Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF) announced that it is launching a 1,200 metre reverse circulation (RC) exploration drilling program at the Ivana East target, located 10 kilometres east of the Ivana deposit in the southernmost sector of its wholly-owned Amarillo Grande Uranium-Vanadium Project in Argentina.
The uranium exploration company said the drill program at Ivana East is a continuation of the staged exploration drill testing of four high-priority targets close to the Ivana deposit, which also includes Ivana North, Ivana Central and Cateo Cuatro.
“This target shows significant similarities to the geological environment that hosts the nearby Ivana deposit, representing a priority target for our goal of identifying a cluster of deposits in the area,” Blue Sky Uranium CEO Nikolaos Cacos said in a statement.
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Blue Sky noted the goal of the drill program is to test the presence of uranium mineralization deposited within high-porosity conglomerates and/or sandstones related to a basal channel environment.
The company added that Ivana North and Central have had their initial drilling program completed, while Cateo Cuatro has a drill program planned for future completion.
As well, Blue Sky said once initial drilling is complete at all four targets, further work will focus on areas identified as having geological conditions most similar to those at the Ivana deposit, and the best prospects for discovery of new mineral resources that could be incorporated into future plans for advancing the Ivana deposit.
Blue Sky Uranium is a leader in uranium discovery in Argentina. The company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers while respecting the environment, communities, and culture in all areas where it works.
Contact Sean at sean@proactiveinvestors.com