Blue Sky Uranium Expands Drill Plan to Advance the Ivana Uranium-Vanadium Project
Blue Sky Uranium (BKUCF) has expanded its 2025 drill program for the Ivana Uranium-Vanadium deposit, doubling the budget to US$6.0M from the initial US$3M commitment. The program includes US$4.4M for infill drilling and US$1.6M for exploration drilling.
The refined program will encompass up to 6,000 metres of reverse circulation drilling across approximately 330 drill holes, with an average depth of 18 metres. A second phase will include 2,500 metres of drilling to test new exploration targets. The company is evaluating drilling proposals and considering using two rigs simultaneously to accelerate the work plan.
The joint venture with Abatare Spain aims to advance the project towards feasibility and establish a domestic uranium supply for Argentina's nuclear energy generation.
Blue Sky Uranium (BKUCF) ha ampliato il programma di perforazione per il 2025 relativo al giacimento di uranio-vanadio Ivana, raddoppiando il budget a 6,0 milioni di dollari rispetto all'impegno iniziale di 3 milioni di dollari. Il programma prevede 4,4 milioni di dollari per perforazioni di infill e 1,6 milioni di dollari per perforazioni esplorative.
Il programma rivisto includer脿 fino a 6.000 metri di perforazioni a circolazione inversa distribuite su circa 330 fori, con una profondit脿 media di 18 metri. Una seconda fase prevede 2.500 metri di perforazioni per testare nuovi obiettivi esplorativi. La societ脿 sta valutando le proposte di perforazione e sta considerando l鈥檌mpiego simultaneo di due trivelle per accelerare il piano di lavoro.
La joint venture con Abatare Spain mira a far progredire il progetto verso la fattibilit脿 e a stabilire una fornitura nazionale di uranio per la produzione di energia nucleare in Argentina.
Blue Sky Uranium (BKUCF) ha ampliado su programa de perforaci贸n para 2025 en el dep贸sito de uranio-vanadio Ivana, duplicando el presupuesto a 6,0 millones de d贸lares desde el compromiso inicial de 3 millones de d贸lares. El programa incluye 4,4 millones de d贸lares para perforaciones de relleno y 1,6 millones de d贸lares para perforaciones exploratorias.
El programa refinado abarcar谩 hasta 6.000 metros de perforaci贸n por circulaci贸n inversa en aproximadamente 330 pozos, con una profundidad media de 18 metros. Una segunda fase incluir谩 2.500 metros de perforaci贸n para probar nuevos objetivos exploratorios. La compa帽铆a est谩 evaluando propuestas de perforaci贸n y considera usar dos equipos simult谩neamente para acelerar el plan de trabajo.
La empresa conjunta con Abatare Spain tiene como objetivo avanzar el proyecto hacia la factibilidad y establecer un suministro nacional de uranio para la generaci贸n de energ铆a nuclear en Argentina.
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Abatare Spain瓿检潣 頃╈瀾 韴瀽電� 頂勲鞝濏姼毳� 韮�雼轨劚 雼硠搿� 氚滌爠鞁滍偆瓿� 鞎勲ゴ項嫲雮橃潣 鞗愳瀽霠� 氚滌爠鞚� 鞙勴暅 甑偞 鞖半澕電� 瓿店笁鞚� 頇曤頃橂姅 瓴冹潉 氇╉憸搿� 頃╇媹雼�.
Blue Sky Uranium (BKUCF) a 茅tendu son programme de forage pour 2025 sur le gisement d鈥檜ranium-vanadium Ivana, doublant le budget 脿 6,0 millions de dollars contre un engagement initial de 3 millions de dollars. Le programme comprend 4,4 millions de dollars pour des forages de comblement et 1,6 million de dollars pour des forages d鈥檈xploration.
Le programme affin茅 couvrira jusqu鈥櫭� 6 000 m猫tres de forage en circulation inverse r茅partis sur environ 330 trous de forage, avec une profondeur moyenne de 18 m猫tres. Une seconde phase inclura 2 500 m猫tres de forage pour tester de nouvelles cibles d鈥檈xploration. La soci茅t茅 茅value les propositions de forage et envisage d鈥檜tiliser deux plateformes simultan茅ment pour acc茅l茅rer le plan de travail.
La coentreprise avec Abatare Spain vise 脿 faire progresser le projet vers la faisabilit茅 et 脿 茅tablir une fourniture nationale d鈥檜ranium pour la production d鈥櫭﹏ergie nucl茅aire en Argentine.
Blue Sky Uranium (BKUCF) hat sein Bohrprogramm f眉r 2025 am Uran-Vanadium-Lager Ivana erweitert und das Budget von urspr眉nglich 3 Mio. USD auf 6,0 Mio. USD verdoppelt. Das Programm umfasst 4,4 Mio. USD f眉r Infill-Bohrungen und 1,6 Mio. USD f眉r Explorationsbohrungen.
Das 眉berarbeitete Programm sieht bis zu 6.000 Meter Reverse-Circulation-Bohrungen 眉ber etwa 330 Bohrl枚cher mit einer durchschnittlichen Tiefe von 18 Metern vor. Eine zweite Phase umfasst 2.500 Meter Bohrungen zur Erkundung neuer Ziele. Das Unternehmen pr眉ft Bohrvorschl盲ge und erw盲gt den gleichzeitigen Einsatz von zwei Bohranlagen, um den Arbeitsplan zu beschleunigen.
Das Joint Venture mit Abatare Spain zielt darauf ab, das Projekt zur Machbarkeitsstudie voranzutreiben und eine inl盲ndische Uranversorgung f眉r Argentiniens Kernenergieproduktion zu etablieren.
- Doubled budget to US$6.0M shows strong financial commitment and confidence in the project
- Potential to become a domestic uranium supplier for Argentina's nuclear energy needs
- Accelerated work plan with possibility of using two drilling rigs simultaneously
- Additional 2,500 metres exploration program targeting new high-potential areas
- Project still requires completion of technical, legal and community requirements
- Drilling program yet to commence, subject to various approvals
- Significant capital expenditure required beyond initial commitment
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The updated programs have led to a doubling of the original budget to
Nikolaos Cacos, President & CEO of the Company stated, "It is clear that JVCO has decided to move forward with an aggressive work plan aimed at achieving technical and economic feasibility in the shortest possible time. This supports the near-term goal for Ivana: building a strong asset for our shareholders that offers
As previously reported, the next program is expected to include up to 6,000 metres of reverse circulation ("RC") drilling. The program has been refined to include approximately 330 drill holes with an estimated average depth of 18 metres as shown in . This will include聽infill drilling to support the reclassification of some inferred mineral resources to indicated mineral resources and to improve the geological modeling to allow the design of the deposit to be adjusted for mining. A second phase RC drill program of up to 2,500 metres now been planned to follow the聽infill program. This program will test at least two new high-potential exploration targets surrounding Ivana.
Drilling proposals are currently being evaluated, and the JVCO team is prioritizing the availability of equipment and the possibility of having two rigs drilling simultaneously to accelerate the work plan.
The Company expects the drill program to begin this fiscal quarter once the final technical, legal and community requirements have been completed.
In addition to planning the drill program, the JVCO technical team is continuing its process of evaluating engineering companies capable of advancing the other technical and economic aspects of the project toward feasibility. In adherence to the principles of both joint-venture participants, the winning bid will offer the highest standards of modern and sustainable mining, extensive local experience, the ability and assurance of meeting the proposed goals within the required timeline and a commitment to an appropriate budget.
Qualified Persons
The technical contents of this news release have been reviewed and approved by Mr. Ariel Testi, CPG, who works for the Company and is a Qualified Person as defined in National Instrument 43-101.
About Ivana Minerales S.A.
Ivana Minerales S.A. is the operating company for the joint-venture between Blue Sky and its partner Abatare Spain, S.L.U. ("COAM") to advance the Ivana Uranium-Vanadium deposit in Rio Negro Province of
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
_____________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and forward-looking information (collectively, the "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's planned drilling campaign at the Ivana deposit and the timing thereof and the prospective nature of the "Bajo Huenteleo" target area. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty relating to mineral resources; risks related to heavy metal and transition metal price fluctuations, particularly uranium and vanadium; risks relating to the dependence of the Company on key management personnel and outside parties; the potential impact of global pandemics; risks and uncertainties related to governmental regulation and the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, including in respect of the Company's planned drilling program described in this news release. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
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