PROJECTS

CERRO PARVA PROJECT

Location and Access

The Cerro Parva project includes 100% ownership interest in eleven mining properties covering 67,817 hectares in the central part of Chubut Province. It is road accessible year round from major centres such as Trelew. The property is at low elevation, with low relief, in an area of semi-arid climate.

The property is situated 40 km east of Argentina's National Commission of Atomic Energy ("CNEA") Cerro Solo uranium deposit.

In 2014 CNEA reported an estimate of 4599 tonnes of Uranium as Reasonable Assured Conventional Resources (RAR) and 3,762 tonne of Uranium as Inferred Conventional Resources for < 130USD/kg U.

(Source: Uranium 2014: Resources, Production and Demand ) by the Organisation for Economic Co-Operation and Development Nuclear Energy Agency (OECD) and the International Atomic Energy Agency (IAEA) © OECD 2014 NEA No. 7209.)

Note: Investors are cautioned that resources for Cerro Solo are not reported in compliance with NI 43-101. Furthermore, the Company Qualified Person has not been able to verify the resources reported for Cerro Solo. There is no assurance that a mineral deposit of similar magnitude to Cerro Solo will be found at Sierra Colonia.

Property Geology

The Cerro Parva stratigraphy is represented by a core of early Mesozoic and older basement formations that are unconformably overlain by a widespread succession of Cretaceous age continental clastic sediments that cover most of the project area. Those sediments are subdivided into a number of formations, all belonging to the Chubut Group. The sequence continues with transgressive marine sediments of Late Cretaceous to Early Tertiary age lying unconformably over the Chubut Group. Late Tertiary continental sediments cover the entire sequence.

Uranium mineralization in the district is related to a fluvial system of the Los Adobes formation which is interpreted as being situated approximately 100 metres below surface. The fluvial system at Los Adobes formation is interpreted as having an east-west direction; therefore the Cerro Parva project is located just above the main uranium corridor.

BSK exploration efforts to date have included a prospecting program, ground radiometric surveying and mapping.