IBC Advanced Alloys Provides
2011 Utah Drill Program Update
Drill Program to Quantify Upstream Beryllium Assets
in Juab County, Utah
VANCOUVER, BC - February 7, 2012 - IBC Advanced Alloys Corp. (TSX-V: IB OTCQX: IAALF) ("IBC" or the "Company") is pleased to provide a progress report from its 2011 exploration program on the Company's Juab County, Utah properties.
The program consisted of 35 reverse circulation 60 degree inclined holes on 100 metre spacing on the Company's 371 claims adjacent to Materion's Spor Mountain beryllium mine. Field personnel currently are completing the logging and processing of the more than 100 tonnes (115 short tons) of samples recovered from the drilling operations. ALS-Minerals has been selected to provide geochemical analyses and quantitative beryllium analysis of the approximate 5,000 samples generated by the 2011 exploration program.
More than 750 samples from four of the exploration drill holes have been submitted to the laboratory for analysis with preliminary results expected in the near term. The Company expects to complete processing of drill samples and receive analysis of all samples by the end of May 2012. Microscopic examination of drill cuttings has shown that several of the drill holes encountered the Bell Hill Dolomite as well as large quantities of lavender-coloured fluorite that is usually associated with beryllium mineralization in this area.
Lee Rice, Vice President of Exploration for IBC stated, "The drilling program progressed very smoothly with good to excellent sample recovery thanks to the Layne Christensen Company drillers and equipment. Our initial examination of drill hole samples indicates that we have tested the complete suite of rocks in this depositional environment and that our hypothesis of deposition from hot ascending fluids rather than from descending meteoric waters appears to be confirmed."
About the property:
The Juab County property consists of 371 claims (approximately 7,630 acres) immediately adjacent to Materion Corporation's open-pit beryllium mining operations on Spor Mountain that have been in production since 1969. The 2011 exploration program consisted of 35 reverse circulation 60° inclined drill holes on 100-metre spacing along a line perpendicular to the prevailing northeast-trending fracture patterns in the metasedimentary and volcaniclastic rocks of the Fish Springs valley and completely traversing the Company's southern claim block. All drill holes reached a depth of 150 metres (492 feet) to test the concentration of beryllium ore minerals within economic open pit mining depths in both the valley fill tuff and volcaniclastic rocks as well as the underlying Bell Hill Dolomite metasedimentary unit which is unexposed in the area of the Company's claim blocks.
