Blue Sky Uranium has marked ten new exploration properties totalling 100,000ha in the core of the 140km mineralised trend of Amarillo Grande Uranium Project in Rio Negro province, Argentina.
With the inclusion of these new properties, Blue Sky controls all of the most prospective targets in the uranium district.
It now has total land holdings of more than 280,000ha.
Blue Sky president and CEO Nikolas Cacos said: “We are thrilled to be able to make such a significant expansion to our already highly prospective land holdings at the Amarillo Grande Project.
“We are moving quickly to explore all the high-priority areas and delineate our drill targets for 2017.”
The company has also completed an initial ground geophysical survey at the Anit property of the Amarillo Grande Project. It used Electrical Tomography (ET) that defines near-surface ancient river channels and high-conductivity horizons that potentially host uranium mineralisation.
On the basis of the results, Blue Sky will initiate a 15km ET survey on the main targets of Amarillo Grande project. The programme will assist in locating refined targets for a 10,000m RC drilling programme, which would start at the beginning of next year.
The company started preliminary exploration at the site in 2007, which continued until 2012. It was a part of the Grosso group’s strategy to focus on alternative energy.
The area of the project is flat-lying, semi-arid and accessible. It also has rail, power and port access.
Blue Sky is a member of the Grosso group, a resource management group that has been into exploration in Argentina since 1993.
Image: Electrical tomography section showing interpreted paleo channels in red. Photo: courtesy of Blueskyuranium.com.