Vancouver, British Columbia — January 12, 2026 — Leads & Copy — Blue Sky Uranium Corp. and Ivana Minerales S.A. have reported complete results from the infill drilling program at the Ivana Deposit, Amarillo Grande Project in Rio Negro Province, Argentina.
The infill drill program, announced on June 16, 2025, was a key step identified in the recent Gap Analysis for moving the project forward towards prefeasibility, according to the press release dated November 26, 2025.
Blue Sky President & CEO Nikolaos Cacos said the program represents an important technical milestone for Ivana and was completed on time to maintain the schedule established in the company’s recent Gap Analysis. Cacos added that by tightening drill spacing in mineralized areas, the program provides increased geological confidence and data to support ongoing and future technical studies.
The program included 328 holes totaling 4,959 metres of reverse circulation drilling, with holes averaging 15 metres in depth.
The objectives of the program were:
- To confirm the continuity of the mineralization within the deposit.
- To refine mineralization/deposit limits.
- To support upgrading the classification of some of the current inferred resources in a future mineral resource estimate update.
To date, a total of 1,166 drill holes comprising 15,828 metres of RC drilling have been completed at the Ivana Deposit.
Assays results indicate that approximately 15% of the holes (51 holes) intercepted at least 1m @ 0.1% or 1,000ppm U3O8; with values up to 1m @ 0.7% or 7,000ppm U3O8 (in hole AGI-884). The program also includes drilling in an area of the deposit not previously tested due to access, including zones proximal to where the high-grade intervals were returned.
Highlight results for the entire infill program includes*:
- 4m averaging 4,368ppm U3O8 in AGI-884, starting at 9m depth, including:
- 1m @ 7,003ppm U3O8
- 1m @ 6,237ppm U3O8
- 2m averaging 4,433ppm U3O8 at AGI-873, starting at 9m depth, including:
- 1m @ 5,918ppm U3O8
- 1m @ 2,947ppm U3O8
- 3m averaging 2,923ppm U3O8 at AGI-880, starting at 11m depth, including:
- 1m @ 5,671ppm U3O8
- 1m @ 2,069ppm U3O8
- 1m averaging 4,162ppm U3O8 at AGI-883, starting at 10m depth
- 3m averaging 3,109ppm U3O8 at AGI-1157, starting at 9m depth
- 2m averaging 3,065ppm U3O8 at AGI-957, starting at 10m depth
*All holes were vertical, and the reported intervals are believed to represent true thickness.
The drilling program was carried out by Patagonia Drilling using a FlexiROC D65 drill rig from Atlas Copco, an ore-control track-mounted rig adapted to reverse circulation with triple cyclone to reduce the dust loss during sampling and automatic sampling.
Samples were collected every metre and sent to ALS in Mendoza, Argentina for preparation. Pulps were sent to ALS in Lima, Peru for analysis of multi-elements ultra-trace method combining four acid digestion with Inductively Coupled Plasma instrumentation.
Approximately every 10th sample, blank, duplicate, or standard samples were inserted into the sample sequence for quality assurance/quality control purposes, summing 579 QAQC samples included at entire program (10.5%).
The internal assessment of the QA/QC data for the infill program determined that the analytical results reported herein are within standard industry limits.
All the lab results were received and audited by external advisors Lions Gate Geological Consulting Inc. to verify the statistical correlation between previous results versus the current program to confirm that the quality of information reported herein maintained the standard good practices and are verifiable.
The audit concluded that: “no significant differences exists between results generated by the various drilling campaigns and that the combined dataset is of sufficient quality and reliability to support future mineral resource estimations.”
Mr. Ariel Testi, CPG, who works for the Company and is a Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release.
Ivana Minerales S.A. is the operating company for the joint-venture between Blue Sky and its partner Abatare Spain, S.L.U. to advance the Ivana Uranium-Vanadium deposit in Rio Negro Province of Argentina.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium deposits into low-cost producers.
Contact:
Nikolaos Cacos, President, CEO and Director
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@blueskyuranium.com
Source: Blue Sky Uranium Corp.
