IBC's mineral properties in the US include Spor Mountain, located in Juab County, Utah and the Boomer Mine, located in the Lake George beryllium area of Colorado. IBC has also staked 517 mining claims on adjacent lands to expand its Colorado interests in the Lake George beryllium district.
The Boomer mine, located in Section 21 of Township 11 South, Range 72
West (T11S R72W), lies within the Lake George beryllium area, a prolific
beryllium-producing area of South Park, Park County, Colorado. It is
well-supplied with electricity, water and telephone, and is readily
accessible along an established road system. It is comprised of two
patented mining claims: the Boomer and East Boomer lodes consisting of
The Boomer mine was historically the second largest producing beryllium mine in the United States from 1948 until 1963 and was the largest beryllium ore producer in 1958. An additional 33-1/3% interest in the adjacent 9.395-acre J.S. Lode also was acquired.
The Boomer mine produced a majority of the beryllium ore (beryl and bertrandite) mined in Colorado from 1948 until 1969 and over 50% of the total US production during that period according to the U.S. Bureau of Mines Minerals Yearbooks. Mining operations were discontinued in the early 1970s due to a legal dispute between the operating partners.
USGS Scientists, Dr. Wallace R. Griffitts and Dr. Charles C. Hawley, who evaluated the Boomer mine in the 1960s (e.g., USGS Professional Papers 608-A & B and USGS Circular 597), were of the opinion that the Boomer mine retained more than 50% of its mineable reserves. Ore reserves will be confirmed by systematic drilling, geochemical sampling, and by geophysical and geological evaluations.
Lake George Beryllium Area
IBC has also completed the staking of 517 mineral claims in two claim blocks in the Lake George district of Colorado, a well known area of beryllium mineralization that also includes the Boomer mine.
The staked area covers approximately 10,680 acres and includes such prominent former beryllium producing areas as Badger Flats, China Wall and Redskin Gulch and numerous former producing claims and workings.
Juab County, Utah
371 mineral claims are located near Spor Mountain in Juab County, Utah. The 371 claims, constituting approximately 7,630 acres, are strategically located in an area of known beryllium mineralization described in US Geological Survey Professional Paper 415.
Studies conducted by the U.S. Geological Survey and by the U.S. Bureau of Mines in the 1960s confirmed the extent and grades of the beryllium deposits in this area and their chemical, mineralogical, and physical properties. Current production rates at Spor Mountain of approximately 48,000 tons of bertrandite ore annually grading 0.35% beryllium constitute nearly 60% of world production.
The beryllium deposits discovered at Spor Mountain in December, 1959, have been the major source of this metal in the western world for more than 40 years. The beryllium mineralization at this location occurs in tabular deposits situated along major faults and fractures in an altered water-laid rhyolitic tuff within a valley that was once part of paleo-Lake Bonneville. The IBC claims are located on extensions of the geologic structures initially described by USGS geologists and that are presently being mined. This sparsely populated area of Juab County has good road access and electrical power availability for industrial development. IBC has been advised in a January, 2008 letter that Juab County is actively seeking economic development of mining and processing facilities.
Spor Mountain is adjacent to the world's biggest beryllium mine operated by Brush Wellman.