Ucore Rare Metals Inc. (TSXV:UCU,OTCQX:UURAF) reported that the US Geological Survey is conducting laboratory- and field-based research programs at its Bokan – Dotson Ridge deposit. The project is 100-percent owned by Ucore.
As quoted in the press release:
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.
Ucore’s president and CEO, Jim McKenzie, said:
We’re pleased with the continued high level of involvement of the USGS at Bokan. 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.
Get Our Expert Guide to Rare Earth Investing FREE!Download this FREE Special Report, Rare Earth News and Rare Earth Metals Prices: What you Need to Know.