” look forward to Ucore defining a 43-101-compliant mineral resource, detailing the required metallurgy and putting both sets of information into the public domain soon,”

July 15, 2010 : Additionally, Collison and Associates has been retained for scoping and pre-feasibility work on the prospective heavy rare earth mine at Bokan, as well as the planning of progressive underground exploration. ”

“Considered by many to be the nearest heavy rare earth facility to production on U.S. soil, our objective for Bokan will be to transition from the delivery of an NI 43-101 compliant Inferred Resource this year to production pre-feasibility immediately thereafter”, continued McKenzie.

Moving straight to PFS….& i’am sure they feel their process will make the cut for the PFS……just like Avalon did…..

Avalon Nov 19, 2009 : Hydrometallurgical process flowsheet development sufficient for a prefeasibility study is expected to be completed early in the new year. ”

Glta !!!

Green & Harbuck indicated that yttrium and to a certain extent, cerium and lanthanum could be recovered effectively via the culmination of the processes that they tried. However, they went on to say [on page 8 of the report] that “[A]s emphasized throughout this paper, the main thrust if [sic] the research was yttrium recovery; however, as is evident in tables 7 and 8, the raffinate from the yttrium circuit could be passed through a 20 pct DEHPA, 0.24M OPAP circuit to selecrively [sic] recover cerium. The recovery of other select metals from the leach liquor would require further research”.

Note the last sentence. There is no indication in this report that the metallurgy for the other REEs [light or heavy] had been settled or completed at the time of that report – quite the contrary. The continued mis-use of this report to support erroneous hypotheses, particularly by denizens of certain stock-related message boards, is misleading and unethical.

I look forward to Ucore defining a 43-101-compliant mineral resource, detailing the required metallurgy and putting both sets of information into the public domain soon, so that we can finally move past the now-infamous Green & Harbuck report.

“The discovery of usable metallurgical formulas can consume a significant portion of the development cycle of a REE mine, and can be an elusive objective. This USBM funded metallurgical study, particularly in view of its NI 43-101 compliance, is a unique and valuable asset to Bokan-Dotson Ridge and greatly expedites the feasibility cycle for one of the few prospective heavy rare earth deposits outside of the currently producing south China clays.”

Since u can’t cherry pick lights from heavies…..to me,,this is saying the past Govt study was successful in recovering both LREE n HREE…hence ” usable metallurgical formula “….but they only publically focus on the HREE’s.

So re-work it with todays tech and go from there…..like they’re doin….and the cool thing is,,,,even though that’s an older govt. formula….it would qualify under todays standards for compliance.

Glta !!

* Independent Review of USBM Metallurgical Study Confirms 96% Separation of Bokan HREE to be NI 43-101 Compliant
Date: September 3, 2009

* This USBM funded metallurgical study, particularly in view of its NI 43-101 compliance, is a unique and valuable asset to Bokan-Dotson Ridge and greatly expedites the feasibility cycle for one of the few prospective heavy rare earth deposits outside of the currently producing south China clays.”
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A recent comment by Mr. Lifton on Aug.18th 2010….

” In other news, I recently just returned from the Bokan Mountain project in Alaska, owned by Ucore Rare Metals (TSX.V:UCU). If I had both the capital and the stamina I would buy Bear Lodge and Bokan Mountain and produce from them the entire range of rare earth elements (‘lights’ and ‘heavies’) in amounts that would satisfy US demand in total. With the surplus I would export to Asia the heavy rare earths that the Chinese, Japanese, and the Koreans need today and increasingly will need in the future. I would construct two separation plants, one at each location, and one refining plant to serve both. ”
——————
Sept. 2nd 2010…..Ucore pr : ” “We welcome the involvement of the USGS at Bokan,” said Jim McKenzie, President and CEO of Ucore. “Not only will their expertise help us to identify and assess the unusual chemical, mineralogical, and structural aspects of this complex project area, their work will also highlight the significance of Bokan’s unusual concentrations of HREE’s, to various US policy makers. Scientific studies by the USGS have been, and will continue to be, of great benefit as we integrate their studies with our exploration data and move toward defining a resource at Bokan.”

I’d suggest to anyone to start at least around 2009 and read the pr’s,,etc…

A HREE sleeper…..imo. ( lol )

Glta the honest investors !!

One side of Bokan Mountian is uranium,,,,the other is the REE’s….they’re 2 completly seperate issues as of today & so far very little Thorium in their HREE mix and a proven USGS metallurgy,,,,although of course being re-worked today with modern techs/approaches.

Ucore is imo, a true sleeper in the HREE arena….very rarely mentioned in articles, etc…

Good for guys like me. :)

UcoreRareMetals.com

GLTUA !!

Daniel,

You are exactly right about what killed the rare earth prices, intense internal Chinese competition.

I am in Tokyo until Tuesday night and I then fly to Hong Kong where I will be speaking at the CLSA Asia Forum.I leave Hong Kong for the USA on Friday.