TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC, April 3,
2024 /CNW/ - Blue Sky Uranium Corp. (TSXV:
BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the
"Company") is pleased to announce that the Company has filed
the NI 43-101 Technical Report (the "Report") supporting disclosure
of the independent Preliminary Economic Assessment ("PEA") for the
Ivana Deposit at the Company's 100% owned Amarillo Grande
Uranium-Vanadium Project in Rio Negro
Province, Argentina, as
reported on February 22nd
2024.
The updated PEA incorporates a new mineral resource estimate, in
which approximately 80% of the resources are now in the Indicated
category. The PEA demonstrates robust economics from a surficial
mining operation, entailing 11 years of uranium and vanadium
production.
The Report, titled "Preliminary Economic Assessment Update for
the Ivana Uranium-Vanadium Deposit, Amarillo Grande Project" with
an effective date of December 31,
2023, is available under the Company's profile on SEDAR+ at
www.sedarplus.ca and will be posted to the Company's website
www.blueskyuranium.com.
Qualified Persons
Dr. David Terry, Ph.D., P.Geo. is
a Director of the Company and a Qualified Person as defined in
National Instrument 43-101. The contents of this news release have
been reviewed and approved by Dr. Terry.
About Blue Sky Uranium
Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in
Argentina. The Company's objective
is to deliver exceptional returns to shareholders by rapidly
advancing a portfolio of surficial uranium deposits into low-cost
producers, while respecting the environment, the communities, and
the cultures in all the areas in which we work. Blue Sky has the
exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo
Grande Project was an in-house discovery of a new district that has
the potential to be both a leading domestic supplier of uranium to
the growing Argentine market and a new international market
supplier. The Company is a member of the Grosso Group, a resource
management group that has pioneered exploration in Argentina since 1993.
For additional details on the project and properties, please see
the Company's website: www.blueskyuranium.com
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO
and Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements. Readers are encouraged to refer to
the Company's public disclosure documents for a more detailed
discussion of factors that may impact expected future results. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements. We advise U.S. investors
that the SEC's mining guidelines strictly prohibit information of
this type in documents filed with the SEC. U.S. investors are
cautioned that mineral deposits on adjacent properties are not
indicative of mineral deposits on our properties.
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content:https://www.prnewswire.com/news-releases/blue-sky-uranium-files-technical-report-for-updated-preliminary-economic-assessment-at-amarillo-grande-uranium-vanadium-project-argentina-302106643.html
SOURCE Blue Sky Uranium Corp.
