October 8, 2012

Berkh Uul JSC (MSE: BEU) Announces Receipt of a NI 43-101 Compliant Resource - The-Press-News

Berkh Uul JSC (MSE: BEU) Announces Receipt of a NI 43-101 Compliant Resource - The-Press-News: "ULAANBAATAR, MONGOLIA -- (Marketwire) -- 10/07/12 -- Berkh Uul JSC (MSE: BEU) is pleased to announce the receipt of a NI 43-101 compliant Resource Report from Micromine, the international geological consulting firm, for the Delgerkhan Fluorspar Project. HIGHLIGHTS -- Indicated resource of 6.62million tons of Fluorspar ore grading 33.7% and inferred resource of 3.02 million tons of Fluorspar ore grading 33% -- A total indicated and inferred resource of 9.64 million tons of ore or 3.22 million tons of contained fluorspar (CAF2) -- Based on the current estimated price for fluorspar, the gross in situ value of the Delgerkhan deposit is USD 1.06 billion -- a 10% grade cutoff is applied -- Resource partially open at depth -- Substantial exploration potential along strike of the deposit -- All resources reported are entirely contained within the company's 100% held mining lease"

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