Categories: Energy / General Market Commentary
Topics: General Energy / General Market Commentary

Blue Sky takes a major step with the biggest uranium discovery in Argentina in the last 40 years

Blue Sky Uranium Corp. (TSXV: BSK | OTCQB: BKUCF) is a leader in uranium discovery in Argentina, and is the 100% owner of approximately 459,000 hectares (1,134,000 acres) of uranium and vanadium concessions. The Company’s mission is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium-vanadium projects into low-cost producers. The Company’s flagship Amarillo Grande Project was an in-house discovery of a new district that now hosts the largest NI 43-101 uranium resource in the country.

Amarillo Grande is one of the most advanced uranium projects in Argentina and has the potential for low-cost mining & processing.

Defined mineralization at Amarillo Grande is found in three target areas (Ivana, Anit, and Santa Barbara) along a 140 kilometre trend. Mineralization at all three areas occurs at or very near surface, in weakly-cemented host rocks, making simple and inexpensive open pit mining a likely development scenario. The majority of uranium mineralization found to date is in the form of the leach-amenable mineral carnotite as coatings on pebbles. Preliminary beneficiation test work on samples from Anit indicates that a simple wet-screening technique could be used onsite to concentrate and upgrade this material, which could significantly reduce transport and processing costs. Rio Negro already supports the nuclear industry with several facilities in the province.

  • The Ivana property hosts a near-surface deposit of 23.9 million tonnes averaging 363 ppm U308 at a 100 ppm uranium cut-off, containing 19.1 million pounds of U308.
  • The Ivana deposit is open for expansion.
  • The full 140km uranium trend discovered by Blue Sky hosts near-surface uranium and vanadium mineralization, as shown below.
  • Potential for discovery of additional resources on properties totaling over 280,000 hectares.
  • Test work to date shows mineralization is amenable to alkaline leach processing and can be upgraded through simple low-cost wet screening, with >95% uranium recovery & 60% vanadium recovery from oxide composite sample using Alkaline leach.
  • Excellent candidate to be the first low-cost, near-term uranium producer in Argentina.

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