Aeroquest Airborne Survey to Further Define High Priority Rare Earth Targets
(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
Aeroquest Airborne Survey to Further Define High Priority Rare Earth Targets
August 12(th), 2010, Vancouver, BC, Canada - Bolero Resources Corp. (the
"Company" or "Bolero"), (TSX-V: BRU), (FRANKFURT: U7N1) announces that it has
retained Areoquest Ltd. to undertake state-of-the-art AreoTEM and Radiometric
geophysical airborne surveys on the highly prospective "Carbonatite Syndicate
Rare Earth Claim Group," 80 km northeast of Prince George, BC. These airborne
surveys will be integral in further defining high priority drill targets in
preparation for an upcoming drill program.
http://www.boleroresources.com/docs/carbonatite_syndicate_claims.pdf
Bolero Resources' President and CEO, R. Bruce Duncan, stated "The Areoquest
airborne survey is considered one of the best in the industry and will allow us
to further define existing high priority Rare Earth drill targets. We are
excited to have confirmed the presence of Rare Earth Elements on our ground and
eagerly await additional upcoming assay results. Drilling is expected to
commence shortly, following the interpretation of the airborne data. We are also
awaiting results from multiple IP surveys recently conducted on our "Red Chris
South" prospect, contiguous to Imperial Metals Corporation's (III - TSX) Red
Chris" Copper/Gold discovery. where recently, they announced a drill hole
intercept of 528.7 metres grading 1.97 g/ton gold and 1.13% copper. " (Imperial
Metals news release, April 12(th) 2010)
The airborne geophysical and radiometric surveys will consist of over 400 line
kilometres to be flown at 200-metre line spacing. The AeroTEM system is the HTEM
system of choice in British Columbia for its superior ability to contour in
rugged terrain. The airborne survey will focus on further defining high priority
Rare Earth targets contiguous to the East and South East of Spectrum Mining's
"Wicheeda" Rare Earth discovery, that recently returned grades of 3.55% rare
earth elements ("REE") over 48.64 metres
Soil and Silt samples from Bolero's ground show concentrations for Cerium (Ce)
and Lanthanum (La) up to 631 ppm and 377 ppm respectively, with 20 samples
showing total Rare Earth contents above 1000 ppm. Pathfinder elements such as
Niobium (Nb) and Barium (Ba) also show distinct elevated concentrations against
background, indicating their applicability for local exploration.
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 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
E-mail inquiries: info(at)boleroresources.com
"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#1437386]
Aeroquest Airborne Survey to Further Define High Priority Rare Earth Targets:
http://hugin.info/143056/R/1437386/382172.doc
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Source: Bolero Resources Corp. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 12.08.2010 - 09:01 Uhr
Sprache: Deutsch
News-ID 39510
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Town:
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