BE Resources Inc.
TSX VENTURE : BER

BE Resources Inc.

July 25, 2011 15:35 ET

BE Resources Inc. Releases Corrected Rare Earth Assay Results from Drilling Program at the Warm Springs Beryllium & Rare Earth Project

TORONTO, ONTARIO--(Marketwire - July 25, 2011) - BE Resources Inc. (TSX VENTURE:BER) (the "Company") announces that it is re-releasing rare earth assay results to correct the figures disseminated on Friday, July 22, 2011. The rare earth assay results set out in the Company's news release of Friday, July 22, 2011 contained mathematical errors that occurred in the process of aggregating a large volume of the assay results of fifteen individual rare earth elements into total rare earth oxides (TREO). The aggregated TREO values were calculated by an independent consulting geologist.

Rare earth element assay results for four drill holes initially announced on Friday, July 22, 2011 (DH1, DH2, DH3 and DH19) are set out in the following table.

Drill
Hole No.
From
(ft)
To
(ft)
Interval
(ft)
LREO2
%
HREO3
%
TREO4%
Previously
Reported
TREO4%
Corrected
DH1 765 778 23 82.50 40.86 8.85 0.69
DH2 843 878 35 82.89 17.11 10.34 1.56
DH3 620 678 58 81.84 18.16 9.12 0.91
DH3 1157 1255 98 60.31 39.69 19.58 1.95
DH3 1265 1297.5 32.5 67.14 32.86 1.89 1.89
DH3 1306.5 1564 242 75.51 24.49 0.26 0.26
DH3 1582 1736 154 75.22 24.78 7.80 0.78
DH19 194 295 101 61.45 38.54 15.04 0.97
DH19 468 474 6 76.67 23.33 1.2 0.09
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 being posted today on the Company's website at http://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.

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 mathematical errors reported were not caused by the raw assay data reported to the Company by ALS Minerals.

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 "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.

Contact Information

  • BE Resources Inc.
    David Tognoni
    President & CEO
    575-744-4014