Uranium Investing

Blue Sky Uranium Gears Up for Amarillo Project PFS, CEO Says

Uranium Investing

“The market is indicating that it's the right time to accelerate the project into this process,” said Blue Sky Uranium Vice President of Exploration and Development Guillermo Pensado.

Blue Sky Uranium (TSXV:BSK,OTCQB:BKUCF,FWB:MAL2) announced a positive preliminary economic assessment (PEA) for the Ivana uranium-vanadium deposit at the Amarillo Grande project in Rio Negro, Argentina.

Guillermo Pensado, the company’s vice president of exploration and development, said Blue Sky is determined to advance the project to the prefeasibility (PFS) stage.

“By now we have 148 holes. But if you see the amount of meters with it, they represent 11,000. Because the average depth is only 15 meters. From the operational costs, it's very easy to move forward into that day," he said.

“The market is indicating that it's the right time to accelerate the project into this process. Because the market is going up and we need a PFS that probably may take one year because it's a very straightforward project. And after that (is) a decision point. If you go into production that could be another two years. So we find that this is the right moment to accelerate that process," Pensado continued.

The project’s PEA shows improved economics, with approximately 80 percent of the resources now in the indicated category. It also demonstrates robust economics from a surficial mining operation, entailing 11 years of uranium and vanadium production.

Watch the full interview with Blue Sky Uranium Vice President of Exploration and Development Guillermo Pensado above.

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