- Blue Sky Uranium Corp. (BSK) has announced the results from the drilling program at the Ivana Deposit at its Amarillo Grande Uranium-Vanadium Project
- The project is located in Rio Negro Province, Argentina
- The high vanadium numbers encountered exceed the average grade cited in the company’s current resource estimate
- The Ivana deposit is the cornerstone of the Amarillo Grande Uranium-Vanadium Project
- Blue Sky Uranium Corp is a Canadian-based mineral exploration company
- Blue Sky Uranium Corp. (BSK) is down 12.50 per cent on the day, trading at C$0.175 per share at 2:40 pm EST
Blue Sky Uranium Corp. (BSK) has announced the results from the drilling program at the Ivana Deposit at its Amarillo Grande Uranium-Vanadium Project.
The project is located in Rio Negro Province, Argentina. The current 3,500-metre reverse circulation 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.
Highlights:
- 3m averaging 431ppm U3O8 and 371ppm 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
Nikolaos Cacos, Blue Sky President & CEO sat down with Dave Jackson to discuss the results.
“We are very pleased to see these positive results coming from our step-out drilling peripheral to the Ivana deposit. We are also interested in 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.”
Over 200 of the planned 260 holes have been drilled 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.
The Amarillo Grande Uranium-Vanadium Project is a new uranium district controlled by Blue Sky. The Ivana deposit is the cornerstone of the project and the first part of the district for which both a Mineral Resource Estimate and a Preliminary Economic Assessment have been completed.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The company’s flagship Amarillo Grande Project has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier.
Blue Sky Uranium Corp. (BSK) is down 12.50 per cent on the day, trading at C$0.175 per share at 2:40 pm EST.
