Mr. R. Bruce Duncan reports
SIGNIFICANT COINCIDENT IP AND GEOCHEM ANOMALIES IDENTIFIED ON BOLERO'S RED CHRIS "SOUTH" PROSPECT
Bolero Resources Corp. has identified significant anomalies on the Red Chris South prospect, which is contiguous to Imperial Metals Corp.'s Red Chris copper-gold property where it announced a drill hole intercept of 528.7 metres, grading 1.97 grams per tonne gold and 1.13 per cent copper. The anomalies have been identified using a 55-kilometre induced polarization survey and 560 MMI soil samples
Terracad Geoscience Services Ltd. has reviewed the IP and MMI data and in a preliminary report stated the following: "The geophysical survey included 55 line kilometres of deep-penetrating induced polarization, a method that has been successfully applied at the Red Chris project. Bolero's survey was designed to identify deep sulphide-bearing targets that could represent Red Chris-type mineralization." Additionally, John Buckle, PGeoph, PGeo, stated: "The survey detected a relatively strong chargeability anomaly near the eastern portion of the property that appears to lie at a depth starting at about 300 metres and is open to depth. Its apparent width is in the order of 350 metres and the target was detected on two lines spaced 200 metres apart."
The MMI soil survey results for gold and copper confirm and coincide with the extensions of the east-west elongated IP anomaly. The reconnaissance MMI grid overlaid the anomaly and includes the highest values for copper and gold of the total phase I geochemical survey of 2010 (phase II of exploration is in progress). The geophysical/geochemical anomaly is interpreted to have the characteristics of a mineralized intrusive and warrants further exploration.
Interpretation of the geophysical survey data has revealed two distinct faults on the Red Chris South property; one of which appears to be the extension of a southside-down normal bounding fault that lies between the Bowser Lake group sedimentary rocks and the Red Stock that host the Red Chris-Imperial Metals deposit. This fault extends through the same sedimentary rocks on Red Chris South property. A second, semi-parallel fault passes through the identified IP anomaly.
At least two other IP chargeability and geochemical anomalies have been identified on the boundaries of the IP survey and are recommended for further exploration.
Bolero recently acquire"SOUTH" PROSPECT
Bolero Resources Corp. has identified significant anomalies on the Red Chris South prospect, which is contiguous to Imperial Metals Corp.'s Red Chris copper-gold property where it announced a drill hole intercept of 528.7 metres, grading 1.97 grams per tonne gold and 1.13 per cent copper. The anomalies have been identified using a 55-kilometre induced polarization survey and 560 MMI soil samples
Terracad Geoscience Services Ltd. has reviewed the IP and MMI data and in a preliminary report stated the following: "The geophysical survey included 55 line kilometres of deep-penetrating induced polarization, a method that has been successfully applied at the Red Chris project. Bolero's survey was designed to identify deep sulphide-bearing targets that could represent Red Chris-type mineralization." Additionally, John Buckle, PGeoph, PGeo, stated: "The survey detected a relatively strong chargeability anomaly near the eastern portion of the property that appears to lie at a depth starting at about 300 metres and is open to depth. Its apparent width is in the order of 350 metres and the target was detected on two lines spaced 200 metres apart."
The MMI soil survey results for gold and copper confirm and coincide with the extensions of the east-west elongated IP anomaly. The reconnaissance MMI grid overlaid the anomaly and includes the highest values for copper and gold of the total phase I geochemical survey of 2010 (phase II of exploration is in progress). The geophysical/geochemical anomaly is interpreted to have the characteristics of a mineralized intrusive and warrants further exploration.
Interpretation of the geoph