Beryllium-based alloy manufacturer and distributor IBC Advanced Alloys (TSX-V: IB) on Thursday released the preliminary results of a geophysical survey completed on the company’s beryllium property in Juab County, Utah, during the summer.
Analysis of the survey data revealed several extensive northeast-trending fracture zones that previously had not been identified or mapped because of the volcanic tuffs that blanket the prospect area, the Vancouver-based company said.
The next stage of the exploration program will look to determine whether there is commercially viable beryllium mineralization in the newly discovered fracture zones at surface.
“IBC is keen to progress our Juab County exploration program and this data is an excellent platform to guide the next phase of our field exploration program. A number of new geophysical anomalies were detected during the survey, which are analogous to known areas of economic beryllium mineralization,” said president and CEO Anthony Dutton.
IBC said that the extensive fracture systems and geologic structure revealed suggests a greater amount of beryllium mineral deposition than was previously thought to exist.
Further analysis of the survey data is ongoing, and the company anticipates using the information to lay out future drill targets for the next phase of exploration work.
IBC’s alloys are used in a number of industries including nuclear energy, automotive, telecommunications, and a range of industrial applications. The company has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri and owns prospective beryllium properties in the Western US, covering approximately 9,500 hectares.
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