Drilling Now Underway on Bolero's "Red Chris South" Prospect
July 12 2011 - 3:01AM
Marketwired Canada
Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU)
(FRANKFURT: U7N1) announces that drilling has now commenced on its "Red Chris
South" prospect, located in northwest British Columbia ("BC"), contiguous to
Imperial Metals Corporation's "Red Chris" copper-gold discovery that recently
announced drill intercepts of 1024.1 metres, grading: 1.26 g/t Gold 1.01% Copper
and 528.7 metres, grading: 1.97g/ton Gold and 1.13% Copper, in April 2010.
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
Brunswick Resources (TSXV:BRU)
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