Blue Sky Continues Drill Program at the Anit target, Amarillo Grande Uranium-Vanadium Project, Argentina
Terminal City Club Tower, Suite 411 - 837 West Hastings Street TSX Venture Exchange: BSK
Vancouver, BC CANADA V6C 3N6 Frankfurt Stock Exchange: MAL2
Tel: 604-687-1828 • Fax: 604-687-1858 • Toll Free: 1-800-901-0058 OTCQB Venture Market (OTC): BKUCF
www.blueskyuranium.com • [email protected]
NEWS RELEASE – May 2, 2017
Blue Sky Continues Drill Program at the Anit target, Amarillo Grande
Uranium-Vanadium Project, Argentina
Vancouver, BC / Marketwired / May 2 , 2017 / Blue Sky Uranium Corp. (TSX -V: BSK, F SE: MAL 2; OTC:
BKUCF), "Blue Sky" or the "Company") is pleased to report that following unforeseen field delays, the 3,000
metre reverse-circulation drilling program at the Amarillo Grande uranium project has recommenced. The
program is now drilling the second target area, “ Anit”, where it will include 75 short holes, up to 20 met res in
depth, for a total of approximately 1,000 met res. The purpose of the program in this area is to confirm and
extend the previously identified mineralized zone along the 15 kilometre long radiometric anomaly that is related
to superficial mineralization within outcropping ancient river channels.
“The Anit area has returned some of our best results in the past and we look forward to improving our prospects
for resources with this drill program ,” commented Nikolaos Cacos, Blue Sky President & CEO. “ The drill
program has now re-started following an unusually heavy and prolonged rain event , and newly upgraded drill
equipment should improve progress for the remainder of the program.”
About the Anit Target
The Anit target comprises 12 min ing properties covering 24,000 hectares. In 2007, a 2,385 square kilometre
airborne geophysical surveying program detected a significant, +15 kilometre long, radiometric anomaly in this
area. This anomaly was interpreted as related to uranium -vanadium mineralization within outcropping ancient
river sediments. An intensive exploration program followed, including radon gas and ground radiometric surveys,
123 hang-dug pits, 310 excavator-dug pits, 1,403 metres of trenching and 5,044 metres of air-core drilling in 204
drill holes. This work delineated a main mineralization zone contained in two elongated bodies along a six
kilometre corridor, from surface down to six metres depth and 40 to 480 metres wide, surrounded by a lower-
grade uranium halo. Within the West and Central zones at Anit, 103 excavator pits with >50 ppm uranium over
one metre had a weighted average grade of 0.04% U 3O8 and 0.10% V2O5 over an average thickness of 1.97
metres1.
The uranium mineralization is related to carnotite, a uranium vanadate mineral. Preliminary metallurgical
testwork done on samples from Anit indicates that the carnotite mineralization can be concentrated by wet
screening, and it is amenable to leaching.
Program Details
The current RC drilling program at Ani t has been designed to increase the confidence level and sample density
in select portions of the mineralized zone with fences of holes and to test for extensions to depth in areas where
previous sampling was carried out by depth -limited excavator pits. In addition, the program will explore adjacent
stacked paleochannels interpreted from the recently completed electrical survey (see News Releases dated on
November 23, 2016 & January 12, 2017). The drill program at the Anit target will include 75 holes of RC -drilling
to be conducted by a FlexiRoc D65 rig from Atlas Copco, adapted for fine -mineralization control with a triple
cyclone for better recovery of fines , and an automatic splitter. The depth range of the planned holes is estimated
to be 10-20 metres . (A map of the proposed drill locations can be viewed here:
https://www.blueskyuranium.com/assets/img/maps/2017-ENE-Anit-Proposed-RC-Program.jpg ) Two to three
kilogram samples are collected for each metre, one for laboratory analysis and the other to be retained as a
control sample. Each sample is weighed and measured using a hand portable scintil lometer. A rigorous Quality
Assurance – Quality Control (“QAQC”) program comprises duplicate samples, blanks and standards. Every hole
will also be surveyed with a radiometric probe recently calibrated under the supervision of a Senior
Geophysicists with experience in resource estimation at uranium deposits.
News Release May 2, 2017
Blue Sky Uranium Corp. Page 2
1See NI-43-101 Technical Report dated on May 18, 2012 on the Company’s website.
About the Amarillo Grande Project
This new uranium district was first identified, staked and underwent preliminary exploration by Blue Sky from
2007 to 2012 as part of the Grosso Group’s strategy of adding alternative energy focus to its successful portfolio
of metals exploration companies. The clo se proximity of several major targets suggest that if resources are
delineated a central processing facility would be envisioned. The area is flat -lying, semi-arid and accessible year
round, with nearby rail, power and port access.
Mineralization identifi ed to date represents a Surficial Uranium style of deposit, where carnotite mineralization
coats loosely consolidated pebbles of sandstone and conglomerates. Carnotite is amenable to leaching, and
early metallurgical work indicates that the mineralized mat erial can be upgraded using a very simple wet
screening method. The near-surface mineralization, ability to locally upgrade, amenability to leaching and central
processing possibility suggest a potentially low-cost development scenario for a future deposit.
Rio Negro is host to several facilities related to the nuclear industry. Furthermore, the Provincial government is
amenable to mining as a means of socio -economic development. In addition, the Federal government has
expressed support for building domest ic resources of uranium. In particular, the Argentina Atomic Energy
National Commission (CNEA) published its Strategic Plan 2015 -2025, which includes a strategic objective "To
ensure the supply of domestic uranium for nuclear power plants in operation, und er construction and planned."
For additional details on the project and properties, please see the Company’s
website: www.blueskyuranium.com
Qualified Person
The contents of this news release have been reviewed and approved by David Terry, Ph.D., P.Geo. Dr. Terry is
a Director of the Company and a Qualified Person as defined in National Instrument 43 -101.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver
exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low -cost
producers. Blue Sky holds has the exclusive right to over 428,000 hectares of property in two provinces in
Argentina. The Company’s flagship Amarillo Grande Project was an in -house discovery of a new district that has
the potential to be among the first domestic suppliers of uranium to the growing Argentine market. The Company
is a member of the G rosso Group, a resource management group that has pioneered exploration in Argentina
since 1993.
ON BEHALF OF THE BOARD
“Nikolaos Cacos”
______________________________________
Nikolaos Cacos, President, CEO and Director
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exc hange) accepts
responsibility for the adequacy or accuracy of this release.
News Release May 2, 2017
Blue Sky Uranium Corp. Page 3
This news release may contain forward -looking statements including but not limited to comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Fo rward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in
such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may
impact expected future results. The Company undertakes no obligation to publicly update or revise any forward -looking statements. We advise U.S.
investors that the SEC's mini ng guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that
mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.