Bekem Metals, Inc. Releases Drilling Progress Report on Gornostai Deposit
29 Abril 2007 - 11:48PM
PR Newswire (US)
SALT LAKE CITY, April 29 /PRNewswire-FirstCall/ -- Bekem Metals,
Inc., (OTC:BKMM.OB) (BULLETIN BOARD: BKMM.OB) has announced an
interim progress report on its 2007 exploration drilling program at
the Gornostai Nickel-Cobalt Deposit. The Company's original test
drilling plan was to drill approximately 600 test holes totaling
15,000 meters on the South Section of the Deposit, which is on the
South Bank of the Irtysh River by the end of the exploration stage
on February 26, 2008. The Company's objective is to complete a
detailed study of the structural characteristics of the largest ore
bodies No. 14, No. 1 and ore bodies on the northern part of the
section where high grade nickel deposits have been located. The
drilling is being conducted on a 50 x 50-100 meter grid, which will
make it possible to convert indicated and inferred resources to
proved and probable reserves as development of the property
progresses. Company CEO, Marat Cherdabayev, stated, "Since January
2007 a total of 12,800 meters (640 holes) have been drilled by five
drilling contractors using a total of ten drill rigs on the
property. The scheduled drilling has been finished on the ore body
No. 14. The preliminary drilling results together with the previous
data show that ore body No. 14 consists of four individual
contiguous ore bodies. The length of individual ore bodies vary
from 800 to 1200 meters, width from 400 to 650 meters and thickness
from 0.8 to 15 m. The nickel content in ore bodies varies from 0.7
to 2.6%." Although the 2007 drilling program on the Gornostai
Deposit was estimated to be completed by the end of our exploration
stage, Cherdabayev noted, "Our current progress has accelerated our
estimated completion date of the full drilling program to July
2007. This drilling program has made it possible to determine a
correlation between the blanket-like shape ore bodies and the ore
bodies associated fault and fracture zones. We expect this
correlation to be crucial in the design and development of the
appropriate modeling and reserves estimation of the ore body."
Bekem Metals, Inc. is engaged in the exploration and mining for
nickel, cobalt and other minerals in Kazakhstan. The Company
maintains administrative offices in Almaty, Kazakhstan and Salt
Lake City, Utah. For more information please contact Marat
Cherdabayev at +7 (3272) 582 386. The information contained in this
release includes forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially. Certain statements contained herein constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of the Company to be materially different from those
expressed or implied. Forward-looking statements involve risks and
uncertainties, including but not limited to, such risks as the
sufficiency of funds, implementation of business plans and other
risks described in the Company's periodic reports on file with the
Securities and Exchange Commission. DATASOURCE: Bekem Metals
CONTACT: Marat Cherdabayev, +7 (3272) 582 386
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