Ucore Announces Commissioning of Plan of Ops
16 Julho 2013 - 10:57AM
OTC Markets
Ucore Announces Commissioning
of Plan of Ops
July 16, 2013 ? Halifax, Nova Scotia ? Ucore Rare
Metals Inc. (TSX-V:UCU) (OTCQX:UURAF) (?Ucore? or ?the
Company?) is pleased to announce that the work program is
under way to develop the Initial Plan of Operations (?Plan of Ops?)
for the Bokan-Dotson Ridge Rare Earth Project in Southeast Alaska
(the ?Project?).
Third party engineering firms have been contracted to advance
the preliminary designs of the engineered facilities as set out in
the Company?s recently-issued Preliminary Economic Assessment (PEA;
January 15, 2013). The results of these engineering studies will be
used to finalize the Plan of Ops, which will include a proposed
footprint of the Project site. The successful completion of the
Plan of Ops will trigger the permitting process, an important
milestone in mine development.
Knight Pi?sold Ltd. of Vancouver, B.C.; Tetra-Tech
Incorporated (formerly Wardrop Engineering Inc.) of Vancouver,
B.C.; and PND Engineering of Juneau, Alaska, have been retained to
complete the various components of the Plan of Ops. The engineering
schematics of the Plan of Ops will include the positioning of the
following mine facilities:
- Underground mine portal.
- Mill facility (including crushing, screening and sorting
plant).
- Separation facility.
- Aggregate storage stockpile.
- Water management facility.
- Interim* tails facility.
* The use of ore sorting and cemented paste backfill will
allow for all of the milled tailings to be placed back into the
underground mine once the project is in full production. As a
result, no permanent tails disposal facility will be required for
the Project, a unique feature of the Bokan- Dotson Ridge
site.
The Bokan-Dotson Ridge Rare Earth Project is located on
federal land managed by the United States Forest Service (USFS).
The advanced engineering designs set out in the Plan of Ops are
required by the USFS to initiate the National Environmental Policy
Act (NEPA) review for the extraction of locatable minerals. The
NEPA review will culminate into the development of an Environmental
Impact Statement (EIS); evaluating the potential environmental
impacts of the proposed project and any mitigating alternatives to
the development and operation of the mining and milling
activities.
?The development of the Plan of Operations is a significant
step forward for the Project and submitting the document to the
USFS to initiate the NEPA review will be an important milestone for
the Company. We?re looking forward to the completion of the NEPA
review process, and obtaining the Record of Decision, in order to
initiate construction of the Project,? said Jim McKenzie, President
and CEO of Ucore.
To additionally support the development of the EIS,
environmental studies commenced in 2012 continue to be enhanced
during the 2013 field season. Local technicians have been retained
to evaluate stream and groundwater quality, as well as fish habitat
and the productivity of the streams within and adjacent to Project
boundaries. A survey has also been commissioned to determine the
extent and quality of any wetlands that are within the proposed
footprint of the Project. A meteorological station is being
installed during the 2013 field season, to provide baseline
climatological conditions, and studies of the geochemistry of the
ore and separated aggregate have also been commissioned.
Background
Ucore Rare Metals Inc. is an early stage mine development
company focused on rare earth elements, strategic and technology
metals. With multiple projects across North America, Ucore?s
primary focus is the Bokan ? Dotson Ridge REE property in Alaska.
The Bokan ? Dotson Ridge REE project is located 60 km southwest of
Ketchikan, Alaska and 140 km northwest of Prince Rupert, British
Columbia and has direct ocean access to the western seaboard and
the Pacific Rim, a significant advantage in expediting mine
production and limiting the capital costs associated with mine
construction. The Bokan properties are located in an area reserved
for sustainable resource development.
For further information, please contact Mr. Jim McKenzie,
President and Chief Executive Officer of Ucore Rare Metals Inc. at:
(902) 482-5214 or visit www.ucore.com
This press release includes certain statements that may be
deemed ?forward-looking statements?. All statements in this
release, other than statements of historical facts, that address
future exploration drilling, exploration activities and events or
developments that the Company expects, are forward looking
statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include exploitation and exploration
successes, continued availability of financing, and general
economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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