Ucore Uranium Inc. Commences Airborne Geophysical Survey at Bokan Mountain
( Halifax, N.S. ) Ucore Uranium Inc. (TSX-V: UCU) is pleased to announce that a low-level, closely spaced airborne radiometric and magnetic survey has commenced at the Bokan Mountain uranium and rare earth element project in Alaska.
The survey is being carried out by Precision Geosurveys Inc. using a helicopter flying grid lines at 100 meter spacings on over 600 line kilometers. The radiometric system consists of a multi-channel spectrometer with state-of-the-art design and large gamma ray sensing crystals. A high resolution magnetometer system will be flown concurrently to assist in interpreting source rock units. The exploration target at Bokan Mountain is uranium and rare earth elements related to an unusual Jurassic peralkaline intrusive complex.
“Despite a long and complex exploration history, which includes the production of 1.3 million pounds of high grade uranium prior to 1971, a detailed airborne geophysical survey of this caliber has never been undertaken in the Bokan area. This is an exciting time for our exploration team,” said Ucore President & CEO Jim McKenzie . “A preliminary evaluation of data collected so far shows that many of the more than 30 known uranium occurrences are associated with anomalous radiation levels, but we have also identified anomalies without known bedrock mineralization. Our next step will be systematic geological mapping, prospecting, and ground surveying on the new targets as drilling continues at the I&L zone.”
Ucore Uranium Inc. is a junior mineral exploration company with more than 20 uranium properties from Alaska to Newfoundland .
John McKenney, CPG, a qualified person in accordance with National Instrument 43-101, is the Bokan Mountain project manager for Landmark Alaska LP, a wholly owned subsidiary of Ucore, and has reviewed the technical data presented in this news release.
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 Company 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.
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