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Re: News Release - Wednesday, June 16, 2010 Title: Blue Sky's Drilling Returns 10 Meters of 0.036% U3O8 and Discovers Stacked Paleochannels -------------------------------------------------------------------------------- Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) is pleased to announce further results from aircore drilling on its ANIT uranium-vanadium project in Rio Negro Province, Argentina. In the thickest intercept drilled to date, hole AN-85 averaged 10 meters at 0.036% U3O8 and 0.045% V2O5, including 6 meters at 0.056% U3O8 and 0.047% V2O5. Overall at ANIT of 97 drill holes completed, 81 encountered mineralization above cut-off grade with weighted average of intervals from the mineralized holes of 2.6 meters thickness at 0.03% U3O8 and 0.075% V2O5. In addition, evidence of stacked mineralized intervals up to 29 meters below surface were detected at ANIT Central. "Blue Sky is only at the very beginning of its exploration efforts at the ANIT project and within the region. We are pleased that at such an early stage the initial results compare very favorably to known paleochannel deposits in Namibia and Western Australia. To date the Company has only received results from 5.2 km within a 15 km radiometric anomaly and there are over a dozen radon gas targets that have yet to be tested within the project. Our objectives are to rapidly advance the ANIT project and to evaluate the significant regional potential within the district." Said Mr. Sean Hurd, President & C.E.O. Click here for ANIT presentation Table 1 - Comparison chart for known paleochannel deposits Project & Location Grade U3O8 Rock Type Thickness Length (approx.) Width (approx.) Resource ANIT (Argentina) 0.03 % Sand and gravel1 2.6 meters average 5.5 km tested to date unknown unknown *Trekkopje and Klien Trekkopje (Namibia) 0.013 % Mostly Hard Rock2 80% less than 15 meters below surface 14 km 3 km 139.2 M lbs. (inferred) Langer Heinrich (Namibia) 0.06 % Mostly Hard Rock3 1 to 30 meters 15 km 50 to 1,100 meters 160 M lbs (inferred) Lake Maitland (Western Australia) 0.033 % Sand and gravel4 1.7 meters average 5 km 200 to 2,000 meters 23.7 M lbs (inferred) * AREVA purchased "Trekkopje and Klein Trekkopje" by paying USD $2.5 Billion to acquire Uramin Inc. The project is expected to be in production in 2010, with full production in 2011.Trekkopje grades 0.013 % U3O8 and is hosted in mostly hard rock where 80% requires drilling and blasting. In contrast, Blue Sky's "ANIT" is hosted in sand and gravel and grades 0.03 %. Drilling is continuing at ANIT since a recent break after drill hole AN-97 to modify the drill cyclone and switch to larger diameter (HQ) drill rods to optimize recovery of fine sample material and sample size. The results reported to date are not from the modified drill rig. A further 2,500m is planned to test the ANIT East target, additional regional targets at the ANIT licenses defined by anomalous radon gas and surface uranium geochemistry and further sites within the ANIT West and Central areas. Where the drill-defined mineralized interval is within 6m of surface, additional excavator sample pits are being completed to augment drill data. To date at ANIT all uranium vanadium mineralization discovered is hosted within un-consolidated to loosely consolidated sand, gravels, gypsum and clay sediments, predominantly occurring within 6m of the surface. If the project is advanced to the mining stage, drilling and blasting will likely not be required and ore crushing will be minimal. Further it is probable through simple sieving or washing the uranium mineralization can be significantly upgraded. Blue Sky plans to commence preliminary metallurgical testing over the next few months. ANIT Aircore Drilling Drilling to date has been within or adjacent to the ANIT West and Central areas covering 5.2km of strike length of the 15km long airborne U channel anomaly at ANIT. Blue Sky has completed 97 drill holes in 2,463 meters of a planned 5,000 meter drilling program. Assay results from 1,244 meters in 51 holes of the program were released by the Company on May 18th 2010. Assays for the remaining 46 holes (1,219m) have been received and are the subject of this press release. Of 46 new holes reported 40 holes intersected mineralization above cut-off grade*. Highlights include hole AN-85 that intersected 10m averaging 0.036% U3O8 and 0.045% V2O5, including 6 meters at 0.056% U3O8 and 0.047% V2O5 . Of the 40 mineralized holes reported, 5 holes encountered a second mineralized layer between 7 and 29 meters depth with average thickness of 1.4 meters at 0.012% U3O8 and 0.063% V2O5 (see table 2). Further deep drilling is planned to define the economic potential of these stacked horizons. Overall at ANIT of 97 drill holes completed, 81 encountered mineralization above cut-off grade with weighted average of intervals from the mineralized holes of 2.6 meters thickness at 0.030% U3O8 and 0.075% V2O5. Table 1. Results of drilling holes AN-53 to AN-97 Hole_id From To Interval U (ppm) V (ppm) U3O8 % V2O5 % AN-53 0 3 3 105 366 0.012 0.065 AN-54 0 2 2 427 435 0.050 0.078 AN-55 1 3 2 88 156 0.010 0.028 AN-60 2 3 1 104 499 0.012 0.089 AN-61 0 2 2 91 578 0.011 0.103 AN-62 0 1 1 174 264 0.020 0.047 AN-63 0 2 2 215 305 0.025 0.054 AN-64 0 2 2 157 195 0.018 0.035 AN-65 0 3 3 203 343 0.024 0.061 AN-66 0 2 2 219 257 0.026 0.046 AN-67 0 2 2 159 182 0.019 0.032 AN-68 0 3 3 550 301 0.065 0.054 AN-69 0 3 3 147 224 0.017 0.040 AN-70 0 5 5 184 232 0.022 0.041 AN-71 0 2 2 228 282 0.027 0.050 AN-72 0 3 3 147 408 0.017 0.073 AN-73 0 3 3 184 416 0.022 0.074 AN-74 0 1 1 84 164 0.010 0.029 AN-75 0 5 5 281 262 0.033 0.047 AN-76 0 3 3 130 159 0.015 0.028 AN-77 0 5 5 195 309 0.023 0.055 AN-78 0 2 2 141 336 0.017 0.060 AN-79 0 2 2 75 254 0.009 0.045 AN-80 0 2 2 1153 644 0.136 0.115 AN-81 0 2 2 182 341 0.021 0.061 AN-82 0 3 3 173 184 0.020 0.033 AN-83 0 5 5 113 170 0.013 0.030 AN-84 0 6 6 206 252 0.024 0.045 AN-85 0 10 10 305 250 0.036 0.045 AN-86 5 7 2 185 250 0.022 0.045 AN-87 4 7 3 186 146 0.022 0.026 AN-88 5 6 1 160 343 0.019 0.061 AN-90 0 2 2 75 222 0.009 0.040 AN-91 1 2 1 66 193 0.008 0.034 AN-91 4 7 3 140 206 0.017 0.037 AN-92 2 3 1 53 244 0.006 0.044 AN-93 0 2 2 98 352 0.011 0.063 AN-94 3 4 1 72 390 0.008 0.070 AN-95 3 4 1 100 451 0.012 0.081 AN-97 0 1 1 51 170 0.006 0.030 (*1m at 0.006% U3O8 cutoff). Click here for a map showing all drill hole locations Table 2. Drill holes with stacked mineralized horizons. Hole I.D From To Interval (m) U (ppm) V (ppm) U3O8 % V2O5 % AN-59A 20 21 1 172 752 0.020 0.134 AN-66 27 29 2 80 174 0.009 0.031 AN-68 9 11 2 116 342 0.014 0.061 AN-75 8 9 1 56 549 0.007 0.098 AN-90 6 7 1 111 134 0.013 0.0239 Analyses of samples reported herein were performed by Alex Stewart Assayers, in Mendoza, Argentina, an internationally recognized analytical services provider, by means of Inductively Coupled Plasma Mass Spectrometry following a four acid digestion (ICP-AR). Blank, duplicate, and standard samples were inserted into the sample sequence sent to the lab for quality assurance/quality control (QA/QC) purposes. In total, 181 quality control samples (15 % of 1219 total) were analyzed. Blue Sky detected no significant QA/QC issues during review of the data. Note that 10,000 ppm = 1% and 1% = 1.1792% U3O8, 1% = 1.785% V2O5. The technical information contained in this release has been prepared by Bruce Smith, AusIMM, Blue Sky Uranium Exploration Manager and a Qualified Person as defined by National Instrument 43-101 About Blue Sky Uranium Corp. Blue Sky, through its membership with Grosso Group Management, has signed an agreement in principle for a strategic alliance with the Government of Rio Negro for the purpose of jointly exploring the potential for commercial mining activity to develop mining projects that provide for the acquisition, exploration and exploitation of polymetallic and energy related mineral deposits. The Company is dedicated to actively exploring the Patagonia region of Argentina. Experienced management and technical members, who foster relationships with a vast amount of international industry contacts, lead the exploration team on the search for quality resource opportunities. Blue Sky is a member of the Grosso Group, a resource management group with over 15 years experience in exploring South America. ON BEHALF OF THE BOARD "Sean Hurd" Mr. Sean Hurd, President & CEO |
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| aus der Diskussion: | Blue Sky Uranium: Fakten und News |
| Autor (Datum des Eintrages): | hoschmi (17.06.10 10:58:18) |
| Beitrag: | 83 von 101 (ID:39696483) |
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