Blue Jay Gold begins fully funded 16,000-metre drill program at Steller Gold project
Blue Jay Gold has started diamond drilling at its Steller Gold Project in Yukon, a fully funded 16,000-metre campaign targeting high-grade gold and silver along the Skukum Creek Corridor.
Blue Jay Gold has commenced diamond drilling at its 100%-owned Steller Gold Project in Yukon, marking the start of a fully funded 16,000-metre exploration campaign for 2026. The program is focused on the Skukum Creek Corridor, with initial drilling targeting the northern silver-gold-rich zone near Raca.
The company aims to expand the footprint of existing high-grade gold and silver resources while testing additional targets using modern geological techniques. This includes re-logging historical drill core and integrating new exploration approaches to identify extensions of known mineralization. For precious metals traders, successful exploration results from such projects can signal potential future supply additions, though any production impact remains years away. Investors tracking gold and silver equities may monitor these developments as they could influence sentiment toward junior mining stocks.
Looking ahead, the market will watch for assay results from the initial drill holes, which are expected in the coming months. The fully funded status of the program reduces financing risk, allowing Blue Jay Gold to focus entirely on exploration. Broader gold price trends, driven by macroeconomic factors such as interest rate expectations and geopolitical uncertainty, will also continue to shape investor appetite for exploration-stage companies.