Blue Sky Uranium Completes Targeted RC Drilling Program at Ivana Deposit, Amarillo Grande Project, Argentina
Terminal City Club Tower, Suite 312 - 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 – September 11, 2018
Blue Sky Uranium Completes Targeted RC Drilling Program at Ivana Deposit,
Amarillo Grande Project, Argentina
Vancouver, BC / Globe Newswire / September 11, 2018 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2;
OTC: BKUCF), "Blue Sky" or the "Company") is pleased to announce that it has carried out a 61-hole 1,029
metre reverse circulation (RC) drilling program at the Ivana Uranium-Vanadium deposit on its wholly-owned Amarillo
Grande Uranium-Vanadium project in Rio Negro, Argentina. The drilling program covered targeted areas, adjacent
to the current mineral resource, which were identified by auger drilling and radiometric probe to have strong potential
for delineation of deposit extensions. Results will be released once received and interpreted.
In addition, a team of highly experienced professionals is being assembled to carry out all aspects of a Preliminary
Economic Assessment (PEA) on the Ivana deposit. Detailed metallurgical test work on a 40 kg representative
composite sample is proceeding at the Saskatchewan Research Council ( SRC) laboratory in Saskatoon,
Saskatchewan.
About the Amarillo Grande Project
The Company's 100% owned Amarillo Grande Uranium -Vanadium Project in Rio Negro Province, Argentina is a
new uranium district controlled by Blue Sky. The Project includes several major target areas over a 145-kilometre
trend, with uranium and vanadium mineralization in loosely consolidated sandstones and conglomerates, at or near
surface. The area is flat -lying, semi-arid and accessible year -round, with nearby rail, power and port access. The
Company’s strategy includes delineating resources at multiple areas for which a central processing facility could
consolidate production. The Ivana deposit is the cornerstone of the Project and the first area to have a NI 43 -101
Inferred Resource estimate, which includes 23.9 million tonnes averaging 0.036% U 308 and 0.019% V 2O5,
containing 19.1 million pounds of U 3O8 and 10.2 million pounds of V 2O5, at a 100 ppm uranium cut-off (Thorson et
al., April 18th 2018 filed on SEDAR).
Mineralization at Amarillo Grande has characteristics of sandstone -type and surficial -type uranium -vanadium
deposits. The sandstone-type mineralization is related to a braided fluvial system and indicates the potential for a
district-size system. In the surficial-type deposits, carnotite mineralization coats loosely consolidated pebbles , and
is amenable to leaching and simple upgrading.
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.
For additional details on the project and properties, please see the Company’s website: www.blueskyuranium.com.
Qualified Person
The results of the Company's drilling program have been reviewed, verified (including sampling, analytical and test
data) and compiled by the Company's geological staff under the supervision of 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. The contents of this
news release have been reviewed and approved by Dr. Terry.
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 b y rapidly advancing a portfolio of surficial uranium deposits into low -cost
News Release September 11, 2018
Blue Sky Uranium Corp. Page 2
producers. Blue Sky has the exclusive right to over 434,000 hectares (equiv. to 1,072,437 acres) 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 both a leading domestic supplier of uranium to the growing Argentine market and a new
international market supplier. 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: [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.
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 mining 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.