JVCO recently increased its exploration budget to US$6 million, doubling its initial target and surpassing the US$3 million minimum annual commitment outlined in the joint-venture agreement. Of this, US$4.4 million is allocated to feasibility-related work, including infill drilling, technical studies, and preparation of an NI 43-101 report.
"With COAM's support, JVCO plans to rapidly advance Ivana with this drill program while continuing other work such as metallurgy and process engineering in order to achieve feasibility and potential production as swiftly as possible," said Nikolaos Cacos, President and CEO of Blue Sky.
The current infill campaign includes up to 6,000 metres of reverse circulation drilling across approximately 330 holes, each averaging 18 metres deep. This work aims to refine the understanding of mineralized zones, supporting the reclassification of inferred resources to the indicated category and improving geological models for mine planning. It will also evaluate the expansion potential of open mineralization areas cited in the latest Preliminary Economic Assessment.
A follow-up drill phase totaling up to 2,500 metres will commence immediately after, targeting at least two new high-potential zones near the Ivana deposit. This phase will incorporate both RC and diamond drilling methods to better define satellite mineralization previously highlighted by earlier campaigns. The US$1.6 million brownfields exploration budget covers drilling, geophysical surveys, and permitting activities.
Related Links
Blue Sky Uranium Corp
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com
| Subscribe Free To Our Daily Newsletters |
| Subscribe Free To Our Daily Newsletters |
