Bolero Assays Over 27,000 PPM “Tree” From Northern BC REE Prospect

Bolero Resources Corp. (TSXV:BRU) reports that it has received 584 additional assay results from “Carbo” area of northern BC.

The press release is quoted as saying:

These new soil assays from the NE corner of Bolero’s claim block, have increased concentrations of Cerium (Ce) and Lanthanum (La) to over 10,000 ppm, surpassing the analytical maximum of the assay method and far exceeding previous numbers of up to 1,205 ppm (Ce) and 663 ppm (La). Maximum levels of Praseodymium (Pr) also returned over 1,000 ppm from soil samples, further confirming the presence of significant levels of Rare Earth Elements on Bolero’s property.

Bolero’s President and CEO, R. Bruce Duncan says:

“We are encouraged by the substantial increase in Rare Earth Element values from our most recent sampling and look forward to the upcoming 2011 drill programs now being planned. Bolero currently has approximately $3,700,000 in cash and anticipates a robust 2011 drill season for all 3 of Bolero’s primary projects: The “Red Chris South” (Copper/Gold), The “Carbonatite Syndicate” (Rare Earth Element), and the “White Gold” Yukon.”

Click here to access the entire news release.

Click here to access Bolero’s company profile.