NEWS
RELEASE
For Immediate Release
March 18, 2008
Hole 1 at Bokan
Returns 50 Metres Grading 0.47% U3O8
(Vancouver, B.C.) Ucore
Uranium Inc. (TSX-V: UCU) is pleased to report the final assay results from the
2007 drilling program at its Bokan Mountain uranium project in southeastern
Alaska.
A total of nine drill
holes were completed, and assays of high grade core samples were delayed due to
transportation, environmental, and
health standards applicable to radioactive material. Results of Hole 1 are now complete, as
follows:
|
Hole ID |
From
(m) |
To
(m) |
Width
(m) |
U3O8
(%) |
|
LM07-01 |
1.83 |
52.07 |
50.24 |
0.47 |
|
including |
5.72 |
8.40 |
2.68 |
1.24 |
|
and
|
25.76 |
42.24 |
16.48 |
0.83 |
|
including |
33.10 |
37.00 |
3.90 |
2.43 |
�Partial assay results
for Hole 1 were released on November 1, 2007,� said Jim McKenzie, President & CEO. � We are now
pleased to report the final results from this hole. With these additional
results, the mineralized intercept in Hole 1 has now been expanded from the
previously reported 33 metres to the finalized total of 50 metres, with a gain
of 17 metres in total mineralization. These results continue to confirm the
high-grade nature of uranium mineralization at the I&L zone, in addition to
proving its continuity to depth.
We are currently in preparation for an expanded drill program in 2008 to
test many of the more than 30 known mineral prospects at Bokan, in addition to
the identified high grade mineralization at
I&L.�
NI 43-101
Compliance
Results reported in this
news release are from a -80� drill hole designed to twin an historic drill hole
to confirm prior results. The
target area is variably mineralized with steeply dipping dikes and veins with
surface uranium mineralization at the I&L zone, part of the Bokan Intrusive
Complex. Diamond drill core was
sawn on site, with half the core transported by commercial freight carriers to
the ALS Chemex analytical facility in North Vancouver, BC,
Canada. Blanks,
certified standards, and duplicates were inserted into the sample batches. Analyses were by ICP-mass spectrometer
following a lithium metaborate fusion.
U3O8 values are weighted averages converted from
ppm U reported by the laboratory using a ratio of 1% U = 1.17%
U3O8. Hole 1
closely parallels structure and it is not possible to make a conclusive
statement on the relationship between true width and core intercept.
John McKenney, CPG, the
Bokan
Mountain project manager
for Ucore�s wholly owned subsidiary Landmark Alaska Limited Partnership and a
qualified person in accordance with NI 43-101, has reviewed this press
release.
Background
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 Bokan
Mountain uranium and rare earth element
property in Alaska. Ucore owns a 100% interest in 238
claims at Bokan
Mountain, and has the
option to purchase a 100% interest in an additional 92
claims.
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