Bolero Resources Corp.: Positive Assays Confirm Rare Earth Elements in Soil Grids

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Tue, Jul 20, 2010
Rare Earth Company News
Post by Anne Bagchi, Rare Earth Researcher

Bolero Resources Corp. (TSX VENTURE:BRU)(FRANKFURT:U7N1) announced that it has received initial assays from silt and soil samples taken from the 100% owned “Carbonatite Syndicate” Rare Earth Element claim group located 80 km north east of Prince George, BC.

The press release is quoted as saying:

Soil and silt sampling on Bolero’s “Carbonatite Syndicate” claim group has been effective at generating significant local and regional Rare Earth Element (“REE”) geochemical targets worthy of prompt follow up. In total, data from 152 silt and 181 soil samples have been returned from ALS Global Labs. Geological mapping, prospecting, and scintillometer surveys are being carried out in conjunction with silt and soil sampling to build a framework for defining additional prospective areas and for understanding geochemical anomalies in this underexplored region.

Click here to access the entire press release

Click here to access Bolero Resources Corp. Corporate Site

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  • M. Montgomery

    In my statement that batteries will “provide a much needed new market,” It means that manganese is tied in to the steel market, just as with many base metals used in alloys, like molybdenum. Therefore the manganese market is dependent and price is tied to the whims of the steel market almost entirely.

    Diversification is a good thing, by increasing market size, and demand, the rising price of manganese should lead to inflows of investments in mining companies such as American Manganese and others, increasing supply to meet the new demand. At least according to economic fundamentals. These projects do take time to catch up and reach homeostasis.

    For example, as China’s economy slows, and steel demand for large infrastructure projects decrease, manganese will decrease as well. However, if manganese takes off as a battery material in consumer good that will still be in high demand regardless of large infrastructure projects, the demand for manganese will remain high, therefore mitigating the impact of slowing steel production.

    Does this help clarify?

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