Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF) has announced the results from the first 26 holes of the ongoing drilling program at the Ivana Deposit, within its wholly-owned Amarillo Grande uranium-vanadium project (AGP) in Argentina.
The current 3,500-meter reverse circulation (RC) drill program is testing the potential expansion of the Ivana Deposit to the west as well as adding holes in areas of lower drill hole density at the margins of, and within, the Ivana deposit to aid in upgrades to the mineral resource estimate that will support advanced engineering studies.
“We are very pleased to see these positive results coming from our step-out drilling peripheral to the Ivana deposit,” said Blue Sky CEO Nikolaos Cacos in a statement.
“We are also interested by the high vanadium numbers encountered, most of which exceed the average grade in our current resource estimate. This program is an important step in advancing our flagship deposit,” Cacos added.
Highlights of the new results include:
3 meters (m) averaging 431 parts per million (ppm) uranium (U3O8) and 371ppm vanadium (V2O5), including 878ppm U3O8 and 518ppm V2O5 over 1m in AGI-0503
4m averaging 296ppm U3O8 and 268 ppm V2O5, including 581ppm U3O8 and 271ppm V2O5 over 1 m in AGI-0489
4m averaging 214ppm U3O8 and 281ppm V2O5, including 419ppm U3O8 and 369ppm V2O5 over 1m in AGI-0511
2m averaging 301ppm U3O8 in AGI-0499 and 333ppm V2O5 in AGI-0499
Over 200 of the planned 260 holes have been drilled to date and the drilling program is ongoing. Turnaround time for analytical results from the laboratory has been significantly extended in the last two months, but now appears to be returning to reasonable levels and Blue Sky anticipates additional results in the coming weeks.
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