FULL DISCLOSURE: Canacom Group is long the equity of Blue Jay Gold.
Blue Jay Gold (TSXV: JAY) begins trading on the TSX Venture Exchange today under the symbol JAY, arriving on the market with a past producing asset, found in Canada’s Yukon territory.
That project is Steller, a 170 square kilometre epithermal gold-silver property in southern Yukon. A past-producing mine on the ground yielded roughly 80,000 ounces at 13 grams per tonne, with much of that infrastructure still in place on site, including a 270 tonne per day mill and a 50 person camp.
Steller now carries an NI 43-101 resource of 400,000 gold equivalent indicated ounces at 9.06 g/t and 450,000 gold equivalent inferred ounces at 6.45 g/t. The company bills Steller as the highest grade undeveloped gold project in the territory.
Steller sits about an hour by road from Whitehorse, roughly 55 kilometres out, sparing Blue Jay the helicopter logistics that burn through exploration budgets elsewhere in the North.
The 2026 exploration program is the company’s first at the property and is fully funded. It centres on up to 16,000 metres of diamond drilling across several targets, including Skukum Creek, Mt. Skukum and Goddell for resource expansion, with RACA and additional untested ground earmarked for discovery.
Alongside the drilling, Blue Jay plans to reprocess regional airborne magnetic data with 3D inversion modelling, build a district-scale geological model using oriented core for the first time, and re-log historical core from 120,000 metres of historical drilling with modern spectral and analytical methods. Environmental baseline work and stakeholder engagement are also underway.
“In this business, most exploration projects begin with a blank map. Steller hands us one that has already been partially drawn,” said Chief Executive Officer Geordie Mark, pointing to four decades of prior work and the existing high grade resource. He called it one of the most exciting exploration programs of his career.
The drilling is backed by a $14.7 million private placement that closed in April, which is expected to fully fund currently planned exploration.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive is long the equity of Blue Jay Gold. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
