We had the opportunity to touch base with Nikolaos Cacos President and CEO of Blue Sky Uranium (V.BSK).
Did you know that Argentina is the largest generator of electricity from nuclear energy in South America? Or that it imports all of the 500,000 pounds a year of uranium that its three nuclear reactors use? Or that Argentina has one additional nuclear reactor under construction and two in the planning stages?
Blue Sky Uranium Corp. (TSX-V:BSK) (FSE:MAL2) (OTC:BKUCF), (“Blue Sky” or the “Company”) is pleased to report additional analytical results from the infill reverse circulation (RC) drilling program, including multiple high-grade uranium-mineralized intercepts near surface at the Ivana target, on its 100% owned Amarillo Grande uranium-vanadium project, in Rio Negro Province, Argentina.
“Since my investment recommendation of November 17, 2017 at C$ 0.18, the Company’s share price gained 60%. With Argentina home to an advanced nuclear industry and Blue Sky its leader in uranium discovery having expanded the high-grade core of the Ivana target on its 100%-owned Amarillo Grande UraniumVanadium Project, and commencing a resource estimate, the Company, at a depressed market valuation of just US$ 18.0 million, remains to offer an attractive investment leverage potential. As a result, I have increased my 6 months price target to C$ 0.60.”
Blue Sky Uranium Corp. (TSX-V:BSK) (FSE:MAL2) (OTC:BKUCF), (“Blue Sky” or the “Company”) is pleased to report that additional analytical results from the Phase II reverse circulation (RC) drilling program have expanded the higher-grade uranium mineralized corridor by a further 1 kilometre at the Ivana target on its 100% owned Amarillo Grande uranium-vanadium project, in Rio Negro Province, Argentina. In addition to the lateral expansion, infill drilling results include areas of significant grade-times-thickness (i.e. 15 holes averaging 13 metres @ 522 ppm U3O8), and individual results as high as >1% (10,517 ppm) U3O8. The Company has engaged a team of independent qualified people (Bruce Davis Ph.D., F.AusIMM, of BD Resource Consulting Inc., Susan Lomas P.Geo of Lions Gate Geological Consulting Inc., and Jon Thorson, Ph.D., CPG) to complete a maiden resource estimate, and associated NI 43-101 Technical Report, for the Amarillo Grande project.