Bolero Commences Baird Gravity SurveyVANCOUVER, BC, Mar 25, 2004 (CNW Telbec via COMTEX) --
United Bolero Development Corp. (the 'Company', 'United Bolero')(TSX.V-UNB) is pleased to announce that a complete gravity survey has commenced on the company's mining project (The Baird property) located in Red Lake, Ontario on March 23, 2004. Allan Spector &As
sociates Ltd, of Toronto will perform the work program, with results expected in two to three weeks. Bolero has the right to earn a 50% interest in the property from Solitaire Minerals by spending $500,000 over a three-year period.
The property lies south of, and adjoins, the large Claude Resources (CRJ - TSE)/Placer Dome (PDG - TSE) property which contains the past producing Madsen, and Starratt-Olsen Mines, and is currently the subject of extensive exploration activity by Placer Dome.
The Company announces that it has granted Director /Officer/ Consultant/ Employee incentive stock options of the company to purchase in the aggregate 225,000 common shares in the capital stock of the Company per the Company's Stock Option Plan. The options are exercisable on or before March 24, 2009 at price of $0.32 per common share.
On Behalf of the Board of Directors
Signed:
'MICHAEL ENGLAND'
'The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.' %SEDAR: 00005928E
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: https://www.newswire.ca/en/releases/orgDisplay.cgi?okey=66453
For further information: please contact the Company at (604) 913-1160;United Bolero Development Corp., Fax: (604)-913-1178,info(at)unitedbolero.com, Web: www.unitedbolero.com; Renmark FinancialCommunications: John Boidman, jboidman(at)renmarkfinancial.com; Henri Perron,hperron(at)renmarkfinancial.com; Media: Colette Saulnier,csaulnier(at)renmarkfinancial.com; (514) 939-3989; www.renmarkfinancial.com
News release via Canada NewsWire, Montreal 514-878-2520
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