VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jun 19, 2017) – Blue Sky Uranium Corp. (TSX VENTURE:BSK)(OTCQB:BKUCF)(FRANKFURT:MAL2) (“Blue Sky” or the “Company”) is pleased to report complete results from the 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, Argentina.
This is the first drill program at the Ivana target, and it successfully outlined a large area of elevated uranium, within twenty metres of surface, measuring approximately two kilometres square. 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 as shown on Figure 1. 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 Table 1, including:
910 ppm U3O8 over 6.0m in AGI-88
626 ppm U3O8 over 6.0m 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 & CEO. “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 drillhole locations and grade x thickness contours are shown on Figure 1 and can be viewed here 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. Sixty-five percent of the holes completed at Ivana contained at least 30ppm U3O8 over a minimum of 1.0 metre, with uranium values ranging from below detection (

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