Mining Project

Amarillo Grande

Photo 1

General Information

  • Investment Company:  BLUE SKY URANIUM CORPORATION
  • Operating Company:  MINERA CIELO AZUL S.A.
  • Source of Capital:  Canadá
  • Address:  Sobremonte 579 - (5500) - Mendoza - Provincia de Mendoza
  • Phone:  54-(0)-261 425-9567/76
Visit Website

Project Details

– Location

Rio Negro province

– Description

Uranium sandstones and superficial project covering distrital scale potentially comprising multiples deposits

– Minerals

Uranium - Vanadium

– Stage

Exploration

– Capital Cost

$128,000,000.00

– Mine Operation

Quarry tipe mining down to 30 m with no requirement of drilling, blasting and crushing (PEA)

– Processing

Physical Preconcentration and alkaline leaching (PEA)

– Average Annual Production

1.35 mm lb. U308 (PEA)

– Remaining Life

13 Years

– Resources & Reserves

22.7 million pounds of uranium and 11.5 million pounds of vanadium as Inferred resource (28 MT with 311 ppm uranium grade and 107 ppm vanadium grade)

Additional Comments

  • Amarillo Grande covers 145 km long trend of uranium mineralization (near-surface, very good grades, leachable, potentially upgradeable at low cost) Amarillo Grande has three high-priority properties: Ivana, Anit and Santa Barbara. Results from the PEA (Preliminary Economic Assessment) include: CAPEX of US$128 million, 2 years construction and 13 years of production with an average mining rate (waste + mineralized material) of 13,000 tpd, processing throughput of 6,400 tpd, also as metallurgical recoveries of 84.6% for uranium and 52.5% for vanadium. High potential to add new resources thanks to high exploration potential.

  • Current Program

  • 3,346 m RC drilling program complete at Ivana Deposit, partial results received:

  • Positive results from step-out drilling to the W/SW suggests the opportunity for expansion

  • Positive results within and at the margins of the deposit in areas of low drill density will facilitate upgrading of resources for future engineering studies

  • 2023 leach testing on bulk sample: Alkaline leach stage recovered 96% of Uranium & 35% of Vanadium

  • 4,500 m exploration drilling program underway at Ivana North & Ivana Central

  • Each target covers an area of approx. 4x7km

  • 1,591m in 40 holes completed at Ivana North

  • 2,637m in 43 holes completed in Ivana Central, with pending results

  • Continue the drilling program is being prioritized

  • New program initiated at regional targets:

  • Ivana East ––up to 1,200m RC shallow drilling program planned to test blind targets

  • Cateo Cuatro - RC drilling planned, following the Ivana East drill program