Blue Sky Launches Drilling Program at Ivana Gateway Target, Amarillo Grande Uranium- Vanadium Project, Argentina
Blue Sky Launches Drilling Program at Ivana
Gateway Target, Amarillo Grande Uranium-
Vanadium Project, Argentina
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2) (OTCQB: BKUCF), "Blue Sky" or the "Company")
is pleased to
announce that the Company has launched a 1,200-metre diamond drilling program at the Ivana Gateway
target (formerly Ivana Gap), located 4700 metres northwest of the Ivana deposit, within the Amarillo
Grande Uranium-Vanadium district, Río Negro Province, Argentina ("
AGP
").
In
October 2025
, the Company completed a 5 km pole-dipole ET geophysical survey at Ivana Gateway,
which delineated a 1.4 km-wide chargeability anomaly interpreted as the extension of the redox front
system present at Ivana.
The aim of the current program is to test for mineralization and/or geochemical
vectors related to a northern extension to the Ivana uranium deposit.
The program will drill a fence of
holes spanning 4300 metres, testing the interpreted redox front. Contractor AGV Falcon Drilling is
executing the program and all holes are being drilled using HQ-diameter core. The drilling program was
initiated in late October and 11 holes have been completed to date out of 19 planned (see
Figure 1
).
Drill core logging and sampling is ongoing, and analytical results will be released once received and
interpreted.
Nikolaos Cacos, Blue Sky President & CEO commented,
"We are pleased to be drilling a new priority
target on Blue Sky's 100% held concessions close to the Ivana deposit. We continue to refine and test
our exploration model for the Amarillo Grande project, which we believe has the potential to host
multiple deposits similar to Ivana."
The Ivana Gateway target is located on concessions held by Blue Sky via its 100% owned subsidiary,
Minera Cielo Azul S.A. ("
MCA
").
This drilling program is funded by Ivana Minerales S.A. ("
IMSA
") the
joint venture company ("
JVCO
") established to advance the Ivana Uranium-Vanadium Project. Under the
terms of the definitive agreement announced on December 2, 2024 IMSA has the exclusive right and
option ("
Call Option
") to acquire up to a 100% interest in certain exploration targets ("
Exploration
Targets
") at Amarillo Grande. To exercise this right, IMSA must incur certain funding obligations over
the six-year term of the Call Option, pay the relevant option price pursuant to the formula set out in the
Call Option, and grant to MCA a 2% royalty on all Exploration Targets acquired under the Call Option.
Qualified Persons
The technical contents of this news release have been reviewed and approved by Mr. Ariel Testi, CPG,
who works for the Company and is a Qualified Person as defined in National Instrument 43-101.
About Ivana Minerales S.A.
Ivana Minerales S.A. is the operating company for the joint-venture between Blue Sky and its partner
Abatare Spain, S.L.U. ("
COAM
") to advance the Ivana Uranium-Vanadium deposit in Rio Negro
Province of Argentina. The activities of JVCO are subject to the earn-in transaction (the "
Agreement
") in
which COAM will fund cumulative expenditures of US$35 million to acquire a 49.9% indirect equity
interest in the Ivana deposit, and then has the further right to earn up to an 80% equity interest in JVCO
by completion of a feasibility study and funding the costs and expenditures up to US$160,000,000 to
develop and construct the project to commercial production, subject to the terms and conditions in the
Agreement. JVCO also has a Call Option to acquire a 100% interest in all or part of certain exploration
targets owned by Blue Sky's 100% held subsidiary, subject to certain conditions. For additional details,
please refer to the News Release dated February 27, 2025, as well as the Company's latest Financial
Statements & MD&A available at
blueskyuranium.com
.
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 uranium deposits into low-
cost producers, while respecting the environment, the communities, and the cultures in all the areas in
which we work. Blue Sky's flagship Amarillo Grande Project was an in-house discovery of a new district
that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market
and a new international market supplier. The Company's recently optioned Corcovo project has
demonstrated potential to host an in-situ recovery uranium deposit. The Company is a member of the
Grosso 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:
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.
This news release may contain forward-looking statements and forward-looking information
(collectively, the "forward-looking statements") within the meaning of applicable securities laws.
Forward-looking statements address future events and conditions and therefore involve inherent risks
and uncertainties. Any statements that are contained in this press release that are not statements of
historical fact may be deemed to be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends"
"expects" and similar expressions which are intended to identify forward-looking statements. More
particularly and without limitation, this press release contains forward-looking statements that, other
than statements of historical fact, address activities, events or developments the Company believes,
expects or anticipates will or may occur in the future, including, without limitation, statements about the
Company's planned drilling campaigns, its objectives and the potential mineral content of its projects.
Forward-looking statements are not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty therein.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the
actual results of the Company to differ materially from those discussed in the forward-looking
statements and, even if such actual results are realized or substantially realized, there can be no
assurance that they will have the expected consequences to, or effects on, the Company. Factors that
could cause actual results or events to differ materially from current expectations include, among
other things: uncertainty relating to mineral resources; risks related to heavy metal and transition
metal price fluctuations, particularly uranium and vanadium; risks relating to the dependence of the
Company on key management personnel and outside parties; the potential impact of global
pandemics; risks and uncertainties related to governmental regulation and the ability to obtain,
amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in
connection with mining activities; and the possibility that future exploration, development or mining
results will not be consistent with the Company's expectations, including in respect of the Company's
planned exploration program described in this news release. 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 forward-looking statements contained in this press release are made as of the date
of this press release, and the Company does not undertake any obligation to update publicly or to
revise any of the included forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by securities law.
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