Approvals Given For Next Second Tranche Programme
Blue Sky Uranium Corp. (TSXV: BSK/OTC: BKUCF) has commenced a 3,500 metre reverse circulation (RC) resource advancement drilling programme at its Ivana deposit, with 50 holes totalling 293m completed to date.
Additionally, permits have been received to complete the initial drilling programme at the Ivana Central target, which is the second tranche of a separate exploration drilling programme at the company’s wholly-owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina.
President and CEO, Nikolaos Cacos, said further, interpreted analytical results for the first tranche of the wide-spaced shallow exploratory drilling program are reported. The aim of this initial drilling program is to further assess the potential of the Ivana North and Central target areas and to provide vectors to focus subsequent drilling programmes.
“We are pleased that this latest program has given us valuable information at Ivana North to help us target follow-up drilling in the area,” Mr Cacos said.
“The elements identified by these initial drill holes are very similar to the geochemical pathfinder footprint at the Ivana deposit. The preliminary results from Ivana Central are also very encouraging, and we look forward to continuing the systematic exploration work which is progressing on a similar path to that which led to the discovery of the Ivana deposit ten kilometres to the south.
“These results re-affirm the potential of Amarillo Grande to become a multi-deposit uranium district.”
At Ivana North, anomalous low-grade (less than 100ppm) uranium intercepts were returned in thirty percent of the holes completed, often accompanied by anomalous pathfinder elements including molybdenum and selenium.
Based on the similarities to the geochemical pathfinder footprint at the Ivana deposit, the Ivana North results are interpreted to confirm the potential for discovery of a REDOX front related uranium mineralised system in the Ivana North area. The Ivana North results have provided additional information for follow-up drill targeting, which will be further evaluated and prioritized once the first phase of Ivana Central drilling is completed.
Of the first six holes (286 metres) drilled at Ivana Central, two intersected anomalous uranium, including 120 ppm U3O8 over 1 metre at in hole AGIC-01. Approximately 1,200 metres of the initial planned program remains to be drilled at Ivana Central.
Drilling Programme Details
The Ivana Central and Ivana North targets, located at 10 and 20km north of the Ivana deposit, respectively, are interpreted as being located along the same regional REDOX front as the Ivana deposit. Each target covers a large area of approximately four by seven kilometres. The goal of this drilling programme is to complete wide-spaced fences of drill holes over the target areas to provide below-surface information to assist in vectoring towards uranium mineralization “trapped” along potential REDOX fronts. Comparable REDOX fronts in other jurisdictions commonly host multiple uranium deposits, either laterally along the front or as a series of stacked REDOX fronts separated laterally and/or in depth.
The company’s strategy has been to deploy an initial ~1,500m of drilling at each of the Ivana North and Ivana Central targets, followed by ~1,500m of follow-up detailed drilling to better define areas with the best results at both targets. The next stage of the exploration programme will focus on completing the initial drilling planned at Ivana Central.
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