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BE Resources Inc V.BER.H

BE Resources Inc. is a Canada-based company. The Company was formed for the purpose of acquiring certain mineral interests and further exploring and if warranted, developing those interests. The Company is engaged in the process of repositioning its business to optimize value for shareholders.


TSXV:BER.H - Post by User

Bullboard Posts
Post by Bob_Tenon Jul 27, 2011 1:01pm
111 Views
Post# 18878841

Another News Releases correction

Another News Releases correctionIs this the last one? DH I 82.5 + 17.5 = 100 %

July 27, 2011 12:56 ET

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

TORONTO, ONTARIO--(Marketwire - July 27, 2011) - BE Resources Inc. (the "Company")(TSX VENTURE:BER) announces that as a result of errors of atypographical nature found in the table of rare earth assay results setout in its news release of July 25, 2011, none of which are material oraffect the TREO values, the Company is issuing this further news releaseto set out the corrected numbers.

The Company also clarified that the amounts in the table andaccompanying notes set out in the Company's news release of July 25,2011, as corrected below, were calculated by Gerald A. Harron P. Eng. ofG.A. Harron & Associates Inc., a qualified person under NationalInstrument 43-101 who is independent of the Company.

Rare earth element assay results for four drill holesinitially announced on July 22, 2011 (DH1, DH2, DH3 and DH19) are setout in the following table.

Drill
Hole No.
From
(ft)
To (ft) Interval
(ft)
LREO2
%
HREO3
%
TREO4
%
DH1 765 788 23 82.50 17.50 0.69
DH2 843 878 35 82.89 17.11 1.56
DH3 620 678 58 81.84 18.16 0.91
DH3 1157 1255 98 60.31 39.69 1.95
DH3 1265 1297.5 32.5 67.14 32.86 1.89
DH3 1306.5 1564 257.5 75.51 24.49 0.26
DH3 1582 1736 154 75.22 24.78 0.78
DH19 194 295 101 61.46 38.54 0.97
DH19 468 474 6 76.67 23.33 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 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 moreclosely with a view to determining next steps. The Company believesthat the above rare earth results indicate that additional drilling iswarranted to more fully understand the rare earth mineralization. Theability of the Company to conduct further drilling is subject tofinancing 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 forits Warm Springs project.

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