http://www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&m=27941001&l=0&r=0&s=UCU&t=LIST
Excerpted from the above article:
Ucore Uranium Inc (TSX V: UCU) has completed the exploration plan for its Bokan-Dotson Ridge rare earth element project in 2010. The comprehensive exploration agenda, continuing under the management of Ucore’s wholly-owned US subsidiary Rare Earth One, has been designed with a concentration on advancement of existing zones with infill and exploratory drill work, while expanding overall project scope. Drilling in 2010 will focus on the rare earth-bearing zones at the Dotson Trend and the Sunday Lake Zone, which yielded significant Heavy REE (HREE) intercepts in 2009.
This year’s program will target a minimum of 3,000 metres, and will include detailed geological mapping, airborne and ground-based geophysical surveying, detailed mineralogical studies, environmental baseline data collection, and bench-scale metallurgical testwork.
In a statement issued recently, Ucore has made certain forward looking remarks. “A number of near-term events have the potential for material impact on the US rare earth sector, and HREE’s in particular. They include the pending finalization of China’s five-year plan, which promises a staged export withdrawal of HREE’s such as terbium and dysprosium, metals particular to Bokan and in short supply worldwide.
In April, the US Committee on Armed Services is due to issue a report on rare earths in the supply chain of the Department of Defense to the US Senate. The US is the world’s largest consumer of HREE’s for strategic military and high technology applications. In turn, Bokan’s unique positioning as the largest historically estimated HREE deposit in the US, albeit non 43-101 compliant, should serve us well in focusing attention on an increasingly compelling story.
The Bokan-Dotson Ridge project, located on Prince of Wales Island in southeastern Alaska, is 100-per-cent owned by Ucore. The three seasons of drilling at Bokan have yielded some of the highest heavy rare earth element grades on record for a North American rare earth deposit.
