Project Highlights "¢ U3O8 Content "“ 20 sample program has produced U3O8 values ranging from 198.5 and 9700 ppm, with average U3O8 content of 0.39% (05/2006) "¢ Unconformity "“ Documented geological unconformity. "¢ Bedrock Source "“ Radioactive boulder field traced to a bedrock source within claim boundaries. "¢ Exploration Targets "“ Multiple radioactive and magnetic targets identified by interpretation of preliminary airborne survey. "¢ Infrastructure "“ Extensive pre existing network of logging roads, access routes and power supply. "¢ Accessibility "“ Adjacent to Trans Canada Highway and related transportation routes. "¢ Proximity "“ Near to economic centres, readily available labour forces, industrial, transportation and sustainable infrastructure. Overview Lost Pond is Ucore s largest Newfoundland holding, located near the province s west coast. The property is comprised of 1646 contiguous claims, spanning a territory in excess of 400 square kilometers. Lost Pond covers the southern portion of the Deer Lake Basin, an area that features a documented unconformity contact between the sedimentary rocks of the basin and the localized granites. This configuration is an established characteristic of potential uranium genesis and placement. The property is highly accessible. Situated just 50 kilometers east of Stephenville, Lost Pond is within proximity to the province s west coast economic centre at Corner Brook. The Trans Canada Highway and existing power lines run through the property, as well as an extensive network of logging roads and pre existing access routes. The Lost Pond area features a geological setting permissive to the hosting of uranium deposits. An extensive boulder field with radioactive content has been traced to a bedrock source within the project s claim boundary, and Ucore is in the process of advancing the exploration of this source. History Shell Canada Resources In 1980/81, an area of high radioactive signature was discovered at Lost Pond, Newfoundland, by Shell Canada Resources (Shell). The discovery resulted from ground follow up the anomalous results of an airborne radiometric survey commissioned by Shell. The company s exploration focus at the time was primarily centred on Western Newfoundland s potential for stratabound uranium mineralization. At the time, Shell compiled substantial data on a small portion of the property, and successfully located hundreds of uraniferous, radioactive boulders, on surface. Detailed prospecting of a limited area subsequently traced the boulders to a localized bedrock source. Several highly radioactive bedrock occurrences were also noted, in addition to scintillometer total radioactivity readings to 40,000 counts per second. Shortly thereafter, the uranium price entered a period of protracted decline, and Shell, in response to the market at large, withdrew from active uranium exploration. Shell s assessment reports contained scintillometer counts, but no uranium assays. As a result, the digitized mineral occurrence database maintained by the Newfoundland Department of Mines and Energy (NDME) did not show the area as a uranium occurrence.
Ucore Rare Metals is Vancouver-based company (British Columbia, Canada) with a phone number 6044641447. Our data show that the company is located at the address: 377 Burrard St Ste 720. The company has a web site: ucoreuranium.com.
Unfortunately сompany staff has not yet provided of company's activities, mission and detailed description.