Ucore Rare Metals Inc (UURAF)

[douginil]

Ucore Increases Bokan Mineral Resource with Critical Co-Products

Halifax, Nova Scotia–(Newsfile Corp. – October 15, 2019) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or “the Company”) is pleased to announce an upgraded mineral resource (“Resource” or “Mineral Resource“) estimate for the Bokan Dotson-Ridge Rare Earth Project in Southeast Alaska (“Bokan” or the “Bokan Project“). The upgrade to the Resource incorporates six additional critical co-product metals (as defined by the U.S. Federal Government)1 not previously considered in mineral resource and economic estimates (collectively, the “Critical Co-Products“).

Using a total rare earth oxide (“TREO“) cut-off grade of 0.40 percent, an additional 38.5 thousand tonnes of the critical and strategic metals, including niobium (Nb), zirconium (Zr), beryllium (Be), hafnium (Hf), titanium (Ti), and vanadium (V) have now been added to the Resource at Bokan. This development is a result of an independent metallurgical assessment by Mr. Ed Bentzen; followed by an update to the geologic model by Mr. Jim Robinson of Aurora Geosciences (Alaska) Ltd. (“Aurora“).

“We’re pleased to announce this important Resource upgrade as Ucore continues its development of the Bokan Project towards shovel ready status,” said Jim McKenzie, President & CEO of Ucore. “The completion of these initial studies continues to add momentum towards our ultimate goal of installing Bokan’s unique surface and underground mine facility, and the construction of the planned Alaska Strategic Metals Complex [the “Alaska SMC“] in Ketchikan, Alaska, as defined in our M3 Plan of Action.”

“Not only are these ancillary metals valuable augmenting components of the Bokan Resource, they’re among a select group of metals now earmarked by the U.S. Government as critically required by domestic growth industries,” said Mike Schrider, Ucore’s COO. “This Resource update now permits us to proceed with calculations affecting the value added economics of the Bokan Project. Many thanks to Ucore major shareholder, Orca Holdings LLC, of Alaska for investing its time and finances to underwrite these important Resource upgrade initiatives. These metals, combined with Bokan’s already impressive basket of critical HREE’s, make for an even more compelling strategic asset on U.S. soil.”


Read more at:
https://ucore.com/ucore-increases-bokan-mineral-resource-with-critical-co-products