Blue Sky Expands High Grade Uranium Mineralization at the Ivana Project
(via Thenewswire.ca)
Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL (WKN A0MKXP), "Blue
Sky" or the "Company") is pleased to announce the
discovery of additional high grade mineralization on its Ivana
property located in the Rio Negro province, Argentina (press release
of October 26, 2011). The highlight from the discovery is an interval
of 1.40% U3O8 over 1.10 m including 2.74% U3O8 over 0.5 m (see
photograph at http://www.blueskyuranium.com/i/maps/calicata-37.jpg).
Remote sensing and geological mapping interpretation shows a
paleo-channel cut into the granitic basement. The mineralized pits are
located within this paleochannel in areas of very high surface
radiometric anomalies (+200 counts per second using a Georadis RS 125
scintillometer) that cover a large area of approximately 3 km2. High
grade uranium mineralization is found in the form of carnotite hosted
in unconsolidated and well sorted reddish and yellowish sands covered
by calcrete, and extends into the weathered granitic and rhyolitic
basement.
The mineralization style and geological setting at Ivana are similar
to BHP Billiton's Yeelirrie uranium deposit in Western Australia*.
Ivana, as with Yeelirrie, are both surficial uranium deposits that are
situated in a paleo-channel directly overlying granitic basement
rocks.
The highlights in the table below are from 4 hand pits excavated up to
1.8 m deep. Mineralization is open in all directions and at depth.
------------------------------------------------
|? |? |? |? |? |
|Pit |From|To |Thickness meters|% U3O8|
|----------------------------------------------|
|I CAL 11- 35|0.00|1.13|1.13 |0.20 |
|----------------------------------------------|
|I CAL 11- 36|1.10|1.82|0.72 |0.11 |
|----------------------------------------------|
|I CAL 11- 37|0.62|1.72|1.10 |1.40 |
|----------------------------------------------|
|I CAL 11- 38|0.48|1.37|0.99 |0.43 |
------------------------------------------------
Analyses of samples reported herein were performed by Alex Stewart
Assayers, in Mendoza, Argentina, an internationally recognized
analytical services provider, by means of a four acid digestion
followed by a reading with Inductively Coupled Plasma Mass
Spectrometer (ICP-OES). Blank, duplicate, and standard samples were
inserted into the sample for quality assurance/quality control
("QA/QC") purposes. Blue Sky detected no significant QA/QC
issues during review of the data.
This press release was reviewed by Normand Champigny, Qualified Person
as defined by
NI 43-101. Field work was carried out by Blue Sky's exploration team
under the supervision of Bruce A. Smith, MAusIMM, Chartered
Professional Geologist, and Qualified Person.
* World Nuclear Association web site presents a figure of resource
estimate of 52,500 tonnes contained U308 (174 million lbs.) @ 0.15%
U3O8 in the Indicated category.
About Blue Sky Uranium Corp.
Blue Sky is one of Argentina's best positioned uranium exploration
companies with more than 5,000 km2 of tenements. The Company's mission
is to deliver exceptional returns to shareholders by acquiring,
exploring and advancing a portfolio of uranium projects with an
emphasis on surficial deposits, in Argentina and other jurisdictions.
The Company recently entered into a MOU with AREVA to jointly explore
Argentina for uranium deposits. The partnership will take full
advantage of AREVA's vast global experience, Blue Sky's technical team
and the Company's well established presence throughout Argentina (see
press release of January 4, 2012 for complete details).
The Company is a member of the Grosso Group, a resource management
group with experience in South America since 1993. As a member company
of the Grosso Group, Blue Sky benefits from the signing of an
agreement in principle for a strategic alliance with the Government of
the Rio Negro province, Argentina, for the purpose of jointly
exploring the potential for commercial mining activity. Argentina has
an advanced nuclear industry, centered in the Rio Negro Province.
ON BEHALF OF THE BOARD
"Sean Hurd"
______________________________________
Mr. Sean Hurd, Chairman and CEO
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@blueskyuranium.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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