June 16, 2024

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Blue Sky Uranium Launches In depth Drilling System and Engineering Scientific studies to Advance the Amarillo Grande Uranium Task, Argentina

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VANCOUVER, BC, Feb. 1, 2021 /PRNewswire/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) “Blue Sky” or the “Enterprise”) is pleased to announce that the Enterprise has mobilized to recommence its reverse circulation (“RC”) drilling exploration method, with a prepared minimum amount of 4,500 metres of drilling at its wholly-owned Amarillo Grande Uranium-Vanadium Task in Rio Negro Province, Argentina (“AGP”). The plan was initially scheduled in early 2020 but was suspended due to federal and provincial vacation and do the job limits enacted to mitigate the COVID-19 pandemic.  New tips for protected carry out of exploration programs have now been presented and Blue Sky has enacted a thorough established of COVID-19 protocols for this plan.    

“With the escalating optimistic sentiment in the uranium sector, we are quite happy to be able to shift forward with our drilling method on the Amarillo Grande Challenge.” mentioned Nikolaos Cacos, Blue Sky President & CEO. “Our developing pipeline of powerful targets supports the prospective expansion from a solitary deposit at Ivana to a multi-deposit uranium district in the 140-kilometre-lengthy development in the Amarillo Grande Challenge.”

From the around 100 drill holes at first planned in two higher-priority exploration target areas, Ivana Central (IC) and Ivana North (IN), only 8 holes have been concluded ahead of suspension.  IC and IN are found 10 and 20 kilometres north, respectively, of the Firm’s Ivana Deposit (see Map 1: ). Organizing and permitting is also proceeding for drill tests of added priority target spots (see Information Release dated November 2, 2020) and the Corporation will also be ramping up engineering and course of action exam operate more than the coming months to support innovative specialized reports. 

The IC and IN targets are interpreted as getting located alongside the similar regional reduction-oxidation (“REDOX”) front as the Ivana Deposit similar REDOX fronts in other jurisdictions typically host multiple deposits.  The exploration courses beforehand completed at these targets included airborne and floor radiometric surveys, sediment and pit sampling, auger and main diamond drilling and induced polarization (IP) geophysical surveys. The compiled results indicate a good geological natural environment, with large chargeability IP anomalies and uranium-vanadium mineralization noticed, like 1.40% U3O8 over 1.10 m in pit samples (see Information Releases dated March 13, 2012 May possibly 16, 2019 September 19, 2019 and December 4, 2019).

The Business is also continuing with preparing and permitting to progress the Ivana Este and Quatro targets (see News Release dated November 2, 2020) to the drill stage.  These uranium targets located 10 kilometres northeast and 32 kilometres southwest, respectively, of the Ivana deposit are also interpreted to be affiliated with the identical regional REDOX entrance (uranium entice) where the Ivana Deposit is situated.  More aspects on planned exploration, together with geophysics and drilling at these targets, and on engineering and method take a look at do the job plans for the Ivana Deposit or likely new discoveries will be presented in upcoming updates.

RC Drilling Application Specifics

Every focus on handles a substantial spot of approximately 4 by 7 kilometres. The drilling method was created with a series of ambitions and the versatility to modify the preliminary drilling program and plan centered on outcomes. Adhering to this technique, the system will move forward with a 1,500 metre first period for each of IC and IN targets.  A subsequent 1,500 metre drill program will be planned to follow-up the very best success at the two targets with additional detailed drilling.

The RC drilling software will be executed by AGV Falcon Drilling.  Samples will be gathered every single metre.  Samples will be sent to Bureau Veritas Minerals of Mendoza, Argentina for preparation by drying, crushing to 80% passing 10 mesh and then pulverizing a 250g break up to 95% passing 150 mesh. Pulps will be despatched to Bureau Veritas Commodities Canada Ltd. for analysis of 45 components by usually means of Inductively Coupled Plasma Mass Spectrometry (ICP-MS) following a four-acid digestion (MA-200). Samples over 4,000ppm uranium are re-assayed right after phosphoric acid leach by Inductively Coupled Plasma Electron Spectrometry (ICP-ES). Close to each 10th sample a blank, replicate, or standard sample is inserted into the sample sequence for high-quality assurance/good quality management (QA/QC) applications. 

Experienced Folks

The style and design of the Company’s exploration software was undertaken by the Company’s geological staff members under the supervision of David Terry, Ph.D., P.Geo. Dr. Terry is a Director of the Organization and a Certified Man or woman as defined in Countrywide Instrument 43-101.  The contents of this news release have been reviewed and accepted by Dr. Terry.

About the Amarillo Grande Venture

The Firm’s 100% owned Amarillo Grande Uranium-Vanadium Venture in Rio Negro Province, Argentina is a new uranium district managed by Blue Sky. The Ivana deposit is the cornerstone of the Task and the very first element of the district for which both equally a Mineral Useful resource Estimate and a Preliminary Financial Evaluation have been finished.   Mineralization at the Ivana deposit has characteristics of sandstone-type and surficial-type uranium-vanadium deposits. The sandstone-style mineralization is similar to a braided fluvial method and implies the prospective for a district-measurement technique. In the surficial-sort deposits, mineralization coats loosely consolidated pebbles, and is amenable to leaching and basic upgrading.

The Task involves various other target places over a regional pattern, at or in the vicinity of surface. The region is flat-lying, semi-arid and accessible year-spherical, with close by rail, electric power and port obtain. The Company’s approach includes delineating means at a number of locations and advancing the complete challenge to prefeasibility stage.

For more information on the project and attributes, be sure to see the Firm’s web site.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a chief in uranium discovery in Argentina. The Firm’s goal is to deliver excellent returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into minimal-charge producers, although respecting the natural environment, the communities, and the cultures in all the areas in which we perform. Blue Sky has the exclusive ideal to of homes in two provinces in Argentina. The Company’s flagship Amarillo Grande Undertaking was an in-house discovery of a new district that has the probable to be the two a primary domestic supplier of uranium to the escalating Argentine market and a new international market supplier. The Business is a member of the Grosso Team, a source administration group that has pioneered exploration in Argentina considering that 1993.

ON BEHALF OF THE BOARD

“Nikolaos Cacos”
_____________________________________
Nikolaos Cacos, President, CEO and Director

Neither TSX Undertaking Trade nor its Regulation Companies Service provider (as that term is described in policies of the TSX Undertaking Exchange) accepts obligation for the adequacy or precision of this release.

This news release may well comprise forward-wanting statements.  Forward-wanting statements deal with potential gatherings and situations and thus entail inherent threats and uncertainties. All statements, other than statements of historic fact, that handle routines, situations or developments the Firm thinks, expects or anticipates will or may perhaps arise in the long term, like, with out limitation, statements about the Company’s designs for its mineral attributes the Firm’s organization system, designs and outlooks the foreseeable future financial or working efficiency of the Business and upcoming exploration and working options are ahead-wanting statements. 

Forward-looking statements are topic to a range of dangers and uncertainties that might trigger the real success of the Company to differ materially from those people mentioned in the ahead-hunting statements and, even if these genuine effects are understood or significantly understood, there can be no assurance that they will have the anticipated penalties to, or results on, the Firm. Elements that could trigger precise effects or functions to vary materially from present-day expectations involve, amid other matters: the effect of COVID-19 risks and uncertainties related to the potential to get hold of, amend, or sustain licenses, permits, or area rights dangers involved with complex difficulties in relationship with mining pursuits and the probability that future exploration, advancement or mining outcomes will not be dependable with the Company’s anticipations.  Actual success may well differ materially from people currently predicted in these types of statements. Readers are inspired to refer to the Company’s public disclosure paperwork for a much more comprehensive dialogue of elements that may well impression expected future effects. The Firm undertakes no obligation to publicly update or revise any forward-on the lookout statements, until demanded pursuant to relevant rules. We recommend U.S. traders that the SEC’s mining suggestions strictly prohibit information and facts of this kind in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent houses are not indicative of mineral deposits on our properties.

Source Blue Sky Uranium Corp.

Relevant Links

www.blueskyuranium.com

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