Bolero Announces A 5,500 Metre Drill Program For Confirmatory Infill And Step Out Drilling At Bald Butte
April 10th, 2007, Vancouver, BC, Canada - United Bolero Development Corp. (the "Company" or "United Bolero"), (TSX-V: UNB) is pleased to announce it has engaged Ruen Drilling, Inc. of Clark Fork, Idaho to conduct a 5,500 metre (approximately 18,000 feet) drill program on United Bolero's Bald Butte deposit. The deposit currently shows a NI 43-101 inferred resource of 105 million tons at a grade of 0.071% Molybdenum (0.12% MoS2) which was calculated using the polygonal method, containing 150 million pounds of Molybdenum, (250 million pounds of MoS2) as stated in the press release dated December 14th, 2006: http://www.unitedbolero.com/index.php?page=newsdetail&newsfile=unb_20061214.htm.
This NI 43-101 resource was prepared by Broad Oak Associates (an independent) and the Company is now undertaking the program recommended in this Technical R
eport to increase the geological knowledge of the deposit. This program will start on or about the middle of May 2007. The Bald Butte Project is located 28 miles northwest of Helena, Montana in Lewis and Clark County.
Key Objectives of 2007 Drill Program:
John Childs, Ph.D., Registered Geo (SME) is the "qualified person" (as such term is defined by NI 43-101) responsible for the preparation of the technical information in this release.
United Bolero is listed on the TSX-Venture Exchange under the symbol UNB, as well as the Frankfurt Exchange under U7N. For more information, please visit www.unitedbolero.com or call toll-free 888-945-4770.
On behalf of the Board of Directors
"R. Bruce Duncan"
President & CEO
Renmark Financial Communications Inc.
Barbara Komorowski : bkomorowski@renmarkfinancial.com
Christina Lalli : clalli@renmarkfinancial.com
Media - Adam Ross: aross@renmarkfinancial.com
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Bolero Resources Corp.
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EXPLORATION STAGE |
CODE : BRU.V |
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Bolero Res. is a gold and copper exploration company based in Canada. Bolero Res. holds various exploration projects in Canada. Its main exploration properties are ARCADIA, COPPER STAR, RED CHRIS SOUTH, BALD BUTTE, CANNIVAN GULCH and CARBONATITE SYNDICATE in Canada. Bolero Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 852 000 as of today (US$ 632 517, € 556 159). Its stock quote reached its highest recent level on November 20, 2009 at CA$ 0.69, and its lowest recent point on January 01, 2016 at CA$ 0.01. Bolero Res. has 34 080 000 shares outstanding. |