Blue Jay Gold Updates Steller Project Resources with High-Grade Estimates
Event summary
- Blue Jay Gold Corp. released an updated Mineral Resource Estimate (MRE) for its Steller Gold Project in southern Yukon, Canada, effective October 31, 2025.
- The MRE includes 1,372 kt at 7.57 g/t Au and 127.2 g/t Ag in the Indicated classification, and 2,166 kt at 5.63 g/t Au and 70.1 g/t Ag in the Inferred classification.
- The estimate is based on 675 drill holes and 2,925 underground channel samples, with a technical report prepared by P&E Mining Consultants Inc. under NI 43-101 standards.
- Blue Jay plans to initiate a spring drill program to test extensions of Au-Ag mineralization at Skukum Creek and additional targets across the broader district.
The big picture
Blue Jay Gold's updated MRE for the Steller Project highlights the potential of high-grade gold and silver deposits in a region with existing infrastructure. The project's location in southern Yukon, with road access to the railhead at Carcross and connectivity to the Port of Skagway, Alaska, supports efficient logistics for exploration and potential future mining operations. The strategic significance lies in the project's potential to become a significant gold-silver producer, contingent on successful exploration and favorable market conditions.
What we're watching
- Resource Upgrade Potential
- Whether the Inferred Mineral Resources can be upgraded to Indicated with continued exploration, potentially increasing the project's economic viability.
- Drill Program Success
- The pace at which the planned spring drill program identifies new high-grade mineralization, which could expand the resource base.
- Economic Viability
- How changes in gold and silver prices, along with mining costs, could impact the project's economic prospects.
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