Date: Nov 16, 2018
Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF, “Blue Sky” or the “Company”) is pleased to report high grades of uranium and vanadium in initial pit samples located a kilometre west of the Ivana Uranium-Vanadium deposit on its wholly-owned Amarillo Grande Project in Rio Negro, Argentina. Pit sampling and auger drilling is ongoing in the area west of the Ivana deposit.
“These results further demonstrate the expansion potential of the Ivana deposit, this time to the west, and the ongoing pitting and auger drilling program has the possibility of significantly expanding the footprint of this new mineralized area,” stated Nikolaos Cacos, Blue Sky President & CEO.”
Highlights of results from channel samples collected from pit walls with significant uranium or vanadium mineralization include:
5,032 ppm U3O8 & 323 ppm V2O5 over 1.7 m at AGI-CAL26,
Including 10,658 ppm (1.07%) U3O8 and 566ppm V2O5 over 0.5 m
1,420 ppm U3O8 & 539 ppm V2O5 over 2.1 m at AGI-CAL36,
Including 3,931 ppm U3O8 and 1,055 ppm (0.1%) V2O5 over 1.1 m
1,082 ppm U3O8 & 503ppm V2O5 over 2.0 m at AGI-CAL10,
Including 2,453 ppm U3O8 and 950ppm V2O5 over 0.6 m
510 ppm U3O8 & 457ppm V2O5 over 2.0 m at AGI-CAL39,
Including 1,290 ppm U3O8 and 782ppm V2O5 over 0.8 m
489 ppm U3O8& 355 ppm V2O5 over 2.0 m at AGI-CAL37,
Including 867 ppm U3O8and 500 ppm V2O5 over 1.0 m
The brownfields pit sampling program is on-going, with a total of 133 pits planned. A map of the pits completed and currently planned is shown in Figure 1 (https://bit.ly/2zPCkGz). To date, analytical results have been received from 39 pits, 35 of which cover an area of approximately 1 kilometre by 500 metres, with the remaining 4 being from a second larger grid to the north. The pits were dug from surface down to a maximum of 2.1 metres. Pits revealed that uranium and vanadium mineralization is commonly present in the area below a 40 to 60 centimetre veneer of un-mineralized soil; the mineralization is hosted in unconsolidated sediments or regolith from underlying basement units.
These results demonstrate that the Ivana Uranium-Vanadium deposit is open for lateral expansion to the west of the current mineral resource (Thorson et al., April 18th 2018, filed on SEDAR), in addition to the southern expansion potential recently demonstrated by step-out drilling (see news release dated October 9th, 2018: https://bit.ly/2JYgS6V). Table 1 (https://bit.ly/2B339sy) contains all significant intervals (>1m averaging >30ppm U3O8 or >250ppm V2O5) as well as pit location information.
