🕐08.09.11 - 15:27 Uhr
IBC ADVANCED ALLOYS NEWS RELEASE
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IBC Advanced Alloys
NEWS RELEASE
September 8, 2011
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Vertically Integrated from Exploration to Market
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IBC Advanced Alloys Receives Drilling Permit Approvals for 2011 Utah Drill Program
Drill Program to Quantify Upstream Beryllium Properties
in Juab County, Utah
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VANCOUVER, BC - September 8, 2011 - IBC Advanced Alloys Corp.
(TSX-V: IB; OTCQX: IAALF) ("IBC" or the "Company")announces that ithas received
permits and approvals from the Utah State Office of the U.S.
Bureau of Land Management
and the Utah Division of Oil, Gas and Mining to commence its planned drill program
in Juab County, Utah.
IBCs properties incorporate 371 claims, totalling approximately
7,630 acres and are located immediately adjacent to the large Spor Mountain beryllium
mine.
The proposed drill program is anticipated to commence in mid-September, subject
to assigning a contractor to complete the work and complete rig mobilization.
The
complete drilling activities are expected to be completed within 90 days with final
laboratory results and petrographic work completed approximately 60 to 90 days thereafter.
IBC previously completed an airborne geophysical survey of these properties in 2010
flown by Fugro Airborne Surveys Corporation ("Fugro"), based in Ontario, Canada.
Fugro flew a detailed 7,495-line kilometre low altitude airborne radiometric and
magnetic survey and IBC has now concluded subsequent analysis which identified several
high interest target zones that are the subject of this exploration program to quantify
the Companys upstream resource base.
The results of the airborne survey were announced
in IBCs news release
dated May 3, 2011.
The drilling program will consist of up to 35 holes in the Topaz Mountain West and
Sand Pass NE quadrangles totalling as much as 5,250 metres of reverse circulation
drilling to test target zones in the volcanic tuff and in the underlying Bell Hill
Dolomite unit along and on either side of a N 30 E-trending fracture zones in the
claim area immediately south of the Starvation Canyon Wash.
These holes will test
the presence and concentration of fluorite-bertrandite replacement of dolomite fragments
as in Materions (formerly Brush Wellman) nearby Spor Mountain mine pits and will
penetrate the volcanic tuff layer to test the underlying Bell Hill Dolomite for
hydrothermal alteration and the presence of fluorite and bertrandite mineralization.
IBCs Vice President of Exploration, Lee Rice, states, "The 2010 Utah airborne survey
identified a number of high interest target zones that are worthy of further investigation
with a comprehensive drilling program.
The Companys focus is to quantify the potential
beryllium mineralization," continued Mr.
Rice, which we hope will underpin continued
downstream manufacturing growth, as well as provide a strategic upstream resource
to support our R&D efforts, such as our nuclear fuels initiative, which has the
potential to drive future consumption."
About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium)
based alloys and related products serving a variety of industries including nuclear
energy, automotive, telecommunications and a range of industrial applications.
IBC
has 80 employees and is headquartered in Vancouver, Canada with production facilities
in Indiana, Massachusetts, Pennsylvania and Missouri.
Additionally, IBC owns prospective
beryllium properties in the Western US covering approximately 9,500 hectares.
IBC
is creating a dynamic global beryllium and advanced alloys company.
IBCs common
shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQX
under the symbol "IAALF".
IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email:
Website: www.ibcadvancedalloys.com
Rubenstein Investor Relations
Tim Clemensen
(212) 843-9337
Email:
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This news release was prepared by management of IBC, which takes full responsibility
for its contents.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy of this news release.
Neither 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.
This disclosure contains certain forward-looking statements that involve substantial
known and unknown risks and uncertainties, certain of which are beyond the Companys
control including: the impact of general economic conditions in the areas in which
the Company operates, industry conditions, changes in laws and regulations including
the adoption of new environmental laws and regulations and changes in how they are
interpreted and enforced, increased competition, the lack of availability of qualified
personnel or management, fluctuations in commodity prices, foreign exchange or interest
rates, stock market volatility and obtaining required approvals of regulatory authorities.
In addition there are risks and uncertainties associated with manufacturing activities
therefore the Companys future results, performance or achievements could differ
materially from those expressed in these forward-looking statements.
All statements
included in this press release that address activities, events or developments that
the Company expects, believes or anticipates will or may occur in the future are
forward-looking statements.
These statements are based on assumptions made by the
Company based on its experience, perception of historical trends, current conditions,
expected future developments and other factors it believes are appropriate in the
circumstances.
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IBC Advanced Alloys Corp.
| 906-595 Howe St.
| Vancouver | BC | V6R 2H6 | Canada