Press release from Marketwire
Ucore Receives USFS Permitting for Bokan - Dotson Ridge Field Program
Monday, September 16, 2013
Ucore Receives USFS Permitting for Bokan - Dotson Ridge Field Program08:42 EDT Monday, September 16, 2013
HALIFAX, NOVA SCOTIA--(Marketwired - Sept. 16, 2013) - Ucore Rare Metals Inc. (TSX VENTURE:UCU) (OTCQX:UURAF) ("Ucore" or "the Company") is pleased to report that the United States Forest Service ("USFS") has approved permitting for Ucore's upcoming field program at the Company's Bokan - Dotson Ridge Project in South East Alaska. The planned fieldwork will generate baseline information required for the completion of the final Bankable Feasibility Study, as well as the preparation of the mine construction permit applications including the development of the Plan of Operations described in the July 16, 2013 announcement.
The field program is comprised of two pre-construction development activities:
- Late Stage Drill Program (infill work, geotechnical program, and monitoring well development).
- Construction of an Interim Field Camp ("IFC") to serve as a base of operations.
The Late Stage Drill Program and the construction of an IFC are significant mine development activities which will provide information to support engineering designs and advanced scientific studies. The engineering work to develop the mine Plan of Operations is currently being conducted by Knight Piésold Ltd. of Vancouver, B.C., in cooperation with Tetra-Tech Incorporated of Vancouver, B.C. and PND Engineering of Juneau, Alaska.
"The approval of our field program is yet another benchmark on the road to production at Bokan, said Jim McKenzie, President & CEO of Ucore. "Permission to build an onsite camp to replace the Company's former barge-based facility is a significant milestone not granted lightly by the US Forest Service. This achievement, together with Bokan's location in an area already designated for resource development --- known as a USFS Mineral Prescription --- are positive indicators for future development at Bokan. Our thanks to the US Forest Service for the positive outcome of the application and review process."
The Bokan-Dotson Ridge Rare Earth Project is located on federal land managed by the USFS. USFS personnel completed an environmental assessment of the proposed field program and found that the carefully planned activities, combined with prescribed protection measures, would result in no significant impact to the environment in the Bokan area.
Ucore Rare Metals Inc. is an early stage mine development company focused on rare earth elements, strategic and technology metals. With multiple projects across North America, Ucore's primary focus is the Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson Ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in expediting mine production and limiting the capital costs associated with mine construction. The Bokan properties are located in an area reserved for sustainable resource development.
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 Company 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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer