Blue Sky Uranium Expands Drill Plan to Advance the Ivana Uranium-Vanadium Project
Blue Sky Uranium (BKUCF) has expanded its 2025 drill program for the Ivana Uranium-Vanadium deposit, doubling the budget to US$6.0M from the initial US$3M commitment. The program includes US$4.4M for infill drilling and US$1.6M for exploration drilling.
The refined program will encompass up to 6,000 metres of reverse circulation drilling across approximately 330 drill holes, with an average depth of 18 metres. A second phase will include 2,500 metres of drilling to test new exploration targets. The company is evaluating drilling proposals and considering using two rigs simultaneously to accelerate the work plan.
The joint venture with Abatare Spain aims to advance the project towards feasibility and establish a domestic uranium supply for Argentina's nuclear energy generation.
Blue Sky Uranium (BKUCF) ha ampliato il programma di perforazione per il 2025 relativo al giacimento di uranio-vanadio Ivana, raddoppiando il budget a 6,0 milioni di dollari rispetto all'impegno iniziale di 3 milioni di dollari. Il programma prevede 4,4 milioni di dollari per perforazioni di infill e 1,6 milioni di dollari per perforazioni esplorative.
Il programma rivisto includerà fino a 6.000 metri di perforazioni a circolazione inversa distribuite su circa 330 fori, con una profondità media di 18 metri. Una seconda fase prevede 2.500 metri di perforazioni per testare nuovi obiettivi esplorativi. La società sta valutando le proposte di perforazione e sta considerando l’impiego simultaneo di due trivelle per accelerare il piano di lavoro.
La joint venture con Abatare Spain mira a far progredire il progetto verso la fattibilità e a stabilire una fornitura nazionale di uranio per la produzione di energia nucleare in Argentina.
Blue Sky Uranium (BKUCF) ha ampliado su programa de perforación para 2025 en el depósito de uranio-vanadio Ivana, duplicando el presupuesto a 6,0 millones de dólares desde el compromiso inicial de 3 millones de dólares. El programa incluye 4,4 millones de dólares para perforaciones de relleno y 1,6 millones de dólares para perforaciones exploratorias.
El programa refinado abarcará hasta 6.000 metros de perforación por circulación inversa en aproximadamente 330 pozos, con una profundidad media de 18 metros. Una segunda fase incluirá 2.500 metros de perforación para probar nuevos objetivos exploratorios. La compañía está evaluando propuestas de perforación y considera usar dos equipos simultáneamente para acelerar el plan de trabajo.
La empresa conjunta con Abatare Spain tiene como objetivo avanzar el proyecto hacia la factibilidad y establecer un suministro nacional de uranio para la generación de energía nuclear en Argentina.
Blue Sky Uranium (BKUCF)는 Ivana 우라늄-바나듐 매장지에 대한 2025년 시추 프로그램을 확대하여 초기 300만 달러 예산에서 6백만 달러로 두 배로 증액했습니다. 프로그램에는 내부 보강 시추에 440만 달러와 탐사 시추에 160만 달러가 포함되어 있습니다.
개선된 프로그램은 약 330개의 시추공에 걸쳐 최대 6,000미터의 역류 시추를 포함하며 평균 깊이는 18미터입니다. 두 번째 단계에서는 새로운 탐사 목표를 시험하기 위해 2,500미터의 시추가 계획되어 있습니다. 회사는 시추 제안을 평가 중이며 작업 계획을 가속화하기 위해 두 대의 장비를 동시에 사용할 것을 고려하고 있습니다.
Abatare Spain과의 합작 투자는 프로젝트를 타당성 단계로 발전시키고 아르헨티나의 원자력 발전을 위한 국내 우라늄 공급을 확립하는 것을 목표로 합니다.
Blue Sky Uranium (BKUCF) a étendu son programme de forage pour 2025 sur le gisement d’uranium-vanadium Ivana, doublant le budget à 6,0 millions de dollars contre un engagement initial de 3 millions de dollars. Le programme comprend 4,4 millions de dollars pour des forages de comblement et 1,6 million de dollars pour des forages d’exploration.
Le programme affiné couvrira jusqu’à 6 000 mètres de forage en circulation inverse répartis sur environ 330 trous de forage, avec une profondeur moyenne de 18 mètres. Une seconde phase inclura 2 500 mètres de forage pour tester de nouvelles cibles d’exploration. La société évalue les propositions de forage et envisage d’utiliser deux plateformes simultanément pour accélérer le plan de travail.
La coentreprise avec Abatare Spain vise à faire progresser le projet vers la faisabilité et à établir une fourniture nationale d’uranium pour la production d’énergie nucléaire en Argentine.
Blue Sky Uranium (BKUCF) hat sein Bohrprogramm für 2025 am Uran-Vanadium-Lager Ivana erweitert und das Budget von ursprünglich 3 Mio. USD auf 6,0 Mio. USD verdoppelt. Das Programm umfasst 4,4 Mio. USD für Infill-Bohrungen und 1,6 Mio. USD für Explorationsbohrungen.
Das überarbeitete Programm sieht bis zu 6.000 Meter Reverse-Circulation-Bohrungen über etwa 330 Bohrlöcher mit einer durchschnittlichen Tiefe von 18 Metern vor. Eine zweite Phase umfasst 2.500 Meter Bohrungen zur Erkundung neuer Ziele. Das Unternehmen prüft Bohrvorschläge und erwägt den gleichzeitigen Einsatz von zwei Bohranlagen, um den Arbeitsplan zu beschleunigen.
Das Joint Venture mit Abatare Spain zielt darauf ab, das Projekt zur Machbarkeitsstudie voranzutreiben und eine inländische Uranversorgung für Argentiniens Kernenergieproduktion zu etablieren.
- Doubled budget to US$6.0M shows strong financial commitment and confidence in the project
- Potential to become a domestic uranium supplier for Argentina's nuclear energy needs
- Accelerated work plan with possibility of using two drilling rigs simultaneously
- Additional 2,500 metres exploration program targeting new high-potential areas
- Project still requires completion of technical, legal and community requirements
- Drilling program yet to commence, subject to various approvals
- Significant capital expenditure required beyond initial commitment
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The updated programs have led to a doubling of the original budget to
Nikolaos Cacos, President & CEO of the Company stated, "It is clear that JVCO has decided to move forward with an aggressive work plan aimed at achieving technical and economic feasibility in the shortest possible time. This supports the near-term goal for Ivana: building a strong asset for our shareholders that offers
As previously reported, the next program is expected to include up to 6,000 metres of reverse circulation ("RC") drilling. The program has been refined to include approximately 330 drill holes with an estimated average depth of 18 metres as shown in Figure 1. This will include infill drilling to support the reclassification of some inferred mineral resources to indicated mineral resources and to improve the geological modeling to allow the design of the deposit to be adjusted for mining. A second phase RC drill program of up to 2,500 metres now been planned to follow the infill program. This program will test at least two new high-potential exploration targets surrounding Ivana.
Drilling proposals are currently being evaluated, and the JVCO team is prioritizing the availability of equipment and the possibility of having two rigs drilling simultaneously to accelerate the work plan.
The Company expects the drill program to begin this fiscal quarter once the final technical, legal and community requirements have been completed.
In addition to planning the drill program, the JVCO technical team is continuing its process of evaluating engineering companies capable of advancing the other technical and economic aspects of the project toward feasibility. In adherence to the principles of both joint-venture participants, the winning bid will offer the highest standards of modern and sustainable mining, extensive local experience, the ability and assurance of meeting the proposed goals within the required timeline and a commitment to an appropriate budget.
Qualified Persons
The technical contents of this news release have been reviewed and approved by Mr. Ariel Testi, CPG, who works for the Company and is a Qualified Person as defined in National Instrument 43-101.
About Ivana Minerales S.A.
Ivana Minerales S.A. is the operating company for the joint-venture between Blue Sky and its partner Abatare Spain, S.L.U. ("COAM") to advance the Ivana Uranium-Vanadium deposit in Rio Negro Province of
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
_____________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and forward-looking information (collectively, the "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's planned drilling campaign at the Ivana deposit and the timing thereof and the prospective nature of the "Bajo Huenteleo" target area. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty relating to mineral resources; risks related to heavy metal and transition metal price fluctuations, particularly uranium and vanadium; risks relating to the dependence of the Company on key management personnel and outside parties; the potential impact of global pandemics; risks and uncertainties related to governmental regulation and the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, including in respect of the Company's planned drilling program described in this news release. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
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SOURCE Blue Sky Uranium Corp.
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