Arcadia Drilling Commences
May 29th, 2008, VANCOUVER, B.C. � BOLERO RESOURCES CORP. (�Bolero� or the �Company�) (BRU-TSX:V)(U7N � FRANKFURT) announces today that the camp is now set up on Arcadia and drilling is about to commence. Bolero has the right to earn 50% of the Arcadia Property from Alix Resources Corp (AIX-TSX:V) (37N-FRANKFURT).
The Arcadia property represents an Archean lode-gold deposit located on the Arctic Ocean in Canada's Nunavut territory, west of Bathurst Inlet and 140 kilometres west of Miramar Mining's Hope Bay greenstone belt. The property has a historic resource estimate of 640,650 tonnes averaging 7.2 grams per tonne gold (containing about 148,000 ounces of gold) in the north-central vein and 139,524 tonnes averaging 8.6 g/t gold (or 38,600 contained ounces of gold) in the Fred vein reported. These resource estimates were completed prior to 2001 and without a compliant technical report and in a manner inconsistent with National Instrument 43-101 and other disclosure requirements.
Dean Besserer, P.Geo of Apex Geological Services in Edmonton, and a qualified person as defined by NI 43-101, has approved the technical information in this release and is the qualified person for this project
Bolero Resources Corp. is a Canada-based molybdenum mineral development and exploration company. Our primary assets are 100% interests in two significant molybdenum properties located in Montana, USA, which are the Bald Butte and Cannivan Gulch properties. The Company is listed on the TSX-Venture Exchange under the symbol BRU, as well as the Frankfurt Exchange under U7N. For more information, please visit www.boleroresources.ca or call toll-free 888-945-4770.
On behalf of the Board of Directors
�R. Bruce Duncan�
President & CEO
Renmark Financial Communications Inc.
Henri Perron: hperron@renmarkfinancial.com
Jason Roy: jroy@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, € 565 154). 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. |