Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.
If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.
* Price is subject to applicable taxes.
Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.
(NewsDirect)
Blue Sky Uranium CEO Niko Cacos joined Steve Darling from Proactive to announce the exciting acquisition of two new projects in Argentina, covering nearly 80,000 hectares. These new projects are prospective for the discovery of uranium deposits that are amenable to In Situ Recovery, a method known for its lower environmental impact and cost-effectiveness. This strategic acquisition aligns with Blue Sky Uranium's initiative to broaden the company's medium to long-term prospects for discovering additional uranium mineral resources.
Cacos elaborated that the company has an option to earn a 100% interest in the Corcovo project, which benefits from new mining promotion initiatives by the provincial government. The state-owned National Atomic Energy Commission has identified significant uranium exploration potential in this area. Uranium radiometric anomalies have been detected at depth in oil and gas wells, indicating geological conditions consistent with those found in ISR uranium deposits. This suggests a promising potential for significant uranium resources that could be economically extracted using ISR methods.
The second project, known as Chihuidos, has a rich exploration history. Initially recognized by the National Atomic Energy Commission (CNEA) in the 1960s and 1970s, it was more recently explored by Cameco Corporation in a joint venture with Calypso Uranium Corporation in the early 2000s. Chihuidos is situated on a topographic high, surrounded by airborne radiometric anomalies and surface uranium occurrences, providing strong potential for a preserved uranium mineralized system at depth. This historical exploration data enhances the project's prospects, making it a valuable addition to Blue Sky Uranium's portfolio.
To advance these projects, Blue Sky Uranium has initiated the permitting process for field programs. Concurrently, the company is focused on identifying and prioritizing prospective targets for future exploration and drill testing. This involves updating and verifying the existing database for both projects, which includes publicly available borehole surveys and seismic 2D/3D surveys from historical oil and gas exploration. These comprehensive data sets will help refine exploration strategies and target the most promising areas for drilling.
Proactive North America
+1 604-688-8158
NA-editorial@proactiveinvestors.com
Copyright (c) 2024 TheNewswire - All rights reserved.