RE: unb has noUNB
Copper Star
In the first quarter of 2006, the Company acquired prospective property in the Silver Star mining district, in Madison County, Montana. Four claims were staked on the property. The property is adjacent to and on strike with, a property being explored by Coronado Resources Ltd called Madison property. Coronado had reported assay results of one of its drill holes of 41.05% copper over a core length of 27 feet within a larger intercept of 64 feet grading 19.24% copper. Additionally, Coronado reported gold assays further down the hole of 54.4 feet of 0.354 ounces of gold per ton. United Bolero staked its 4 claims within 24 hours of the announcement of Coronado's discovery.
During the staking operation, oxidized gossan as well as copper stained (malachite and azurite) material were found on the surface (float) of the properties acquired. More recently, the Company staked an additional two claims (Copper Star No.'s 5 and 6) after a ground survey was completed.
Mr. Marvin A. Mitchell, P. Eng. (BC) is an advisor to the Company, and is the qualified person (as such term is defined in NI 43-101) for the Copper Star Project. Mr. Mitchell recently visited the property to suggest a program of exploration. It was determined that the historic open pit mines and newly discovered mineralized zone on the Coronado ground appears to lie about 2,200 feet or 670 metres to the northwest of the west boundary of Copper Star No.1 Claim and about 1,725 feet or 525 meters east of the east boundary of the newly acquired Copper Star No. 6 Claim.
It also appears from the field examination that the favourable contact between the intrusive and the limestone extends onto the Company's claims for a total of approximately 3,000 to 3,500 feet or 900 to 1,050 metres.
A number of skarn zones showing mineralized material as well as several historic mine pits were noted in this intrusive/limestone contact on the Company's claim further demonstrating that the contact carries skarn throughout the Company's claims and beyond. An exploration program is underway with the surveying of the claims already completed. Additional work such as the Magnetometer-Electro-Magnetic surveys, soils geochemistry surveys and geological mapping will begin shortly. This will be followed by an IP (Induced Polarization) survey. At that point, the data will be evaluated for drill target selection.