Disseminated on behalf of: Blue Jay Gold Corp.
Geordie Mark, CEO and Director of Blue Jay Gold Corp. (TSXV: JAY), discusses the company’s high-grade gold exploration focus on its flagship Steller Project in Canada’s Yukon. Newly listed on the TSX Venture Exchange and fully funded after raising roughly $14.7 million, the company is positioning itself around grade, infrastructure, and a secure Canadian jurisdiction as gold trades near record highs.
Steller Project anchors Blue Jay Gold’s Yukon strategy
Unlike many explorers, Blue Jay Gold is advancing a project where high-grade and supporting infrastructure are already in place. As Mark puts it, “The Steller Project is fantastic, close to a million ounces at eight grams in an area of former production.”
Spanning roughly 170 square kilometres, the Steller property carries a camp, a former operating plant, a technical services workshop, and 120 kilometres of historical drill core, supporting what the company calls the highest-grade, underdeveloped gold project in the Yukon. The company believes that its existing footprint lowers exploration costs, simplifies on-site logistics, and helps de-risk the pathway toward any future production.
Yukon gold market rewards grade and safe jurisdictions
Amid sustained strength in the price of gold and investor interest returning to junior miners, Blue Jay Gold offers the combination the market increasingly rewards: a high-grade asset backed by existing infrastructure in a secure jurisdiction. Drawing on 17 years of experience as an equity analyst, Mark expects a more disciplined, consolidation-focused market over the next two years. That outlook favours assets like Steller, positioning Blue Jay Gold to offer an early, leveraged exposure to discovery and resource growth in a tier-one Canadian jurisdiction.
Blue Jay Gold launches 16,000-metre drill campaign at Steller
Recent milestones include a fully funded exploration program with about 70 per cent of the budget directed toward resource expansion. Mark says, “We’ve got 16,000 metres of drilling starting almost immediately out of the gate post-listing.”
The two-pronged program running from June through mid-October looks to expand the existing resource and test new targets. Looking ahead, the company expects drill results to begin in late summer or early fall and follow into next year as it communicates its story to North American, European, and Asian markets.
High-grade Steller Project drives Blue Jay Gold’s next phase
As Blue Jay Gold advances the Steller Project, it combines an established, high-grade resource with large-scale exploration upside in a secure Canadian jurisdiction. With drilling set to begin and results expected in the next year, the company offers investors early, leveraged exposure to its next phase of growth. Learn more at bluejaygoldcorp.com.
Transcript
Hannah Bernard: We are here in the Market One studio, and I am joined by Geordie Mark, CEO and Director of Blue Jay Gold. Super excited to talk to you about Blue Jay today. You recently listed on the TSX Venture under the symbol JAY. For our listeners and people hearing the Blue Jay story for the first time, tell us about the company, and why list now?
Geordie Mark: We’re excited to be listed. We’ve been working in the background for two years to bring the assets together for Blue Jay, and they’re incredible assets, so we’re very excited to be able to communicate on what we have. We’re all about high-grade gold in Canada.
The Steller Project is fantastic, close to a million ounces at eight grams in an area of former production. That’s key to asset selection in an environment we see in the backdrop today. Having infrastructure in place creates a pathway to lower-cost exploration, but also ameliorates issues when you go towards production. We’re excited to get out of the gate, get drilling, and let the market know what we’re up to.
Hannah Bernard: I want to stay with your work in the Yukon, specifically your flagship Steller Project. You’re calling it the highest grade, underdeveloped gold project in the Yukon. What do you believe makes it so special, and can you tell us more about the existing camp and the road infrastructure?
Geordie Mark: We can drive there. It’s about an hour’s drive from the capital city of Whitehorse. It’s really close by. That is a differentiating factor in terms of project access, which is important when you’re looking at exploration, exploration costs, and how to manage risk.
We raised around $14.7 million and are looking to drill very soon. For us, getting on-site, being able to drill, and drilling more easily with road access are very important. Having a camp, a former plant, an operating plant, and a technical services workshop, with 120 kilometres of historical drill core, are fantastic assets to be able to exploit and leverage. Steller is an excellent project; it’s a large scale, about 170 square kilometres, with easy access.
Hannah Bernard: You came fully funded, with about $14 million in a tight share count. You mentioned that drill program. Where is the money going this year, and what would make 2026 a success?
Geordie Mark: We’ve been putting a lot of work in the background to target resource expansion targets. About 70 per cent of exploration dollars go towards drilling for resource expansion. It creates an avenue we can leverage from the resource space we have at the moment.
Given the size of the land package at 170 square kilometres, we think we can add new technologies for exploration discovery success potential to leverage exploration for several years to come. We are looking to explore new areas for new discovery and growth. We’re two-armed, resource expansion from what we have, while also delivering new exposure to new discovery potential.
Hannah Bernard: Gold is having quite the run, near-record highs, and money’s flowing back into the juniors. How does Blue Jay separate itself from the pack?
Geordie Mark: I was an equity analyst for 17 years. We had a great run the last 18 months. (Gold) equities did really well, and they did really well for movement and commodity prices. I think over the next two years, we’ll see a consolidation phase, focusing on stories of grade, infrastructure, and safe jurisdictions. We’re in a great position to communicate that message, to think of a market that will focus more on consolidating assets that are similar to ours.
Hannah Bernard: You talked a little bit about the news flow there. Over the next six to 12 months, what are some key catalysts or milestones that investors can look forward to?
Geordie Mark: We had a clear strategy in terms of communication towards North America, Europe, and Asian markets, and that is underpinned by a very active drilling campaign.
We’ve got 16,000 metres of drilling starting almost immediately out of the gate post-listing. Those will be on resource expansion and new targets coming out. We expect drilling to start in June through to about mid-October, with drill results to follow through into probably next year.
Hannah Bernard: A lot of great news flows, coming from Blue Jay Gold. Thank you so much for being with us. Are you trading on the TSX Venture under the symbol JAY?
Geordie Mark: Correct. That’s exactly right.
Hannah Bernard: Thanks so much for being with us, Geordie.
Geordie Mark: That’s great. Thank you.
About Blue Jay Gold Corp.
Blue Jay Gold Corp. (TSXV: JAY) is a Canadian gold exploration company focused on growing and discovering resources within established gold-producing regions in Canada. The company’s flagship asset is the 100-per-cent-owned Steller Gold Project in southern Yukon, an infrastructure-supported, past-producing mine with significant exploration upside and clear near-term catalysts.
Learn more at bluejaygoldcorp.com.
Follow Blue Jay Gold on LinkedIn, X, and Facebook.
The scientific and technical information contained within this article has been reviewed and approved by Freeman Smith, P. Geo, VP Exploration of Blue Jay Gold Corp., who is a Qualified Person, as defined under the terms in National Instrument 43-101.
