Blue Sky Uranium Prepares For Phase II Mining

TORONTO - Blue Sky Uranium reported the results of its Phase I reverse circulation drilling program at Ivana -- the first of three targets on the Amarillo Grande project planned for this year. The drill program successfully outlined a large area of elevated uranium within 20 meters of surface, measuring approximately two square kilometers. Multiple higher-grade uranium-vanadium mineralization intervals were also observed within the area.

"We are pleased to be making progress in understanding the controls on uranium-vanadium mineralization at Amarillo Grande," said Blue Sky President & CEO Nikolaos Cacos. "We look forward to the balance of results from Phase I and to commencing Phase II."

The next step in the Phase I project will be delineating the dimensions and average grades of potential mineralized corridors, as well as testing for potential extensions along the northeastern flank and other areas. With drilling at the Anit project completed, the company is moving the drill rig to the Santa Barbara target at the northwest end of the Amarillo Grande project.

Blue Sky Uranium's projects are located in Argentina's Rio Negro province. While Argentina hasn't always been the most mining-friendly country, President Mauricio Macri has made tremendous progress in opening up the country's industry to foreign investment, which could unlock significant value for smaller companies in the space -- including Blue Sky Uranium's management team who has become one of the most experienced in-country operators.