Welcome!

News Feed Item

BE Resources Options LaFlamme Graphite Property

TORONTO, ONTARIO -- (Marketwired) -- 01/22/14 -- BE Resources Inc. (TSX VENTURE: BER) ("BE" or the " Company") has, through its 100% wholly owned Canadian subsidiary, 8716650 Canada Limited, optioned a 100% interest, in the LaFlamme graphite property, subject to a 3% NSR. The property was optioned for $20,000 and 200,000 common shares.

Location

The LaFlamme property is located in the Abitibi area of Quebec in Bernetz Township. The closest town (Lebel-sur-Quevilion) is about 35 km to the east. Access to the property is via Hwy 397 that travels from Amos to Lebel-sur-Quevilion.

Local and Regional Geology

The north part of the property is underlain by wacke and mudrock of the Glandelet Formation and the south part by basalts, andesites and amphibolites of the Desboues formation. About 500 meters south of the property the volcanic rocks are in contact with gneissic tonalitic rocks of the Bernetz Intrusion.

All rocks on the property are of Archean age. The contact between the Glandelet sediments and the Desboues volcanics appears to have been displaced by north to northeast trending faults.

Regional Mineralization

Two advanced gold projects are located in the vicinity of the LaFlamme property.

The Sleeping Giant Mine is located about 30 km northwest of the LaFlamme property and has historical production of in excess of 1 million ounces of gold.

The Osbell gold deposit is located about 30 km northeast of the LaFlamme property and has 43-101 classified reserves of 8.1 million tonnes at a grade of 4.6 grams/tonne.

Past Work and History of the Property

The only recorded work done on the property was by Hudson's Bay Exploration and Development in the late 1950's and early 1960's (GM11419A). It consisted of an airborne EM and Magnetic survey followed by ground follow-up EM. Conductive zones were then drilled.

The property was re-flown with an airborne Magnetic and Electromagnetic survey in 2008 by Xstrata Zinc and Virginia Gold (GSC Open File 5970). However, we believe no follow-up work was performed in the area due to the onset of the changing economic conditions.

Mineralization on the Property

The work by Hudson's Bay detected numerous conductive zones crossing the property, at least two of which were tested by diamond drilling. The following is a summary of significant mineralization from the diamond drill logs:


Hole BR-3: 149.3-184.3 feet, Quartz feldspar porphyry with pyrite
mineralization and quartz veining (possible gold target).
Hole BR-4: 148.8-175.8 feet, Graphitic schist, well mineralized with
graphite.
Hole BR-5: 225.1-271.3 feet, Graphitic shear zone and banded graphitic
sediments.
Hole BR-6: 123.7-164.1 feet, Banded graphite schist, massive in places.
Hole BR-7: 138.1-150 feet, Banded schist, graphitic bands and seams.
Hole BR-8: 121.7-223 feet, Massive graphitic zone, banded sections.
Hole BR-9: 34-189.3 feet, Sediments with very narrow graphitic seams.
Hole BR-10: 457.8-475.4 feet, Graphitic sediments, medium to strongly
graphitic in parts.

Additionally, BE Resources continues to engage in discussions with multiple third parties for mine development projects as well as advanced stage exploration projects.

Mr. Claude P. Larouche, Ing. (OIQ, Quebec), has approved the technical data presented in the news release. Mr. Larouche is an independent consultant for BE Resources Inc. and acts as the Qualified Person under National Instrument NI-43-101.

For additional information, please refer to the BE Resources website at www.beresources.ca.

Cautionary Statements

Certain statements contained in this news release may contain forward-looking information within the meaning of United States and Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "plans", "expects", "believes", "may" and "will" and include, without limitation, statements regarding the undertaking of a comprehensive review of the overall strategy, assets and operations of the Company. Investors are cautioned not to put undue reliance on forward-looking information

Neither the 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.

To view the images associated with this release, please visit the following link: http://media3.marketwire.com/docs/923619i.pdf

Contacts:
BE Resources Inc.
Carmelo Marrelli
Chief Financial Officer
(416) 361-0737
www.beresources.ca

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
While presenting own advanced Robo-Advisory Platform, Michał Różański, Managing Partner at EARP and CEO at Empirica, will illustrate the most important issues of building tailored FinTech software in his session at 20th Cloud Expo. He will share experiences we have gained for over 6 years of developing solutions for financial institutions and FinTech companies, including robo-advisors. We welcome all FinTech innovators interested in how properly implemented technology can move their businesses f...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo Silicon Valley Call for Papers is now open.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and valu...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that Tintri, Inc, a leading provider of enterprise cloud infrastructure, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Tintri offers an enterprise cloud platform built with public cloud-like web services and RESTful APIs. Organizations use Tintri all-flash storage with scale-out and automation as a foundation for their own clouds – to build agile development environments...
SYS-CON Events announced today that DivvyCloud will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in rea...
SYS-CON Events announced today that Carbonite will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.