Blue Sky Uranium Corp Reveals Promising Assay Results from the Amarillo Grande Uranium-Vanadium Project in Argentina
Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF) announced assay results from the third and final tranche of a reverse circulation (RC) drilling program at the Ivana deposit of its wholly-owned Amarillo Grande Uranium-Vanadium project. (AGP) in the province of Rio Negro, Argentina.
This drill segment returned 2,042 samples from 209 holes with an average depth of 9.3 meters (m). It tested the lower density of drill holes at the margins and within the western part of the Ivana deposit, as well as the potential expansion of the deposit to the west.
Results included 7m with an average of 309 parts per million (ppm) tiuranium octoxide (U3O8) and 417ppm vanadium oxide (V2O5), including 1.273ppm U3O8 and 1,260ppm V2O5 over 1m in borehole 817.
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“These results complete a very successful program, once again achieving significant uranium and vanadium mineralization on both our fill and expansion targets,” CEO Nikolaos Cacos said in a statement. “We look forward to updating our resource estimate and bringing the Ivana deposit closer to a pre-feasibility stage in the future.”
Other highlights include:
- 8 m with an average of 197 ppm U3O8 and 202 ppm V2O5, including 805 ppm U3O8 and 243 ppm V2O5 over 1 m in hole 764
- 4 m with an average of 238 ppm U3O8 and 56 ppm V2O5, including 580 ppm U3O8 and 50 ppm V2O5 over 1 m in hole 630
- 9 m with an average of 123 ppm U3O8 and 204 ppm V2O5, including 500 ppm U3O8 and 332 ppm V2O5 over 1 m in hole 823
- 7 m with an average of 117 ppm U3O8 and 161 ppm V2O5, including 409 ppm U3O8 and 234 ppm V2O5 over 1 m in hole 819
- 6 m with an average of 207 ppm U3O8 and 90 ppm V2O5, including 335 ppm U3O8 and 25 ppm V2O5 over 1 m in hole 637
Assay results confirmed the presence of uranium and vanadium mineralization near the surface, the company said.
Notably, hole 764 is located 700m west of the boundary of the current mineral resource estimate. In this area of potential expansion, the presence of near-surface vanadium mineralization is notable, the company added.
Additionally, drilling of areas with previously low density hole coverage within the limits of the current Mineral Resource estimate has produced a number of significant uranium intersections, many of which also had notable intersections of vanadium.
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