We had the opportunity to touch base with Nikolaos Cacos President and CEO of Blue Sky Uranium (V.BSK).
At the end of February, Blue Sky put out a PEA on its Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina. As part of that PEA on site processing of the material was costed. What the company plans to build is a uranium and vanadium recovery operation which will be supplied by the resource outlined in the PEA. However, Blue Sky is not stopping there.
Today Blue Sky issued a press release discussing its plans to explore three high priority target areas. One of these target areas is immediately to the West of the Ivana deposit, however, the other two target areas are 25 kilometers to the north of the Ivana deposit. Cacos is quoted in the release as saying, “Following on the heels of our successful PEA for the Ivana deposit, we are continuing exploration with confidence in the potential for discovery of additional deposits that will build value. Our team has made considerable advancements in exploration targeting and all of our results to date confirm significant uranium and vanadium anomalies to the west and north of the Ivana deposit, with additional prospects along the 145km-long exploration trend covered by the Amarillo Grande Project.”
In our brief conversation, Cacos was very optimistic about the coming program. “We have developed a really good understanding of the geology in the region,” said Cacos. “We know the pathfinders.”
The deposits Blue Sky is looking for tend to be very close to surface and the company can use augurs and reverse circulation drilling to quickly explore prospective targets. The company also has the advantage of access to unanalysed core drilled by a former Joint Venture partner. Although Cacos points out, “They drilled with six kilometer spacing. There is a chance they simply missed a deposit.”
We’re looking forward to a steady news flow as Blue Sky continues to explore what it believes may be a district scale uranium and vanadium resource.