MULTIPLE ANOMALIES IDENTIFIED ON BC RARE EARTH PROSPECT
(Thomson Reuters ONE) -
Suite 1220 - 789 West Pender Street, Vancouver, BC, V6C 1H2
Phone: (604) 683-3995 Fax: (604) 683-3988
Investor Relations: 1(888) 818-1365
Email:info(at)boleroresources.com
Web: www.boleroresources.com
FOR IMMEDIATE RELEASE
MULTIPLE ANOMALIES IDENTIFIED ON BC RARE EARTH PROSPECT
June 28th, 2010, Vancouver, BC, Canada - Bolero Resources Corp. (the "Company"
or "Bolero"), (TSX-V: BRU), (FRANKFURT: U7N1) announces that multiple
scintillometer anomalies have been identified on the north east portion of its
Carbonatite Syndicate Rare Earth Claim Group located 80km north east of Prince
George, BC.
The anomalies lie within 2 kilometers of Spectrum Mining's "Wicheeda" Rare Earth
Element ("REE") Discovery which returned significant drill results, including a
48.64 metre interval which averaged 3.55% rare earth elements, a 72.0 metre
interval that averaged 2.92% REE, and a 144 metre interval which averaged 2.20%
REE in three separate drill holes. (2008 Aris Report)
(http://aris.empr.gov.bc.ca/ArisReports/30873.PDF)
Bolero is now awaiting the results of multiple soil and silt samples that have
been sent to ALS Chemex Labs for multi-element geochemical analysis. The samples
originated from tightly spaced grids to the immediate north east of Spectrum
Mining's discovery area, while additional silt samples were also collected from
drainages throughout the northern half of the Bolero's claims.
Mackevoy Geosciences Ltd. "Mackevoy" has now conducted exploration on 24 of the
57 claims including visual reconnaissance work and sampling on many of the
satellite anomalies. Mackevoy has recorded multiple scintillometer anomalies on
the NE claim group and has commenced further ground exploration in those areas.
A total of 70 line kilometers of magnetometer and 90 line kilometers of
scintillometer data have been collected to date. Mackevoy has established a new
base camp to the South of Spectrum Mining's "Fluorite" Southern Claim Group and
will continue to define potential drill targets for Bolero's planned upcoming
drill program.
Bolero Resources' President and CEO, R. Bruce Duncan, stated "We are pleased to
have already narrowed in on multiple anomalies. We have collected a number of
high priority samples and have submitted them for analysis while the Mackevoy
team has extended their exploration efforts to the southern portion of our
claims surrounding Spectrum's recent "Fluortie" discovery. Bolero is one of the
first public companies to commence work in the area this season and to date; the
geological evidence collected in the Wicheeda Camp suggests the presence for a
large carbonatite system throughout the area."
Bolero now has the largest contiguous land package surrounding Spectrum Mining's
"Wicheeda" Rare Earth discovery, spanning over approximately 56,000 acres and
encompassing 57 mineral claims.
Management anticipates multiple active work programs to commence shortly,
including Bolero's prospect contiguous to Imperial Metals (III-TSX) "Red Chris"
Gold/Copper prospect in North West, BC."
Dr. Roger Steininger, Ph.D., CPG (AIPG), a Company Director, is the "Qualified
Person" (as such term is defined by NI 43-101) responsible for the preparation
of the technical information in this release.
About Spectrum Mining Corporation
Spectrum Mining Corporation is a private company that recently reported
significant (``REE``) mineralization on its Wicheeda carbonatite-syenite breccia
intrusive complex rare earth discovery, located 80 km northeast of Prince
George, BC. (5th Annual Minerals South Conference)
Highlights from Spectrum's recent drilling include a 48.64 metre interval which
averaged 3.55% rare earth elements, a 72.0 metre interval that averaged 2.92%
REE, and a 144 metre interval which averaged 2.20% REE in three separate drill
holes. In 2009, eleven NTW diamond drill holes totaling 1835 metres were drilled
in the "Main Zone" from two new drilling platforms on Wicheeda. All 11 drill
holes intersected significant rare earth mineralization and the Wicheeda deposit
remains open in all directions. (2008 Aris Report)
(http://aris.empr.gov.bc.ca/ArisReports/30873.PDF)
About Bolero Resources Corp.
Bolero Resources Corp. is a Canada-based Molybdenum, Rare Earth, and Gold
exploration and development company. Our primary assets include: 100% interest
in the Cannivan Gulch Molybdenum property located in Montana, USA; A 100%
interest in twelve strategic claims in the Red Chris area of north-western BC,
contiguous to Imperial Metals Corp (III.T); 100% interest in 57 mineral claims
prospective for Rare Earth's covering approximately 56,000 acres, contiguous to
Spectrum Mining Corporation in Northern BC, and 11 mining claims of which
approximately 2,653 hectares are directly tied on to the northwest, and 1,930
hectares are tied directly east of Barkerville Gold Mines (BGM.V) in
Barkerville, BC. The Company is listed on the TSX-Venture Exchange under the
symbol BRU, as well as the Frankfurt Exchange under U7N1. For more information,
please visit www.boleroresources.com
On behalf of the Board of Directors
"R. Bruce Duncan"
President & CEO
Toll Free Investor Inquiries 1 (888) 818-1365
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release."
[HUG#1427640]
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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
All reproduction for further distribution is prohibited.
Source: Bolero Resources Corp. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 28.06.2010 - 09:01 Uhr
Sprache: Deutsch
News-ID 23096
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Town:
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