#Argentina #Blue Sky Uranium #Ivana Deposit #Rio Negro #Amarillo Grande

Blue Sky Uranium Advances Exploration at Amarillo Grande Project

Blue Sky Uranium Corp. has embarked on an exciting initiative focused on the Amarillo Grande Project in Argentina. Following the successful completion of its infill drilling at the Ivana Deposit, the company is now intensifying its exploration efforts aimed at identifying further uranium resources. This strategic move underscores Blue Sky's commitment to advancing its projects toward economic viability through a series of well-planned and executed programs.

New Exploration Program Initiated

The exploration program is being conducted by Ivana Minerales S.A. (IMSA), in collaboration with Corporacion America Group's subsidiary, signifying a robust partnership focused on maximizing the project's potential. Central to this endeavor is the pole-dipole electrical tomography survey launched at the Ivana Gap target. The aim is to delineate drilling targets surrounding the Ivana Deposit, a crucial move to better understand the geological landscape and uncover new opportunities for resource extraction.

The early results from the pole-dipole survey indicate promise as it follows the southern extension of previously defined mineralization corridors, established through earlier drilling that revealed significant mineral content, including silver, cobalt, copper, and uranium. The promising indications from the survey not only highlight the area’s potential but also advance Blue Sky's objective of defining economically feasible uranium resources.

Milestones Achieved in Infill Drilling

In tandem with the exploration program, Blue Sky has also completed a significant infill drilling campaign at the Ivana Deposit. The completed program involved drilling 4,959 meters across 328 holes, thus enhancing the understanding of the deposit’s geological architecture. To date, the Ivana Deposit has witnessed a total of 15,839 meters drilled over 1,166 holes, a substantial effort that is expected to provide data necessary for updating and upgrading mineral resource categories within the deposit.

Nikolaos Cacos, President and CEO of Blue Sky, highlighted that these initiatives are crucial stepping stones toward achieving a prefeasibility study (PFS) at the Amarillo Grande Project. The primary goal is to transform identified high-quality exploration targets into economically viable uranium deposits, with the Ivana deposit potentially serving as a crucial production center for the project.

Comprehensive Gap Analysis

Besides the drilling and exploration activities, IMSA has also initiated a comprehensive Gap Analysis, a key step in the transition of the Ivana Project from exploration to development. This analysis is designed to identify additional studies and engineering work required to support the ongoing prefeasibility study and eventual feasibility study (DFS). It aims to lay out a structured roadmap including timelines and estimates of capital and operating costs involved in the project.

M3 Engineering and Technology Corporation is leading the analysis, ensuring all aspects—metallurgy, mine design, and environmental considerations—are thoroughly reviewed. This comprehensive approach aims to mitigate risks associated with the project while optimizing its pathway towards commercial production.

Conclusion

Blue Sky Uranium is strategically positioning itself in the uranium market, with the Amarillo Grande Project holding substantial promise for future production. The recent strides made in exploration and development through comprehensive geological work and strategic partnerships are paving the way for increased resource assessment and feasibility studies. As the company moves forward, it remains committed to delivering shareholder value while being conscientious of environmental impacts and community engagement in Argentina.

About Blue Sky Uranium Corp

Blue Sky Uranium is recognized as a leader in uranium discovery within Argentina, with a defined objective of transforming its portfolio of uranium assets into low-cost production sources while maintaining a commitment to environmental stewardship and community relations. The company’s flagship project, Amarillo Grande, illustrates the potential for both local supply and international market engagement, thriving on pioneering exploration endeavors since its inception.