Blue Sky Uranium Corp. defines Wide Intervals of High Grade Uranium - Vanadium Mineralization in Trenching at ANIT by 24hgold

Mots clés associés : Uranium |

Re: News Releases - Tuesday, March 23, 2010
Title: Blue Sky defines Wide Intervals of High Grade Uranium - Vanadium Mineralization in Trenching at ANIT

Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) is pleased to announce results from a 1,223 meter mechanized trenching program on its ANIT project in Rio Negro Province, Argentina. Highlights include an interval that averaged 358 meters at 0.052% U₃O₈ and 0.159% V₂O₅ including 30 meters at 0.397% U₃O₈ and 1.469% V₂O₅. The weighted average of mineralized intervals from all three trenches was 847 meters grading 0.043% U₃O₈ and 0.104% V₂O₅. This trenching program is the first mechanized exploration program that has been conducted on the ANIT property.

At this early stage of exploration, Blue Sky interprets the ANIT anomaly to be a paleochannel- or surficial- type uranium occurrence similar in style to known deposits in Western Australia (Lake Maitland NI43-101 compliant inferred resource of 23.7 million lbs U₃O₈ at an average grade of 0.033% U₃O₈), and in Namibia (Langer Heinrich deposit with Measured and Indicated Resources of 56.4Mt grading 0.06% containing 72.4 million pounds lbs of U₃O₈ and Inferred Resources of 70.7Mt grading 0.06% containing 91.6 million lbs of U₃O₈).

ANIT Trenching

TRENCH	TOTAL MTS	FROM	TO	WITDH	U₃O₈ GRADE	V₂O₅ GRADE
AN_TR01	396	36	394	358	0.052%	0.159%
	Inc	184	254	70	0.209%	0.135%
	Inc	198	228	30	0.397%	1.469%

AN_TR02	462	164	278	114	0.019%	0.082%
	Inc	192	252	60	0.027%	0.111%
	Inc	192	226	34	0.035%	0.099%

AN_TR03	375	0	375	375	0.040%	0.057%
	Inc	66	166	100	0.096%	0.074%
	Inc	82	120	38	0.155%	0.092%

Blue Sky's exploration team recently completed 3 excavator trenches totaling 1223 meters. The trenches were cut to a depth of approximately 2m and were designed to test the lateral extent and continuity of the mineralized paleo-channel that has been defined by pits along a minimum of 6km of strike length, within a larger 15km long radiometric uranium channel anomaly. Trench 1 was located in the centre of the ANIT West anomaly; Trench 3 was located in the centre of the ANIT Central anomaly and Trench 2 was located in the break between these two major anomalies. The results are tabulated below. Click here for a map showing the trench locations.

The three trenches cut variable host sediments, including loose sands and gravels, clay sediments and gypsum layers. All major rock types are mineralized, and at this stage it does not appear that the host sediment lithology is a limiting factor for uranium vanadium mineralization. Each trench was sampled by a continuous horizontal channel sample with 1 or 2 meter composite samples. The channel samples were 10cm wide and targeted the higher gamma responses on the trench walls along the trench. The vertical component of mineralization will be determined in the coming drill program. The mineralized paleo-channel remains open to depth. Uranium -- Vanadium mineralization appears to be open in width in Trench 1 and Trench 3.

Previously on the ANIT project the Company has identified a 6km long zone of near surface uranium-vanadium mineralization through a series of 83 hand-excavated pits (see September 10, 2009 news release). These pits had an average grade of 0.045% U₃O₈ with an average thickness of the mineralized interval 1.7m and were dug within a 15km long uranium channel airborne radiometric anomaly. Hand auger drilling from the bottom of 41 pits successfully extended mineralization to a maximum depth of 5.8m below surface.

Of the 41 pits selected for augering, 29 had previously encountered mineralization greater than 1m at 0.005% (50 ppm) U. In 20 of these pits (34 samples) the mineralization was extended between 0.5 and 2.8m with average extension of 0.85m at 0.032 % U₃O₈ (270 ppm U) and 0.046% V. Of 12 pits with no previous mineralization, uranium mineralized material was encountered in the last sample of 3 auger extensions. The target remains open to depth and along strike (see December 01, 2009 news release).

Analyses of samples reported herein were performed by Alex Stewart Assayers, in Mendoza, Argentina, an internationally recognized analytical services provider, by means of Inductively Coupled Plasma Mass Spectrometry following a four acid digestion (ICP-AR). Blank, duplicate, and standard samples were inserted into the sample sequence sent to the lab for quality assurance/quality control (QA/QC) purposes. In total, 162 quality control samples (21 % of 742 total) were analyzed. Blue Sky detected no significant QA/QC issues during review of the data. Note that 10,000 ppm = 1% and 1% = 1.1792% U₃O₈, 1% = 1.785% V₂O₅.

The technical information contained in this release has been prepared by Bruce Smith, AusIMM, Blue Sky Uranium Exploration Manager and a Qualified Person as defined by National Instrument 43-101

About Blue Sky Uranium Corp.

Blue Sky has, through its membership with Grosso Group Management, has signed and agreement in principle for a strategic alliance with the Government of Rio Negro for the purpose of jointly exploring the potential for commercial mining activity to develop mining projects that provide for the acquisition, exploration and exploitation of polymetallic and energy related mineral deposits. The Company is dedicated to actively exploring the Patagonia region of Argentina. Experienced management and technical members, who foster relationships with a vast amount of international industry contacts, lead the exploration team on the search for quality resource opportunities. Blue Sky is a member of the Grosso Group, a resource management group with over 15 years experience in exploring South America.

ON BEHALF OF THE BOARD

"Sean Hurd"

Mr. Sean Hurd, President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Copyright � 2010 BLUE SKY URANIUM CORPORATION (BSK) All rights reserved. For more information visit our website at http://www.blueskyuranium.com/ or send email to info@blueskyuranium.com ..
Message sent on Tue Mar 23, 2010 at 9:28:24 AM Pacific Time

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