Blue Sky Uranium Corp. has recently announced the acquisition of two new projects totaling nearly 80,000 hectares in the Neuquén Basin of Argentina, for potential uranium discovery using In Situ Recovery (ISR) methods. This strategic move aims to enhance the company’s prospects for discovering additional uranium mineral resources in the medium to long term.
The first project, known as the Corcovo project, covers approximately 20,000 hectares within the Mendoza province and is supported by new mining promotion initiatives from the provincial government. The project is situated in an area previously identified by the National Atomic Energy Commission (CNEA) for its uranium exploration potential, with radiometric anomalies detected at depth in oil and gas wells.
The second project, the Chihuidos Project, consists of nearly 60,000 hectares within the Neuquén basin and has been explored in the past by companies like Cameco Corp. in joint venture with Calypso Uranium Corp. This project is located in a region surrounded by radiometric anomalies and surface uranium occurrences, offering potential for the discovery of uranium mineralized systems at depth.
Blue Sky is currently working on permitting for field programs at these new projects and is updating databases to prioritize exploration targets for future drill testing. The company aims to expand its project pipeline in response to the growing support for the uranium market, with a focus on ISR-amenable uranium deposits for low-cost, low-impact production.
With these new acquisitions, Blue Sky solidifies its position as a key player in uranium exploration in Argentina, controlling over 480,000 hectares across multiple provinces in the country. The company’s flagship project, the Amarillo Grande Project, boasts Argentina’s largest mineral resource estimate for uranium with a significant vanadium credit and a positive preliminary economic assessment.
