Blue Jay Gold

Insight

Blue Jay Gold is an up and coming Canadian Gold exploration Company that combines the brownfield advantage of proven mineralization and existing infrastructure with modern exploration methods aimed at unlocking significant growth and increasing shareholder value.

Overview

Blue Jay Gold is a Canadian Gold Exploration Company focused on unlocking high-quality gold Systems in Brownfield Districts in Canada, with its flagship Skukum project in the Yukon anchoring the portfolio.

Blue Jay’s mantra is to ‘be where the gold is’, prioritizing brownfield settings with historic production, existing infrastructure and proven mineralization. These conditions reduce exploration risk and costs while increasing the potential chance of success. With year-round exploration potential (Yukon drilling in the summer, Ontario drilling in the winter), Blue Jay offers a continuous flow of news and diversified value creation.

The Skukum project delivers a strong foundation with high-grade vein systems approaching 1 million ounces (Moz) gold equivalent (AuEq), while the Pichette project in Ontario positions Blue Jay in one of Canada’s most prolific greenstone belts near the Greenstone Mine in Geraldton, Ontario, the province’s newest large-scale gold operation. The company aims to double its resource base within 18 to 24 months and complete a public listing in late 2025/early 2026, providing investors with exposure to both resource growth and new discovery potential in geographically and infrastructurally attractive locations in Canada.

Company Highlights

• High-quality resource base: Skukum Gold Project in the Yukon hosts 0.42 Moz indicated at 8.2 g/t aUeq and 0.52 moz inferred at 5.3 g/t aUeq, anchored by multiple high-grade gold and silver structurally controlled geminated systems.
• Brownfield advantage: Historic production (~80,000 oz gold at 12 g/t from Mt. Skukum, 1986–1988) with a 50-person camp, road access and ~6 km of drive development.
• District scale potential: 170 sq km Land package traversed by more than 50 km of mineralized structures, including three primary corridors (Skukum Creek, Charleston, Goddell) and several secondary zones.
• Ontario growth pipeline: The Pichette Project in the Beardmore-Geraldton Greenstone Belt offers winter drilling opportunities adjacent to Equinox’s Greenstone Mine.
• Strategic growth plan: Try to test the immediate extensions for known mineralization and drill test new target zones over the 18-24 months.
• Experienced leadership: Management team and board combine diverse experience in global exploration and asset maturation and capital markets expertise, with proven track records in discovery and financing.

The flagship Skukum Gold Project is the cornerstone of Blue Jay’s growth strategy. Located just 55 kilometers south of Whitehorse, Yukon, the project covers 170 square kilometers and includes an extensive network of gold and silver-rich vein systems in four main zones: Skukum Creek, Goddell, Mt. Skukum and Charleston. A 2022 by 43-101 source estimate Outlined 1.59 million tonnes (MT) rating 8.16 grams per tonne (g/t) AUEQ for 0.42 moz indicated, and 3.02 mt rating 5.33 g/t aUeq for 0.52 moz inferred. The distribution of these resources shows the scale and grade potential with Skukum Creek containing the most resources identified at 0.26 Moz Aueq indicated at 7.8 g/t and 0.31 Moz Aueq inferred at 5.7 g/t.

The project has a strong brownfield and geographical advantage. Historic Production of Mt. Skukum between 1986 and 1988 yielded approximately 80,000 ounces of gold at an average grade of 12 g/t. In addition, the site already benefits from significant infrastructure including a 50 person camp, workshops and year-round access just an hours drive south of Whitehorse, an hours drive from Railhead at CARCROSS and 2 hours drive to Skagway Harbour. More than 75 miles of historic drilling and approximately 4 miles of underground development provide a robust foundation for expansion.

Exploration upside down in Skukum is significant. The Skukum Creek Corridor, which extends over seven kilometers, hosts open resources with high-quality drill catches such as 17.5 meters at 19.66 g/t aUeq and 19.0 meters at 6.14 g/t aUeq. The Charleston corridor, a five-kilometer gold-silver trend and a potential analogue to Skukum Creek, has seen only surface trenching but returned outstanding results including a 45 meter long zone grading 24.7 g/t gold and 215 g/t silver over an average width of 1.34 meters, and bonanza-grade trend intervals up to 16.3 g/t gold and 6,135 g/t silver. Goddell represents part of another mineralized zone hosting two parallel trends, each over 16 kilometers along with gold, silver and antimony mineralization, still underexplored. Exploration and drive development on adits testing for high-quality antimony was carried out here in the 1960s.

With multiple high-quality vein systems, untested targets and embedded infrastructure, Skukum offers a rare district-scale opportunity in a secure jurisdiction.

The Pichette project provides Blue Jay with an additional growth pipeline in Ontario’s Beardmore-Greenstone Belt (BGGB), one of Canada’s most productive and active gold districts. Located approximately 55 kilometers east of Beardmore and near Equinox Gold’s greenstone mine, Pichette positions the company alongside multi-million-ounce producers in a well-established mining camp.

The project covers a ~40 square kilometer land package with more than 12 kilometers of banded iron formation (BIF) trends and widespread gold mineralization. Gold mineralization on the property was first drilled in 1952, but exploration has been minimal since then. Historical drilling revealed strong results near surface, including 16.7 g/t gold from over 3.4 metres, 7.2 g/t gold from over 1.5 meters and 5.3 g/t gold from over 2.6 metres, all within 40 meters of surface. Mineralization is hosted in altered BIF horizons, shear zones and quartz-carbonate vein systems, directly comparable to other gold-bearing structures across the BGGB. At the time of discovery, exploration was guided by ounce-per-ton headline figures, which overlooked zones that are now economically viable given modern processing thresholds.

Pichette enjoys excellent infrastructure benefits with direct access to the Trans-Canada Highway 11, proximity to grid power and a skilled mining operation in the surrounding region. The project is ideally suited for low-cost winter drilling, complementing Blue Jay’s Yukon exploration programs and providing shareholders with year-round exposure to discovery catalysts in two of Canada’s best mines.

Management team

Geordie Mark – CEO and director

Geordie Mark has a PhD in Economic Geology with over 20 years of experience spanning exploration, academia and finance. Mark spent more than 17 years as a mining analyst on both buy and sell sides in North America, building a reputation for expertise in exploration valuation and discovery cycles.

Robert Scott – CFO

A CPA, CA and CFA with more than 20 years of experience in corporate finance, compliance and banking, Robert Scott has raised more than $200 million for TSX-listed companies and has extensive experience guiding juniors through growth stages.

Freeman Smith – VP -reconnaissance

With 18 years of exploration experience in North and South America, Freeman Smith has a track record in generating and evaluating prospects. His work with Oro Gold and Integra has given him a broad range of expertise in Latin America, Northern Canada and Ontario-Quebec.

John-Mark Staude Chairman

John-Mark Staude is the founder of Riverside Resources and holds a PhD in economic geology with more than 30 years of global exploration and business leadership.