Here is the latest news
from Ucore Uranium:
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.
James McKenzie
President
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
Dawn McKim
Investor Relations
Tel: (604) 484-9402
www.ucoreuranium.com