Ucore Uranium reports 1.83 metres grading 1.50% U3O8

- September 9th, 2008

Ucore Uranium reports updated drill program assay results from the I&L Zone drill program from Bokan Mountain. The I&L Zone is one of more than 30 known uranium / rare earth element (“REE”) occurrences at Bokan Mountain related to a peralkaline ring dike complex known as the Bokan Intrusive Complex. The Ross Adams Zone, located … Continued

Ucore Uranium reports updated drill program assay results from the I&L Zone drill program from Bokan Mountain.

The I&L Zone is one of more than 30 known uranium / rare earth element (“REE”) occurrences at Bokan Mountain related to a peralkaline ring dike complex known as the Bokan Intrusive Complex. The Ross Adams Zone, located 450 metres southwest of I&L, produced 1.3 million pounds of U3O8 at an average grade of 0.76% between 1957 and 1971. These were among the highest average grades ever recorded by a U.S. based uranium mine. Most of the uranium mineralization in the area is characterized by multiple, steeply dipping, uraniferous quartz-pegmatite veins localized by radial fractures near the margin of the Complex. Variable concentrations of light and heavy REE, zirconium, beryllium, tantalum, and niobium are associated with the uranium mineralization. 

President & CEO of Ucore, Jim McKenzie says:

“These are preliminary results from holes at the I&L Zone for which uranium assays have been received so far.” “Combined with previously announced results, our data show that uranium grades vary along strike and at depth. Drilling at the I&L zone has shown that the higher grade uranium mineralization is contained within at least two highly mineralized shoots comprising an almost consistently radioactive vein-like structure. This structure remains open at depth and along strike to the southeast. In addition to our comprehensive drill program at the I&L, three additional zones are being tested.  Multiple samples which have been analyzed for rare earth and other elements have returned significant overlimit values, and we await final results for confirmation and release.”

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