Ucore Reports That USGS Research Continues at Bokan Heavy REE Deposit in Alaska
July 30 2014 - 8:10AM
Marketwired Canada
Ucore Rare Metals Inc (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company")
is pleased to report that the US Geological Survey ("USGS") is moving forward
with a laboratory and a field-based research program at the Bokan Dotson Ridge
deposit in southeast Alaska ("Bokan").
The program is intended to advance the agency's understanding of heavy rare
earth element ("REE") mineral resources. Currently, the U.S. relies on imports
of heavy REEs and Bokan is a potential source. Ongoing research will examine in
detail the mineralogy of the Dotson Ridge REE deposit. New fieldwork this summer
included geological mapping of the Bokan Intrusive Complex and sampling of
numerous associated REE mineral occurrences. The goal of this research is to
characterize the tectonic environment which generated the mineralization.
"We're pleased with the continued high level of involvement of the USGS at
Bokan," said Jim McKenzie, President and CEO of Ucore. "These initiatives
reaffirm that this Alaska-based deposit is increasingly recognized as an asset
of critical importance to American high technology, defense systems and
alternative energy. They also demonstrate a commitment to the understanding and
advancement of this strategic resource at a federal level, which complements the
tremendous support of state agencies in Alaska."
About Ucore Rare Metals Inc.
Ucore Rare Metals Inc. is a development-phase mining company focused on
establishing rare metal resources with near-term production potential. With
multiple projects across North America, Ucore's primary focus is the 100% owned
Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson Ridge REE
project is located 60 km southwest of Ketchikan, Alaska, and 140 km northwest of
Prince Rupert, British Columbia, and has direct ocean access to the western
seaboard and the Pacific Rim, a significant advantage in developing near-term
production facilities and limiting the capital costs associated with mine
construction.
This press release includes certain statements that may be deemed
"forward-looking statements." All statements in this release, other than
statements of historical facts, that address future exploration drilling,
exploration activities, development timelines, and events or developments that
the Company expects, are forward looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include exploitation and
exploration successes, continued availability of financing, and general
economic, market or business conditions.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
(902) 482-5214
www.ucore.com
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