Blue Sky Uranium Enhances Corcovo Project with Historic Subsurface Data in Argentina
Blue Sky Uranium Enhances Corcovo Project with Historic Subsurface Data
Blue Sky Uranium Corp., listed on multiple exchanges as TSXV: BSK, FSE: MAL2, and OTC: BKUCF, has made a significant advancement in its exploration of the Corcovo Uranium Project, located in Mendoza Province, Argentina. The company recently announced the acquisition of extensive historical subsurface data, pivotal for refining its geological understanding of the region and enhancing its mineral exploration strategies.
Significance of the Data Acquisition
The newly obtained dataset, initially gathered by oil and gas operators in the area, includes comprehensive information from 449 historical oil and gas wells. These wells, ranging from depths of over 500 to 750 meters, provide valuable geophysical data, including gamma-ray and spontaneous potential measurements. This information is compiled in the industry-standard Log ASCII Standard (LAS) format, facilitating its integration into ongoing geological assessments.
Nikolaos Cacos, the President and CEO of Blue Sky Uranium, emphasized the importance of this data, stating, "This new data package is a major milestone for the Corcovo Project. Blue Sky now holds a wealth of information from over 500 drill holes, which will enable us to significantly enhance our geological model and increase our confidence in identifying uranium-bearing horizons."
Previously, Blue Sky had identified radiometric anomalies from data collected from 89 oil and gas wells, which helped delineate uranium potential across multiple horizons stretching approximately 7 kilometers. The newly acquired data is now being incorporated into Blue Sky's geophysical and geological analyses, aimed at refining exploration targets. The company is actively seeking to gather further data, including 3D seismic surveys known to have been conducted in the project area.
Overview of the Corcovo Project
Covering an area of 20,000 hectares, the Corcovo Project resides at the northeastern edge of the Neuquén Basin, which is already recognized for its uranium production capabilities. The potential for in-situ recovery (ISR) of uranium in this area was highlighted in a report by CNEA, Argentina's state-owned nuclear agency. The 2024 acquisition of the Corcovo Project was part of Blue Sky's strategic plan to boost its medium- to long-term uranium exploration portfolio, aiming for a sustainable and profitable operation while being mindful of environmental considerations.
The flat topography of the region and its accessible road networks facilitate efficient exploration activities, promoting a streamlined path toward potential ISR project development.
Commitment to Engagement and Stewardship
Blue Sky Uranium's approach is centered on creating value for stakeholders while ensuring the respect and engagement of local communities. The company aims to be a leader in uranium discovery within Argentina, focusing on transforming its portfolio into a series of low-cost, responsible producers. Their flagship Amarillo Grande Project demonstrates significant promise as a domestic supplier of uranium to meet the growing demands of both the domestic and international markets.
In conclusion, the acquisition of this historic subsurface dataset is not merely an operational milestone; it represents a crucial step in Blue Sky Uranium’s journey to expanding its footprint in the uranium sector while remaining committed to responsible mining practices. As the company moves forward with its plans for the Corcovo Project, stakeholders can expect advancements that align with Blue Sky's vision of sustainable resource management in the ever-evolving energy landscape.