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Bolero provides update on Bald Butte Drill Program and results of July 9th, 2007 shareholder meeting
Bolero provides update on Bald Butte Drill Program and results of July 9th, 2007 shareholder meeting.
About this update from Canada Carbon, Inc.
[{"type":"text","content":"\n\n\n\nVANCOUVER, July 16 /CNW Telbec/ - United Bolero Development Corp. (the\n"Company" or "United Bolero"), (TSX-V: UNB) is pleased to provide an update on\nthe 5,500 metre (18,000 feet) diamond drill program currently underway at Bald\nButte.\n\n\nDiamond Drill Program:\n\n\n----------------------\n\n\nDrilling is being conducted in two ten-hour shifts per day. At the end of\nthe July 12, 2007 night shift, 670 metres (2,197 feet) of core has been\ndrilled. Two holes have now been completed. Hole BB07-1 was drilled to a depth\nof 426 metres (1,398 feet) and hole BB07-10 was drilled to 243.5 (799 feet).\nDrilling was started on the third hole (BB07-2) on July 13, 2007.\n\n\nCore Logging and Assaying:\n\n\n--------------------------\n\n\nThe core is being sawed, photographed, and geologically logged at United\nBolero's core facility located in Silver City, Montana, approximately nine\nmiles east of the Bald Butte property. One half of each sample interval is\nbeing shipped to ALS Chemex Laboratories for analysis. On July 11, 2007 the\nCompany shipped 286 metres (938 feet) of core to ALS Chemex Laboratories in\nNevada and anticipates results within the next three weeks.\n\n\nSecond Diamond Drill Arrives:\n\n\n-----------------------------\n\n\nBased on encouraging mineralization recognized in the first two core\nholes, Ruen Drilling, Inc. of Clark Fork, Idaho mobilized a second core\ndrilling rig to the Bald Butte site on Sunday July 15th. This second rig will\nallow the company to fast-track the planned drilling program to ensure that\nthe entire program and possible follow-on drilling can be completed during the\nsummer drilling season.\n\n\nPrevious Work on Bald Butte:\n\n\n----------------------------\n\n\nThe deposit currently shows a NI 43-101 inferred resource of 105 million\ntons at a grade of 0.071% Molybdenum (0.12% MoS2) which was calculated using\nthe polygonal method, containing 150 million pounds of Molybdenum,\n(250 million pounds of MoS2) as stated in the press releases dated December\n14th, 2006, April 10th, 2007 and June 21st, 2007.\n\n\nJohn Childs, Ph.D., Registered Geo (AZ) is the "qualified person" (as\nsuch term is defined by NI 43-101) responsible for the preparation of the\ntechnical information in this release.\n\n\nJuly 9th, 2007 Shareholder Meeting:\n\n\n-----------------...