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Gold/Mining/Energy : MOLYMANIA the race is on

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From: Condor	7/19/2005 11:23:20 AM
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United Bolero drills 11 holes at Bald Butte 2005-07-19 06:08 ET - News Release Mr. Blair Naughty reports UNITED BOLERO PROVIDES DRILLING UPDATE ON BALD BUTTE United Bolero Development Corp. has released a drilling update on the company's Bald Butte molybdenum property in Montana. To date, 11 holes have been drilled on the property of the proposed 50-hole program. Eight holes have been split and sent for assay, and are expected back within a week to 10 days. It is expected that the program will be completed by the middle of August, 2005, and results will be evaluated to determine the viability toward potential small-scale production. The plan calls for the drilling of 50 holes to determine the extent of shallow molybdenum mineralization on the patented Snowbird and Eureka claims (Bald Butte). Reports authored by Gulf Mineral Resources Co. recording the results of drilling in this area indicate a grade of 0.121 per cent molybdenum over 107 feet from 35 feet to 142 feet in vertical hole GBB-34. The historical reports authored by Gulf Mineral Resources Co. on the Bald Butte molybdenum deposit are not in compliance with National Instrument 43-101. The historical reports on the Bald Butte project have not been reviewed in detail by, nor prepared by, a qualified person as defined by NI 43-101, and investors are cautioned not to rely on historical estimates and statements. We seek Safe Harbor.

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