Bolero Resources Corp. – Arcadia drilling commencesadmin
BOLERO RESOURCES CORP. announces today that the camp is now set up on Arcadia and drilling is about to commence. Bolero has the right to earn 50% of the Arcadia Property from Alix Resources Corp (AIX-TSX:V) (37N-FRANKFURT).
The Arcadia property represents an Archean lode-gold deposit located on the Arctic Ocean in Canada’s Nunavut territory, west of Bathurst Inlet and 140 kilometres west of Miramar Mining’s Hope Bay greenstone belt. The property has a historic resource estimate of 640,650 tonnes averaging 7.2 grams per tonne gold (containing about 148,000 ounces of gold) in the north-central vein and 139,524 tonnes averaging 8.6 g/t gold (or 38,600 contained ounces of gold) in the Fred vein reported. These resource estimates were completed prior to 2001 and without a compliant technical report and in a manner inconsistent with National Instrument 43-101 and other disclosure requirements.
Dean Besserer, P.Geo of Apex Geological Services in Edmonton, and a qualified person as defined by NI 43-101, has approved the technical information in this release and is the qualified person for this project.
Bolero Resources Corp. is a Canada-based molybdenum mineral development and exploration company. Our primary assets are 100% interests in two significant molybdenum properties located in Montana, USA, which are the Bald Butte and Cannivan Gulch properties. The Company is listed on the TSX-Venture Exchange under the symbol BRU, as well as the Frankfurt Exchange under U7N. For more information, please visit www.boleroresources.ca or call toll-free 888-945-4770.
On behalf of the Board of Directors “R. Bruce Duncan”
President & CEO
For further information
Renmark Financial Communications Inc.: Henri Perron, firstname.lastname@example.org Jason Roy, email@example.com
Media: Adam Ross, firstname.lastname@example.org, (514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com
Source: Bolero Resources Corp.