BOLERO COMMENCES WORK PROGRAM ON RED CHRIS PROSPECT CONTIGUOUS TO IMPERIAL METALS (III -TSX)
(Thomson Reuters ONE) -
Suite 1220 - 789 West Pender Street, Vancouver, BC, V6C 1H2
Phone (604) 683-3995 Fax: (604) 683-3988
Email: info(at)boleroresources.ca
Web: www.boleroresources.ca
FOR IMMEDIATE RELEASE
BOLERO COMMENCES WORK PROGRAM ON RED CHRIS PROSPECT CONTIGUOUS TO IMPERIAL
METALS (III -TSX)
March 29(th), 2010, Vancouver, BC, Canada - Bolero Resources Corp. (the
"Company" or "Bolero"), (TSX-V: BRU), (FRANKFURT: U7N1) is pleased to announce
that Terracad Geoscience Services Ltd. has been retained to initiate the planned
work program on Bolero's 100% owned Red Chris Prospect contiguous with Imperial
Metals Corp. (III - TSX). This program will focus its efforts on the Eskay
Creek- style mineralization, intrusion and alterations discovered in 1998 by
Homestake Canada Inc.
Bolero's 100% owned Red Chris prospect is comprised of twelve strategic claims
with over 10,000 acres in the Red Chris area of north-western British Columbia.
The claims are contiguous with the Red Chris copper-gold property where Imperial
Metals Corp. recently announced assay results of 152.5 metres grading 4.12%
copper and 8.83 g/t gold, averaging 2.00% copper and 3.80 g/t gold over 432.5
metres. The newly acquired prospect is underlain by upper Triassic-age Stuhini
volcanic and sedimentary formations that are the principal host rocks of the Red
Chris deposit. The property border is only 5.5 kilometres southwest of the Red
Chris east zone discovery.
Bolero Resources' President and CEO, R. Bruce Duncan stated, "This is a very
exciting time for Bolero Resources Corp. with multiple active projects now
underway. We are pleased to be moving forward quickly with the planned work
program on this prospect bordering Imperial Metals' still evolving, possibly
world class, Red Chris exploration property."
Initial Program:
The initial work will comprise of property reconnaissance and permitting
followed by field work when conditions are suitable. A temporary camp will be
required and work will include 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. Upon completion of the initial program and evaluation of
results, it may be possible to proceed to more detailed property work including
drilling.
Historic work on the property
Work in 1998 in the area of the newly acquired tenures by Homestake Canada Inc.,
including geological mapping and geochemical sampling, outlined stratigraphy
prospective for Eskay Creek-style mineralization. Nearby intrusions have
alteration and other characteristics similar to those observed at the Red Chris
deposit. (Reference: ARIS No. 25767)
Erik Ostensoe, P. Geo., the Company's Independent Qualified Person as defined by
National Instrument 43-101, has reviewed and accepts responsibility for
technical information contained in this news release.
Bolero Resources Corp. is a Canada-based Molybdenum, Gold, and Rare Earth
Element mineral development and exploration 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.V); and 100% interest
in 43 mineral claims prospective for Rare Earth's covering approximately 16,072
hectares, contiguous to Spectrum Mining Corporation in Northern 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.ca
On behalf of the Board of Directors
"R. Bruce Duncan"
President & CEO
Investor Inquiries (604) 787-7112
"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#1398475]
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Datum: 29.03.2010 - 00:01 Uhr
Sprache: Deutsch
News-ID 1012078
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