IBC Advanced Alloys (CVE: IB) said Wednesday it has identified several high priority target zones at its beryllium claims in Juab County, Utah, following an airborne survey completed last year.
IBC and a team of experts have been working to develop a new, more efficient nuclear fuel, enhanced with beryllium, for the nuclear industry. The company is hoping that its Juab County claims will provide a source of beryllium for this new technology.
The newly identified targets will be the subject of additional drill work in 2011 to quantify the company's upstream resource base.
The airborne survey, which covered IBC's beryllium mineral claims and adjacent areas for a total of 72,380 hectares, revealed four northeast-trending fracture zones extending from previously mined areas on Spor Mountain, the world's largest beryllium mine, to the southwest into IBC's claim block.
"These fracture zones may have been the source as well as the locus of the ore deposits on Spor Mountain," said the company in a statement.
The intercept lengths of these fracture zones, on IBC's claims, are 930 m, 1,740 m, 3,550 m, and 6,420 m, respectively. The company plans on executing a 30-to-50 hole drill campaign on the target areas this year.
"The property is very large and these targets reinforce our view that the property hosts multiple zones of beryllium mineralization," said IBC's consulting geologist Lee Rice.
"We have the added benefit of our claims being immediately adjacent to the world's largest beryllium mine and were therefore able to complete a detailed comparative analysis for a better understanding of the potential of the Juab County claims."
Vancouver-based IBC manufactures and distributes rare metals-based alloys and related products to the nuclear energy, automotive, telecommunications and industrial markets.