Blue Sky Uranium Reports Detailed Modelling of Higher-Grade Domain Demonstrating Continuity in the Core Zone of the Ivana Deposit, Amarillo Grande Project, Argentina
Blue Sky Uranium Reports Detailed Modelling
of Higher-Grade Domain Demonstrating
Continuity in the Core Zone of the Ivana
Deposit, Amarillo Grande Project, Argentina
Vancouver, British Columbia--(Newsfile Corp. - February 17, 2026) -
Blue Sky Uranium Corp. (TSXV:
BSK) (FSE: MAL2) (OTCQB: BKUCF) ("Blue Sky" or the "Company")
and Ivana Minerales S.A.
("
IMSA
"), the operating company for the joint-venture between Blue Sky and a subsidiary of Corporacion
America Group, ("
COAM
") are pleased to provide details on the new area of higher-grade uranium
mineralization within and immediately adjacent to the core of the Ivana Uranium Deposit at the Amarillo
Grande Project in Rio Negro Province, Argentina. This modelling was based on drilling data previously
partially reported for the 2025 infill and expansion drill program (see
January 12, 2026
news release).
The new modelling focusses on an area in the southern core and flank of the Ivana deposit that was not
adequately drill tested prior to the 2025 program due to access limitations. The newly-modelled higher-
grade domain has a 505 metre by 132 metre footprint and ranges from 1 and 17metres thick. A total of
27 holes were drilled in the area (see Figure 1). Approximately 66% of this domain was included in the
block model from the 2024 mineral resource estimate and 34% is outside of it.
Nikolaos Cacos, Blue Sky President & CEO commented, "
Modelling of this higher-grade area within
and adjacent to the core of the Ivana uranium/vanadium deposit gives us the opportunity to potentially
add significant incremental pounds of uranium in future resource estimations. Importantly, this area is
an extension of the core zone of the deposit, which our 2024 Preliminary Economic Assessment
indicated would be the starting area for potential mining. This expansion of the core zone may
therefore also impact potential economics of the Ivana deposit during a future prefeasibility
assessment".
Figure 1. Ivana Deposit Grade-Thickness Model with Drill Holes Contributing to New Higher
Grade Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12078/283925_0d921dbd64be3ac2_001full.jpg
Geological modeling, illustrated in the cross section shown in Figure 2, demonstrates the continuity of
the core zone mineralization (ending with drill hole AGI-296 in the section) into this newly accessed area
(starting with drill hole AGI-296 in the section). The 3D visualization in Figure 3 highlights the spatial
relationship between the previously defined PEA 2024 core lower zone wireframe and the newly
modelled higher-grade within and adjacent to it.
Figure 2. Section A-A' Demonstrating New Higher Grade Drill Results at Ivana Deposit
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12078/283925_0d921dbd64be3ac2_002full.jpg
Figure 3. Oblique 3-d Section Demonstrating New Higher Grade Area at Ivana Deposit
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12078/283925_0d921dbd64be3ac2_003full.jpg
The holes and intercepts considered for this assessment are presented in Table 1 below.
Selected
intercepts for all of these holes were previously reported in the January 12, 2026 news release; the
intercepts reported in Table 1 below have been selected in most cases using a lower cutoff and in most
cases, therefore, are longer than the ones reported in the January 12, 2026 news release. The
completion of an updated geological model for the entire deposit incorporating the results of the recent
infill drill program will be a next key step for moving the project forward towards a new resource
estimation and prefeasibility-level studies.
Table 1. Drill Holes and Intervals Considered for Assessment of Higher Grade Zone
HOLE_ID
Easting
(m)
Northing
(m)
End of Hole
(m)
From
(m)
To
(m)
Interval
(m)
U
3
O
8
(ppm)
V
(ppm)
AGI-1157
3486986
5524414
92.46
5
18
13
943
191
AGI-1159
3486852
5524457
92.48
4
17
13
922
76
AGI-1160
3486784
5524471
92.71
5
18
13
787
143
AGI-1163
3486803
5524541
92.54
4
19
15
754
97
AGI-1125
3486600
5524600
92.48
4
18
14
541
75
AGI-1161
3486717
5524494
92.47
6
21
15
504
95
AGI-1162
3486735
5524561
92.57
6
19
13
501
87
AGI-1124
3486532
5524619
92.57
4
13
9
404
107
AGI-1118
3486653
5524513
92.47
5
18
13
394
98
AGI-1164
3486871
5524522
92.51
4
21
17
359
120
AGI-1158
3486919
5524435
92.49
5
16
11
318
109
AGI-1127
3486620
5524668
92.77
10
19
9
288
45
AGI-1150
3486554
5524676
92.68
9
19
10
287
76
AGI-1126
3486642
5524613
92.55
5
18
13
257
59
AGI-1152
3486635
5524442
92.52
7
18
11
236
71
AGI-1156
3486969
5524348
92.51
4
8
4
164
221
AGI-1119
3486582
5524531
92.48
4
14
10
162
83
AGI-1151
3486486
5524700
92.63
9
12
3
148
55
AGI-1117
3486699
5524425
92.42
6
14
8
119
65
AGI-1122
3486395
5524660
92.76
5
12
7
87
130
AGI-1155
3486905
5524360
92.61
3
6
3
61
161
AGI-1153
3486766
5524405
92.63
5
6
1
61
74
AGI-1154
3486834
5524390
92.67
6
8
2
59
84
AGI-1115
3486492
5524482
92.75
4
6
2
49
109
AGI-1114
3486424
5524502
92.86
5
6
1
48
257
AGI-1116
3486564
5524462
92.67
4
8
4
47
87
AGI-1128
3486552
5524687
92.72
4
8
4
36
110
Note: All holes were vertical, and the reported intervals are believed to represent true thickness.
Methodology and QA/QC
The drilling program was carried out by Patagonia Drilling using a FlexiROC D65 drill rig from Atlas
Copco, an ore-control track-mounted rig adapted to reverse circulation with triple cyclone to reduce the
dust loss during sampling and automatic sampling.
Samples were collected every metre and sent to ALS in Mendoza, Argentina for preparation by drying,
crushing to 70% <2mm, riffle splitter 250g and pulverize to 85% <75 µm. Pulps were sent to ALS in
Lima, Peru for analysis of multi-elements ultra-trace method combining four acid digestion with
Inductively Coupled Plasma ("ICP") instrumentation. Digestion is performed on 0.25g of sample to
quantitatively dissolve most geological materials. Analytical analysis is performed with combinations of
ICP-AES (Atomic Emission Spectrometry) & ICP-MS (Mass Spectrometry). Approximately every 10th
sample, blank, duplicate, or standard samples were inserted into the sample sequence for quality
assurance/quality control ("QA/QC") purposes, summing 579 QAQC samples included at entire program
(10.5%). The internal assessment of the QA/QC data for the infill program determined that the analytical
results reported herein are within standard industry limits.
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. 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 Corcovo project has potential to host an in-situ
recovery ("
ISR
") 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:
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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, the opportunity to
potentially add significant incremental pounds of uranium in future resource estimations, expansion of
the core zone may therefore also impact potential economics of the Ivana deposit during a future
prefeasibility assessment, 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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