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Blue Sky Uranium Corp.
Summary
| Project: | Amarillo Grande | |
|---|---|---|
| Deposit: | Ivana | |
| Location: | Argentina | |
| Commodities: | Uranium-Vanadium | |
| Date: | 3/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-3-2018: Blue Sky Uranium Corp. announces a Resource Estimation report for its Ivana deposit at the Amarillo Grande project. Initial resource announced at Amarillo Grande project. Vancouver, BC / Globe Newswire / March 5, 2018 / Blue Sky Uranium Corp. (T | |
| Resources: | (Resource: Inf.): 23.9Mt @ 308ppm U, 109ppm V with 19.1Moz U3O8 contained at project | |
| CP/QP: | [Resources]: B Davis, S Lomas (BD Resource Consulting Inc.;Lions Gate Geological Consulting Inc.) | |
| ABSTRACT: | Vancouver, BC / Globe Newswire / March 5, 2018 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), "Blue Sky" or the "Company") is pleased to announce the initial independent mineral resource estimate for the Ivana Deposit at the Company’s 100% owned Amarillo Grande uranium-vanadium project, in Rio Negro Province, Argentina. “This first resource estimate represents the biggest uranium discovery in Argentina in the last 40 years and it represents for Blue Sky a major step towards our goal of defining a low-cost regional-size uranium producing district,” commented Nikolaos Cacos, Blue Sky President & CEO. “We are excited to move forward with a preliminary economic assessment this year, particularly as the project remains open for expansion.” A NI 43-101 Technical Report supporting disclosure of this mineral resource and containing additional details will be filed by Blue Sky on SEDAR within 45 days of this press release. Results from ongoing metallurgical studies and preliminary beneficiation studies are expected by the end of the first quarter. This data will contribute to a Preliminary Economic Assessment (PEA) for the Ivana deposit, which is expected to be completed before the end of the year. The arcuate (“C”) shape of the Ivana deposit is believed to represent a preserved sector of a regional mineralized redox-front, which often include more than one deposit. Therefore, follow-up drilling programs will test for lateral extensions to the currently defined deposit, as well as previously recognized local targets identified by airborne and hand-held radiometric surveys and geological modeling. | |
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