Blue Sky Expands Exploration Program at Amarillo Grande Uranium Project, Argentina

Vancouver, BC / TNW-Accesswire / November 7, 2016 / Blue Sky Uranium (TSXV:BSK; OTC Grey:BKUCF) is pleased to report that it has expanded the aggressive planned exploration program at its 100% owned Amarillo Grande Uranium Project (“the Project”) in Rio Negro Province, Argentina. The program is the next phase in the Company’s mission to advance the Project into a low-cost surficial uranium mining operation in order to be the first domestic supplier of uranium to the growing Argentine nuclear industry.
The Amarillo Grande Project currently includes over 187,000 hectares of mineral rights along a 140-kilometre long trend of mineralization in a new uranium district. The Ivana, Anit and Santa Barbara properties, each a part of the Amarillo Grande Project, all host secondary near-surface uranium mineralization, open to expansion, and the potential for discovery of primary sandstone-hosted uranium mineralization at depth. This phase of work will include up to 10,000 metres of reverse circulation (RC) drilling, designed to identify and delineate mineral resources.
“We believe that a domestic source of uranium with a low-cost production model has the opportunity to supply Argentina’s growing nuclear industry at highly competitive pricing compared to imported material.Our Amarillo Grande project with its near-surface mineralization, access to infrastructure, and supportive federal and provincial policies, is an excellent candidate to fulfill that model, and we have expanded our exploration program in order to take advantage of the current opportunity window,” stated Blue Sky President and CEO Nikolaos Cacos.
Read the full press release.
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