#Argentina #Rio Negro #Ivana Uranium #Blue Sky #Vanadium Project

Blue Sky Uranium Initiates Drilling Program for Ivana Project

Blue Sky Uranium Corp., a prominent player in the uranium exploration sector in Argentina, has announced the beginning of its drilling program for the Ivana Uranium-Vanadium Project. This development marks a significant step forward for the company as it seeks to enhance its operations and bolster its mineral resources. The drilling campaign is set to commence on June 1, 2025, with planned phases to maximize exploration efficiency.

Project Overview

The Ivana project, located in Rio Negro Province of Argentina, is of utmost importance for Blue Sky Uranium as it works to solidify its position in the uranium market. With a carefully structured drilling strategy, the company aims to better define known mineralized bodies and evaluate potential extensions of these zones. This enhanced understanding is crucial for moving towards a pre-feasibility study and eventual production.

Drilling Phases

The drilling campaign will be executed in two key phases. The initial phase will focus on infill drilling at the Ivana deposit itself, with the purpose of providing more precise data regarding the existing mineral resources. Following this, the second phase will target satellite areas that have previously exhibited promising results in earlier explorations.
The infill drilling work has been awarded to Patagonia Drilling, which will utilize two reverse circulation (RC) drill rigs to fulfill this objective. Patagonia Drilling comes with a strong reputation and has previously demonstrated success in mineral exploration throughout Argentina, including conducting earlier drilling campaigns at the Ivana Project.

The subsequent drilling phase will be undertaken by AGV Falcon Drilling, another established firm renowned for its contributions to local mineral exploration efforts. AGV Falcon will employ both RC and diamond drilling methods to delineate mineralization in surrounding areas, effectively extending the exploration footprint of the Ivana Project.

Expert Oversight

The technical aspects of the drilling program have obtained validation from Mr. Ariel Testi, CPG, a Qualified Person in accordance with the National Instrument 43-101 standards. His involvement underscores the rigorous oversight present in Blue Sky's operations, as it aims to protect investor interests and adhere to industry best practices.

Strategic Partnerships

Blue Sky's operations at the Ivana project benefit from the strategic partnership between the company and Abatare Spain, S.L.U. Under this joint venture, Ivana Minerales S.A. operates with the intention of advancing the project to commercial production. Abatare has agreed to fund the substantial expenditure of US$35 million to secure a 49.9% equity interest in the Ivana deposit, with further options to expand its stake.

This collaborative approach helps to distribute risks and allows both companies to leverage their strengths to ensure the success of the Ivana venture. Blue Sky Uranium's commitment to environmental respect and community considerations highlights its dedication to responsible mining practices.

Looking Ahead

As the drilling program approaches its start date, excitement builds within the company and among its stakeholders. Blue Sky Uranium aims to unlock the full potential of its Ivana Uranium-Vanadium Project, not only contributing to the local mining economy but also potentially becoming a major supplier of uranium to the expanding domestic market in Argentina.

In conclusion, Blue Sky Uranium is poised to make significant strides in its mining endeavors as it embarks on this drilling program. With experienced operators, a solid strategic partnership, and a dedication to responsible mining, the Ivana Uranium-Vanadium Project represents a critical opportunity for growth and development in the uranium sector. Investors and stakeholders alike will be watching closely as drilling begins, eager for the insights these efforts will reveal.