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Bolero drills 110 feet of 0.106% Mo (0.177% Mos2) at Bald Butte
Bolero drills 110 feet of 0.106% Mo (0.177% Mos2) at Bald Butte.
About this update from Canada Carbon, Inc.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Oct. 17 /CNW Telbec/ - Bolero Resources Corp. (the "Company"\nor "Bolero"), (TSX-V: BRU) is pleased to announce the analytical results for\nthe first four diamond drill holes of the 2007 exploration program at the\nCompany's Bald Butte molybdenum project in Montana. All holes were designed to\ntest the continuity and limits of mineralization defined in the NI 43-101\ncompliant report dated December 12, 2006 which has been filed on Sedar. This\ndata will confirm the confidence that Bolero has in the resource. Upon\ncompletion of the present drill program, the Company will calculate an updated\nNI 43-101 compliant resource which is scheduled for completion by the end of\nthe first quarter 2008.\n\n\nThe attached table shows the significant intercepts resulting from holes\nBB07-1, BB07-2, BB07-5, and BB07-10. We have used a 0.04% Mo cut-off for the\nsignificant intercepts and have therefore only listed those intercepts that\nare at least 20 feet in thickness and have grades of 0.04% Mo or greater.\n\n\nSIGNIFICANT INTERCEPTS, CORE HOLES BB07-1, 2, 5, AND\n10, BALD BUTTE MOLYBDENUM PROJECT, LEWIS AND CLARK COUNTY,\nMONTANA UNITED BOLERO DEVELOPMENT CORP., OCTOBER 7, 2007\n\n\nHole From To Intercept Avg Mo%\nNumber Feet Feet Thickness\n----------------------------------------------\n----------------------------------------------\n\nBB07-1 188 238 50 0.040\n 238 268 30 0.072\n 268 298 30 0.123\n 298 408 110 0.048\n 578 598 20 0.041\n 778 798 20 0.176\nBB07-2 30 150 120 0.060\n 150 170 20 0.140\n 170 200 30 0.044\n 200 230 30 0.090\n 230 310 80 0.045\n 310 360 50 0.064\n 360 470 110 0.106\nBB07-5 160 189.3 29.3 0.045\n 189.3 240 50.7 0.064\n 260 370 110 0.068\n 370 400 30 0.104\n 400 509.2 109.2 0.085\n 509.2 530 20.8 0.122\n 530 629.5 99.5 0.072\n 629.5 670 40.5 0.047\n 690 720 30 0.077\nBB07-10 229 299 70 0.049\n 349 389 40 0.045\n 389 409 20 0.088\n 479 499 20 0.046\n 529 559 30 0.048\n 559 579 20 0.060\n 749 779 30 0.042\n\nThe inclination of the four holes and their total depths are as follows:\n\nHole Number Inclination Total Depth (feet)\n\nBB07-1 -70 (degrees) 1,398\nBB07-2 -90 (degrees) 469.5\nBB07-5 -90 (degrees) 1,400\nBB07-10 -90 (degrees) 799\n\n\nThree of the four new holes were drilled to the depths planned but hole\nBB07-2, which we had planned to drill to a depth of 1,000 feet, en...