BE Resources Inc. Releases Corrected Rare Earth Assay Results from Drilling Program at the Warm Springs Beryllium & Rare Eart...
27 Juillet 2011 - 6:56PM
Marketwired Canada
BE Resources Inc. (the "Company") (TSX VENTURE:BER) announces that as a result
of errors of a typographical nature found in the table of rare earth assay
results set out in its news release of July 25, 2011, none of which are material
or affect the TREO values, the Company is issuing this further news release to
set out the corrected numbers.
The Company also clarified that the amounts in the table and accompanying notes
set out in the Company's news release of July 25, 2011, as corrected below, were
calculated by Gerald A. Harron P. Eng. of G.A. Harron & Associates Inc., a
qualified person under National Instrument 43-101 who is independent of the
Company.
Rare earth element assay results for four drill holes initially announced on
July 22, 2011 (DH1, DH2, DH3 and DH19) are set out in the following table.
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Drill From To (ft) Interval LREO(2)% HREO(3)% TREO(4)%
Hole No. (ft) (ft)
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DH1 765 788 23 82.50 17.50 0.69
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DH2 843 878 35 82.89 17.11 1.56
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DH3 620 678 58 81.84 18.16 0.91
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DH3 1157 1255 98 60.31 39.69 1.95
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DH3 1265 1297.5 32.5 67.14 32.86 1.89
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DH3 1306.5 1564 257.5 75.51 24.49 0.26
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DH3 1582 1736 154 75.22 24.78 0.78
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DH19 194 295 101 61.46 38.54 0.97
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DH19 468 474 6 76.67 23.33 0.09
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Notes:
1. Measurement is Imperial
2. LREO includes light rare earth elements (Cerium, Europium, Lanthanum,
Neodymium, Praseodymium, Samarium) as oxides. LREO% = LREO%/TREO%. Cerium
oxide, Lanthanum oxide and Neodymium oxide represent approximately 90% of
the reported values.
3. HREO includes heavy rare earth elements (Gadolinium, Terbium, Dysprosium,
Holmium, Erbium, Thulium, Ytterbium, Lutetium, Yttrium) as oxides. HREO% =
HREO%/TREO%. Yttrium oxide, Lutetium oxide, Dysprosium oxide, Gadolinium
oxide and Ytterbium oxide represent approximately 93% of the reported
values.
4. TREO means total rare earth oxides and includes all LREO and HREO. Full
assay results are available on the Company's website at www.beresources.com.
True widths have not yet been determined in respect of the above results.
The Company is in the process of examining these results more closely with a
view to determining next steps. The Company believes that the above rare earth
results indicate that additional drilling is warranted to more fully understand
the rare earth mineralization. The ability of the Company to conduct further
drilling is subject to financing and compliance with permit requirements.
Reference is made to the Company's news release of July 25, 2011 for the quality
assurance/quality control (QA/QC) procedures for its Warm Springs project.
Gerald A. Harron P. Eng. of G.A. Harron & Associates Inc. is the qualified
person under National Instrument 43-101 responsible for the calculations of all
amounts set out in the table and accompanying notes set out in this news
release. David Tognoni, PE, the Company's President & CEO, is the qualified
person under National Instrument 43-101 for the project and is responsible for
verification of the data and the balance 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 news 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 "believes" and
"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.
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