Ucore Uranium Inc. (TSX VENTURE:UCU) reported the completion of an exploration plan for its Bokan-Dotson Ridge rare earth element (REE) project in 2010.
The press release is quoted as saying:
The three seasons of drilling at Bokan have yielded some of the highest heavy rare earth element (HREE) grades on record for a North American rare earth deposit. In particular, the 2009 discovery at Sunday Lake has provided a highly attractive target for continued exploration. The discovery is unusual by North American standards, since it has rendered total rare earth drill assays comprised almost entirely of heavy REE’s; specifically, 95% heavy REE’s as a component of total REE’s. These results are anomalous compared to known rare earth deposits, with an industry average of less than 10% heavy REE’s as a component of total REE’s.
