SOURCE: Ucore Uranium Inc.

March 18, 2008 10:34 ET

Hole 1 at Bokan Returns 50 Metres Grading 0.47% U3O8

VANCOUVER, BC--(Marketwire - March 18, 2008) - 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 degrees 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.


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.

Contact Information

  • For more information, contact:
    Jenn Gillespie
    Ucore Uranium Inc.
    Investor Relations
    (902) 441-4004
    Email Contact