Bolero Resources Corp. (BRU – TSX.V) is a junior natural resource company focused on the acquisition and development of gold and rare earth element properties throughout Canada.
The Company is a reporting issuer in Ontario, British Columbia and Alberta and is listed on the TSX-Venture Exchange under the symbol BRU, the Pink Sheets under the symbol BRUZF, and the Frankfurt Exchange under U7N1.
Throughout 2011, Bolero intends to focus on its primary long term goals of acquiring and developing quality mining projects to create cash producing assets while building and strengthening our core operations in mineral exploration and development to ultimately increase overall shareholder value.
Bolero has four primary Gold and Rare Earth Element projects in BC and the Yukon:
The “Carbonatite Syndicate” Rare Earth Element prospect consisting of 211 mineral claims covering over 90,000 hectares (222,415 acres) contiguous to and completely surrounding several significant rare earth element discoveries in northern BC that reported drill hole intersections of 48.64 meters of 3.55% combined rare earth elements (REE), 144 meters of 2.2% combined REEs and 72 meters of 2.92% REEs. Recent rare earth element soil assays from the “Carbonatite Syndicate” property returned maximum concentrations of Cerium (Ce) and Lanthanum (La) as high as 1205 ppm and 663 ppm respectively. A diamond drill program is now being planned for 2011.
The 100% owned “Charge” Rare Earth Element prospect is located in northern British Columbia, approximately 50 kilometres southeast of the Kemess Mine operated by Northgate Minerals (NGX – TSX). The “Charge” REE prospect contains significant Rare Earth Element sample results, currently the highest Lanthanum (La) – 1,146 ppm, Yttrium (Y) – 647 ppm and second highest Cerium (Ce) – 1,247ppm samples in the province of British Columbia’s Regional Geochemical Survey (BCRGS) database, with over 7,000 samples recently taken from the region. Management is currently planning an upcoming 2011 work/drill program to commence shortly on the “Charge” REE project.
The “Red Chris South” copper-gold prospect covering over 13,000 acres in north-western BC, contiguous to Imperial Metals Corp (III - TSX) “Red Chris” copper-gold discovery where they recently announced drill intercepts of 528.7 metres grading 1.97 g/t gold and 1.13% copper. Bolero is currently planning a 2011 drill program following the receipt of assay results from recent anomalous soil samples.
Two separate quartz claim blocks covering over 6,500 acres in the “White Gold District” of the Yukon in close proximity to recently announced discoveries by Kaminak Gold Corporation (KAM – TSX.V) at their “Coffee” property and by Underworld Resources Inc. that has recently agreed to a friendly takeover by Kinross Gold Corp. Bolero recently announced the discovery of a significant multi-element soil anomaly on their “White Gold,” Yukon prospect, as result of sampling conducted by Equity Exploration Consultants Ltd.
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