# 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-extractions.minestarters.com/news/blue-star-awarded-a-contribution-up-to-250-000-by-nunavut-s-discovery-invest-gro--4102961d-8357-4c58-a557-710d46b60b6b 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, Canada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-19 10:40:51 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Blue Star Gold Corp. has filed a NI 43-101 Technical Report for the Ulu Gold Project in Nunavut, supporting an updated Mineral Resource Estimate. The MRE includes 2.204 Mt at 7.87 g/t Au \(M&I\) and 3.263 Mt at 4.54 g/t Au \(Inferred\). Additionally, the company received a $125,000 initial contribution from Nunavut's DIG program. Reasoning: The company filed a NI 43-101 technical report supporting an updated MRE with strong gold grades and received government exploration funding. - Positive factor: Updated Mineral Resource Estimate \(MRE\) filed - Positive factor: Strong gold grades in M&I \(7.87 g/t\) - Positive factor: Government funding received for exploration - Positive factor: High metallurgical recovery potential \(>90%\) 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 > filed on SEDAR an independent Technical Report \(the "Technical Report"\) 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. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The report includes a significant Inferred resource component. Evidence · text > Inferred Mineral Resource of 3.263 million tonnes at an average grade of 4.54 g/t Au **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > Updated Mineral Resource Estimate ## 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-extractions.minestarters.com/news/blue-star-awarded-a-contribution-up-to-250-000-by-nunavut-s-discovery-invest-gro--4102961d-8357-4c58-a557-710d46b60b6b#fact-resource-facts-0) Ulu Gold Project · gold #### Identity - Project: Ulu Gold Project - Commodity: gold - Region: canada\_nu - Reported Region: Nunavut, Canada - Ticker: BAU #### Resource scope - Estimate type: resource - Effective date: 2026-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: David Burga - Resource group id: resource:8ce80e7ecd6fcadafaef - Deposit or zone: Ulu Gold Project #### Resource Data - Category: indicated - Tonnes: 2204000 - Grade: 7.87 - Grade Unit: g/t - Contained Metal: 558000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-07-06 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-06T00:00:00.000Z Reasoning: Strong indicated grade for a gold project. - Positive factor: High grade \(7.87 g/t Au\) 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 #### 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 **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/blue-star-awarded-a-contribution-up-to-250-000-by-nunavut-s-discovery-invest-gro--4102961d-8357-4c58-a557-710d46b60b6b#fact-resource-facts-1) Ulu Gold Project · gold #### Identity - Project: Ulu Gold Project - Commodity: gold - Region: canada\_nu - Reported Region: Nunavut, Canada - Ticker: BAU #### Resource scope - Estimate type: resource - Effective date: 2026-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: David Burga - Resource group id: resource:6a0160599c51d386e0ef - Deposit or zone: Ulu Gold Project #### Resource Data - Category: inferred - Tonnes: 3263000 - Grade: 4.54 - Grade Unit: g/t - Contained Metal: 476000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-07-06 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-06T00:00:00.000Z Reasoning: Standard inferred resource disclosure. - Positive factor: Solid grade for inferred material - Negative factor: Inferred category limits confidence 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 #### 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 **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ## 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.