Blue Sky Uranium provided an update on the progress of the 3,000m reverse circulation drilling program at the Amarillo Grande uranium project, in Rio Negro Province, Argentina.
Drilling has finished at the Ivana target area, with 94 holes totaling 1,276 metres completed. The crew is now moving to the Anit area, approximately 50 kilometres to the northwest along the 140-kilometre long uranium trend that comprises the Amarillo Grande Project. Drill results for the completed drilling are pending and expect to be announced soon.
This new uranium district was first identified and underwent preliminary exploration by the Company from 2007 to 2012. The close proximity of several major targets and the near surface mineralization suggest that if resources are delineated, a central processing facility would be envisioned.
"We are excited to be active in the Province of Rio Negro where a thriving nuclear converter industry exists since the 1970s, but no uranium production," stated Nikolaos Cacos, President and CEO. "Blue Sky's 420,000 hectares of property situated in two distinct regions has the potential to become the first domestic source of uranium for Argentina. The current program at Amarillo Grande is testing the mineralization occurrence at surface, and, depending on results, would be expanded to test at depth."