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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose942/2/2013 8:53:33 PM
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Blue Sky Uranium (BSK-V) Argentina Exploration
www.blueskyuranium.com
23.4 million o/s
$1 million cash (as of Sept 30, 2012)

Blue Sky Uranium receives $2-million for 2013 Argentina work

Jan 28, 2013 - News Release

Areva Mines is financing a $2-million exploration program in 2013 as part of the memorandum of understanding that Blue Sky Uranium Corp. has signed with Areva to jointly explore for uranium deposits on projects in Argentina (see press release Jan. 4, 2012). Blue Sky will remain the operator of the exploration programs with technical support from Areva.

"We are very pleased to be partnered with Areva and with the exploration success we achieved together in 2012. With at least two drill programs planned in the next stage of exploration, 2013 could prove to be a very significant step forward for Blue Sky," stated Sean Hurd, president and chief executive officer. "Based on the work completed to date, the company believes that the potential exists to define a significant uranium resource on its projects in this newly discovered uranium district."

The 2013 exploration activities that have been planned and approved by the joint Blue Sky/Areva technical committee include drilling on the Sierra Colonia project in Chubut province and drilling on the Ivana project in Rio Negro province (Blue Sky has a formal agreement signed by the governor of Rio Negro to explore for energy-related minerals). Other exploration activities in Rio Negro and Chubut provinces throughout 2013 will include geophysics, auger and pit sampling, water sampling, and mapping.

Throughout 2012, Areva financed Blue Sky to conduct an extensive geological review of Blue Sky's uranium projects in the provinces of Rio Negro and Chubut. This work was conducted by Blue Sky's geological team and supported by Areva's vast global experience in uranium exploration. The exploration programs in 2012 successfully identified a number of high-priority uranium targets and resulted in the company gaining a much greater understanding of the region's geological model as it relates to uranium mineralization.

Exploration work is expected to commence shortly with drilling planned in the first quarter of 2013.

We seek Safe Harbor.

Company presentation
blueskyuranium.com

Fact sheet
blueskyuranium.com
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