Bolero Resources Corp. - Arcadia drilling commences

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[{"type":"text","content":"\n\n\n\nVANCOUVER, May 29 /CNW Telbec/ - BOLERO RESOURCES CORP. ("Bolero" or the\n"Company") (BRU-TSX:V)(U7N - FRANKFURT) announces today that the camp is now\nset up on Arcadia and drilling is about to commence. Bolero has the right to\nearn 50% of the Arcadia Property from Alix Resources Corp (AIX-TSX:V)\n(37N-FRANKFURT).\n\n\nThe Arcadia property represents an Archean lode-gold deposit located on\nthe Arctic Ocean in Canada's Nunavut territory, west of Bathurst Inlet and\n140 kilometres west of Miramar Mining's Hope Bay greenstone belt. The property\nhas a historic resource estimate of 640,650 tonnes averaging 7.2 grams per\ntonne gold (containing about 148,000 ounces of gold) in the north-central vein\nand 139,524 tonnes averaging 8.6 g/t gold (or 38,600 contained ounces of gold)\nin the Fred vein reported. These resource estimates were completed prior to\n2001 and without a compliant technical report and in a manner inconsistent\nwith National Instrument 43-101 and other disclosure requirements.\n\n\nDean Besserer, P.Geo of Apex Geological Services in Edmonton, and a\nqualified person as defined by NI 43-101, has approved the technical\ninformation in this release and is the qualified person for this project.\n\n\nBolero Resources Corp. is a Canada-based molybdenum mineral development\nand exploration company. Our primary assets are 100% interests in two\nsignificant molybdenum properties located in Montana, USA, which are the Bald\nButte and Cannivan Gulch properties. The Company is listed on the TSX-Venture\nExchange under the symbol BRU, as well as the Frankfurt Exchange under U7N.\nFor more information, please visit www.boleroresources.ca or call toll-free\n888-945-4770.\n\n\nOn behalf of the Board of Directors\n\n\n"R. Bruce Duncan"\n\n\nPresident & CEO\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n","length":2000,"tagName":"div"}]

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