Uranium Explorer Advances Toward PEA for Argentina Project

The company provided an update on its efforts at its project.

Blue Sky Uranium Corp. (BSK:TSX.V) is continuing work at its Amarillo Grande uranium-vanadium project in Rio Negro, Argentina, to release of a preliminary economic assessment (PEA) on the Ivana deposit there by the end of 2018. Also, exploration for additional resources is underway.

“We continue with our strategy to advance our exploration and PEA program work at Amarillo Grande so that we are positioned to capitalize on that return for our shareholders,” said Nikolaos Cacos, the president and CEO.

With respect to the PEA, preliminary mineralogical testing has been done, by the Saskatchewan Research Council (SRC) laboratory. The SRC now is conducting metallurgical and process test work that will include “QEMSCAN quantitative mineralogy testing and customized leach experiments.” The goals are “confirming the balance of uranium and vanadium in the ore preparation and optimizing the leach extraction rate and recovery,” a news release explained. The results will be used to design the flowsheet for the PEA.

Regarding efforts to expand resources and/or identify new mineralization at Ivana, Blue Sky is continuing its auger drilling program to identify deposit extensions and new areas of mineralization on the Ivana property. The company completed 425.5 meters of shallow auger drilling in 110 holes, from which radiometric probe data are being processed. Those results should be announced soon.

To follow auger drilling, Blue Sky plans a 1000-plus meter stepout, reverse circulation drill program around Ivana. It is scheduled to start in mid-August.

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