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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (9872)	4/28/2006 10:45:53 AM
From: koan	Respond to of 78426

Don't know charters, but he has been around a long time and run several companies, including some in the congo. I think he may even have one o fhis own? He also does a lot of staking I know for a living. I don't know too much about him except he was always the "voice of reason" on the threads, smart, the arbiter, and very nice guy. Here is an old NR: United Bolero Development Corp (C-UNB) - News Release United Bolero cuts 0.106% Mo over 78 feet at Bald Butte 2005-08-09 12:56 ET - News Release Shares issued 21,557,241 UNB Close 2005-08-08 C$ 0.11 Mr. Joe Bardswich reports BALD BUTTE DRILL RESULTS United Bolero Development Corp. has provided information on the status of the Bald Butte molybdenum property percussion drill program. Forty-four vertical drill holes, on 50-foot centres, have been completed on the patented Snowbird and Eureka claims. Drilling is continuing and is expected to be completed this week. Samples from 39 of the holes have been split and sent for assay. Thirty-two of the holes have been reclaimed in accordance with the exploration plan requirements. Assay results from nine holes have been received. Seven of the nine holes have near-surface intersections of greater than 0.1 per cent Mo values ranging from 78 feet of 0.106 per cent Mo from 30 to 108 feet in No. P-125 to a high of 72 feet of 0.221 per cent Mo from 36 feet to 108 feet in No. P-126. Assays results are now being received on a daily basis. Previous drilling by Gulf Minerals (details of which were provided to Bolero by the Montana Bureau of Mines & Geology) revealed three holes forming a triangle measuring 300 feet to a side in which mineralization averaging 0.1 per cent molybdenum existed to depths of at least 100 feet starting at 20 to 40 feet below surface. The objective of the percussion drill program was to further define the limits of this mineralization by drilling vertical percussion holes on 50-foot centres with the intent of identifying an area of approximately one acre (150 feet by 300 feet) within, and peripheral to, the triangle of three Gulf holes. It was anticipated that this area would contain near-surface (within 40 feet) molybdenum mineralization grading 0.1 per cent Mo or better. Management is encouraged by the results obtained to date, the target grade was exceeded in seven of the nine holes, but further data from the remaining holes are required before a proper assessment can be made. Preliminary testwork on drill cuttings indicates the possibility that the grade of this mineralized material, if quarried, could be improved by on-site crushing and screening to one-fourth inch. A limited amount of assaying of fine fractions and coarse fractions from the drill cuttings indicates that more than 60 per cent of the values are contained in the fine fraction which measures less than 40 per cent of the total quantity. Investors are cautioned that this work is preliminary only. Testing is continuing. Metallurgical testwork by Gulf in 1980 at Hazen Research on material from one of the holes forming the above-mentioned triangle showed a recovery of 96 per cent Mo in rougher concentrates. Hazen recommended further metallurgical testwork, to define parameters to achieve a saleable cleaner concentrate, but apparently this was not pursued. (The Gulf metallurgical documentation was provided by Montana Bureau of Mines & Geology.) Reject material from percussion drill samples, after splitting, have been forwarded to the metallurgical labs at both Hazen Research, Golden, Colo., and N.A. Degerstrom Inc., Spokane, Wash., for further flotation testwork. An operating flotation mill (the Contact mill at Phillipsburg, Mont.) with trained crew and nominal capacity of approximately 1,000 tons per day is located within 80 road miles of the Bald Butte property. Bolero management has initiated preliminary contract milling discussions with the mill owners. The Montana Department of Environmental Quality (DEQ) has requested that Bolero provide composite samples from assay reject material from each of 10 designated holes for purposes of acid base accounting. Three of these 10 holes will be further analyzed for trace element metals. The purpose of these additional tests is to ensure that hazardous elements would not present a problem if mining were to proceed. These samples will be sent to Energy Labs Inc., Billings, Mont. Bolero management is preparing a submission to the Montana DEQ, applying for an exclusion from the permitting requirements of the Metal Mines Reclamation Act (under the small miner's provisions of that act), to operate a small quarry on the Bald Butte property. The purpose of the quarry would be to provide mill feed to the contract mill. It is becoming apparent that the zone of more than 0.1 per cent Mo mineralization continues off of the Bolero patented ground onto BLM administered federal surface lands on which Bolero holds the mineral rights. Bolero management is preparing a submission to the BLM for permission to conduct both drilling and mining operations on this property. L.J. Bardswich, PEng (Ontario), is the qualified person on the Bald Butte project for purposes of National Instrument 43-101. Mr. Bardswich is the on-site manager of the percussion drill program and he prepared the technical information contained in this news release. Mr. Bardswich is a director of United Bolero Development Corp., owns shares in United Bolero, and is not an independent person as defined by National Instrument 43-101. Investors are cautioned that historical reports on the Bald Butte project are not in compliance with National Instrument 43-101 and have not been reviewed in detail by, nor prepared by, a qualified person as defined by NI 43-101. The Bald Butte deposit cannot be defined as a proven or probable resource or reserve at this time. Sample splitting is being conducted on site under the supervision of the QP, L.J. Bardswich, PEng. Sample splits are being submitted to the assay laboratory of Chris Christopherson Inc., Kellogg, Ind., for analysis by AA methods. Samples submitted include blanks and standards as part of the company's quality control program. Random duplicate splits of approximately 6 per cent of the samples are being sent to Swastika Laboratories Ltd., Swastika, Ont., for comparison assaying. We seek Safe Harbor.