Blue Sky Uranium VP Exploration Receives “Explorer of the Year” Award
Vancouver, BC / Globe Newswire / September 13, 2018 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), „Blue Sky“ or the „Company“) is pleased to announce that Guillermo Pensado, Vice President of Exploration, received the “Explorer of the Year” Nivaldo Rojas Award at the 2018 Argentina Mining conference last week. Nominees for the award are put forth and voted on by members of the exploration and mining community attending the annual conference, which is the premium international event of the Argentinean mining sector.
“On behalf of Blue Sky and our shareholders, I am very proud of Guillermo’s distinguished recognition,” stated Nikolaos Cacos, President and CEO. “We have always believed in attracting top talent for Blue Sky, and this much deserved award highlights our exceptional technical team.”
Mr. Pensado is a professional economic geologist with more than two decades of expertise in the mineral exploration industry, with particular emphasis on uranium. He has extensive experience in exploration and economic project assessment in Argentina, Brazil, Chile, Peru, USA and Canada, mainly focused in uranium, precious metals and copper deposits. Mr. Pensado has led the exploration program at Blue Sky’s Amarillo Grande project since 2016.
About the Amarillo Grande Project
The Company’s 100% owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina is a new uranium district controlled by Blue Sky. The Project includes several major target areas over a 145-kilometre trend, with uranium and vanadium mineralization in loosely consolidated sandstones and conglomerates, at or near surface. The area is flat-lying, semi-arid and accessible year-round, with nearby rail, power and port access. The Company’s strategy includes delineating resources at multiple areas for which a central processing facility could consolidate production. The Ivana deposit is the cornerstone of the Project and the first area to have a NI 43-101 Inferred Resource estimate, which includes 23.9 million tonnes averaging 0.036% U308 and 0.019% V2O5, containing 19.1 million pounds of U3O8 and 10.2 million pounds of V2O5, at a 100 ppm uranium cut-off (Thorson et al., April 18th 2018 filed on SEDAR).
Mineralization at Amarillo Grande has characteristics of sandstone-type and surficial-type uranium-vanadium deposits. The sandstone-type mineralization is related to a braided fluvial system and indicates the potential for a district-size system. In the surficial-type deposits, carnotite mineralization coats loosely consolidated pebbles, and is amenable to leaching and simple upgrading.
The near-surface mineralization, ability to locally upgrade, amenability to leaching and central processing possibility suggest a potentially low-cost development scenario for a future deposit.
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