TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, Sept. 26, 2022 /CNW/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) ("Blue Sky" or the "Company") is pleased to announce that the Company is launching a comprehensive field exploration program at the Cateo Cuatro sector to refine drilling targets, and has advanced the Ivana East target to the drill-testing stage. The Ivana East target is 10km east of the Ivana deposit while Cateo Cuatro is located 32km to the southwest.  These important targets have been prioritized by the Company as part of its strategy aimed at defining additional uranium deposits within the 145km long and wholly owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina ("AGP").

As reported on November 2, 2020, these target areas were identified through Blue Sky's ongoing detailed review and reinterpretation of over 15 years of geological data and classification of compelling targets with high potential for uranium-vanadium mineralization like the Company's cornerstone Ivana deposit (see Figure 1).

Nikolaos Cacos, Blue Sky President & CEO commented, "These two targets show significant similarities to the geological environment present at our Ivana deposit, which it is advancing towards prefeasibility studies. The definition of both targets represents the results of a persistent comprehensive exploration program along the district scale Amarillo Grande Project, and their location close to the Ivana Deposit may represent a potential for the discovery of a cluster of deposits."

The Cateo Cuatro target area was initially prospected in 2013, with preliminary mapping, auger drilling, and water sampling completed at that time. The recently launched comprehensive exploration program at Cateo Cuatro will include geological mapping, auger drilling, radiometric surveying, seismic and/or IP tomography surveys and reverse circulation ("RC") drilling. The Ivana East target was also initially identified in 2012 through an airborne radiometric survey.  At that time limited, surface radiometric surveying and auger drilling were carried out and seismic and IP-tomography surveys were completed in 2021; Ivana East is ready for initial RC drill testing. Drilling at both targets will be carried out after the Cateo Cuatro field work is complete.

Detailed Target descriptions