BE Resources Inc. Releases Corrected Rare Earth Assay Results from Drilling Program at the Warm Springs Beryllium & Rare Eart...
July 27 2011 - 11:56AM
Marketwired
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.
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
P.O. Box 684 Elephant Butte, New Mexico 87935 Tel: 575-744-4014
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