Bolero Resources has begun the ground work at the Red Chris South prospect, which is situated in northwest British Columbia, adjacent to Red Chris copper-gold discovery of Imperial Metals.
Imperial Metals recently reported 1.97 g/t gold and 1.13% copper over 528.7 m and 1.26 g/t gold and 1.01% copper over 1024.1 m in March 2011. The company is expecting to start the diamond drill program at the Red Chris South prospect in July 2011, after the completion of the ongoing primary ground work.
The focus of the primary work at Red Chris South prospect will be on geochemical sampling and geological mapping in the claims’ western part, which was unexplored in the 2010 drill program. Discovery Consultants of Vernon, B.C is executing this work and will also manage the future drilling, core logging and splitting and maintain the integrity of the sample till the delivery of material to the analytical lab.
Bolero has engaged Falcon Drilling of Prince George to drill around 400 m deep, totaling four holes, in July 2011. Two holes will examine the eastern IP anomaly and the other two will analyze the western IP anomaly, which were discovered in the geophysical survey conducted in 2010.
The CEO and President of the company, R. Bruce Duncan said that the Red Chris South prospect demonstrates analogous geological characteristics of Red Chris copper-gold discovery and can become Bolero’s flagship project. Bolero has planned to drill in July 2011 to examine the several significant anomalies that were found through 2010 IP surveys and sampling programs. It has planned to drill Charge REE prospect, Red Chris South prospect, and the Carbonatite Syndicate REE prospect, all situated in British Columbia.