Blue Sky Poised to Secure Very Significant Uranium Land Package in Argentina.
Blue Sky Uranium Corp. is pleased to announce that the Company has signed an exclusive agreement with Argentine Uranium Corp. to review over 4,000 square kilometres of its prospective uranium property in Argentina. Blue Sky will maintain this exclusive right for 90 days to conduct due diligence and to acquire four of Argentine Uranium Corp.'s projects.
In a recent due diligence trip to Argentina, Blue Sky Director Dr. Ronald McMillan met with Dr. Jorge Berizzo, Argentine Uranium Corp.'s chief property scout and reviewed a portion of the significant uranium land package that Argentine Uranium Corp. is in the process of assembling. Dr. McMillan has recommended to Blue Sky management to conduct an expanded due diligence program with the objective of identifying and acquiring several key uranium projects that have been highlighted by Dr. Berizzo.
Dr. Berizzo's 22 years of experience in uranium exploration and production was obtained as a senior exploration geologist and later on as mine manager for the Argentinean National Atomic Energy Commission ("CNEA"), as well as privately owned companies. In Argentina he played a leading role in the discovery of the Cerro Solo uranium deposit in Chubut province and has spent much of his career exploring for and developing uranium deposits in the Patagonia region of Argentina. All of Argentina Uranium's projects that Blue Sky will be evaluating have been selected by Dr. Berizzo for their potential to host economic uranium deposits.
In exchange for Argentina Uranium granting Blue Sky this exclusive option to acquire the majority interest in four uranium concessions, Blue Sky must pay to Argentina Uranium a total of US $65,000 on or before April 20th, 2007. This payment guarantees that Blue Sky shall have the exclusive right to acquire for a period of ninety (90) days counted beginning on April 20th, 2007, on terms to be negotiated.
Blue Sky is a newly listed uranium exploration company led by experienced management and technical teams. Blue Sky is actively exploring in the Athabasca area of Northern Saskatchewan, and seeking new opportunities in the Patagonia region of Argentina. Blue Sky is a member of the Grosso Group, a resource management group with over 15 years experience in exploring South America. - Source: http:///www.ccnmatthews.com
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