Blue Sky Uranium Corp. (TSXV: BSK) has completed a drilling programme at the Ivana Deposit, within its wholly-owned Amarillo Grande Uranium-Vanadium Project (AGP) in Rio Negro Province, Argentina.
Nikolaos Cacos, Blue Sky President and CEO, said assay results will be released over the coming weeks as they are received, compiled, and interpreted.
“We are very pleased to complete this program, which represents an important next step for advancing the Ivana deposit towards a pre-development phase,” Mr Cacos said.
“Our next plan for drilling will include a return to the Central target, some ten kilometres north of Ivana, as part of our regional programme to identify additional resources at Amarillo Grande and build the project into a multi-deposit uranium district.”
The reverse circulation (RC) drill programne was designed to test the potential expansion of the Ivana deposit to the west as well as adding holes in areas of lower drill hole density at the margins of, and within, the Ivana deposit to aid in upgrades to the mineral resource estimate that will support advanced engineering studies.
The programme has concluded with a total of 3,255 metres drilled in 350 holes. This brings the total drilled at the immediate Ivana Deposit area to 10,877 metres in 838 holes.
The company is continuing its exploration drilling programme to assess the potential of the Ivana North and Central target areas situated north of the Ivana deposit.
The first stage of drilling at Ivana North portion is complete and identified a geochemical pathfinder footprint similar to the Ivana deposit, which was interpreted to confirm the potential for discovery of a REDOX front related uranium mineralised system in the Ivana North area.
Of the first six holes (286 metres) drilled at Ivana Central, two intersected anomalous uranium, including 120 ppm U3O8 over 1 metre in hole AGIC-01.
Approximately 1,200 metres of the programme remains to be drilled at Ivana Central for completion of the first stage of drilling at this target; an additional 1,500m of follow-up drilling is also planned to vector towards and define targets for new resources.
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