VANCOUVER, BC – June 16, 2008 – International Beryllium Corporation (TSX.V:IB) (“IB”) is pleased to announce that it has completed staking of 517 mineral claims in the Lake George area of Colorado, a well known zone of beryllium mineralization that also includes the Boomer mine owned by IB. The staked area is approximately 10,585 acres (4,284 ha) and includes the former beryllium producing areas of China Wall, Redskin Gulch and other former producing claims and workings.
Studies conducted by the U.S. Geological Survey and by the U.S. Bureau of Mines in the 1960s confirmed the extent and grades of the beryllium deposits in this area. Geochemical studies reported in U.S. Geological Survey Circular 597 showed the widespread beryllium mineralization in the area. Mineralogical properties and geologic characteristics of the beryllium deposits in the area are detailed in U.S. Geological Survey Professional Paper 400B and in 608A and 608B, while U.S. Bureau of Mines Report of Investigations 6828 describes individual deposits as well as the exploration programs and production.
“This area of Colorado has been extensively studied by impartial U.S. Governmental agencies, as well as by private and corporate concerns, which have confirmed the presence of beryllium mineralization. Additionally, the area is home to the Boomer Mine, recently acquired by IB, and which was historically the second largest beryllium mine in the U.S. during the early 1960s.” stated Lindsey Maness, IB’s Vice President of Exploration. “Further geochemical, geophysical and field geological investigations will be used to identify and delineate any additional ore zones that may be suitable for mining and to incorporate our findings into a thorough resource estimate for the entire Lake George area.”
“We are very pleased to have secured such a large and potentially valuable claim area so close to a known historical beryllium operation,” said Anthony Dutton, CEO and President of IB. “Such opportunities do not present themselves often and we are very excited to have successfully completed our claim program in such a well known area of beryllium mineralization. These claims will complement nicely our growing portfolio of beryllium properties and beryllium mineral claims and form an important component of our growth strategy going forward.”
About International Beryllium Corporation
International Beryllium Corporation is a global exploration and manufacturing company focused on beryllium, beryllium oxides and beryllium master alloys. Beryllium and related alloys are used in a broad range of specialized industrial applications such as nuclear power, defence, electronics, specialty ceramics and automotive. International Beryllium’s common shares are traded on the TSX Venture Exchange under the symbol IB.
This news release was prepared by management of IB, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. There can be no assurance that the proposed acquisition will be completed as described, or at all.
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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