01.02.2018

Blue Sky Uranium Drills 17 m of 1,713 ppm U3O8 including 1 m of 2.1% U3O8 near surface at the Amarillo Grande Uranium-Vanadium Project, Argentina

Vancouver, BC / Globe Newswire / February 1, 2018 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), „Blue Sky“ or the „Company“) is pleased to report additional analytical results from the infill reverse circulation (RC) drilling program, including multiple high-grade uranium-mineralized intercepts near surface at the Ivana target, on its 100% owned Amarillo Grande uranium-vanadium project, in Rio Negro Province, Argentina.

Highlights of drill intercepts with significant uranium mineralization include:

  • 1,713 ppm U3O8 over 17 m starting at 7 m depth in AGI-0286,
    • Including 20,963 ppm U3O8 (equal to 2.1% or 46.1 lb U3O8 per tonne) over 1 m,
      • within 8,792 ppm U3O8 over 3 m  
  • 2,095 ppm U3O8 over 18 m starting at 4 m depth in AGI-0279,
    • Including 12,804 ppm U3O8 (equal to 1.3% or 28.2 lb U3O8 per tonne) over 1 m,
      • within 3,352 ppm U3O8 over 11 m
  • 948 ppm U3O8 over 18 m starting at 4 m depth in AGI-0293,
    • Including 7,593 ppm U3O8 (equal to 0.8% or 16.7 lb U3O8 per tonne) over 1 m
      • within 1,792 ppm U3O8 over 9 m
  • 990 ppm U3O8 over 15 m starting at 8 m depth in AGI-0257,
    • Including 4,504 ppm U3O8 (equal to 0.5% or 9.9 lb U3O8 per tonne) over 1 m
      • within 2,045 ppm U3O8 over 7 m
  • 1,107 ppm U3O8 over 14 m starting at 7 m depth in AGI-0264,
    • Including 4,500 ppm U3O8 (equal to 0.4% or 9.9 lb U3O8 per tonne) over 1 m
      • within 1,888 ppm U3O8 over 8 m

All holes were vertical and the intervals are believed to represent true thickness.

„Our drilling continues to reveal high-grade uranium intercepts within poorly consolidated sediments near surface, building our understanding of the deposit and its potential,“ stated Nikolaos Cacos, Blue Sky President & CEO. „The Ivana target has the largest, highest-grade zone of uranium mineralization found at the Amarillo Grande uranium-vanadium project to date, and understanding it fully is the key to uncovering the potential of the 140-kilometre-long mineral belt controlled by Blue Sky.“

The Phase II RC program at Ivana was recently completed with a total of 4,327 metres drilled in 269 holes. This program included a 100 by 100 metre drill pattern covering the higher-grade uranium mineralized corridor which measures approximately 5,000 m in length and 200 to > 500 m in width. The infill program was designed to provide higher confidence data to complete a maiden mineral resource estimate and 43-101 Technical Report for the Ivana target.

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