Canadian Mining Co. Uncovers High-Grade Epithermal Potential at Yukon Project

Source: Streetwise Reports 07/06/2026

Blue Jay Gold Corp. (JAY:TSX.V) mobilizes hyperspectral core scanning across 40,000 meters at Steller, targeting high-grade epithermal gold mineralization in the Yukon.

On June 30, 2026, Blue Jay Gold Corp. (JAY:TSX.V ) announced that LithologIQ, a Montreal-based mineral technology company, had mobilized its hyperspectral core scanning system to the company’s Steller gold project in southern Yukon. With this system, Blue Jay will be able to examine 40,000 meters of drill core this season to produce integrated mineralogical, magnetic, and structural data across the district and create future exploration programs.

The mobile scanning system allows for rapid on-site data collection of up to 2,000 meters per day. It uses seven sensors to collect a range of information, including visible and near-infrared, shortwave infrared, and mid-wave infrared light. This method will allow Blue Jay to find a wide array of minerals that could indicate mineralization in different epithermal systems across the Steller project.

“With more than 120,000 meters of historical drilling across a 170-square-kilometer district, Steller offers a large body of drill core to go back and reinterpret using a modern exploration lens,” said Geordie Mark, CEO of Blue Jay Gold. “We often see during boom years, large drilling programs with equally large geological teams that naturally produce variability in output styles. LithologIQ offers a cost-effective way to build consistency and bring new data into modern exploration, and we’ll apply it to our extensive drill core archive to see the geology in ways no predecessor could. We’re initially targeting roughly 24,000 meters of historical core for hyperspectral logging this year alone. Paired with our reprocessed regional magnetics and inversion modeling, this will let us begin resolving the three-dimensional architecture of the region to guide future exploration.”

Blue Jay is a Canadian gold exploration company focused on its 100%-owned, flagship Steller project in the Yukon territory, though it also has a portfolio of properties in Ontario.

Gold Sector Weathering Economic Storm

After the latest U.S. jobs report, gold prices rallied as economists’ projections for new job creation numbers fell flat. The weaker dollar allowed gold futures to open 1.5% higher than the closing price before the holiday weekend, with gold’s August futures opening at US$4,187.50 on July 6, 2026. While this price is still lower than the massive rally earlier in the year that leaped over US$5,000, gold is still up over 24% from this time last year.

In April, S&P Global wrote, “Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows.”

On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.

Expert Looks Forward to Potential Increase

Jay Lutz of The Deep Dive wrote about Blue Jay on June 4, 2026, highlighting Steller’s “. . . 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.” Lutz also noted that the company’s CA$14.7 million private placement in April is expected to fully fund all currently planned exploration, which could increase that resource estimate.

Three Priorities Dominate 2026

Blue Jay’s 2026 catalyst calendar includes three phases: [OWNERSHIP_CHART-11624]

1. The company will complete up to 16,000 meters of drilling by the end of 2026, with resource expansion targets at Skukum Creek, Mr. Skumum, and Goddell. Generative target drilling is planned for RACA, Becker, Cochrane, and Charleston
2. Blue Jay plans to launch drone-born and surface geophysical surveys, while orienting the drill core for structural analysis
3. In Q3 2026, the company will complete data synthesis in hopes of unearthing antimony opportunities and positioning itself for more effective future exploration.

Ownership & Share Information¹

Blue Jay Gold Corp. has a market cap of CA$34.28 million, with 47.6 million shares outstanding. The company’s 52-week range is CA$0.61-CA$1.00.

Institutions own 33% of shares, while Management & Insiders own 5%. The remaining 62% of shares are held by Retail.

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Important Disclosures:

1. Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

( Companies Mentioned: JAY:TSX.V , )

Source: https://www.streetwisereports.com/article/2026/07/06/canadian-mining-co-uncovers-high-grade-epithermal-potential-at-yukon-project.html