U7N1) announces
it has
acquired a 100% interest, in 4 additional strategic claims covering over
3,333
acres and substantially enlarging the Red Chris "South" prospect.
These new
claims are contiguous to and surrounded by Bolero's Red Chris "South"
prospect
and are contiguous to the Southwest of Imperial Metals Corporation's
(III-TSX)
"Red Chris" copper-gold property where they have recently announced
drill
intercepts of 1.97 grams/ton Gold and 1.13% Copper over 528.7 metres.
Red Chris South Map:
http://www.boleroresources.com/docs/red_chris_property.pdf
Bolero Resources' President and CEO, R. Bruce Duncan stated, "This
significant
new addition to Bolero's Red Chris "South" prospect not only
substantially
enlarges the acreage, but strategically positions the entire property "on-
trend"
with recent drilling by Imperial Metals. Bolero now has one of, if
not the
largest contiguous land package to the Red Chris discovery, with an active
work
program now underway. Bolero is currently awaiting the results of
geophysical
surveys and soil samples from high-priority targets throughout the
property. At
this time, Bolero has multiple active projects including; drilling
about to
begin on the Carbonatite Syndicate Rare Earth prospect, a substantial
land
position and upcoming survey and sample results at Red Chris "South",
and the
upcoming work program now being developed for the newly acquired
"Lucas" and
"Nicolas" claims in the White Gold District of the Yukon."
Terms of Agreement:
Bolero will issue to the vendor $10,000 CDN and 250,000 common shares
of the
company within five days of TSX approval subject to a four month hold.
There is
no NSR applicable to this transaction.
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 over
13,000
acres in the Red Chris area of north-western BC, contiguous to Imperial
Metals
Corp (III.T); 100% interest in 57 mineral claims prospective for Rare
Earth's
covering approximately 56,000 acres, contiguous to Spectrum Mining
Corporation
in Northern BC; 11 mining claims of which approximately 2,653
hectares are
directly tied on to the northwest, and 1,930 hectares are tied directly
east of
Barkerville Gold Mines (BGM.V) in Barkerville, BC, 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
Toll Free Investor Inquiries 1 (888) 818-1365
E-mail inquiries: info@boleroresources.com
"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#1443718]
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originality of the information contained therein.
Source: Bolero Resources Corp. via Thomson Reuters ONE