VANCOUVER, BC – August 10, 2010 – IBC Advanced Alloys Corp. (TSX-V: IB) (“IBC” or the “Company”) an integrated manufacturer of advanced nonferrous and beryllium alloys, and the owner of beryllium properties in Colorado and Utah, announced today that Fugro Airborne Survey (“Fugro”) has completed the airborne geophysical data collection portion of its contract regarding IBC’s beryllium claims and the surrounding area in Juab County, Utah.
The survey area covered 72,380 hectares (178,850 acres) in 271 flight lines totalling 7,495 line kilometres (4,657 line miles) of total magnetic intensity and 256-channel radiometric data recording. Flights were carried out at an average height above terrain of 157 metres (515 feet).
A total of 1,060,172 total magnetic intensity readings were recorded and 106,262 sets of 256-channel gamma ray energies were compiled. The next phase of the survey will be to adjust all data readings to compensate for differences that occurred during the period of data collection in temperature, humidity, barometric pressure and height above terrain, as well as diurnal variations in the earth’s magnetic field and cosmic ray additions to the ground-based gamma ray energies recorded.
“We are very pleased with the results of the airborne survey,” said Lee Rice, an IBC director and geological consultant to the Company. “The data quality and integrity is excellent and will greatly assist IBC in geologically mapping the area and structures and develop a more precise and effective drilling program.”
Once this data processing task is completed by Fugro, the entire dataset will be turned over to the Company where geological and geophysical consultants will begin an analysis to determine the structure, rock types, and mineralization characteristics that comprise the study area. The results of this analysis will help direct further exploration efforts whose ultimate goal is to quantify the locations, extent, and tenor of beryllium mineralization within the area.
A preliminary examination of the collected data indicates that an excellent dataset has been acquired. The data show very good contrast in the radiometric soil and rock characterization, readily differentiating individual phases in the otherwise uniform-appearing volcanic ash deposits that blanket the area. The magnetic data reveal a number of northeast-trending regional faults not previously mapped and what appears to be part of a caldera ring wall feature. It is believed that these data will provide valuable insight into the deposition of beryllium minerals in this area.
About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania, Indiana, Massachusetts and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC’s common shares are traded on the TSX Venture Exchange under the symbol “IB”. See IBC on Facebook.
This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither 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.
Legal Notice Regarding Forward Looking Statements
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing operations and mineral exploration, therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.
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