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Blue Sky Uranium Corp V.BSK

Alternate Symbol(s):  BKUCF

Blue Sky Uranium Corp. is a uranium and vanadium exploration company. The Company controls more than 480,000 hectares with the potential for uranium resources in Rio Negro, Chubut, Neuquen, and Mendoza provinces. Its projects include the Amarillo Grande Project, the Sierra Colonia Project, the Tierras Coloradas Project, Cerro Parva Project, Corcovo Project, and Chihuidos Project. The Company's flagship Amarillo Grande Project is located in central Rio Negro province, in the Patagonia region of southern Argentina. The Corcovo Project is comprised of two adjacent exploration properties totaling approximately 20,000 ha at the northeastern edge of the Neuquen basin. The Chihuidos project is comprised of six exploration property units totaling almost 60,000 hectares located 60 kilometers (km) west of Anelo city. The Sierra Colonia project includes 100% ownership of more than 28,470 hectares in the central-eastern part of Chubut Province.


TSXV:BSK - Post by User

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Post by Birpind1on Jan 20, 2011 1:13pm
622 Views
Post# 18002551

results

results
Blue Sky Reports Results from ANIT Uranium - Vanadium Project and Expands Regional Exploration Program
Blue Sky Reports Results from ANIT Uranium - Vanadium Project and Expands Regional Exploration Program

Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) is pleased to announce that it has completed and sampled a total of 310 excavator pits of up to 6m depth at its ANIT uranium - vanadium project in Rio Negro Province, Argentina. The new data confirms the presence of a channel shaped mineralized zone more than 6 km long with a higher-grade and thicker central core. Overall the mineralized pits (103 pits with greater than 50ppm over 1m) average 0.04%U3O8 * (337 ppm Uranium) and 594 ppm Vanadium.

Exploration consisting of auger sampling, ground radiometric surveys and detailed geological mapping is now underway at the Company's Santa Barbara project, located 50 km northwest of ANIT. In the ANIT area, field teams are currently prospecting airborne anomalies close to the known ANIT mineralization. As well, results from preliminary metallurgical test work at ANIT are currently being evaluated and will be published shortly.

Also in Rio Negro, Blue Sky's technical team has identified a new 6km by 6km enclosed basin that appears highly prospective for uranium exploration. This new area is in addition to the application for 8 new licenses announced on October 4, 2010, and is a result of ongoing review of data from the 22,000 square kilometer airborne survey completed in 2010 by the Company. In the coming months, exploration is expected to begin on these regional targets within the Rio Negro Basin as the required permits are issued.

Management is very excited about the regional potential demonstrated by these new targets and is working to expedite the granting of these concessions. The region has a very low population density, averages 200 meters in elevation, receives approximately 300 mm of rainfall per year (12 inches), is road accessible, topographically flat and permits year round exploration.

Pit Sampling

Blue Sky completed and sampled the 310 pits reported on herein with a CAT 320 L Excavator along north-south lines spaced 400m apart, generally at 40m spacing at ANIT Central and 200m by 40m at ANIT West. The pits extend over the ANIT West and Central Zones that were previously sampled by hand-dug pits, excavator trenches and aircore drillholes (See News Releases September 29, July 7 and June 16, 2010). The Company believes the excavator pit sampling technique collects a more representative sample from the poorly consolidated to unconsolidated host to the ANIT mineralization than the previous sample collection methods. Within the mineralized zone outlined to date by the current excavator pit program at ANIT West and Central, including only pits with mineralization greater than 50 ppm Uranium over 1m, the average thickness of the mineralized layer is 1.97 meters with a weighted average grade of 0.04% * U3O8(337 ppm Uranium) and 594 ppm Vanadium.

Highlights from the excavator pit program are presented in the following Table. A complete tabulation of the results and sample locations are available in the Company's ANIT property section on its web site at

www.blueskyuranium.com/i/pdf/BSK_Pit_Sampling_Jan2011.pdf

www.blueskyuranium.com/i/maps/ANIT_CENTRAL_TOTALES_CALICATAS.jpg www.blueskyuranium.com/i/maps/ANIT_WEST_TOTALES_CALICATAS.jpg

-----------------------------------------------------------------|PIT_ID |FROM |TO |THICKNESS|Uranium|Vanadium||---------------------------------------------------------------|| |(meters)|(meters)|(meters) |(ppm) |(ppm) ||---------------------------------------------------------------||CAN_172-16 |0.0 |3.5 |3.5 |783 |683 ||---------------------------------------------------------------||CAN_185-17 |0.0 |2.5 |2.5 |1341 |1514 ||---------------------------------------------------------------||CAN_189-18 |0.5 |3.0 |2.5 |922 |1598 ||---------------------------------------------------------------||An-CT-L-20-103-130|1.0 |4.5 |3.5 |649 |767 ||---------------------------------------------------------------||CAN-174-190 |0.0 |3.5 |3.5 |911 |741 ||---------------------------------------------------------------||CAN-168-199 |0.0 |5.5 |5.5 |1024 |312 ||---------------------------------------------------------------||CAN-85-202 |0.0 |6.0 |6.0 |581 |308 ||---------------------------------------------------------------||An-CT-L-60-73-233 |0.0 |6.0 |6.0 |579 |328 ||---------------------------------------------------------------||An-CT-L-18-104-297|0.0 |3.5 |3.5 |747 |779 ||---------------------------------------------------------------||An-CT-L-18-102-298|0.0 |3.5 |3.5 |517 |730 |-----------------------------------------------------------------  

The uranium-vanadium mineralization sampled in the excavator pits is present from surface up to 6 meters depth, but it is generally more concentrated in the upper 3m. 6 meters is the maximum depth of an excavator pit, and it should be noted that previously the company has reported limited mineralization in aircore drilling below 6 meters. The mineralized paleo-channel, as defined to date, is approximately 6km long and split into two main zones (ANIT West and Central). The mineralized paleo-channel varies in width from 40 to 480 meters.

In the excavator pits vertical channel samples were collected over 0.50m intervals down 3 walls of each pit and combined into one sample of approximately 5kg, representing a vertical thickness of 0.5 meters. The north wall of each pit was mapped to facilitate correlation of individual units between pits. Uranium mineralization, in the form of carnotite, at ANIT is hosted in unconsolidated materials with higher concentrations noted in gravels containing petrified wood and sand layers. Soil, gray and green clays and sand/clays with gypsum are also mineralized with carnotite.

QC/QA Program

The Company followed industry standard procedures for the work carried out on the ANIT Project. Blanks, duplicates and standard samples were inserted into the sample sequence sent to the lab for quality assurance/quality control (QA/QC) purposes. In total, 187 quality control samples (8.9 % of all the 2103 samples) were analyzed. Blue Sky detected no significant QA/QC issues during review of the data. Analyses of the samples were performed by Alex Stewart Assayers, in Mendoza, Argentina, an internationally recognized assay service provider by four acid digestion and reading by ICP-OES. The technical information contained in this release has been prepared by Bruce Smith begin_of_the_skype_highlightingend_of_the_skype_highlighting, AUSIMM, Blue Sky Uranium Exploration Manager and a Qualified Person as defined in National Instrument 43-101.

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