UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 22, 2011
BE RESOURCES INC.
(Exact name
of registrant as specified in its charter)
Colorado | 000-53811 | 42-1737182 |
(State or other jurisdiction of | (Commission File | (I.R.S. Employer |
incorporation or organization) | Number) | Identification No.) |
107 Hackney Circle
Elephant Butte, New Mexico
87935
(Address of principal executive offices) (Zip Code)
Registrants telephone number including area code: (575) 744-4014
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 | Regulation FD |
On July 22, 2011, the Company issued a press release announcing additional drilling results from the Companys Warm Springs Beryllium Project located in Soccoro County, New Mexico. A copy of the press release is attached to this report as Exhibit 99.1.
The information furnished under this Item 7.01, including the exhibits, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act, except as shall be expressly set forth by reference to such filing.
Item 9.01 | Financial Statements and Exhibits. |
(d) |
Exhibits. |
99.1 |
Cautionary Statement for Purposes of the "Safe Harbor "Provisions of the Private Securities Litigation Reform Act of 1995.
The matters discussed in this report on Form 8-K, when not historical matters, are forward-looking statements within the meaning of existing securities legislation and involve a number of risks and uncertainties that could cause actual results to differ materially from projected results. Such forward looking statements include, among others, statements regarding anticipated geologic formations, future exploration results and receipt of working capital. Such factors that may impact these forward-looking statements include, among others set forth in the Company's reports filed with the Securities and Exchange Commission (SEC), the results of its continuing exploration program, the decisions of third parties over which the Company has no control, commodity prices, environmental and government regulations, judicial proceedings, force majeure events, and other risk factors as described from time to time in the Company's filings with the SEC. Many of these factors are beyond the Company's ability to control or predict. The Company disclaims any intent or obligation to update its forward-looking statements, whether as a result of receiving new information, the occurrence of future events, or otherwise.
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SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
BE RESOURCES INC. | |
Date: July 22, 2011 | By: /s/ Carmelo Marrelli |
Carmelo Marrelli | |
Chief Financial Officer |
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Exhibit Index
The following is a list of the Exhibits furnished herewith.
Exhibit | |
Number | Description of Exhibit |
99.1 | Press Release dated July 22, 2011. |
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Exhibit 99.1
Symbol: BER (TSX V)
News Release | July 22 2011 |
BE Resources Inc. Announces Remaining Assay
Results from Drilling
Program at the Warm Springs
Beryllium & Rare Earth Project
BE Resources Inc. (the Company) announces the remaining assay results from its drilling program to date at its Warm Springs project in New Mexico. This news release taken together with the news releases of December 2, 2010, March 29, 2011 and April 26, 2011, disclose the results of all drilling completed by the Company to date at the Warm Springs project, which commenced in September 2010.
Of the holes drilled to date, DH5 and DH10 are the most encouraging in terms of beryllium. As previously announced, the Company intersected a beryllium-mineralized zone in DH5 in excess of 100 feet in thickness with a maximum grade exceeding one percent beryllium oxide and over 55 feet of beryllium mineralization in DH10 with a maximum grade exceeding 0.5 percent beryllium oxide.
Rare earth element assay results for four drill holes not yet announced (DH1, DH2, DH3 and DH19) are set out in the following table.
DrillHole No. |
From (ft) |
To (ft) |
Interval (ft) |
LREO2 % |
HREO3 % |
TREO4 % |
DH1 |
765 |
778 |
23 |
77.06 |
22.94 |
8.85 |
DH2 |
870 |
878 |
8 |
74.16 |
25.84 |
10.34 |
DH3 |
620 |
678 |
58 |
81.84 |
18.16 |
9.12 |
DH3 |
1157 |
1255 |
98 |
60.31 |
39.69 |
19.58 |
DH3 |
1265 |
1297.5 |
32.5 |
67.14 |
32.86 |
1.89 |
DH3 |
1306.5 |
1564 |
242 |
75.51 |
24.49 |
0.26 |
DH3 |
1582 |
1736 |
154 |
75.22 |
24.78 |
7.80 |
DH19 |
194 |
295 |
101 |
64.91 |
35.09 |
15.04 |
DH19 |
468 |
474 |
6 |
73.29 |
26.71 |
1.2 |
Notes:
1. Measurement is Imperial
2. LREO
includes light rare earth elements (Cerium, Europium, Lanthanum, Neodymium,
Praseodymium, Samarium) as oxides
3. HREO includes heavy rare earth elements
(Gadolinium, Terbium, Dysprosium, Holmium, Erbium, Thulium, Ytterbium, Lutetium,
Yttrium) as oxides
4. TREO means total rare earth oxides
_________________________
True widths have not yet been determined in respect of the above results.
The assay results of the four drill holes reported on in this news release indicate that LREO constitute two thirds to three quarters of the TREOs.
The Company is in the process of examining these results more closely with a view to determining next steps. Three diamond drill holes (DH1, DH2 and DH3) were drilled on the periphery of a ½ mile diameter circular structure for rare earth mineralization, and DH19 was drilled on the main beryllium zone. The above rare earth results indicate that additional drilling is warranted to more fully understand the rare earth deposit associated with the structure, and to further investigate rare earth concentrations around DH19. The ability of the Company to conduct further drilling is subject to financing and compliance with permit requirements.
The Company implemented the following quality assurance/quality control (QA/QC) procedures for its Warm Springs project.
All recovered core was carefully logged by four field engineers/geologists working in shifts. The core was maintained at the drilling location under the supervision of a field engineer/geologist. All core was photographed and logged before transfer to the on-site storage unit. This unit was weather-proof and locked for security. The photographs of the core were uniquely labeled and stored on a laptop computer and memory card. The photographs were transferred to the project office where they were reviewed by the project manager and transferred to the project-specific database. The field engineers/geologists and the project manager were employees of AMEC Earth and Environmental, Inc. At the completion of each borehole the core was transported to HydroCut, Inc. located in Belen, New Mexico. The core was cut using the waterjet cutting system which cut the core without heat. There was therefore no heat affected zone from the cutting process. After the cutting process, the remaining core was returned to the secure storage for long term storage and a sample was sent to ALS Minerals, an independent lab, for assay.
ALS Minerals Qualifications and QA/QC
The Company selected ALS Minerals (ALS) to perform sample preparation (in Reno Nevada) and assay work (in Vancouver, British Columbia). ALS maintains ISO 9001:2008 and ISO/IEC 17025:2005 certifications, provides all internal quality control data, and maintains a library of detailed laboratory analytical methods required as the necessary documentation for NI 43-101 Technical Reporting. The ALS Quality Management System (QMS) complies with the requirements of International Standards ISO 9001:2008. ALS implemented the following quality assurance/quality control (QA/QC) procedures for the Warm Springs exploration project sample handling and management, and laboratory procedure and test methods implemented.
All samples received at ALS underwent the following sample preparation in accordance with ALS Sample Preparation Package PREP-31 Standard Sample Preparation. Sample preparation was the most critical step in the entire laboratory operation. The purpose of preparation was to produce a homogeneous analytical subsample that was fully representative of the material submitted to the laboratory. The sample was logged in the tracking system, weighed, dried and finely crushed to better than 70% passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of up to 250 g was taken and pulverized to better than 85% passing a 75 micron (Tyler 200 mesh, US Std. No. 200) screen.
At ALS, Geochemical Procedure - ME-ICP61a, Evaluation of High Grade Materials Using Conventional ICP - AES Analysis Sample Decomposition was implemented for all of the Companys samples undergoing analysis. The sample was digested in a mixture of nitric, perchloric and hydrofluoric acids. Perchloric acid was added to assist oxidation of the sample and to reduce the possibility of mechanical loss of sample as the solution was evaporated to moist salts. Elements were determined by inductively coupled plasma atomic emission spectroscopy (ICP - AES).
A summary of the geology is reported in the Companys 2009 NI 43-101 compliant technical report titled Technical Report on the Warm Springs Beryllium Property, Socorro County, New Mexico USA dated June 5, 2009 and filed on SEDAR at www.sedar.com on July 2, 2009.
David Tognoni, PE, the Companys President & CEO, is the Qualified Person as defined under National Instrument 43-101 for the project and is responsible for verification of the data and the contents of this news release. David Tognoni has supervised all aspects of the project including drilling, core sampling and the shipping of samples by personnel from AMEC Earth and Environmental, Inc.
Disclaimer
This new release contains forward looking information (as defined in applicable securities legislation) that is based on expectations, estimates and projections as of this date. Examples of forward looking information can be identified by the use of forward looking words such as encouraging or warranted. Forward looking information, by its nature, requires us to make assumptions and is subject to significant risks and uncertainties which may give rise to the possibility that our expectations or conclusions will not prove to be accurate and that the assumptions may not be correct. These factors, many of which are beyond our control, include financing risks and business and economic conditions generally. Additional information about these and other factors are located in reports filed with Canadian securities regulators, including the Companys annual report on Form 10-K for the year ended December 31, 2010. We have no intention to update this forward looking information, except as required by applicable securities laws. This forward looking information should not be relied upon as representing our views as of any date subsequent to this date.
For further information please contact:
David
Tognoni
President & CEO
P.O. Box 682
Elephant Butte, New Mexico
87935
Tel: 575-744-4014
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.