Great Bear raising C$37m for Red Lake gold exploration
Company has entered into an agreement with Cormark and CIBC Capital Markets to act as co-lead underwriters and joint bookrunners for the purchase of 2 million flow-through common shares.
Blue Star drills 31.1 g/t over 1.0 m at Hood River
The Hood River property in Nunavut, northern Canada. Image by Blue Star Gold Corp.
Toronto-based Blue Star Gold Corp. 2019 drill program concentrated on the North Fold Nose at the Hood River property 125 km northwest of Bathurst Inlet.
The company found gold intersections in drill holes HR-19-002 to HR-19-005. HR-19-002 intersected an average 15.37 g/t gold over 5.0 metres, including 1.0 metre of 25.40 g/t and 1.0 metre of 48.70 g/t. Hole HR-19-003 intersected 31.1 g/t gold over 1.0 metre, and HR-19-004 returned an average of 6.93 g/t over 3.0 metres. All assaying was conducted by ALS Global, an independent analytical laboratory.
