Mining News: News Nuggets: Bokan REE resource gets an upgrade

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.”

- Shane Lasley

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