IBC Advanced Alloys Corp. (CVE:IB) reports an update on its Utah exploration program of its Juab County properties located adjacent to the Spor Mountain mine.
The press release is quoted as saying:
The completed data analysis has identified a number of high interest target zones (“TZ”) and an exploratory drilling program has been developed to begin testing these target zones in the northern portion of IBC’s extensive claim block. The Company expects to conduct the first phase of the drill program during this year’s field season following which the Company can begin to quantify its upstream beryllium mineralization.
IBC’s President and CEO, Anthony Dutton says:
“We are excited to be planning our summer drill program and to quantify our upstream assets which may be a vitally important component of IBC’s vertically integrated mine to market business strategy. IBC hopes that this property will not only support our downstream manufacturing initiatives, but also our R&D efforts in areas such as alloy development and beryllium oxide enhanced nuclear fuels.” “Our manufacturing businesses are growing and at the same time we are developing new technologies and new business opportunities where we hope that our upstream assets will play an increasingly important role as we strive to deliver growth in shareholder value.”