Vancouver, BC / Marketwired / May 9, 2018 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), "Blue Sky" or the "Company") is pleased to report it has engaged Chuck Edwards P.Eng. as a technical advisor to assist the Company in planning and managing beneficiation (upgrading) and metallurgical studies and process design for the Ivana Uranium-Vanadium deposit and the Amarillo Grande project. The Ivana deposit is the cornerstone of the Company's 100% owned, district-scale Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina. On April 18th 2018 the Company filed the NI 43-101 first resource estimate technical report for the project (Thorson et al., filed on SEDAR) and is proceeding to complete a preliminary economic assessment by the end of the year.
Chuck Edwards P.Eng. has been a Professional Engineer for 51 years, with experience in Research and Development, operations, government service, consulting and engineering management. He is now Principal with Extractive Metallurgy Consulting in Saskatoon, Saskatchewan. Chuck specializes in uranium processing for both alkaline and acid leach plants. He was involved in the engineering design of all the current uranium facilities in Saskatchewan's Athabasca Basin, and has worked on uranium projects on five continents. He has additional experience in gold, silver, nickel, copper, potash, oil sands and other projects in Canada and overseas. Recently Chuck was a Process Engineering Advisor at the Saskatchewan Research Council. He was Director of Metallurgy at Amec Foster Wheeler from 2008-2017, Principal Metallurgist at Cameco Corporation from 1994-2008, Regional Coordinator for Mineral Development Agreements for Energy, Mines and Resources Canada from 1992-1994, Senior Metallurgist/Process Engineer with Kilborn Western Ltd. 1987-1992, Chief Metallurgist at Eldor Mines, Rabbit Lake 1986-1987 among other positions.
Chuck has been a Technical Consultant to the International Atomic Energy Agency (IAEA), Vienna, Austria since 1999 and served as President of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) in 2011-2012. Chuck was awarded the AIME gold medal for Extractive Metallurgy Technology in 1987, the CMP Best Presentation Award in 1997 and 2007, CMP Mineral Processor of the Year in 2001, CIM Distinguished Lecturer in 2003, CIM Fellowship in 2004, CIM Life Member in 2011, and CIM Distinguished Service Medal in 2013.
"We are thrilled to have someone of Chuck Edwards' caliber join the Blue Sky team and apply his vast experience and specialized skills to advancing the metallurgical and engineering aspects of the Amarillo Grande project and Ivana uranium-vanadium deposit" stated Nikolaos Cacos, Blue Sky President & CEO.
About the Amarillo Grande Project
This new uranium district controlled by Blue Sky includes several major target areas over a 145-kilometre trend, with uranium and vanadium mineralization in loosely consolidated sandstones and conglomerates, at or near surface. The area is flat-lying, semi-arid and accessible year-round, with nearby rail, power and port access. The Company's strategy includes delineating resources at multiple areas for which a central processing facility could be evaluated. The Ivana area is the first to have a NI 43-101 Inferred Resource estimate, which includes 23.9 million tonnes averaging 0.036% U308 and 0.019% V2O5, containing 19.1 million pounds of U3O8 and 10.2 million pounds of V2O5, at a 100 ppm uranium cut-off (Thorson et al., April 18th 2018 filed on SEDAR).
Mineralization at Amarillo Grande has characteristics of sandstone-type and surficial-type uranium-vanadium deposits. The sandstone-type mineralization is related to a braided fluvial system and indicates the potential for a district-size system. In the surficial-type deposits, carnotite mineralization coats loosely consolidated pebbles, and is amenable to leaching and simple upgrading.
The near-surface mineralization, ability to locally upgrade, amenability to leaching and central processing possibility suggest a potentially low-cost development scenario for a future deposit.
For additional details on the project and properties, please see the Company's website: www.blueskyuranium.com
The results of the Company's drilling program have been reviewed, verified (including sampling, analytical and test data) and compiled by the Company's geological staff under the supervision of David Terry, Ph.D., P.Geo. Dr. Terry is a Director of the Company and a Qualified Person as defined in National Instrument 43-101. The contents of this news release have been reviewed and approved by Dr. Terry.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers. Blue Sky holds has the exclusive right to over 434,000 hectares (equiv. to 1,072,437 acres) of property in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
Nikolaos Cacos, President, CEO and Director
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This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.