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Blue Sky Uranium Corp.
Summary
| Project: | Amarillo Grande | |
|---|---|---|
| Deposit: | Ivana | |
| Location: | Argentina | |
| Commodities: | Uranium-Vanadium | |
| Date: | 2/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-2-2019: Blue Sky Uranium Corp. announces a PEA report for its Ivana deposit at the Amarillo Grande project. PEA results incl. post-tax NPV of US $135.2M (8%), IRR of 29.3%, 13yr LOM at the project. VANCOUVER, Feb. 27, 2019 /CNW/ - Blue Sky Uranium Corp | |
| Resources: | (Resource: Inf.): 28Mt @ 0.037% U3O8, 0.019%ppm V with 22.7Mlbs U3O8 contained at project | |
| CP/QP: | [Resources]: Bruce Davis (BD Resource Consulting Inc.) | |
| ABSTRACT: | VANCOUVER, Feb. 27, 2019 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce the results of the first Preliminary Economic Assessment ("PEA") for the Ivana Uranium-Vanadium deposit at the Company's 100% owned Amarillo Grande Project in Rio Negro Province, Argentina. The PEA demonstrates robust economics for a surficial mining operation of the Ivana deposit, with 13 years of uranium and vanadium production. An updated Mineral Resource Estimate, effective September 28 th, 2018, was used for the PEA. Supporting information will be included in the NI 43-101 Technical Report to be published within 45 days of this press release. The updated resource estimate includes data from an additional 61 reverse circulation ("RC") drill holes (1,043 metres) completed in September of 2018, as well as a more extensive density study that indicated a density of 2.1 gr/cm3 should be applied. Those changes resulted in a 17% increase in total tonnes, as well as a 19% increase in contained U308 and a 13% increase in contained V205 , at similar grades | |
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