Blue Sky reports major targets adjacent to Marifil's San Roque Au-Ag project, Rio Negro province, Argentina
(via Thenewswire.ca)
Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL, WKN: AOMKXP) ("Blue Sky" or the "Company") reports two major airborne magnetic anomalies with gold-silver potential adjacent to Marifil Mines Limited ("Marifil") San Roque project, under option to NovaGold Resources, Inc. ("NovaGold"), in the Rio Negro province, Argentina. Recently Marifil announced results from NovaGold's Phase 1 drill program including an intercept of 120 m at average grade of 1.2 g/t Au and 10 g/t Ag in drill hole MSR-009 as well as significant values for indium, lead and zinc. Marifil stated that they believe that they have discovered a major gold-silver-lead-zinc-indium deposit (July 20, 2011 press release).
See map: http://www.blueskyuranium.com/i/pdf/DarmarOCMap.pdf
"The identification of two major gold-silver targets in Rio Negro highlights the underexplored nature of the Province. Our Company's focus is clearly on uranium and the Darmar property is a good example of added benefits of what our activities can bring outside our main exploration focus." stated Normand Champigny, Blue Sky's President and Chief Operating Officer.
In the Rio Negro province a 22,214 line-km airborne radiometric and magnetic survey completed by Blue Sky delineated uranium targets (October 4, 2010 press release) and resulted in the discovery of uranium mineralization on the Ivana property (August 9, 2011 press release). Interpretation of the magnetic data from this survey also identified two major magnetic anomalies on the 100% owned Darmar I and Darmar properties. The area in and around the Darmar properties has had very little modern exploration.
The first target is located on the Darmar I property (97.5 km2) located 3.5 km southeast of the San Roque project. It consists of a 1.5 km in diameter magnetic anomaly that may correspond to an intrusive system covered by shallow gravels. An exploration license has been granted and an environmental impact study has been submitted for prospecting. The results of reconnaissance sampling (15 soil samples and 1 grab rock sample) did not reveal significant values. A ground geophysical survey is planned to define drilling targets.
The second target is located on the Darmar property (100 km2), located 43 km southeast from the Darmar I property and has a diameter of 4.5 km. The property area is covered by shallow gravels with very few outcrops and underlain by tuffs and sediments of Neogene age.
An exploration license has been granted with an environmental impact study approved for prospecting. Planning of a ground geophysical survey is underway to define drilling targets.
Normand Champigny of Blue Sky, Bruce A. Smith, Country Manager for Minera Cielo Azul S.A., a 100% owned subsidiary of Blue Sky, and John Kieley, consultant responsible for the geophysical interpretation, are Qu begin_of_the_skype_highlightingend_of_the_skype_highlightingalified Persons as defined by National Instrument 43-101 and have prepared and verified the information contained in this release.
About Blue Sky Uranium Corp.
Blue Sky is a member of the Grosso Group, a resource management group with over 18 years of exploration experience in South America. Blue Sky, through its membership with the Grosso Group, signed an agreement in principle for a strategic alliance with the Government of Rio Negro, Argentina, for the purpose of jointly exploring the potential for commercial mining activity to develop mining projects that provide for the acquisition, exploration and exploitation of polymetallic and energy related mineral deposits. Blue Sky is one of the country's leading uranium exploration companies with more than 6,000 km2 of tenements. Argentina has an advanced nuclear industry, centered in the Rio Negro Province.
ON BEHALF OF THE BOARD
"Normand Champigny"
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Mr. Normand Champigny, President & COO
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@blueskyuranium.com
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