OTCPK:BRNGF - Post by User
Post by
long34on Feb 13, 2008 11:58pm
214 Views
Post# 14370596
BRU''s Silver Creek property
BRU''s Silver Creek propertyBolero Secures Large Undeveloped Molybdenum Property in Colorado
The Company is pleased to announce that it has entered into a Letter Agreement to acquire certain private surface and mineral rights (including patented claims) that host the Silver Creek molybdenum project and other copper-gold occurrences located in the Pioneer Mining District, Colorado.
The Silver Creek molybdenum project was explored by The Anaconda Company, from surface and underground during the period 1979 through 1983 with 63,000 feet of drilling completed. In May of 1984, Anaconda reported a historic inferred resource based on four drill holes of 44 million short tons (39.9 million tonnes) at a molybdenum (“Mo”) grade of 0.31% Mo, or 0.527% MoS2, within a 0.20% molybdenum cut-off, containing 273 million pounds of molybdenum.