Bolero Resources Corp. (TSXV:BRU,FWB:U7N1) announced that drilling has now commenced on the “Carbonatite Syndicate” rare earth element prospect, located in Northern British Columbia.
As quoted in the press release:
Bolero’s drilling will target multiple coincident airborne radiometric and magnetic anomalies with anomalous rare earth and indicator element soil geochemistry, identified through extensive 2010 soil samples that returned maximum concentrations of cerium (Ce) and lanthanum (La) to as high as 1205 ppm and 663 ppm respectively.
Bolero Resources’ President and CEO, R. Bruce Duncan, stated:
This is a very active time for Bolero with the initial drilling now underway on the Carbonatite Syndicate REE prospect as well as recently completed drilling on the Red Chris South prospect, in close proximity to Imperial Metals’ “Red Chris” copper/gold discovery. Analytical results from the Red Chris South drilling are expected to be available shortly as well as the final interpretation of the recently flown airborne survey. All of Bolero’s 2011 drill programs are the very first drilling initiatives on each prospect, testing the highest priority targets on each, with the ultimate goal of making multiple discoveries on our primary projects.”