Blue Sky Uranium Corp, an Argentina-focused energy metal explorer, said it will commence a 3,500-meter (m) reverse circulation exploration drill program to expand and upgrade the Ivana deposit.
The target zone lies within the company’s wholly-owned Amarillo Grande Uranium-Vanadium project (AGP) in Rio Negro Province, Argentina.
A previously announced, 4,500m regional exploration drilling campaign remains ongoing at AGP. Blue Sky expects to receive the complete final results from initial exploratory drilling at Ivana North in the near future, while the second portion of the planned program focused at Ivana Central will resume once updated permits are received.
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"Our goal to advance the Amarillo Grande Project into a multi-deposit uranium district requires a two-pronged approach to both identify new deposits through exploration along the 145-kilometer-long project trend and advance our cornerstone Ivana deposit. We believe that this additional drilling at Ivana has potential to expand and upgrade the current mineral resources," Nikolaos Cacos, Blue Sky’s President and CEO, said in a statement.
The drill plans for Ivana include an estimated 260 shallow holes designed to test for potential expansion to the west where a 2018 pit channel sampling program returned encouraging results, including up to 5,032 parts per million (ppm) U3O8 & 323 ppm V2O5 over 1.7m at AGI-CAL26.
Pit sampling only tested to depths of less than three meters, so the near-surface mineralization in this area remains open at depth, the company explained.
Additionally, Blue Sky will also drill holes in areas of lower drill hole density along the margins, as well as inside the Ivana deposit target zone in order to upgrade the mineral resource estimate supporting advanced engineering studies.
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