Falcon Drilling of Prince George, B.C. is currently drilling four
holes, each approximately 400 metres deep. Two holes will test the
western geophysical Induced Polarization "IP" anomaly and two holes will
test the eastern IP anomaly that has a coincident Mobile Metal Ion (MMI)
copper-gold anomaly, which were identified during the 2010 geophysical and
geochemical surveys. Discovery Consultants of Vernon, B.C., will
supervise the drilling, logging and splitting of the core, and maintain
sample integrity until the material is shipped to the analytical
lab. Bolero is currently in full disclosure of all material news.
Red Chris South Map: www.boleroresources.com/docs/red_chris_property.pdf
Bolero Resources' Director, Dr. Roger Steininger, stated "We are
excited to be underway with the first of our three planned 2011 drill
programs. Significant coincident IP and geochemical anomalies were
identified on the "Red Chris South" prospect last year using a 55 km IP
survey and 560 MMI soil samples; this year's drill program was designed to
test these anomalies. Bolero's drilling plans for 2011 also include
the "Carbonatite Syndicate" Rare Earth Element prospect, and the "Charge"
"REE" prospect, all located in British Columbia. Drilling is fully
funded, drill permits are in place and the first of these three programs
is now underway."
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 Canadian Gold and Rare Earth exploration
and development company. Our primary assets include: 100% interest in the
Red Chris South prospect, covering over 13,000 acres in north-western
British Columbia, contiguous to Imperial Metals Corporation and; the
"Carbonatite Syndicate" consisting of 211 mineral claims prospective for
REE covering over 222,415 acres contiguous to Spectrum Mining Corporation
in northern British Columbia and; the "Charge" British Columbia REE
prospect and; 2 separate quartz claim blocks covering over 6,500 acres in
the "White Gold District" of the Yukon. 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 or
contact Investor Relations Toll Free.
On behalf of the Board of Directors
R. Bruce Duncan, President & CEO
