ADDITIONAL CLAIMS ACQUIRED AT BOLERO'S RED CHRIS PROSPECT
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FOR IMMEDIATE RELEASE
ADDITIONAL CLAIMS ACQUIRED AT BOLERO'S RED CHRIS PROSPECT
July 13(th), 2010, Vancouver, BC, Canada - Bolero Resources Corp. (the
"Company" or "Bolero"), (TSX-V: BRU), (FRANKFURT: U7N1) announces it has entered
into an option agreement with a arms-length vendor to acquire additional
strategic claims, contiguous to Bolero's 100% owned Red Chris prospect in
northwest, BC. Bolero's prospect at Red Chris is comprised of 12 strategically
located claims of more than 10,000 acres, contiguous to Imperial Metals
Corporation's (III-TSX) "Red Chris" copper-gold property where recently they
announced a drill hole intercept of 528.7 metres of 1.97g/ton gold and 1.13%
copper. Recent drilling at Red Chris by Imperial Metals have averaged 2.00%
copper and 3.80 g/t gold over 432.5 metres and the discovery continues to be
open in all directions.
http://www.boleroresources.com/docs/red_chris_property.pdf
Bolero's property border is less than 3 kilometres southwest of Imperial
Metals' initial Red Chris East Zone discovery and appears to be "on-trend" with
recent drilling. An extensive work program is now underway on Bolero's "Red
Chris" prospect that will include testing previous significant mineral
occurrences, recorded on the newly acquired claims, by Falconbridge as late as
2007.
http://minfile.gov.bc.ca/Summary.aspx?minfilno=104H 011
Terracad Geoscience Services Ltd. has been retained to initiate the work
program on Bolero's Red Chris prospect. This program is focused on the Eskay
Creek- style mineralization, intrusives and alterations discovered in 1998 by
Homestake Canada Inc. Work includes prospecting, geological reconnaissance,
grid preparation, geochemical soil sampling and/or MMI (mobile metal ion) soil
sampling, magnetometer survey, possibly a VLF-EM survey, and rock chip sampling
of any mineral zones. An IP survey and diamond drill program is now being
planned following the completion of the initial work.
Terms of the option are for Bolero to issue forty thousand shares and pay
$3,000 upon TSX Venture approval. This transaction is subject to TSX Venture
Exchange approval.
Bolero Resources' President and CEO, R. Bruce Duncan, stated, "This new
strategic acquisition completes Bolero's land package in a highly prospective
area of our Red Chris prospect. At this time, Bolero is actively working on
multiple projects including our "Red Chris" Gold/Copper prospect and our
"Carbonatite Syndicate" Rare Earth prospect, both located in Northern BC. We
will now be moving quickly forward, with the planned work bordering Imperial
Metals claims and are greatly encouraged by the close proximity and open
formation of recent drill results by Imperial Metals. We have also been informed
that multiple scintillometer anomalies have been identified on the north east
portion of our 100% owned "Carbonatite Syndicate" Rare Earth prospect. A large
number of samples have recently been submitted to ALS Chemex Labs for
multi-element geochemical analysis and are expected to be available shortly."
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 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#1431195]
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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: 13.07.2010 - 09:01 Uhr
Sprache: Deutsch
News-ID 23814
Anzahl Zeichen: 0
contact information:
Town:
Vancouver, BC
Kategorie:
Business News
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