NR this must be it2006-01-25 12:29 ET - News Release
Mr. R. Bruce Duncan reports
UNITED BOLERO TO DRILL THE SOUTH BAIRD PROPERTY IN RED LAKE, ONTARIO
United Bolero Development Corp. has planned a 10-hole diamond drill program for the South Baird property in Red Lake, Ont., as part of its work program on the recently announced deal with Solitaire Minerals Corp. (see Stockwatch, Jan. 20, 2006). A drill contractor has been confirmed and will commence the diamond drill program on Feb. 15, 2006.
Results from the previously announced 118-line-kilometre aeromagnetic survey by Terraquest Ltd. have been received. Qualitative interpretation by Dr. Allan Spector of Allan Spector & Associates Ltd. of Toronto has defined several drill targets.
The South Baird property adjoins the Starratt-Olsen and Madsen mine (2.45 million ounces of gold production) properties held jointly by Claude Resources and Placer Dome. The Flat Bay-Howey Lake deformation zone hosts the Madsen mine orebody. This deformation zone has been traced to the northern boundary of the South Baird property and Bolero management believes that the zone may extend onto the UNB/SLT ground. The projected extension of the zone is a drill target.
The property is predominantly underlain by an east-northeast-west-southwest-trending sequence of felsic to intermediate volcanic flows, sills and dikes, and mafic volcanic flows, dipping steeply north to subvertically. These supracrustal rocks have been intruded to the south and along the eastern property margin by a variety of narrow, conformable felsic to intermediate sills and dikes (with a possible mafic-ultramafic plug along the eastern margin (Selco, 1976)).
Other targets are the contact areas between the intrusive (mapped variously as a diorite, to gabbro to hornblendeite) and the volcanics along the eastern property boundary. Drill holes in this area will test for similar geology to that found at the Campbell and Goldcorp mines. Drill targets are being located southwest of the New Faulkenham mine as well.
We seek Safe Harbor.