Vancouver, BC / Marketwired / July 11, 2016 / Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN: A0MKXP), "Blue Sky" or the "Company") is pleased to announce that it has engaged Mr. Guillermo Pensado as a Technical Consultant to the Company, and is proceeding with a new exploration campaign that seeks to advance and integrate several of Blue Sky's significant uranium discoveries identified in previous exploration programs.
Mr. Pensado's renewed approach will focus on the Anit, Ivana and Santa Barbara projects, which are located in the same geologic environment along a 120 kilometre corridor in the province of Rio Negro, Argentina. The projects are known to host near-surface uranium mineralization and are open for expansion. The three projects are considered to be part of the same larger geologic system, therefore the new objective is to integrate the three projects into a combined exploration project, to delineate resources that could support a single combined low-cost surficial mining operation. The potential cash-flow from an operation of this type would provide the base to expand our exploration program on the several hundred thousand hectares of property that the Company currently holds.
"We are very excited to have attracted a high caliber individual in Mr. Pensado to help us define a new direction that capitalizes on the excellent assets we have while working within the current market conditions," commented Blue Sky President and CEO Nikolaos Cacos.
The US$500,000, six month work program has been developed as a first stage of the strategy, including:
- Updating of the environmental permits to permit exploration work
- Standardization of the geologic database for the projects
- 25 kilometer IP Survey
- Exploration pit sampling
- Metallurgical scoping studies
Mr. Pensado has extensive experience in uranium exploration, having held positions of Vice President of Exploration, Exploration Manager and Exploration Geologist for junior and senior mining companies as well as the Brazilian geological survey. Mr. Pensado holds a B.Sc. in Geology from the University of La Plata, Argentina, and M.Sc. in Mineral Exploration from Queen's University, Canada. He was awarded the David Money Medal Award from Queen's University for the Top MinEx Student in the International Program.
Additional information on the projects can be found on the Company's website, www.blueskyuranium.com .
About Blue Sky Uranium Corp.
Blue Sky is one of Argentina's best positioned uranium exploration companies with more than 5,000 km2 of tenements. The Company's mission is to acquire, explore and advance a portfolio of uranium projects with an emphasis on surficial deposits, in Argentina and other jurisdictions. The Company is a member of the Grosso Group, a resource management group with experience in South America since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
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Nikolaos Cacos, President, CEO and Director
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@blueskyuranium.com
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. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. 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 Company undertakes no obligation to publicly update or revise any forward-looking statements.