Blue Sky Uranium Corp. identifies new drill targets and extends Anit Uranium Vanadium Mineralization by 24hgold

Mots clés associés : Uranium |

Re: News Release - Tuesday, December 01, 2009
Title: Blue Sky identifies new drill targets and extends Anit Uranium Vanadium Mineralization

Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) is pleased to announce results from recent radon gas surveys and extension of hand auger drilling on its ANIT project in Rio Negro Province, Argentina. The new radon results indicate the potential for the discovery of covered uranium-vanadium mineralization in new zones peripheral to the extensive outcropping mineralization described in the September 10, 2009 News Release. Hand auger drilling from the bottom of 41 pits successfully extended mineralization to a maximum depth of 5.8m below surface. The Company is also pleased to report that it has received permits from the Rio Negro Government for mechanized exploration on the concessions covering the ANIT target and planning is underway for a Phase I drilling and trenching program in early 2010.

To date 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. 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. The target remains open to depth and along strike (see September 10, 2009 news release).

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 NI 43-101 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 Radon Results

Blue Sky's exploration team recently completed a 65 line kilometre radon gas survey on the ANIT 1 and 2 properties that cover the main ANIT anomaly. A total of 7 lines spaced approximately 2,200m apart were completed with radon cups placed every 100m (see Figure). Approximately 650 discrete radon gas detection points were measured.

Radon gas is produced by the decay of uranium minerals and can migrate through porous covering sediments. With a half life of roughly 3 days, detection of anomalous radon gas is a strong indicator of uranium mineralization concealed beneath shallow cover, which cannot be detected by radiometric surveys.

Of the 7 north-south radon lines completed, 3 lines crossed over and extended up to 7km on either side of the known east-west orientated ANIT uranium-vanadium mineralized paleochannel. As expected, where the radon lines crossed the known mineralization, anomalous radon values of 6,000 to 8,000 picocuries per litre (cp/l) were detected. The survey detected at least 9 other similar scale anomalies in new areas with values ranging between 5,000 to 9,000 cp/l. Background values over the property are below 1,000 and typically 100 to 400 cp/l. One of the most significant radon anomalies is contiguous to and extends 800m to the south of ANIT West mineralization where 8 continuous radon samples have average values of 5,000 and maximum value 6,600 cp/l. In this area recent hand auger drilling (described below) discovered buried uranium-vanadium mineralization.

Testing of these newly identified radon targets will be incorporated into the planning for a Phase I drill program planned for early 2010 which will primarily focus on the ANIT West and Central targets.

ANIT Auger Results

Recent hand auger drilling at ANIT West and Central from the base of previously-completed hand excavated pits discovered both depth extensions to previously reported mineralized pits and potential new mineralized zones. 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.

Augering from the base of Pit 225 (the highest-grade and thickest previously-reported mineralized interval with 3m averaging 0.849 % U₃O₈ (7200 ppm U) and 0.20% V) extended the mineralization a further 2.8m at an average grade of 0.033 % U₃O₈ (280 ppm U) and 0.04% V for a combined interval of 5.8m thickness averaging 0.436 % U₃O₈ (3700 ppm U) and 0.12% V.

In the area south of ANIT West where new radon anomalies indicate buried mineralization, previous pits 212 and 213 had no mineralization greater than 0.005% (50 ppm) U. Augering from the base of these pits has encountered U and V mineralization in the deepest auger samples. Pit 212 has 0.011% U₃O₈ (90 ppm U) and 0.124% V between 2.3 and 2.7m and pit 213 has 0.019% U₃O₈ (160 ppm U) and 0.037% V between 3.5 and 4m depth.

Analysis 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). The samples collected from the pits and auger were 0.5m samples. Blank, duplicate, and internal company standard samples were inserted into the sample sequence sent to the lab for quality assurance/quality control (QA/QC) purposes. Blue Sky detected no significant QA/QC issues during review of the data. Note that 10,000 ppm = 1% and 1% = 1.1792% U₃O₈.

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 � 2009 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 Dec 1, 2009 at 10:32:28 AM Pacific Time

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