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BER BE Resources Inc.

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BE Resources Inc. TSXV:BER TSX Venture Common Stock
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BE Resources Expands Beryllium Zone and Adds Rare Earth Element Potential to Warm Springs Project in New Mexico

29/03/2011 12:00pm

Marketwired Canada


BE Resources Inc. (TSX VENTURE:BER) ("BE" or the "Company") announces that it
has encountered positive results for beryllium mineralization from the ongoing
drilling program at its Warm Springs Beryllium Project. In addition to the
beryllium values now documented to extend over 100 feet of vertical section,
assaying for rare earth elements (REE) has returned anomalous values for several
of the Heavy Rare Earth Elements, particularly Europium, Gadolinium, Thulium and
Lutetium. 


To date, six of the 12 holes are complete with assay results received for the
first two (DH10 and DH11), two more (DH12 and DH14) are with the assay lab and
the next two (DH16 and DH17) will be sent for assay today. A seventh hole (DH15)
is presently being drilled.


Drillhole DH10 encountered over 55 feet of beryllium mineralization with a
maximum grade exceeding 0.5 percent beryllium as beryllium oxide (BeO). These
results conform to those found by the U.S. Bureau of Mines in the 1960's. 


"We are pleased that our drilling program continues to yield positive results,"
said David Tognoni, President and CEO of BE Resources. "Our drilling program and
assaying process are ongoing and we expect to report further results over the
coming weeks."


Assay values for the beryllium-mineralized zone of DH10 are reported in the
table below.




----------------------------------------------------------------------------
Interval (feet)                       Be ppm            Be %           BeO %
----------------------------------------------------------------------------
DH10 82-87                               668          0.0668           0.186
----------------------------------------------------------------------------
DH10 90-95                 greater than 1000            0.19           0.528
----------------------------------------------------------------------------
DH10 95-100                greater than 1000            0.24           0.667
----------------------------------------------------------------------------
DH10 100-105               greater than 1000            0.13           0.361
----------------------------------------------------------------------------
DH10 105-110                             450           0.045           0.125
----------------------------------------------------------------------------
DH10 110-115               greater than 1000            0.14           0.389
----------------------------------------------------------------------------
DH10 115-120                             667          0.0667           0.185
----------------------------------------------------------------------------
DH10 120-125                           159.5          0.0159           0.044
----------------------------------------------------------------------------
DH10 125-130                              77          0.0077           0.021
----------------------------------------------------------------------------
DH10 130-135                             491          0.0491           0.136
----------------------------------------------------------------------------
DH10 135-140                             131          0.0131           0.036
----------------------------------------------------------------------------
True widths have not yet been determined.                                   



Although at DH11 assays of samples did not detect notable BE values, anomalous
amounts of rare earth elements were discovered, particularly several of the
Heavy Rare Earth Elements, such as Europium, Gadolinium, Thulium and Lutetium. 


"Given the current price environment for rare earth elements, this could be a
significant addition to the existing mineralization at the Warm Springs
Project," said Dr. Stewart Jackson, consulting geologist on the assay results.


A complete evaluation of the REE potential will be undertaken in conjunction
with the program designed to determine the distribution of Beryllium
mineralization within a broad and thick stratigraphically controlled
volcanic-hosted target.


The Company has implemented the following quality assurance/quality control
(QA/QC) procedures for the Warm Springs exploration project: 


All recovered core is carefully logged by four field engineers/geologists
working in shifts. The core is maintained at the drilling location under the
supervision of a field engineer/geologist. All core is photographed and logged
before transfer to the on-site storage unit. This unit is weatherproof and
locked for security. The photographs of the core are uniquely labelled and
stored on a laptop computer and memory card. The photographs are transferred to
the project office where they are reviewed by the project manager and
transferred to the project-specific database. The field engineers/geologists and
the project manager are employees of AMEC Earth and Environmental, Inc. At the
completion of each borehole, the core is cut with an air chisel, as most of the
core is soft clays and altered soft volcanics. After the core is sampled, the
remaining core is returned to the secure storage for long-term storage and a
sample is sent to ALS Minerals, an independent lab, for assay.


ALS Minerals Qualifications and QA/QC 

The Company has 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 has 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 are implemented.


All samples received at ALS undergo the following sample preparation in
accordance with ALS Sample Preparation Package - PREP-31 Standard Sample
Preparation. Sample preparation is the most critical step in the entire
laboratory operation. The purpose of preparation is to produce a homogeneous
analytical subsample that is fully representative of the material submitted to
the laboratory. The sample is logged in the tracking system, weighed, dried and
finely crushed to better than 70 percent passing a 2 mm (Tyler 9 mesh, US Std.
No.10) screen. A split of up to 250 g is taken and pulverized to better than 85
percent 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 is digested in a
mixture of nitric, perchloric and hydrofluoric acids. Perchloric acid is added
to assist oxidation of the sample and to reduce the possibility of mechanical
loss of sample as the solution is evaporated to moist salts. Elements are
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.


Qualified Person 

David Tognoni, PE, President & CEO of the Company, 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
shipping of samples by AMEC personnel.


About BE Resources Inc. and Beryllium 

BE Resources Inc. is a junior mineral exploration company focused on advancing
the exploration and development of its Warm Springs Beryllium project in New
Mexico. BE Resources' target mineral is beryllium, a metal that has been
identified as having significant lightness, strength and temperature resistance
qualities and is a valuable component used in the aerospace and defence
industries. 


Alloys are the most common form of beryllium product, accounting for an
estimated 75 percent of US consumption. In the US, ceramics (15 percent)
incorporating beryllium oxides, also known as beryllia, are the next most
important form of beryllium followed by metal (10 percent). Electronic and
electrical components, aerospace and defense applications account for around 80
percent of US consumption according to industry analyst Roskill Mineral
Services.


Beryllium prices are usually determined on a negotiated basis between producers
and end-users with small quantities of highly pure metal (greater than 99
percent pure) traded on the Shanghai Metals Market. Recent prices posted for
beryllium were between 5,500 - 6,000 RMB/Kg, the equivalent of about US$135 to
US$147 per pound of beryllium oxide, or US$374 to US$408 per pound of beryllium.



Cautionary Statements 

Certain statements contained in this news release may contain forward-looking
information within the meaning of United States and Canadian securities laws.
Such forward-looking information is identified by words such as "estimates",
"intends", "plans", "expects", "believes", "may", and "will". There is no
assurance that we will ever be able to define a Beryllium or REE resource. We
are at an early stage of exploration. Reference is made to the risk factors
contained in the Company's annual report on Form 10-K for the year ended
December 31, 2009. Most of these factors are outside the control of the Company.
Investors are cautioned not to put undue reliance on forward-looking
information. Except as otherwise required by applicable securities statutes or
regulation, the Company expressly disclaims any intent or obligation to update
publicly forward-looking information, whether as a result of new information,
future events or otherwise.


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