasoning: Reported inferred gold resource at Ulu. - Positive factor: significant inferred resource Evidence · text > 3.26 million metric tons of inferred resources averaging 4.54 g/t \(476,000 oz\) gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## 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.