Blue Sky Uranium Reports Positive Final Infill Drilling Results as It Advances Towards Prefeasibility-Feasibility Studies at Ivana Deposit, Amarillo Grande Project, Argentina
Blue Sky Uranium Reports Positive Final Infill
Drilling Results as It Advances Towards
Prefeasibility-Feasibility Studies at Ivana
Deposit, Amarillo Grande Project, Argentina
Vancouver, British Columbia--(Newsfile Corp. - January 12, 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 report the complete results of the infill drilling program at the
Ivana Deposit (as announced on
June 16, 2025
), Amarillo Grande Project in Rio Negro Province,
Argentina.
Completing the infill drill program was a key step identified in the recent Gap Analysis for
moving the project forward towards prefeasibility (see Press Release
November 26, 2025
).
Nikolaos Cacos, Blue Sky President & CEO, commented, "
The infill drilling program represents an
important technical milestone for Ivana and it was completed on time for us to maintain the schedule
established in our recent Gap Analysis. By tightening drill spacing in mineralized areas, the program
provides increased geological confidence and valuable data to support ongoing and future technical
studies."
The program included 328 holes totaling 4,959 metres of reverse circulation ("
RC
") drilling, with holes
averaging 15 metres in depth (
Figure 1
). The objectives of the program were: 1. To confirm the continuity
of the mineralization within the deposit; 2. To refine mineralization/deposit limits; and 3. To support
upgrading the classification of some of the current inferred resources in a future mineral resource
estimate update. To date, a total of 1,166 drill holes comprising 15,828 metres of RC drilling have been
completed at the Ivana Deposit.
Table 1
presents the collar coordinates and collar data for the 328 holes, as well as selected intervals of
uranium mineralization with at least 1m ≥30ppm U
3
O
8
. Assays results indicate that approximately 15%
of the holes (51 holes) intercepted at least 1m @ 0.1% or 1,000ppm U
3
O
8
; with values up to 1m @ 0.7%
or 7,000ppm U
3
O
8
(in hole AGI-884). The program also includes drilling in an area of the deposit not
previously tested due to access, including zones proximal to where the high-grade intervals were
returned (see light blue outline on Figure 1). These results confirm the continuity of the high-grade
horizons previously defined for the deposit in this area.
Highlight results for the entire infill program includes*:
4m averaging 4,368ppm U
3
O
8
in AGI-884, starting at 9m depth, including:
1m @ 7,003ppm U
3
O
8 ,
and 1m @ 6,237ppm U
3
O
8
2m averaging 4,433ppm U
3
O
8
at AGI-873, starting at 9m depth, including:
1m @ 5,918ppm U
3
O
8,
and 1m @ 2,947ppm U
3
O
8
3m averaging 2,923ppm U
3
O
8
at AGI-880, starting at 11m depth, including:
1m @ 5,671ppm U
3
O
8,
and 1m @ 2,069ppm U
3
O
8
1m averaging 4,162ppm U
3
O
8
at AGI-883, starting at 10m depth
3m averaging 3,109ppm U
3
O
8
at AGI-1157, starting at 9m depth
2m averaging 3,065ppm U
3
O
8
at AGI-957, starting at 10m depth
*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.
All the lab results were received and audited by external advisors Lions Gate Geological Consulting Inc.
to verify the statistical correlation between previous results versus the current program to confirm that the
quality of information reported herein maintained the standard good practices and are verifiable. The
audit concluded that: "no significant differences exists between results generated by the various drilling
campaigns and that the combined dataset is of sufficient quality and reliability to support future mineral
resource estimations."
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 recently optioned 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:
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/279983