IBC Advanced Alloys Corp. (CVE: IB, FFT: JRB, OTCQX: IAALF) has
completed the first phase of drilling on the property in Juab County,
Utah, beryllium, USA, completed within the planned timeframe and
budget.
IBC's Juab County project is located near the Spor Mountain Beryllium
Mine owned by the Materion Corp., and includes 371 claims over 3102
hectares.
In total, the company took 35 reverse circulation holes over 5,500
meters. During the initial exploration phase and 5250 rock samples
were collected, prepared for further analysis.
The first assay results will be presented in early 2012.
IBC is based in Vancouver, and factories in Indiana, Massachusetts,
Pennsylvania and Missouri. The company produces alloys based on rare
metals, for use in a wide range of applications. IBC's main product
line, Beralcast alloys find use in components including the nuclear,
aerospace and automotive industries.
The Juab County project will contribute to the research and
Enwicklungsbereich to strengthen the company, which deals with the
development of new alloys and optimization of nuclear fuels.
IBC has been working since 2008 with the Texas Engineering Experiment
Station and Purdue (TEES) in the development of new nuclear fuel rods.
Tests have shown that the addition of beryllium oxide fuel efficient
and to work longer than conventional fuel.
IBC has recently signed a memorandum of understanding with Ceramic
Tubular Products, which provides the framework for cooperation in the
development of nuclear fuel and technologies of both companies.
The programs complement each other and develop products for use in
light water reactors that can provide higher fuel efficiency and
improved safety.
Ceramic Tubular developed fuel element sleeves for light water
reactors where silicon carbide is used, called Silicon Carbide
Cladding triplex. The research is supported by the U.S. Department of
Energy.
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