The Conversation (0)
Bolero Resources Corp. (CVE:BRU) reports it has acquired a 100% interest in the “Charge” rare earth element prospect located in northern British Columba, Canada.
The press release is quoted as saying:
Bolero’s “Charge” REE prospect currently contains the highest Lanthanum (La) (1146 ppm), Yttrium (Y) (647 ppm), and second highest Cerium (Ce) (1247 ppm) samples in the province of British Columbia’s Regional Geochemical Survey (BCRGS) database, with over 7000 samples recently taken from the region.
Bolero’s President and CEO, R. Bruce Duncan says:
“The acquisition of the “Charge” REE prospect significantly increases Bolero’s Rare Earth Element asset portfolio and provides shareholders with a fourth active project for the 2011 work season. We are excited to commence operations on the “Charge” REE prospect and are greatly encouraged by the presence of British Columbia’s highest sampling values for Lanthanum, Yttrium, and the second highest values for Cerium Rare Earth Elements, on Bolero’s property. A work program is now being planned for the “Charge” prospect to further define Rare Earth Element values in the existing anomalous areas. Bolero currently has approximately $3,700,000 in cash and anticipates a robust 2011 drill/work season for all of Bolero’s primary projects including: The “Red Chris South” (Copper/Gold), The “Carbonatite Syndicate” (Rare Earth Element), the “White Gold” Yukon, and the new “Charge” REE properties.”
Click here to access the entire news release.