Ucore Provides Update on Bokan Drill Program
October 20, 2009 – Ucore Uranium Inc. (TSX-V: UCU), (“Ucore” or the “Company”) is pleased to provide an update on the 2009 drill program currently in progress at its Bokan-Dotson Ridge rare earth project in Alaska.
Since the commencement of drilling on September 8, Ucore has completed 25 holes, comprising 2443 metres of core. Processed core is being forwarded on a routine basis to Eco Tech Laboratories of Kamloops, B.C., for assay. Drilling continues on site, and assays will be released as soon as received and confirmed.
“This has been our most productive drill program at Bokan to date, with more linear metres obtained over a shorter period than ever before,” said Jim McKenzie, President and CEO of Ucore. “With an initial goal of 2000 metres for the season, we’ve already surpassed our expectations, delivering excess metres, and well within budget. As a result, we’ve elected to extend the program to obtain additional holes at depth and along strike. With that in mind, assay turnaround from the lab has been slower than originally indicated, and we’re working to rectify this. It’s fair to say that even with delays, the new assay facility is anticipated to deliver results significantly faster than any alternative facility we’ve used in previous years, so we have to manage our expectations accordingly.”
Ucore Uranium Inc. is a junior exploration company focused on establishing REE and uranium resources through exploration and property acquisition. With multiple projects, Ucore’s primary focus is the Rare Earth One operated Bokan – Dotson Ridge rare earth element and uranium project. The project is located on the southern part of the Prince of Wales Island in southeastern Alaska, with excellent deep water access and proximity to major sea and rail shipping routes across North America and to Asia.
For further information, please contact Mr. Jim McKenzie, President and Chief Executive Officer of Ucore Uranium Inc. at: (902) 482-5214.
Ucore Uranium Inc.
Signed “Jim McKenzie”
Jim McKenzie, President and CEO
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 the Corporation expects, are forward looking statements. Although the Corporation 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.