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Bald Butte has indicated resource containing 168.5 million pounds of Molybdenum and inferred resource containing 50.6 million pounds of Molybdenum
VANCOUVER, March 31 /CNW Telbec/ - Bolero Resources Corp. (the "Company" or "Bolero"), (TSX-V: BR...
About this update from Canada Carbon, Inc.
[{"type":"text","content":"\n\n\n\nVANCOUVER, March 31 /CNW Telbec/ - Bolero Resources Corp. (the "Company"\nor "Bolero"), (TSX-V: BRU), (FRANKFURT: U7N) is pleased to report the results\nof its updated mineral resource estimate on its Bald Butte project in Montana.\nA resource report authored by Broad Oak Associates which is National\nInstrument 43-101 compliant will be filed on Sedar within 45 days. The report\nstates that there is an indicated resource of 139,428,000 tons at a grade of\n0.06% Molybdenum (168.5 million pounds of Molybdenum) calculated using a block\nmodel with standard kriging. The report also states there is an inferred\nresource of 45,121,000 tons at a grade of 0.056% Molybdenum (50.6 million\npounds of Molybdenum). These resources were calculated using a 0.04%\nmolybdenum cut-off grade for both categories. The above contained molybdenum\nis the total material contained and does not take into account metallurgical\nrecoveries.\n\n\nThe Bald Butte project is a molybdenum porphyry system that was\ndiscovered in 1964 and explored by Amax in the 1970s and Gulf in the early\n1980s. Work by Amax/Gulf included 55,103 feet of diamond drilling (50 holes)\nand based on the results of these earlier exploration programs, a non NI\n43-101 compliant probable drill indicated resource was estimated by Gulf in\n1983, at 131 million tons grading 0.077% Molybdenum ("Mo") containing 183.4\nmillion pounds of Mo. This historical resource was calculated at a 0.06% Mo\ncut-off.\n\n\n-------------------------------------------------------------------------\n Indicated Mineral Resource\n-------------------------------------------------------------------------\n Tons Grade Grade\n Greater Greater Greater\n than Cutoff than Cutoff than Cutoff Million\nCutoff %Mo (000's) % Mo % MoS2 lbs. Mo\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\n0.04 139,428.0 0.060 0.101 168.5\n\n0.05 93,466.4 0.068 0.114 127.2\n\n0.06 57,529.3 0.076 0.127 87.9\n\n0.08 29,201.5 0.106 0.178 33.4\n\n0.04 45,121.0 0.056 0.094 50.6\n\n0.05 28,206.0 0.063 0.105 35.3\n\n0.06 14,649.0 0.070 0.117 20.5\n\n0.08 1,898.1 0.089 0.149 3.4\n-------------------------------------------------------------------------\n\n\nAlthough some of the results for the 2007 drilling p...