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Bolero announces drilling results for Cannivan Gulch project
Hole CG07-2 averaged 0.097% Mo from surface to the end of the hole at 1,475 feet (including 0.212...
About this update from Canada Carbon, Inc.
[{"type":"text","content":"\n\n\n\nHole CG07-2 averaged 0.097% Mo from surface to the end of the hole at\n\n\n1,475 feet (including 0.212% Mo over 68.5 feet)\n\n\nVANCOUVER, Jan. 7 /CNW Telbec/ - Bolero Resources Corp. (the "Company" or\n"Bolero"), (TSX-V: BRU), (FRANKFURT: U7N) is pleased to announce the\nanalytical results for the two core holes drilled in 2007 at the Cannivan\nGulch molybdenum project, Beaverhead County, Montana.\n\n\nRESULTS OF THE 2007 DRILLING PROGRAM\n\n\nA helicopter-supported core drilling program was initiated by Bolero at\nCannivan Gulch in 2007. Two holes were drilled vertically in the northern part\nof the mineralized zone and before bad weather forced the suspension of\ndrilling.\n\n\nHOLE CG07-2\n\n\nHole CG07-2 was drilled as a step out approximately 200 feet north of the\neast-west section containing old holes CG-22 and CG-23, and 155 feet north of\nangle hole CG-13 which only encountered mineralization at a depth of\napproximately 400 feet below surface.\n\n\nThe entire 1,475 foot length of this hole is in mineralization and strong\nalteration. The average grade for the entire hole is 0.097% Mo. The hole\nincludes intercepts of 0.212% Mo over 68.5 feet, 0.349% Mo over 20 feet,\n0.591% Mo over 10 feet, and 0.511% Mo over 10 feet. This hole is especially\nsignificant because it extends strong near-surface mineralization\napproximately 200 feet northward beyond the previously defined limits of the\nmain zone of mineralization.\n\n\nMr. R. Bruce Duncan, President and C.E.O of the Company noted that only\nscattered intervals totaling 118.5 feet of this deep hole carried less than\n0.03% Mo which was the cut off grade utilized in the historic resource\ncalculation by Amoco Minerals in June 1982. He stated that "this continuous\nmineralization over nearly 1,500 feet, in a 200 foot step out hole, confirms\nthat this property has the ability to host a very significant large tonnage\nmolybdenum deposit. The distribution of above 0.03% Mo throughout the hole\nindicates that the mineralization is both strong and abundant (pervasive). An\nintersection of 1,475 feet grading 0.097% at the edge of the known\nmineralization suggests that the size and grade of the deposit could be\nsignificantly increased with further drilling."\n\n\nTable 1: Core Hole CG07-2- Significant intervals (Mo greater than 0.10%)\n\n...