Blue Sky Uranium Launches Exploration Program after Completing Ivana Deposit Infill Drilling Program and Advances towards Prefeasibility Study at Amarillo Grande Project, Argentina
Blue Sky Uranium (OTC:BKUCF) has initiated two significant programs at its Amarillo Grande Project in Argentina. The company has launched an exploration program through Ivana Minerales S.A. (IMSA), starting with a pole-dipole electrical tomography survey at the Ivana Gap target, while also completing a major infill drilling program at the Ivana Deposit consisting of 4,959 metres across 328 holes.
The company has also begun a comprehensive Gap Analysis led by M3 Engineering, marking a crucial step in transitioning Ivana from exploration to development stage. This analysis, expected to take 4-6 weeks, will identify additional studies, engineering work, and permitting requirements needed for pre-feasibility and definitive feasibility studies.
The infill drilling program has expanded the total drilling at the deposit to 15,839 metres across 1,166 holes, with samples being analyzed for multi-elements using advanced ICP instrumentation. The project currently comprises approximately 80% indicated resources.
Blue Sky Uranium (OTC:BKUCF) ha avviato due programmi significativi presso il suo Progetto Amarillo Grande in Argentina. L'azienda ha avviato un programma di esplorazione tramite Ivana Minerales S.A. (IMSA), partendo da un sondaggio di tomografia elettrica polo-dipolo presso l'obiettivo Ivana Gap, mentre ha anche completato un importante programma di trivellazione di riempimento presso il Deposito Ivana, consistente in 4.959 metri su 328 pozzi.
L'azienda ha inoltre avviato un'analisi Gap completa guidata da M3 Engineering, segnando un passo cruciale nel passaggio di Ivana dall'esplorazione allo sviluppo. Questa analisi, prevista per durare 4-6 settimane, identificherà ulteriori studi, lavori di ingegneria e i requisiti di permesso necessari per studi di prefeasibilità e di fattibilità definitiva.
Il programma di trivellazione di riempimento ha ampliato il totale delle trivellazioni nel deposito a 15.839 metri su 1.166 pozzi, con campioni analizzati per multi-elementi utilizzando strumentazione ICP avanzata. Il progetto è attualmente composto da circa 80% risorse indicate.
Blue Sky Uranium (OTC:BKUCF) ha iniciado dos programas significativos en su Proyecto Amarillo Grande en Argentina. La compañía ha lanzado un programa de exploración a través de Ivana Minerales S.A. (IMSA), comenzando con una prospección de tomografía eléctrica polo-dipolo en el objetivo Ivana Gap, mientras que también ha completado un importante programa de sondajes de relleno en el Depósito Ivana, que consiste en 4.959 metros en 328 pozos.
La empresa también ha iniciado un exhaustivo Gap Analysis dirigido por M3 Engineering, marcando un paso crucial en la transición de Ivana de la exploración al desarrollo. Este análisis, que se espera que tome 4-6 semanas, identificará estudios adicionales, trabajos de ingeniería y requisitos de permisos necesarios para los estudios de prefeasibilidad y factibilidad definitiva.
El programa de perforación de relleno ha ampliado el total de perforaciones en el depósito a 15.839 metros en 1.166 pozos, con muestras analizadas para multi-elementos utilizando instrumentación ICP avanzada. El proyecto actualmente comprende aproximadamente un 80% de recursos indicados.
Blue Sky Uranium (OTC:BKUCF)가 아르헨티나의 Amarillo Grande 프로젝트에서 두 가지 중요한 프로그램을 시작했습니다. 이 회사는 Ivana Minerales S.A. (IMSA)를 통해 탐사 프로그램을 시작했으며 Ivana Gap 목표에 대해 폴-다이폴로 전기 단층 탐사를 시작했고, 동시에 Ivana Deposit에 대한 대규모 보충 드릴링 프로그램을 완료했습니다. 이는 328개 구멍에 걸쳐 4,959미터로 구성됩니다.
또한 Gap Analysis를 M3 Engineering이 주도하는 포괄적 분석을 시작했습니다. 이는 Ivana를 탐사에서 개발 단계로 전환하는 데 중요한 단계로, 4-6주 정도 소요될 것으로 예상되며 예비 타당성 및 확정 타당성 연구에 필요한 추가 연구, 엔지니어링 작업 및 허가 요건을 식별합니다.
보충 드릴링 프로그램은 매장 내 총 드릴링 거리을 1,166개 구멍에 걸쳐 15,839미터로 확장했고, 초음파 ICP 기기를 사용해 다중 원소를 분석하고 있습니다. 현재 프로젝트는 약 80%의 표시된 자원으로 구성되어 있습니다.
Blue Sky Uranium (OTC:BKUCF) a lancé deux programmes importants sur son projet Amarillo Grande en Argentine. La société a lancé un programme d'exploration via Ivana Minerales S.A. (IMSA), en commençant par une prospection tomographique électrique polo-dipôle sur la cible Ivana Gap, tout en réalisant également un important programme d'infill drilling à Ivana Deposit, comprenant 4 959 mètres sur 328 forages.
La société a également entamé une Gap Analysis complète dirigée par M3 Engineering, marquant une étape cruciale dans la transition d'Ivana de l'exploration au développement. Cette analyse, qui devrait durer 4-6 semaines, identifiera des études supplémentaires, des travaux d'ingénierie et les exigences d'autorisation nécessaires pour les études de faisabilité préliminaire et de faisabilité définitive.
Le programme d'infill drilling a porté le total des forages du dépôt à 15 839 mètres sur 1 166 puits, les échantillons étant analysés pour multi-éléments à l'aide d'une instrumentation ICP avancée. Le projet comprend actuellement environ 80% de ressources indiquées.
Blue Sky Uranium (OTC:BKUCF) hat zwei bedeutende Programme bei seinem Amarillo Grande-Projekt in Argentinien gestartet. Das Unternehmen hat ein Explorationsprogramm über Ivana Minerales S.A. (IMSA) eingeleitet und beginnt mit einer Pole-Dipole-Tomographie-Untersuchung am Ivana Gap-Ziel, während gleichzeitig ein umfangreiches Fill-In-Drilling-Programm im Ivana Deposit abgeschlossen wurde, das 4.959 Meter über 328 Bohrlöcher umfasst.
Das Unternehmen hat außerdem eine umfassende Gap-Analyse unter der Leitung von M3 Engineering begonnen, die einen entscheidenden Schritt beim Übergang von Ivana von der Exploration zur Entwicklung markiert. Diese Analyse wird voraussichtlich 4-6 Wochen dauern und zusätzliche Studien, Ingenieurarbeiten und Genehmigungen identifizieren, die für Vor-/Feasibility-Studien erforderlich sind.
Das Infill-Drilling-Programm hat das gesamte Bohrprogramm am Deposit auf 15.839 Meter über 1.166 Bohrlöcher erweitert, wobei Proben auf Multi-Elemente mittels fortschrittlicher ICP-Instrumentierung analysiert werden. Das Projekt besteht derzeit zu etwa 80% aus indikierten Ressourcen.
Blue Sky Uranium (OTC:BKUCF) قد بدأا برنامجين مهمين في مشروع Amarillo Grande في الأرجنتين. أطلقت الشركة برنامج استكشاف من خلال Ivana Minerales S.A. (IMSA)، بدءاً من مسح توموغرافي كهربائي بلدي-القطبي عند هدف Ivana Gap، وفي الوقت نفسه أتمت برنامج حفر تعبئة رئيسي في إيد Ivana Deposit يتكون من 4,959 مترًا عبر 328 بئرًا.
كما بدأت الشركة تحليل Gap شامل بقيادة M3 Engineering، وهو خطوة حاسمة في انتقال Ivana من الاستكشاف إلى التطوير. من المتوقع أن تستغرق هذه التحليل 4-6 أسابيع، وسيحدد دراسات إضافية وأعمال هندسية ومتطلبات ترخيص مطلوبة لدراسات ما قبل الجدوى وجدوى نهائية.
برنامج الحفر التعبئة قد وسّع إجمالي الحفر في الإيداد إلى 15,839 مترًا عبر 1,166 بئرًا، مع تحليل العينات لعدة عناصر باستخدام أجهزة ICP المتقدمة. المشروع حاليًا يتكون من حوالي 80% من الموارد المحددة.
Blue Sky Uranium (OTC:BKUCF) 已在阿根廷的 Amarillo Grande 项目启动了两个重要计划。公司通过 Ivana Minerales S.A. (IMSA) 启动了一项勘探计划，首先在 Ivana Gap 目标区域进行极 dipole 电阻率成像勘测，同时还完成了 Ivana Deposit 的一次大规模填充钻探计划，钻孔总数为 328 孔，长度 4,959 米。
公司还开始由 M3 Engineering 主导的全面 Gap 分析，这是 Ivana 由勘探阶段向开发阶段过渡的关键步骤。该分析预计需要 4-6 周 时间，将识别前期可行性研究及最终可行性研究所需的额外研究、工程工作和许可要求。
填充钻探计划将矿床的总钻探长度扩展至 15,839 米，涵盖 1,166 孔，样品将使用先进的 ICP 仪器进行多元素分析。该项目目前约有 80% 的指示资源。
- Completion of extensive infill drilling program with 4,959 metres across 328 holes
- Advancement towards pre-feasibility study (PFS) stage
- Strong quality control measures with 576 control samples for QA/QC
- 80% of current mineral resources in indicated category
- Strategic partnership with IMSA providing exclusive rights for project development
- Gap Analysis results pending, potentially identifying additional required work
- Project still in early stages, requiring significant development before production
- Uncertain timeline for completion of pre-feasibility and definitive feasibility studies
In addition to this exploration initiative, the Company also reports that IMSA has completed the previously announced infill drilling program at the Ivana Deposit, marking a key milestone towards completing a prefeasibility study ("PFS"). The infill program included 4,959 metres of drilling across 328 holes, bringing the total drilling at the deposit to 15,839 metres of drilling across 1,166 holes (see Figure 2). The objective of the program is to provide data to update and upgrade the current mineral resource categories, which presently are comprised of approximately
Nikolaos Cacos, Blue Sky President & CEO commented, "These complimentary programs contribute to Blue Sky's strategic objectives of advancing the many high-quality exploration targets into economic uranium deposits at the district scale Amarillo Grande Project, with Ivana potentially providing the initial production and a central processing facility."
Concurrent with the above programs, IMSA has initiated a comprehensive Gap Analysis, a key step in transitioning the Ivana Project from an exploration-stage asset into a development-stage project. The analysis, which is expected to take between four and six weeks, is designed to identify all the additional studies, engineering work, and permitting requirements needed to support both a pre-feasibility study and, ultimately, a definitive feasibility study ("DFS"). Beyond identifying any missing elements, the Gap Analysis will provide a structured roadmap with clear sequencing of tasks, indicative timelines, and an initial framework for estimating project-wide capital and operating costs.
Program Details
Call Option Targets Exploration
This program began with a 5 line-kilometre pole-dipole electrical tomography ("ET") survey to delineate new targets for drilling at the Ivana Gap target. The program aims to follow the southern extension of mineralization at the Ivana Central target (Figure 1) where previous drilling identified a +2.4km long and +1km wide NNW-SSE corridor situated between 40m and 60m depth, open to the north and south. This corridor returned elevated silver-cobalt-copper-uranium-tungsten, including 0.35m @ 2,880ppm Ag (see press release dated May 24, 2023).
This geophysical method was successfully employed at the Ivana deposit, aiding in drill targeting that led to the discovery. The ET survey is useful for detecting potential buried zones with high porosity and the presence of a reduction zone where organic matter and/or pyrite/sulphide minerals have potentially trapped uranium mineralization.
The geophysical survey is expected to be concluded within 10 days, followed by approximately one week of data processing. Based on the ET results, the Company will define the extent of the planned diamond drilling program at the Ivana Gap target and the precise collar locations for the drill holes.
Ivana Deposit Infill Drilling Program
The completed RC drilling program included 328 holes, averaging 15 metres in depth, and totaling 4,959 metres of drilling. The program was carried out by Patagonia Drilling using a FlexiROC D65 drill rig from Atlas Copco, an ore-control track-mounted rig adapted to reverse circulation with triple cyclone to reduce dust loss during sampling and automatic sampling.
The program included grid drilling within the mineralized areas for better geological understanding and improved confidence, as well as drilling at the borders of the deposit model for better delineation of its extents. In addition, drilling also tested a crucial area near the core of the deposit, proximal to some of the highest uranium grades, where poor soil conditions had previously restricted access. The Ivana deposit now has a total of 15,839 metres of RC drilling in 1,166 holes spaced at approximately 75m x 75m within the boundaries of the modelled deposit.
A total of 5,443 samples were sent to ALS Argentina for preparation and sent to ALS Peru for analysis of multi-elements ultra-trace method combining four acid digestion with Inductively Coupled Plasma ("ICP") instrumentation. The program included 322 blanks, fine and coarse blank samples, 162 duplicates from original samples and 92 certified standards, which were inserted into the sample sequence for quality assurance/quality control ("QA/QC") purposes.
Ivana Deposit Gap Analysis
The scope of the Gap Analysis is extensive. It will assess metallurgy, mine design, process engineering, infrastructure, environmental and social considerations, water management, and permitting strategies. M3 Engineering and Technology Corporation is leading the process and is responsible for overall coordination, as well as reviewing metallurgical test work, process flowsheets, non-mining engineering activities, infrastructure requirements, and preparation of the final report. SRK Consulting is tasked with mine planning, reserve estimation, geotechnical studies, and the design and review of the tailings storage facility. Hidroar S.A. is reviewing all requirements related to the environmental impact assessment, with a particular focus on strategies for groundwater management, permitting compliance, and environmental baseline studies. Lionsgate Geological Consulting Inc. will review the mineral resource estimate. Meanwhile, Blue Sky's internal team provides geological oversight, integrating exploration data, and managing general project coordination.
The Gap Analysis is not only a technical exercise but also a strategic step that will allow Ivana Minerales to evaluate project risks, define critical path activities, and prioritize expenditures. The outcome will be a comprehensive plan positioning the Ivana Project for advancement into pre-feasibility with a clear understanding of both the opportunities and challenges ahead.
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. 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 campaigns, its objectives and the potential mineral content of its projects. 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 exploration 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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