Blue Sky Uranium Corp. Trenching Completed At Blue Sky's Ivana Project by 24hgold

Mots clés associés : Uranium |

NEWS RELEASE

Monday, October 29, 2012
Trenching Completed At Blue Sky's Ivana Project

Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN: A0MKXP)), ("Blue Sky" or the "Company") is pleased to announce that the mechanical trenching program has been completed. The program consisted of 22 trenches totaling approximately 2,200 metres and 57 new pits. Geochemical results from the trenching and pitting programs will be released as they become available.

Technical Summary:

Trenching, geological mapping, resistivity geophysical survey and shallow auger drilling have defined a system of mineralized paleo-channels cut into the granitic basement. High grade uranium mineralization is hosted in well sorted reddish and yellowish coarse sands, with carnotite-type minerals and extending into the weathered granitic basement.

Important observations for the trenching program included the discovery of mineralized paleo-channels beneath barren cover sediments, with positive implications for discovery of buried mineralization within the 28 by 15 km Ivana project. In 5 of the trenches high radiometric anomalies occurred below barren cover material. See map http://www.blueskyuranium.com/i/maps/IVANA_VIII-SPOT-POSG3_r2.jpg for details of trenching and pitting program.

The current round of trenches was aimed to prospect a large area and were widely dispersed over 12km² to test multiple surface radiometric anomalies, and areas with no surface anomalies. First pass radiometric mapping of the trenches and pits has been completed using RS 125 gamma ray scintillometer, with one reading being recorded along the trench wall per meter. Of the 22 trenches cut 12 had moderate to high radiometric response (+1000 cps per meter).

To date there have been a total of 69 pits completed, with 21 pits with moderate to high radiometric response (+1000 cps per meter). Detailed radiometric mapping is ongoing and representative sampling (200 samples) have been sent to the laboratory for geochemical analysis. Geochemical results from the trenching program will be released as they become available.

The Company followed industry standard procedures for the work carried out on the Ivana Project with a quality assurance/quality control (QA/QC) program. Blue Sky detected no significant QA/QC issues during review of the data.

This press release was reviewed by work was carried out by Blue Sky's exploration team under the supervision of Bruce A. Smith, MAusIMM, Chartered Professional Geologist, and Qualified Person.

* Using RS125 scintillometer.

About Blue Sky Uranium Corp.

Blue Sky is one of Argentina's best positioned uranium exploration companies with more than 5,000 km² of tenements. The Company's mission is to acquire, explore and advance a portfolio of uranium projects with an emphasis on surficial deposits, in Argentina and other jurisdictions.

The Company is a member of the Grosso Group, a resource management group with experience in South America since 1993. As a member company of the Grosso Group, Blue Sky benefits from the signing of an agreement in principle for a strategic alliance with the Government of the Rio Negro province, Argentina, for the purpose of jointly exploring the potential for commercial mining activity. Argentina has an advanced nuclear industry, centered in the Rio Negro Province.

ON BEHALF OF THE BOARD

"Sean Hurd"
______________________________________
Mr. Sean Hurd, President and CEO

For further information please contact:

Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@blueskyuranium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. 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.

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