Blue Sky Uranium Sets the Stage for Phase II Mining in Argentina --

Ad blocking detected

Thank you for visiting 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.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* 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.

Blue Sky Uranium Sets the Stage for Phase II Mining in Argentina --

REDONDO BEACH, CA--(Marketwired - Jun 28, 2017) -, a leading financial news and information portal offering free real-time public company filing alerts, announces the publication of an article discussing Blue Sky Uranium Inc.'s (TSX VENTURE: BSK) (OTCQB: BKUCF) recent progress in its Phase I drilling program.

Argentina may be a leading nuclear power in South America, but the country has no domestic supply of uranium to power its reactors. Fortunately, President Mauricio Macri has been liberalizing the country's mining laws in an effort to attract foreign investors. Junior mining companies already operating in the space could benefit from both of these developments and investors may want to keep a close eye on the space.

Making Progress

Blue Sky Uranium recently announced the results of its Phase I reverse circulation drilling program at Ivana -- the first of three targets on the Amarillo Grande project planned for this year. The drill program successfully outlined a large area of elevated uranium within 20 meters of surface, measuring approximately two square kilometers. Multiple higher-grade uranium-vanadium mineralization intervals were also observed within the area.

"We are pleased to be making progress in understanding the controls on uranium-vanadium mineralization at Amarillo Grande," said Blue Sky President & CEO Nikolaos Cacos. "We look forward to the balance of results from Phase I and to commencing Phase II."

The next step in the Phase I project will be delineating the dimensions and average grades of potential mineralized corridors, as well as testing for potential extensions along the northeastern flank and other areas. With drilling at the Anit project completed, the company is moving the drill rig to the Santa Barbara target at the northwest end of the Amarillo Grande project.

Favorable Environment

Blue Sky Uranium's projects are located in Argentina's Rio Negro province. While Argentina hasn't always been the most mining-friendly country, President Mauricio Macri has made tremendous progress in opening up the country's industry to foreign investment, which could unlock significant value for smaller companies in the space -- including Blue Sky Uranium's management team who has become one of the most experienced in-country operators.

In June, Argentina's national government and the governors of 20 provinces signed a mining deal to harmonize taxes and regulations in an effort to attract more investors. The country had fallen behind Chile and Peru in attracting mining investment despite its rich asset base, but the relatively new center-right government aims to change those dynamics. Macri also eliminated export taxes on metals and lifted a prohibition on companies sending profits overseas.

These reforms could draw more larger companies into Argentina's mining industry, which could help boost junior miners operating in the space. After all, many junior miners seek out mining majors as commercialization partners willing to shoulder the large capital expenditures in exchange for a majority stake in the claim. These deals often create significant long-term value for all parties and could provide a catalyst for juniors in the space.

With the country's existing nuclear reactors, there's existing demand for uranium as a fuel source, but no domestic supply. This creates a unique opportunity for a uranium mining company to step in with a 'guaranteed' first customer. The liberalization of mining laws should also help expedite and derisk development of such mines.

Please follow the link to read the full article:

For more information, visit the company's website or investor presentation.


Founded in 2004, provides free real-time filing alerts to over 600,000 registered members and offers services to help public companies grow their audience of interested investors.


Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit:
Paul Archie
[email protected]

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).