RE: NEWSYes. PLUS $500,000.00 for Red Lake South Bard prop & Chong property! AND the $'s for advancing the other props from the warrant exercising AND the BALD BUTTE PRODUCTION!!!
palladn
My take...
Bald Butte: (Montana) Molybdenum Start Up
Trucking of molybdenite mineralized material from the Bald Butte Quarry to the Antonioli Mill in Phillipsburg, MT has commenced. Also a detailed program of sampling and assaying is currently underway to differentiate the molybdenite sulphide from the oxidized material so that the active areas of removal of material are restricted as much as possible to sulphides. It has been observed that oxidation decreases from east to west and away from the shear zone that hosted the old Bald Butte gold deposits. As this process occurs it is expected that the trucking volume will gradually increase.
Larry Hoffman, P.E., a professional consulting engineer, headquartered in Butte, MT has been retained to oversee the contract milling operations on behalf of the Company. Minor adjustments are required in the mill flow sheet to achieve the results indicated by metallurgical test work, and are being addressed. Milling is expected to commence by month end.
(Thats THIS MONTH! As in 7 days left in March.)
MRTF Inc., a trucking and crushing contractor from Black Eagle, MT has moved a large crusher into the quarry. The crusher is expected to increase quarry productivity and enable continuing increases in the daily quantity of material trucked to Phillipsburg, MT.
(Pior NR's about the bulk tests upgrading to ~1.95x the original amounts per ton shipped from screening now has the added crusher. Good!)
Cannivan Gulch: Molybdenum (Montana)
United Bolero is preparing a submission to the U.S. Forest Service detailing work plans for the year 2006. These plans include drilling the property to confirm results from the extensive drilling and underground development work done by Cyprus/Amoco. This drill program is necessary to bring the Cannivan Gulch deposit into NI 43-101 compliance.
(PERFECT!!! No need to wait for 'summer' to drill UNDERGROUND from INSIDE the TUNNELS!!! For the newbies: Thats 300,000,000+ lbs of MOLY we know is there from past work by those co's!!!)
Copper Star: Copper/Gold (Montana)
The Copper Star land package is contiguous with, and lies to the east and south east of the Coronado Resources Ltd. ground. The Copper Star land package is on federally administered (BLM) public lands, in a known mining district, and is easily accessed by 4 x 4 roads within 2 miles of State Highway 55 and the village of Silver Star, MT.
The Company plans an extensive ground geophysics program. Once drill targets are established, a drill program is expected to commence in summer 2006.
Chong Property: Molybdenum (Ontario)
United Bolero plans to continue its program of geological mapping and prospecting on its extensive ground holdings in the Sudbury District, known as the Chong Property, as soon as the snow cover is gone. A drill program to test the extent of molybdenum mineralization beneath the surface showings will commence in early summer 2006.
(EXCELLENT!)
South Baird Property: Copper/Gold (Ontario)
With joint venture partner, Solitaire Resources, the Company has completed the first 10 holes on the property, and core has been sent for assay. Results are expected back in the next 14 days. Once interpreted, the Company will make a decision whether to further increase the drill program.
(Good. Possibly more drilling soon...)
President R. Bruce Duncan stated, "It is a very exciting time for the Company and its shareholders. All of our mining projects are actively being moved forward. Collectively, the directors have numerous years of experience in the mining industry and have all been extremely helpful in guiding Bolero towards future growth. Given the progression on the Bald Butte, MT project and our healthy cash position, the Company is well positioned for 2006 and beyond."
By 'Early Summer'... June? (~20th is start of 'summer') There will be THREE Moly projects being DRILLED and one in full production kicking off profit$ to fund the others.
The 43-101 for C-Gulch MAY be done by that time...Its confirmation drilling of what we already know is there. Easy.
Chong may hold a huge discovery of that reported .50%-3.0% MoS2...
Possibly more drilling on the Red Lake S.B. prop...
Copper Star will get some more exposure from Coronado drilling soon...
Oil/Gas well(s) should be heard about too...
for .42 cents and a market cap of $18-20 Million with profit$!?
Talk about undervalued!
palladn
:)