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Blue Sky Uranium Corp. (TSX-V:BSK) (FSE:MAL2) (OTC:BKUCF), (“Blue Sky” or the “Company”) is pleased to report the initial metallurgical results for carnotite-mineralized material from the Ivana target area have yielded recoveries of more than 95% for uranium using alkaline leach processing.
“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.”
Arrow Step-out Drilling
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.
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for the final thirty-one holes from South Arrow as part of our recently concluded summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan.
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for 21 holes from Arrow as part of our recently concluded summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan.
In the Financial Post today there is some excellent analysis (not available online) of the decision of Kazakhstan, the Saudi Arabia of uranium production, to cut its production for the next three years.
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report radioactivity results for the final forty holes from South Arrow and Arrow as part of our now concluded summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan.
Every so often we are lucky enough to receive a bit of intelligence on a particular market or commodity.
Blue Sky Uranium Corp. (TSX-V:BSK) (FSE:MAL2) (OTC:BKUCF) (“Blue Sky” or the “Company”) is pleased to announce a non-brokered private placement financing of up to 5,500,000 units at a price of $0.19 per unit for gross proceeds of $1,045,000.