Bokan Mountain Drill Mobilization Underway
(Vancouver, BC. May 14, 2008) Ucore Uranium Inc. (TSX-V: UCU) is pleased to provide an update on its 2008 exploration activities at the Bokan Mountain uranium exploration project in southeast Alaska.
Following the receipt of drill permits from the US Forest Service, exploration crews have been mobilized to Bokan Mountain. A floating barge camp for crew accommodations is being set up, with a capacity of 30 personnel. Fuel storage facilities are being installed, and drill pads are being constructed at the I&L zone. Two drills will be moved from Ketchikan to Bokan Mountain later this week by barge.
The exploration work continues to be completed through Ucore’s wholly owned US subsidiary, Landmark Alaska Limited Partnership. The 2008 exploration program is being managed by Aurora Geosciences (Alaska) Ltd. of Juneau, Alaska, under the supervision of Ucore’s senior geological staff. The goals of the work are to (1) verify uranium and REE reported from 2007 and earlier drilling, (2) test Ucore’s geological model for the style of mineralization, (3) explore previously untested portions of the I&L zone, and (4) determine if the I&L zone mineralization persists to depth and/or along strike, especially to the southeast where radiometric data suggest high radioactivity levels for a strike length of 3 km.
“Despite unanticipated snow conditions as a result of cooler than normal spring weather, our mobilization and set-up efforts are on track and on budget due to the hard work of staff and contractors,” said Jim McKenzie, President and CEO. “Our first priority is to complete in-fill drill holes at the promising I&L zone, where we received high grade uranium values from our 2007 program. Service contracts have been signed with local helicopter, marine, and logistical support suppliers who have all shown a high degree of competence and eagerness to see the exploration program generate positive results while minimizing environmental impacts. We hope to obtain our first core within the next week.”
Ucore Uranium Inc. is a junior exploration company focused on establishing uranium resources through exploration and property acquisition. With more than twenty active projects, Ucore’s primary focus is the 100% owned Bokan Mountain uranium and rare earth element property in Alaska.
On behalf of the Board of Directors
Ucore Uranium Inc.
This press release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that Ucore expects, are forward-looking statements. Although Ucore believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.
For more information, contact
Tel: (604) 484-9402