|By Marketwired .||
|January 22, 2014 08:04 PM EST||
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.
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.
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.
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
BE Resources Inc.
Chief Financial Officer
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Jul. 27, 2016 01:45 PM EDT Reads: 419
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Jul. 27, 2016 01:30 PM EDT Reads: 243
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Jul. 27, 2016 01:00 PM EDT Reads: 1,185
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Jul. 27, 2016 12:15 PM EDT Reads: 833
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
Jul. 27, 2016 12:00 PM EDT Reads: 844
The competitive landscape of the global cloud computing market in the healthcare industry is crowded due to the presence of a large number of players. The large number of participants has led to the fragmented nature of the market. Some of the major players operating in the global cloud computing market in the healthcare industry are Cisco Systems Inc., Carestream Health Inc., Carecloud Corp., AGFA Healthcare, IBM Corp., Cleardata Networks, Merge Healthcare Inc., Microsoft Corp., Intel Corp., an...
Jul. 27, 2016 12:00 PM EDT Reads: 1,034
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 27, 2016 11:45 AM EDT Reads: 1,755
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
Jul. 27, 2016 11:35 AM EDT Reads: 134
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Jul. 27, 2016 11:15 AM EDT Reads: 893
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
Jul. 27, 2016 11:00 AM EDT Reads: 1,228
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Jul. 27, 2016 11:00 AM EDT Reads: 698
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Jul. 27, 2016 10:45 AM EDT Reads: 618
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Jul. 27, 2016 10:30 AM EDT Reads: 1,222
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
Jul. 27, 2016 10:30 AM EDT Reads: 1,064
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Jul. 27, 2016 10:00 AM EDT Reads: 1,736