February 1, 2018

Vancouver, BC / Globe Newswire / February 1, 2018 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), „Blue Sky“ or the „Company“) is pleased to report additional analytical results from the infill reverse circulation (RC) drilling program, including multiple high-grade uranium-mineralized intercepts near surface at the Ivana target, on its 100% owned Amarillo Grande uranium-vanadium project, in Rio Negro Province, Argentina.

Highlights of drill intercepts with significant uranium mineralization include:

  • 1,713 ppm U3O8 over 17 m starting at 7 m depth in AGI-0286,
    • Including 20,963 ppm U3O8 (equal to 2.1% or 46.1 lb U3O8 per tonne) over 1 m,
      • within 8,792 ppm U3O8 over 3 m  
  • 2,095 ppm U3O8 over 18 m starting at 4 m depth in AGI-0279,
    • Including 12,804 ppm U3O8 (equal to 1.3% or 28.2 lb U3O8 per tonne) over 1 m,
      • within 3,352 ppm U3O8 over 11 m
  • 948 ppm U3O8 over 18 m starting at 4 m depth in AGI-0293,
    • Including 7,593 ppm U3O8 (equal to 0.8% or 16.7 lb U3O8 per tonne) over 1 m
      • within 1,792 ppm U3O8 over 9 m
  • 990 ppm U3O8 over 15 m starting at 8 m depth in AGI-0257,
    • Including 4,504 ppm U3O8 (equal to 0.5% or 9.9 lb U3O8 per tonne) over 1 m
      • within 2,045 ppm U3O8 over 7 m
  • 1,107 ppm U3O8 over 14 m starting at 7 m depth in AGI-0264,
    • Including 4,500 ppm U3O8 (equal to 0.4% or 9.9 lb U3O8 per tonne) over 1 m
      • within 1,888 ppm U3O8 over 8 m

All holes were vertical and the intervals are believed to represent true thickness.

Our drilling continues to reveal high-grade uranium intercepts within poorly consolidated sediments near surface, building our understanding of the deposit and its potential,“ stated Nikolaos Cacos, Blue Sky President & CEO. „The Ivana target has the largest, highest-grade zone of uranium mineralization found at the Amarillo Grande uranium-vanadium project to date, and understanding it fully is the key to uncovering the potential of the 140-kilometre-long mineral belt controlled by Blue Sky.“

The Phase II RC program at Ivana was recently completed with a total of 4,327 metres drilled in 269 holes. This program included a 100 by 100 metre drill pattern covering the higher-grade uranium mineralized corridor which measures approximately 5,000 m in length and 200 to > 500 m in width. The infill program was designed to provide higher confidence data to complete a maiden mineral resource estimate and 43-101 Technical Report for the Ivana target.

Program Details:

The Phase II RC drill results from holes 252 through 318, which total 902 metres, are reported in Table 1 here: https://www.blueskyuranium.com/assets/news/2018-01-30-nrt-bsk-817eu9.pdf. The results from previous holes from the Phase II program were reported on October 30th, 2017 and January 15th, 2018. All hole locations are shown on Map 1 here: https://www.blueskyuranium.com/assets/news/2018-01-30-nrm1-bsk-817eu9.pdf   and grade thickness contours of all results to date are shown on Map 2 here: https://www.blueskyuranium.com/assets/news/2018-01-30-nrm2-bsk-817eu9.pdf  . Grades reported range from the lower cut-off of 30 ppm to 20,963 ppm U3O8 (AGI-0286) at depths ranging from surface to 24 metres.

The Phase I program defined a corridor of strong near-surface mineralization at the Ivana target that was later expanded through the Phase II drilling program. The higher-grade mineralized corridor with „U“ shape on the maps is approximately 5,000 metres long, between 200 and > 500 metres wide and up to 23 metres thick.

The remaining analytical results from the Phase II drill program are expected to be received in the next four weeks, and those results will be incorporated into the mineral resource estimate that is in progress.

Please read the full press release at the following link: LINK