VANCOUVER, April 10 /CNW Telbec/ - United Bolero Development Corp. (the
"Company" or "United Bolero"), (TSX-V: UNB) is pleased to announce it has
engaged Ruen Drilling, Inc. of Clark Fork, Idaho to conduct a 5,500 metre
(approximately 18,000 feet) drill program on United Bolero's Bald Butte
deposit. The deposit currently shows a NI 43-101 inferred resource of
105 million tons at a grade of 0.071% Molybdenum (0.12% MoS2) which was
calculated using the polygonal method, containing 150 million pounds of
Molybdenum, (250 million pounds of MoS2) as stated in the press release dated
December 14th, 2006:
This NI 43-101 resource was prepared by Broad Oak Associates (an
independent) and the Company is now undertaking the program recommended in
this Technical Report to increase the geological knowledge of the deposit.
This program will start on or about the middle of May 2007. The Bald Butte
Project is located 28 miles northwest of Helena, Montana in Lewis and Clark
Key Objectives of 2007 Drill Program:
- To conduct confirmatory infill and step out drilling to expand the
overall resource and upgrade portions of it to the measured and
indicated categories and;
- To conduct additional exploratory drilling in the area of the Bald
Butte pit where high grade mineralization has been reported previously.
(see press release on May 3rd, 2006:
John Childs, Ph.D., Registered Geo (SME) is the "qualified person" (as
such term is defined by NI 43-101) responsible for the preparation of the
technical information in this release.
United Bolero is listed on the TSX-Venture Exchange under the symbol UNB,
as well as the Frankfurt Exchange under U7N. For more information, please
visit www.unitedbolero.com or call toll-free 888-945-4770.
On behalf of the Board of Directors
"R. Bruce Duncan"
President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com