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Blue Sky Uranium: Update on discoveries in Rio Negro province, Argentina
(via Thenewswire.ca) Blue Sky Uranium Corp (TSX-V: BSK, FRA: MAL, WKN: A0MKXP, "Blue Sky" or ...
About this update from Blue Sky Uranium Corp.
[{"type":"text","content":"\nBlue Sky Uranium: Update on discoveries in Rio Negro province, Argentina\n\n(via Thenewswire.ca)\n\n \nBlue Sky Uranium Corp (TSX-V: BSK, FRA: MAL, WKN: A0MKXP, \"Blue Sky\" or the \"Company\") provides an update on the progress of its 100% owned uranium discoveries - Ivana, Anit and Santa Barbara - in the Rio Negro Province, Argentina. The work performed to date confirms a district-scale uranium discovery in an area of 150 km by 15 km (see Map: http://www.blueskyuranium.com/i/pdf/BSK_Discoveries_Rio_Negro_August_9_2011.pdf). Uranium mineralization occurs in near surface horizons in poorly consolidated sediments underlain by gypsum and calcite-rich strata, resembling to the Langer Heinrich deposit in Namibia (Measured and Indicated Resource of 149 million lbs. U3O8 at a grade of 0.055% U3O8 using a 0.025% U3O8 cut-off).1\n\n\n \nIvana\n\n\n \nAt its Ivana uranium discovery announced on February 22, 2011, a major 20-km long northwest-southeast mineralized trend has been confirmed within a 40 km by 10 km enclosed basin. A hand-excavated pit sample returned 0.068% U3O8 over 3 m in unconsolidated sediments beginning at surface and open to depth. This discovery was the result of the identification of three (3) radiometric anomalies following a 22,000 km2 airborne radiometric and magnetic survey. Work to date has comprised of ground radiometric surveys and augering (31 holes on the granted exploration licenses), prospecting and geological mapping. The Ivana discovery consists of \neight (8) licenses totaling 725 km2 in the Rio Negro province, Argentina. Four (4) licenses have been granted and four (4) are under application. Blue Sky considers the results to be very encouraging and exploration work will continue to evaluate anomalies using pit sampling and augering.\n\n\n \nAnit\n\n\n \nThe discovery area is represented by a 15-km long by up to 1.5-km wide radiometric anomaly. Sampling of 103 pits covering over an area 6 km long and 40 to 480 m wide showed for mineralization greater than 0.006% U3O8 at an average grade of 0.04% U3O8 and 0.11% V2O5 with an average thickness of 2.0 meters. Mineralized material can be significantly upgraded by inexpensive wet screening to remove coarse pebbles that contain little or no uranium mineralization producing low-mass high-grade concentrates (press release of February 7, 2011). Blue Sky's explo...