Bolero Begins 5,500 Metre Drill Program at Bald Butte
Vancouver, BC, Canada, June 21st, 2007 - United Bolero Development Corp. (the "Company" or "United Bolero"), (TSX-V: UNB) is pleased to announce that the 5,500 metre (18,000 feet) diamond drill program at Bald Butte has commenced.
Diamond Drill Program:
Ruen Drilling, Inc. of Clark Fork, Idaho has been on site for the last week and, working with UNB personnel, has prepared all of the drill pads for the planned drill program. Drilling is being conducted in two ten-hour shifts per day. Currently at the end of the June 19, 2007 night shift, approximately 630 feet of core has been drilled. A core logging facility has been prepared in Silver City, Montana approximately nine miles east of the Bald Butte property.
The core is being sawed and geologically logged prior to shipment of one half of each sample interval to ALS Chemex Laboratories for analysis. Additional geol
ogic mapping is also being conducted over portions of the Bald Butte property.
Previous Work on Bald Butte:
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.
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 Report to increase the geological knowledge of the deposit. The Bald Butte Project is located 18 miles northwest of Helena, Montana in Lewis and Clark County.
John Childs, Ph.D., Registered Geo (AZ) is the "qualified person"
(as such term is defined by NI 43-101) responsible for the preparation of the technical information in this release.
Corporate Update:
United Bolero Development Corp. is pleased to announce it will hold its Annual General Meeting of the Shareholders on Monday July 9th, 2007 at 11:00 a.m. (local time) at Suite 890-999 West Hastings Street, Vancouver, British Columbia.
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.
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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EXPLORATEUR |
CODE : BRU.V |
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Bolero Res. est une société d’exploration minière d'or et de cuivre basée au Canada. Bolero Res. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ARCADIA, COPPER STAR, RED CHRIS SOUTH, BALD BUTTE, CANNIVAN GULCH et CARBONATITE SYNDICATE au Canada. Bolero Res. est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 852 000 CA$ (632 517 US$, 556 159 €). La valeur de son action a atteint son plus haut niveau récent le 20 novembre 2009 à 0,69 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$. Bolero Res. possède 34 080 000 actions en circulation. |