Mr. R. Bruce Duncan reports
BOLERO ACQUIRES SECOND MAJOR LAND PACKAGE PROSPECTIVE FOR RARE EARTH ELEMENTS
Bolero Resources Corp. has acquired 67 mineral claims covering over 76,801 acres of land prospective for rare earth elements in the Carbo area of northeastern British Columbia. Bolero's land package is contiguous to Canadian International Minerals Inc. and recent rare earth element discoveries by Spectrum Mining, which announced significant drill results of 48.64 metres of 3.55 per cent combined rare earth elements, 144 metres of 2.2 per cent REE and 72 metres of 2.92 per cent REE. This new acquisition increases Bolero's 100-per-cent-owned Carbonatite Syndicate rare earth element prospect to 206 mineral claims covering approximately 217,088 acres lying within 400 metres of known, mapped carbonatite structures containing highly anomalous rare earth elements.
Bolero Resources' president and chief executive officer, R. Bruce Duncan, stated: "Bolero has now staked a second major land package in close proximity to recent rare earth element discoveries in the Carbo area of northeastern B.C. These new claims are contiguous to Zimtu Capital Corp. and cover the northwestern extent of the area prospective for rare earth elements, positioning Bolero on trend with both the northwest and southeast sides of the discovery area. Bolero now has the largest contiguous land package, virtually surrounding the discovery area, and has recently secured multiple strategic claims previously owned privately by Spectrum Mining Corp. Bolero anticipates a large number of assays to be available shortly, and with drill permits now in place, the commencement of a multihole drill program designed to test existing and newly identified anomalies on up to three separate drill sites."
Five hundred eighty-four soil, silt, and rock samples from multiple areas of interest were sent out for assay to ALS Chemex Laboratories. Twenty-two of these samples were taken from Bolero's recent acquisition of ground previously owned by Spectrum Mining Corp. These assays are expected to be available shortly and will provide significant insight that will be used to establish drill targets for Bolero's upcoming drill program. To date, Bolero has identified several geochemical anomalies defined by silt and soil assays (cerium and lanthanum to as high as 1,205 parts per million and 663 ppm, respectively). Anomalous airborne radiometric responses are confirmed in areas with high REEs in soil samples, and a second airborne anomaly of equal magnitude has now been silt sampled with assays pending.
David Turner, MSc, PGeo, an independent qualified person (as such term is defined by NI 43-101) is responsible for the review of technical information in this release.