IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF) reported assay results from 22 drill holes at its 5,265 metre drilling program on its Juab County, Utah properties.
As quoted in the press release:
The results to date have not encountered ore-grade Be mineralization. The average of all returned samples shows anomalous Be content approximately 5.6 times the concentration in average crustal rocks, but no interval with ore-grade Be content (1,700 times average crustal abundance). Drill holes IBC11-05, IBC11-08, IBC11-11, IBC11-17, and IBC11-24 showed the highest Be intercepts, but appear to show poor continuity of high Be zones.
IBC President and CEO Anthony Dutton said:
Although we are still awaiting final lab results for several additional holes in the target zone, we felt that it was important to release these results prior to the end of July as promised. If the results from the remaining drill holes are material, we will announce them as soon as they become available. As a part of IBC’s ongoing upstream initiatives, the Company is examining its current strategy and various exploration options within its 371 Juab County claims, as well as other third party alternatives in North America.