Exhibit 99.2
December 2, 2010 | Symbol: BER (TSX.V) |
Elephant Butte, New Mexico | |
BE Resources Inc. Exploration Drilling Program Reports Assay Results from the First and Second | |
Holes Completed at the Warm Springs Site |
Exploration Project Highlights:
- The first drill hole (Location DH5) was completed to a depth of 1,000 feet
- Five foot interval samples were submitted to ALS Mineral for Assay
- BH5 has intersected a beryllium mineralized zone in excess of 100 feet in thickness
- Maximum grades in the mineralized zone of DH5 exceed 1% as BeO
- Assay of samples from the second drill hole (DH4) did not detect BeO values above 0.003%
“We are very pleased that the results from our first drill hole DH5 confirm the drilling results obtained by the U.S. Bureau of Mines in the 1960’s which are referred to in our technical report dated June 5, 2009”, said David Tognoni, President & CEO.
Assay values for the beryllium mineralized zone of DH5 are reported in the table below.
Assay Results from DH5
Borehole 5 Interval ID | Depth of Sample (feet) | Reported as Be % | Reported as BeO % |
DH5 50-55 | 50-55 | 0.003 | 0.00834 |
DH5 55-60 | 55-60 | 0.032 | 0.0889 |
DH5 60-65 | 60-65 | 0.014 | 0.0389 |
DH5 65-70 | 65-70 | 0.009 | 0.0250 |
DH5 70-75 | 70-75 | 0.011 | 0.0306 |
DH5 75-80 | 75-80 | 0.186 | 0.517 |
DH5 80-85 | 80-85 | 0.252 | 0.701 |
DH5 85-90 | 85-90 | 0.028 | 0.0778 |
DH5 90-95 | 90-95 | 0.117 | 0.325 |
DH5 95-100 | 95-100 | 0.220 | 0.612 |
DH5 100-105 | 100-105 | 0.022 | 0.0612 |
DH5 105-110 | 105-110 | 0.019 | 0.0528 |
DH5 110-115 | 110-115 | 0.028 | 0.0778 |
DH5 115-120 | 115-120 | 0.088 | 0.245 |
DH5 120-125 | 120-125 | 0.028 | 0.0778 |
DH5 125-130 | 125-130 | 0.032 | 0.0900 |
DH5 130-135 | 130-135 | 0.033 | 0.0917 |
DH5 135-140 | 135-140 | 0.297 | 0.826 |
DH5 140-145 | 140-145 | 0.361 | 1.004 |
DH5 145-150 | 145-150 | 0.098 | 0.272 |
DH5 150-155 | 150-155 | 0.005 | 0.0139 |
True widths have not yet been determined.
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 weather-proof and locked for security. The photographs of the core are uniquely labeled 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 transported to HydroCut, Inc. located in Belen, New Mexico. The core is cut using the waterjet cutting system which cuts the core without heat. There is therefore no heat affected zone from the cutting process. After the cutting process, 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% 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% 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 atwww.sedar.com on July 2, 2009.
About BE Resources Inc.
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. For more information please visit BE’s website atwww.beresources.com.
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.
For further information please contact:
Jason Monaco | Eric Balog | David Tognoni |
First Canadian Capital Corp. | First Canadian Capital Corp. | President & CEO, BE |
Tel: 416-742-5600 | Tel: 416-742-5600 | Resources Inc. |
Fax: 416-742-6410 | Fax: 416-742-6410 | Tel: 575-744-4014 |
Email: | Email: | Fax: 575-744-5801 |
jmonaco@firstcanadiancapital.com | ebalog@firstcanadiancapital.com | Email: dqtognoni@gmail.com |
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.