Blue Sky 2008 Argentina Exploration Program Underway
Blue Sky Uranium Corp. (BSK-TSX.V) is pleased to announce the
commencement of its 2008 exploration programs on the ANIT and Santa
Barbara uranium discoveries in Rio Negro Province, Argentina. The
field programs will focus on the exploration of several large, very
strong radiometric anomalies. Abundant uranium-bearing petrified wood and visible yellow uranium mineralization characterize the surfaces of all claims. No systematic exploration has ever been conducted on
either project.
The ANIT discovery contains a mineralized trend that extends for over 15 km in length and varies up to 2 km in width. The strength of the radiometric anomaly at ANIT closely resembles that of the Cerro Solo deposit in neighboring Chubut Province that contains approximately 10 million pounds U3O8. The footprint of the anomaly at ANIT is an order of magnitude larger than that of Cerro Solo. The Santa Barbara project contains three parallel zones of uranium mineralization, 11 km, 6.5 km and 5 km in length respectively and up to 1.5 km in width.
Both the ANIT and Santa Barbara projects are in a "sandstone-hosted" environment, similar to the important Grants Uranium District in New Mexico, where more than 340 million pounds of uranium have been produced. Except for in and around a few known deposits, exploration for uranium in Argentina has been very limited until recently and these two discoveries in Rio Negro Province may represent the discovery of a new uranium district. Blue Sky and its partners, Argentina Uranium Corp., are the first to do any systematic modern exploration in Rio
Negro. These two discoveries indicate the effectiveness of Blue Sky's grassroots exploration strategy in this region.
The exploration program will include overburden augur sampling to a
depth of 3 to 5 metres, radon gas analyses, ground geophysics, geologic mapping, surface chip sampling from trenches and the chemical analyses of augured and trench samples. The exploration program is expected to be completed in May 2008 and results from the program will be released on an ongoing basis as they become available.
The ANIT project contains a strong 15km long radiometric anomaly that varies up to 2 km in width. Numerous surface discoveries of
disseminated uranium mineralization and uranium-bearing petrified wood were made along road cuts across the ANIT airborne radioactive anomaly in a November 2007 investigation. Blue Sky is earning a 75% interest in the ANIT project from Argentina Uranium Corp. (see press release dated January 11, 2008).
In 2007 surface sampling on the Santa Barbara project confirmed the
presence of uranium mineralization with values of up to 1.3% U3O8.
Three northeast trending zones of uranium mineralization, each
approximately 11 km, 6.5 km and 5 km in length and varying up to 1 km in width, were identified in the airborne survey and remain to be evaluated. Blue Sky is earning a 75% interest in the Santa Barbara project from Argentina Uranium Corp. (see press release dated May 9, 2007).
The exploration program is designed to determine the size and
continuity of the radiometric anomalies and, through detailed rock and soil sampling, typical uranium grades. Uranium mineralization appears to be confined to Lower Cretaceous age tuffaceous sandstones and conglomerates in paleochannels. The topography is flat lying with limited outcrop. The exploration model focuses on continental fluvial systems developed in an intra-cratonic basin that filled with continental pyroclastic, continental, channel-fill sediments carrying petrified wood, vegetative matter and bitumen in the gravels. These sediments provided the reducing environment to precipitate and concentrate soluble uranium that was weathering from uraniferous Jurassic felsic sediments to the southwest. Some additional structural and/or stratigraphic controls may be operational in the Santa Barbara discovery.
Blue Sky is a uranium exploration company led by experienced management and technical teams. Blue Sky is actively exploring in the Patagonia region of Argentina, in Colombia and in the Athabasca area of Northern Saskatchewan. Blue Sky is a member of the Grosso Group, a resource
management group with over 15 years experience in exploring South
America
ON BEHALF OF THE BOARD
"Sean Hurd"
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