BE Resources Inc. Announces Remaining Assay Results from Drilling Program at the Warm Springs Beryllium & Rare Earth Project
July 22 2011 - 8:00AM
Marketwired
BE Resources Inc. (TSX VENTURE: BER) (the "Company") announces the
remaining assay results from its drilling program to date at its
Warm Springs project in New Mexico. This news release taken
together with the news releases of December 2, 2010, March 29, 2011
and April 26, 2011, disclose the results of all drilling completed
by the Company to date at the Warm Springs project, which commenced
in September 2010.
Of the holes drilled to date, DH5 and DH10 are the most
encouraging in terms of beryllium. As previously announced, the
Company intersected a beryllium-mineralized zone in DH5 in excess
of 100 feet in thickness with a maximum grade exceeding one percent
beryllium oxide and over 55 feet of beryllium mineralization in
DH10 with a maximum grade exceeding 0.5 percent beryllium
oxide.
Rare earth element assay results for four drill holes not yet
announced (DH1, DH2, DH3 and DH19) are set out in the following
table.
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Drill Hole Interval
No. From (ft) To (ft) (ft) LREO(2) % HREO(3) % TREO(4) %
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DH1 765 778 23 77.06 22.94 8.85
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DH2 870 878 8 74.16 25.84 10.34
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DH3 620 678 58 81.84 18.16 9.12
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DH3 1157 1255 98 60.31 39.69 19.58
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DH3 1265 1297.5 32.5 67.14 32.86 1.89
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DH3 1306.5 1564 242 75.51 24.49 0.26
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DH3 1582 1736 154 75.22 24.78 7.80
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DH19 194 295 101 64.91 35.09 15.04
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DH19 468 474 6 73.29 26.71 1.2
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Notes:
1. Measurement is Imperial
2. LREO includes light rare earth elements (Cerium, Europium, Lanthanum,
Neodymium, Praseodymium, Samarium) as oxides
3. HREO includes heavy rare earth elements (Gadolinium, Terbium, Dysprosium,
Holmium, Erbium, Thulium, Ytterbium, Lutetium, Yttrium) as oxides
4. TREO means total rare earth oxides
True widths have not yet been determined in respect of the above
results.
The assay results of the four drill holes reported on in this
news release indicate that LREO constitute two thirds to three
quarters of the TREOs.
The Company is in the process of examining these results more
closely with a view to determining next steps. Three diamond drill
holes (DH1, DH2 and DH3) were drilled on the periphery of a 1/2
mile diameter circular structure for rare earth mineralization, and
DH19 was drilled on the main beryllium zone. The above rare earth
results indicate that additional drilling is warranted to more
fully understand the rare earth deposit associated with the
structure, and to further investigate rare earth concentrations
around DH19. The ability of the Company to conduct further drilling
is subject to financing and compliance with permit
requirements.
The Company implemented the following quality assurance/quality
control (QA/QC) procedures for its Warm Springs project.
All recovered core was carefully logged by four field
engineers/geologists working in shifts. The core was maintained at
the drilling location under the supervision of a field
engineer/geologist. All core was photographed and logged before
transfer to the on-site storage unit. This unit was weather-proof
and locked for security. The photographs of the core were uniquely
labeled and stored on a laptop computer and memory card. The
photographs were transferred to the project office where they were
reviewed by the project manager and transferred to the
project-specific database. The field engineers/geologists and the
project manager were employees of AMEC Earth and Environmental,
Inc. At the completion of each borehole the core was transported to
HydroCut, Inc. located in Belen, New Mexico. The core was cut using
the waterjet cutting system which cut the core without heat. There
was therefore no heat affected zone from the cutting process. After
the cutting process, the remaining core was returned to the secure
storage for long term storage and a sample was sent to ALS
Minerals, an independent lab, for assay.
ALS Minerals Qualifications and QA/QC
The Company selected ALS Minerals (ALS) to perform sample
preparation (in Reno, Nevada) and assay work (in Vancouver, British
Columbia). ALS maintains ISO 9001:2008 and ISO/IEC 17025:2005
certifications, provides all internal quality control data, and
maintains a library of detailed laboratory analytical methods
required as the necessary documentation for NI 43-101 Technical
Reporting. The ALS Quality Management System (QMS) complies with
the requirements of International Standards ISO 9001:2008. ALS
implemented the following quality assurance/quality control (QA/QC)
procedures for the Warm Springs exploration project sample handling
and management, and laboratory procedure and test methods
implemented.
All samples received at ALS underwent the following sample
preparation in accordance with ALS Sample Preparation Package -
PREP-31 Standard Sample Preparation. Sample preparation was the
most critical step in the entire laboratory operation. The purpose
of preparation was to produce a homogeneous analytical subsample
that was fully representative of the material submitted to the
laboratory. The sample was logged in the tracking system, weighed,
dried and finely crushed to better than 70% passing a 2 mm (Tyler 9
mesh, US Std. No.10) screen. A split of up to 250 g was taken and
pulverized to better than 85% passing a 75 micron (Tyler 200 mesh,
US Std. No. 200) screen.
At ALS, Geochemical Procedure - ME-ICP61a, Evaluation of High
Grade Materials Using Conventional ICP - AES Analysis Sample
Decomposition was implemented for all of the Company's samples
undergoing analysis. The sample was digested in a mixture of
nitric, perchloric and hydrofluoric acids. Perchloric acid was
added to assist oxidation of the sample and to reduce the
possibility of mechanical loss of sample as the solution was
evaporated to moist salts. Elements were determined by inductively
coupled plasma - atomic emission spectroscopy (ICP - AES).
A summary of the geology is reported in the Company's 2009 NI
43-101 compliant technical report titled "Technical Report on the
Warm Springs Beryllium Property, Socorro County, New Mexico USA"
dated June 5, 2009 and filed on SEDAR at www.sedar.com on July 2,
2009.
David Tognoni, PE, the Company's President & CEO, is the
Qualified Person as defined under National Instrument 43-101 for
the project and is responsible for verification of the data and the
contents of this news release. David Tognoni has supervised all
aspects of the project including drilling, core sampling and the
shipping of samples by personnel from AMEC Earth and Environmental,
Inc.
Disclaimer
This new release contains "forward looking information" (as
defined in applicable securities legislation) that is based on
expectations, estimates and projections as of this date. Examples
of forward looking information can be identified by the use of
forward looking words such as "encouraging" or "warranted". Forward
looking information, by its nature, requires us to make assumptions
and is subject to significant risks and uncertainties which may
give rise to the possibility that our expectations or conclusions
will not prove to be accurate and that the assumptions may not be
correct. These factors, many of which are beyond our control,
include financing risks and business and economic conditions
generally. Additional information about these and other factors are
located in reports filed with Canadian securities regulators,
including the Company's annual report on Form 10-K for the year
ended December 31, 2010. We have no intention to update this
forward looking information, except as required by applicable
securities laws. This forward looking information should not be
relied upon as representing our views as of any date subsequent to
this date.
Neither the 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.
Contacts: BE Resources Inc. David Tognoni President & CEO
575-744-4014
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