Bolero Resources Corp. (TSXV:BRU,FWB:U7N1) announced that work is now underway on the 100% owned “White Gold” prospect located in the White Gold District/Stewart River area of the Yukon.
As quoted in the press release:
Field crews have been mobilized and sampling, mapping and prospecting programs have commenced to further define the significant multi-element soil anomaly discovered during the 2010 sampling program.
Bolero’s “White Gold,” prospect consists of 12 quartz claims, covering over 6,500 acres, in two separate claim blocks. These claims are underlain by the same quartz-muscovite and chlorite-muscovite schist of the Nasina Assemblage that hosts the deposits on Kinross Gold’s property, presenting an attractive exploration target.
Bolero Resources’ President and CEO, R. Bruce Duncan, stated:
“This comprehensive work program will help to further define the significant multi-element soil anomaly, discovered on our “Nicolas” claim block during our 2010 Yukon work program. Bolero anticipates a very active 2011work season with drilling now underway on the “Red Chris South” prospect, contiguous to Imperial Metals’ (III-TSX) “Red Chris” copper-gold discovery. Additional drilling is planned to commence shortly on the “Carbonatite Syndicate” Rare Earth Element prospect, and the “Charge” “REE” prospect, following the completion of airborne surveys, now being flown. Drilling is fully funded, drill permits are in place and the first of these drill programs is now underway.”
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