Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (29440)	11/24/2008 10:32:15 PM
From: LoneClone	Read Replies (1) \| Respond to of 193409

Shallow Uranium-Vanadium Mineralization Identified at Blue Sky?s ANIT Project In Argentina Monday, November 24, 2008 10:00 AM istockanalyst.com November 24 2008 - Blue Sky Uranium Corp. (TSX-V: BSK) (the "Company") is pleased to announce the results of chemical analyses of shallow uranium-vanadium mineralization at its ANIT project in Rio Negro Province, Argentina. Chemical analyses of individual samples ranged from 0.18 to 0.58% uranium and from 0.06 to 0.18% vanadium. At this early stage of exploration, Blue Sky interprets the ANIT anomaly to be a calcrete paleochannel type uranium occurrence similar in style to known deposits in Namibia (Langer Heinrich deposit with Measured and Indicated Resources of 56.4Mt grading 0.06% containing 72.4M lb of U3O8 and Inferred Resources of 70.7Mt grading 0.06% containing 91.6M lb of U3O81) and Western Australia (Yeelirrie deposit containing 35 Mt grading 0.15%, containing 114.6M lb of U3O82). Five pits, approximately 1.2-1.5 metres deep and 1.0-1.5 metres wide, were hand-excavated within strong uranium-channel anomalies identified by the September 2007 airborne radiometric survey flown over the property. Four pits were excavated in the western nose of the main radiometric anomaly over a strike distance of 700 metres and two were located towards the center of the anomaly, approximately 4 kilometres along strike to the east. Yellow uranium-vanadium mineralization was most-concentrated in 10-20 centimetre layers exposed on the sides of the pits and reported samples are composites of mineralized material collected from the walls of the excavated pits. In all cases uranium mineralization persisted at least to the depth of the hand-excavated pits. Chemical analyses from the two areas are reported below: Anomaly Zone Trench Uranium (%U) Vanadium (%V) Western Nose 9135 0.11 0.06 9136 0.20 0.08 9137 0.58 0.18 9138 0.50 0.15 Central Zone 9139 0.18 0.07 9140 0.18 0.11 The overall geometry and dimensions of the near surface uranium mineralization discovered on the ANIT property have yet to be established. Survey results from one kilometre-spaced flight lines define the ANIT "anomaly" to be approximately 15 kilometres in length and 1-2 kilometres in width. These initial chemical analyses confirm the presence of significant uranium-vanadium mineralization within the near-surface zone of anomaly where tested to date in just five locations. In the western nose, the analyses and pit locations define a zone of mineralization with a minimum strike length of 700 metres and a minimum width of 200 metres. The near surface mineralization varies in its style of occurrence and host mineralogy.