North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Ucore Rare Metals Inc. May 11 reported a significant upgrade and expansion of the mineralized resources at the Dotson-Ridge deposit of its Bokan Mountain rare earths project in Southeast Alaska.

The deposit now contains an estimated indicated resource of 4.79 million metric tons averaging 0.6 percent (63.54 million pounds) total rare earth oxides, a roughly 63 percent increase over the 2.94 million metric tons of indicated resource included in a 2013 estimate.

Additionally, the deposit has 1.05 million metric tons of inferred resource averaging 0.6 percent (13.96 million lbs.) TREO. About 39 percent of the TREO in both categories are the higher valued heavy rare earths.

"We're pleased to announce this important resource upgrade as Ucore continues its progress toward production," said Ucore President and CEO Jim McKenzie.

"This resource upgrade, together with our recent advances in molecular recognition technology for refining applications, makes for a compelling mine-to-metal story at Bokan."

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Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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