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http://www.stockwatch.com/News/Item.aspx?bid=Z-C:BSK-2481069 Blue Sky Uranium drills 6 m of 910 ppm U3O8 at Amarillo 2017-06-19 10:55 ET - News Release Dr. David Terry reports BLUE SKY REPORTS PHASE I RC DRILLING RESULTS FROM IVANA TARGET ON AMARILLO GRANDE SURFICIAL URANIUM-VANADIUM PROJECT, ARGENTINA Blue Sky Uranium Corp. has released the complete results from its phase 1 reverse circulation (RC) drilling program at Ivana, the first of three targets to be drilled in 2017 on the Amarillo Grande uranium-vanadium project in Rio Negro province in Argentina. This is the first drill program at the Ivana target, and it successfully outlined a large area of elevated uranium, within 20 metres of surface, measuring approximately two square kilometres. Within this area, multiple higher-grade uranium-vanadium-mineralized intervals were intercepted, predominantly in the west-central and east-central part of the drilled area. Delineating the dimensions and average grades of these potential mineralized corridors will be a key priority of the next phase of drilling as will testing for potential extensions, particularly along the northeastern flank of the area drill tested in phase I. A complete list of drill hole highlights from Ivana is provided below in the attached table, including: 910 parts per million triuranium octoxide over six metres in AGI-88; 626 parts per million U3O8 over six metres in AGI-05. The planned 3,000-metre reverse circulation drill program is continuing. Drilling at the Anit target has been completed, with a total of 1,170 metres in 83 holes. The drill rig is now being mobilized to the Santa Barbara target at the northwest end of the Amarillo Grande project. "We are pleased to be making progress in understanding the controls on uranium-vanadium mineralization at Amarillo Grande," stated Nikolaos Cacos, Blue Sky president and chief executive officer. "We look forward to the balance of results from phase I and to commencing phase II." Ivana drill program technical summary: The Ivana target is located at the southern end of the 140-kilometre-long trend which comprises the 250,000-hectare Amarillo Grande project. This first RC drilling program at Ivana included 1,390 metres in 98 holes. The drill hole locations and grade-times-thickness contours can be viewed on the company's website. Uranium-vanadium mineralization at Ivana is believed to be related primarily to carnotite mineralization, a secondary leachable uranium mineral. Visible carnotite has been observed in a number of the drill holes completed to date. A total of 65 per cent of the holes completed at Ivana contained at least 30 parts per million U3O8 over a minimum of one metre, with uranium values ranging from below detection (less than 0.1 part per million) up to 2,316 parts per million U3O8 (or 0.23 per cent U3O8) and vanadium values ranging from below detection (less than one part per million) up to 1,892 parts per million vanadium (V) oxide (or 0.19 per cent V2O5). A complete list of weighted-average intervals for all holes with results above 30 parts per million U3O8 over greater than one metre as well as hole location data is provided in the attached table and can be viewed on the company's website. The current drilling at Ivana tested a 3.5-kilometre-by-two-kilometre area that had been previously identified by the company through radiometric surveys, surface sampling and auger holes surveyed by radiometric probes. The RC drilling program has shown that higher-grade uranium-vanadium mineralization appears to be open to the east and that hole-to-hole continuity of mineralization is greater on the northeastern flank of the drilled area. Lithological drill hole interpretation indicates that areas of elevated uranium-vanadium mineralization correlate with sand-rich domains and that interfingered clay-dominant strata are much less likely to be mineralized. The drilling in this area of the Ivana target has allowed the company to compile stratigraphic sections of the prospective sedimentary succession above the basement, which will be of assistance in continuing exploration of the area. Based on these positive results, the exploration team is preparing a follow-up exploration program for Ivana that includes a second RC drilling campaign. Drill hole highlights from phase I drilling at Ivana are provided in the attached table. |
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| aus der Diskussion: | Blue Sky Uranium Zock des Jahres 2016/17 |
| Autor (Datum des Eintrages): | bmuesli (19.06.17 21:36:38) |
| Beitrag: | 28 von 663 (ID:55167050) |
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