Blue Sky Confirms Uranium Discovery Potential at its ISR Corcovo Project, Argentina

Core Insights - Blue Sky Uranium Corp. has announced promising results from the initial technical review of the Corcovo Uranium Project in Mendoza Province, Argentina, indicating significant potential for in situ recovery (ISR) of uranium [1][2] Project Overview - The Corcovo Project spans 20,000 hectares and is located at the northeastern margin of the oil and gas-producing Neuquén Basin, with geological potential for uranium ISR deposits initially identified by the National Atomic Energy Commission (CNEA) [2] - The project was optioned in 2024 as part of a strategic initiative to enhance the company's long-term uranium resource discovery prospects [2] Technical Review Highlights - The geological team reviewed data from 89 historical oil and gas wells, identifying radiometric anomalies at four stacked horizons, with significant sections up to 10 meters thick along a trend exceeding 10 kilometers [1][3] - The Centenario Formation Core is the primary target, showing radiometric anomalies between 1 and 10 meters thick, with values reaching up to 261 ppm Ueq (0.03 U3O8eq) [3][4] - Estimated porosity values in the target area range from 22% to 30%, indicating favorable conditions for ISR production methodologies [4][5] Deposit Model Comparison - The Corcovo Project's deposit model is compared to the Inkai uranium project in Kazakhstan, which is recognized as a leading ISR mining project, showcasing similar roll-front uranium mineralization characteristics [6] Planned Activities - The company plans to conduct further data acquisition, including a 3D-2D seismic survey and analysis of approximately 200 historical drill holes, to refine the understanding of subsurface geological structures [7] - Additional activities include obtaining water samples from active oil wells and drill cuttings from historic holes to validate gamma-ray data and perform geochemical testing [7] Drill Hole Data Summary - A summary of significant drill holes indicates various uranium equivalent values across different horizons, with notable results from the Centenario Core and Rayoso Channel [8][9]