Blue Sky Drills 547 ppm U3O8 Over 6 Metres at Amarillo Grande Surficial Uranium Project, Argentina - Seite 2

Program Details

The preliminary drilling phase at the Ivana target area is now complete and included 97 holes totaling 1,390 metres with an average hole depth of 14 metres. Complete results have been received from the first 31 of the 97 holes completed at the Ivana target; of these, 21 holes intersected near-surface zones of mineralization exceeding 30 ppm U₃O₈ over a minimum of 1.0 metre. Highlights of the exploratory drilling results to date are provided in Table 1 below. All results reported herein are from vertical holes drilled at 100-200 metre intervals along two northeast oriented lines spaced at 600 metres apart. A map of the drill hole locations is available here: https://blueskyuranium.com/assets/img/news/6-2017MAR24-IVANA-DRILLING-Press.jpg. These holes outline a broad area of near-surface uranium (>30 ppm U₃O₈ over a minimum of 1.0 metre) measuring approximately 1,800 metres by 600 metres. Within this area, a higher-grade northwest oriented corridor is interpreted to have been intersected by holes AGI-04, -05, -25 and -27, and a second potentially by AGI-25 and -27 at the eastern margin of the drill grid. A full geologic interpretation will be completed once results from the remaining 66 holes in the Ivana target are received.

Table 1: Highlights of Ivana RC drilling results from AGI-01to AGI-31

Drill Hole #	From (m)	To (m)	Interval* (m)	U3O8 ppm	V2O5 ppm
AGI-04	1.0	4.0	3.0	245	395
AGI-05	0.0	6.0	6.0	547	716
AGI-14	16.0	18.0	2.0	152	563
AGI-16	0.0	3.0	3.0	370	251
AGI-21	4.0	7.0	3.0	184	321
AGI-25	3.0	5.0	2.0	321	387
AGI-27	0.0	3.0	3.0	743	600

*insufficient drilling has been completed to determine whether the reported widths represent true thickness