Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) provides an update on activities at its Amarillo Grande Uranium-Vanadium Project (“AGP”) in Argentina. The current field work focuses on surface exploration while environmental permits for further drilling are being updated. The goal of the ongoing program is to use different techniques to detect blind uranium mineralization at depth. Recent work has included mapping, soil and pit sampling, auger drilling, and the first isotopic survey.
The isotopic technique utilizes geochemical analysis of soils to detect uranium at depth based on its decay into specific lead isotopes detectable in surface samples. Blue Sky’s work in the Ivana sector is aimed at identifying new drill targets by comparing anomalous isotopic patterns at the Ivana deposit with samples collected at other areas of known mineralization. If successful, this technique will be used as a regional tool to identify new targets and guide drilling for potential blind uranium mineralization throughout the AGP.
The Company is focused on executing its strategic plan to discover and develop a cluster of deposits that could feed a central processing facility at Ivana. Blue Sky anticipates advancing Ivana towards pre-feasibility, feasibility, and development as quickly as possible, especially with the proposed JV transaction with COAM and favorable tax measures in Argentina.
In parallel, Blue Sky is finalizing a transaction with Corredor Americano S.A. (“COAM”) to advance Ivana through to completion of a feasibility study. The transaction allows COAM to earn up to a 50% indirect interest in the Property, with additional interest available following a positive feasibility study based on funding capital costs for commercial production.
Blue Sky is also monitoring new Argentina Investment Legislation, particularly the Incentive Regime for Large Investments (RIGI), which provides special benefits for new investments over US$200 million in mining projects. The Amarillo Grande Project is located in Rio Negro Province, which recently adopted the RIGI, enhancing the investment climate for large-scale projects.
The Company’s exploration program is overseen by Qualified Person Dr. David Terry, with a focus on delineating resources at multiple areas within the Amarillo Grande Project. Blue Sky Uranium Corp. aims to deliver exceptional returns to shareholders by advancing its surficial uranium deposits into low-cost producers while maintaining environmental stewardship and community engagement. For more information on the Company and its projects, please visit the official website.
