Ucore Rare Metals Inc (UURAF)

[douginil]

Ucore Increases Resource at Bokan Dotson-Ridge


Full Press Release:
http://ucore.com/ucore-increases-resource-at-bokan-dotson-ridge

Read the PR for more numbers.


May 11 , 2015 - Halifax, Nova Scotia - Ucore Rare Metals Inc. (TSX-V:UCU)
(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to announce an upgraded and increased resource estimate ("Resource" or "Mineral Resource") for the Bokan Dotson-Ridge rare earth element project in Southeast Alaska ("Bokan").

An additional 1.043 million tonnes of newly estimated Inferred mineralization grading 0.604% TREO at a cut-off grade of 0.40% TREO has now been added to the total Resource at Bokan, as a result of deeper exploratory drilling during the 2014 field season.

Further, more than 98% of the previously established Resource has now been
upgraded to the fully Indicated category under NI 43-101 standards by way of
supplemental infill drilling. The previously announced Resource, consisting of 2.936 million tonnes in the Indicated category and 1.995 million tonnes in the Inferred category under NI 43-101 standards at the same cut-off grade, was announced by Ucore in a press release dated Oct. 21, 2013.

The Company is additionally pleased to report that the anomalous skew towards the more valuable heavy rare earths ("HREO") remains consistent across the entire deposit, at approximately 40% of total rare earths ("TREO"). The Resource remains open both at depth and along strike.

"We're pleased to announce this important Resource upgrade as Ucore continues its progress toward production," said Jim McKenzie, President & CEO of Ucore. "The completion of deeper drilling continues to add significantly to mineralization at greater depth, which is consistent with our geological model of deep seated hydrothermal events. What's more, the Resource remains open at depth and along strike, with the prospect of ongoing exploration even after production has been achieved. This Resource upgrade, together with our recent advances in Molecular Recognition Technology for refining applications, makes for a compelling mine to metal story at Bokan."