PROJECTS

SANTA BARBARA PROPERTY

Highlights

  • Surficial uranium mineralization discovered by Blue Sky
  • Mineralization related NE-SW structures affecting Late Cretaceous to Tertiary sedimentary sequences indicating probable remobilization
  • A high-chargeability IP anomaly indicates potential for near-surface sandstone-hosted uranium mineralization related to Tertiary fluvial units
  • Exploration work includes 1,672 stations of radon gas soil & ground radiometric surveys, hand-auger and sampling pits.

Location and Access

The Santa Barbara Property covers an area of over 44,700 hectares. The property represents the northernmost uranium-mineralized area identified along a NW-SE trend of airborne radiometric anomalies that continues into the Anit and Ivana properties to the south, in central Rio Negro Province. The property has year-round access through a well-maintained gravel road, and is in a semi-arid area with low rainfall and population density.

Discovery History

The Santa Barbara property was the initial uranium discovery made by Blue Sky in 2007 and provided the impetus for the Company to undertake the initial airborne radiometric survey. Uranium mineralization at Santa Barbara is directly related to three parallel airborne radiometric anomalies measuring 11 kilometres, 6.5 kilometres and 5 kilometres in length and up to 1.5 kilometres in width. Pitting in the anomalous zones located uranium mineralization at depths up to two metres. Additional field work included the 2010 detailed airborne survey, radon gas and spectrometer surveys, pit sampling, and auger and rock sampling. Several zones of flat-lying near-surface mineralization were delineated with yellow carnotite-bearing mineralization. Significant results range from 0.1 to 0.24% U3O8.

Local Geology

The main uranium mineralization recognized to date is related to NE-SW structural lineaments within Late Cretaceous sediments, with minor mineralization related to scarce outcrops of the Middle Tertiary unit, the Chinchinales formation. Carnotite coats grains in sand and gravel.

For additional details on the Santa Barbara Property, please refer to the Technical Report and filings on SEDAR.