Exploring Argentina

Blue Sky is focusing its uranium exploration efforts on southern Argentina. The Company believes that the region is underexplored, with excellent potential for near-surface uranium resources with rapid low-cost development potential. The Company’s Amarillo Grande Uranium-Vanadium Project in Rio Negro includes a new district-scale uranium discovery and is home to the country’s largest NI 43-101 resource estimate for uranium.

The Argentine Federal Government has made public its support for the development of a domestic uranium supply to support the plans for expanding the nuclear energy capacity of the country, providing an excellent potential first customer for any new operation. The World Nuclear Association reports that:

Argentina has three nuclear reactors generating about one-tenth of its electricity.
Its first commercial nuclear power reactor began operating in 1974.
The construction of two additional reactors is planned.
Construction has started on a small locally-designed power reactor prototype.
Nuclear Energy requirements are expected to increase by 2.5 times by 2025…translating to a potential for 1.25 million pounds of U₃O₈ annually
All uranium is for the nuclear industry is currently sourced from outside the country

Blue Sky’s uranium projects were selected with the assistance of Dr. Jorge Berizzo for their potential to host economic uranium deposits. Dr. Berizzo has extensive experience in uranium exploration and production obtained as a senior exploration geologist, and later as mine manager, for the Argentinean National Atomic Energy Commission ("CNEA"), as well as privately owned companies. Dr. Berizzo also played a leading role in the discovery of the Cerro Solo uranium deposit in Chubut province, Argentina.

Rio Negro Province

In the province of Rio Negro, there is broad support and experience with the nuclear energy industry. The province has a research nuclear reactor and a heavy water fuel plant, and provides incentives to the mining industry for uranium.

The emphasis of the Company's exploration is at the district-scale Amarillo Grande Uranium-Vanadium Project. In 2018 Blue Sky reported the largest NI 43-101 uranium resource in the country as its first mineral resource estimate for the Ivana deposit of the Amarillo Grande Project. The Company is continuing exploration throughout the very large project area to increase resources and evaluate the economic potential.

Chubut Province

Situated directly south of Rio Negro, Chubut hosts advanced uranium deposits, however none are currently in production and the provincial government has enacted restrictions against open-pit mining. The Company’s projects in this area, Sierra Colonia, Tierras Coloradas, and Cerro Parva are located in similar geologic environments to CNEA’s Cerro Solo uranium deposit. CNEA is developing feasibility studies for the planned mining of Cerro Solo starting in 2018. ( source: World Nuclear Association Jul 2016).

PROJECTS