Northwire Canada EditionFriday, July 10, 2026
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Drill Results Routine +

Blue Jay Gold Commences Drilling on the Steller Gold Project, Yukon; Second Drill Mobilizing to Site

Fully funded Yukon gold-silver explorer initiates 16k-metre drilling campaign ahead of TSXV listing.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 08:00 JAY · 0.69 Blue Jay Gold Corp.
Executive Summary
  • Blue Jay Gold Corp. has officially commenced its 2026 diamond drilling program at the 100% owned Steller Gold Project in the Yukon Territory.
  • The program targets up to 16,000 metres across the Skukum Creek Structural Corridor and the Raca zone, with a second drill rig mobilizing to advance multiple targets concurrently.
  • Initial drilling focuses on the Ag-Au northern step-out of the Skukum Creek resource around the Raca zone, targeting two apparent sub-parallel zones of gold-silver mineralization that remain open along strike and at depth.
  • Historical intercepts at Raca include high-grade results such as 3.23 m at 581 g/t Ag and 0.76 g/t Au.
  • The exploration program is fully funded by a $14.7 million brokered private placement that closed in April 2026.
  • The company is re-logging over 120,000 metres of historical drill core using modern spectral and paragenetic methods to build a district-scale structural architecture model.
  • Results are expected to be released on a rolling basis through October 2026.
Material Impact
  • The commencement of drilling is a standard operational milestone for junior exploration companies and confirms that the company is executing on its previously announced 2026 exploration plan.
  • The news validates the $14.7 million capital raise and demonstrates management's commitment to advancing the Steller project.
  • The stock is currently trading at $0.69, significantly below the $1.20 warrant exercise price, indicating that the market is pricing in exploration risk and early-stage valuation rather than immediate resource expansion.
  • The update is incremental and aligns with the June 1 and June 3 announcements regarding the funding and program scope. It does not introduce new financial metrics, resource upgrades, or unexpected commercial developments.
JAY · Price
Company Overview
  • Blue Jay Gold Corp. is a junior mining company focused on its 100% owned Steller Gold Project in the Yukon Territory.
  • The project sits on a 170 km² contiguous land package, located approximately 55 km by road from Whitehorse.
  • An NI 43-101 resource statement defines 400,000 oz AuEq Indicated at 9.06 g/t AuEq and 450,000 oz AuEq Inferred at 6.45 g/t AuEq.
  • Historical production of approximately 80,000 oz Au at 13 g/t confirms the high-grade character of the district.
  • The company is transitioning to public trading on the TSX Venture Exchange under the symbol "JAY" as a Tier 1 Mining issuer.
Read the original news release →

More from Blue Jay Gold Corp.

Jun 30, 2026 · 08:00

Yukon Gold Explorer Deploys Hyperspectral Core Scanning to Reinterpret 120,000m of Historical Drill Data

Drill Results Jun 03, 2026 · 18:32

Blue Jay Gold Confirms Fully Funded Yukon Drilling Push as TSXV Listing Looms

Drill Results Jun 01, 2026 · 19:44

Not provided

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