Bolero Resources Corp.

Bolero Resources Corp.

March 29, 2010 03:01 ET

Bolero Commences Work Program on Red Chris Prospect Contiguous to Imperial Metals (III -TSX)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 29, 2010) - Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU), (FRANKFURT:U7N1) is pleased to announce that Terracad Geoscience Services Ltd. has been retained to initiate the planned work program on Bolero's 100% owned Red Chris Prospect contiguous with Imperial Metals Corp. (III – TSX). This program will focus its efforts on the Eskay Creek- style mineralization, intrusion and alterations discovered in 1998 by Homestake Canada Inc.

Bolero's 100% owned Red Chris prospect is comprised of twelve strategic claims with over 10,000 acres in the Red Chris area of north-western British Columbia. The claims are contiguous with the Red Chris copper-gold property where Imperial Metals Corp. recently announced assay results of 152.5 metres grading 4.12% copper and 8.83 g/t gold, averaging 2.00% copper and 3.80 g/t gold over 432.5 metres. The newly acquired prospect is underlain by upper Triassic-age Stuhini volcanic and sedimentary formations that are the principal host rocks of the Red Chris deposit. The property border is only 5.5 kilometres southwest of the Red Chris east zone discovery.

Bolero Resources' President and CEO, R. Bruce Duncan stated, "This is a very exciting time for Bolero Resources Corp. with multiple active projects now underway. We are pleased to be moving forward quickly with the planned work program on this prospect bordering Imperial Metals' still evolving, possibly world class, Red Chris exploration property."

Initial Program:

The initial work will comprise of property reconnaissance and permitting followed by field work when conditions are suitable. A temporary camp will be required and work will include prospecting, geological reconnaissance, grid preparation, geochemical soil sampling and/or MMI (mobile metal ion) soil sampling, magnetometer survey, possibly a VLF-EM survey, and rock chip sampling of any mineral zones. Upon completion of the initial program and evaluation of results, it may be possible to proceed to more detailed property work including drilling. 

Historic work on the property

Work in 1998 in the area of the newly acquired tenures by Homestake Canada Inc., including geological mapping and geochemical sampling, outlined stratigraphy prospective for Eskay Creek-style mineralization. Nearby intrusions have alteration and other characteristics similar to those observed at the Red Chris deposit. (Reference: ARIS No. 25767)

Erik Ostensoe, P. Geo., the Company's Independent Qualified Person as defined by National Instrument 43-101, has reviewed and accepts responsibility for technical information contained in this news release.

Bolero Resources Corp. is a Canada-based Molybdenum, Gold, and Rare Earth Element mineral development and exploration company. Our primary assets include: 100% interest in the Cannivan Gulch Molybdenum property located in Montana, USA; A 100% interest in twelve strategic claims in the Red Chris area of north-western BC, contiguous to Imperial Metals Corp (III.V); and 100% interest in 43 mineral claims prospective for Rare Earth's covering approximately 16,072 hectares, contiguous to Spectrum Mining Corporation in Northern BC. The Company is listed on the TSX-Venture Exchange under the symbol BRU, as well as the Frankfurt Exchange under U7N1. For more information, please visit

On behalf of the Board of Directors

R. Bruce Duncan, President & CEO

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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