The Conversation (0)
Ucore Rare Metals (TSXV:UCU,OTCQX:UURAF) reported that assay results from its 2014 drill program at the Bokan-Dotson Ridge heavy rare earth element project have indicated mineralization at a greater depth than the existing resource at the project.
Ucore Rare Metals (TSXV:UCU,OTCQX:UURAF) reported that assay results from its 2014 drill program at the Bokan-Dotson Ridge heavy rare earth element project have indicated mineralization at a greater depth than the existing resource at the project.
As quoted in the press release:
All five of the deeper holes intercepted mineralization at significant depth and are characterized by grade and rare earth content consistent with the existing Bokan resource. The existing Bokan resource currently extends to an average depth of 220 metres. The five deeper holes from the 2014 program intersect the mineralized zone an average of 100 metres below all previous drill intersections.
Ucore president and CEO, Jim McKenzie, said:
While our geological staff and consultants hypothesized that the mineralized body continued significantly deeper than what we’d previously proven up, it’s gratifying to have this hypothesis confirmed. The potential for significant resource expansion, as well as prospectively adding years to the mine life considered by our Preliminary Economic Assessment is a significant development for the project.
Click here to read the Ucore Rare Metals (TSXV:UCU,OTCQX:UURAF) press release