Bolero secures molybdenum property

Posted by egable on October 26th, 2007 filed in Mining

Bolero Resources Corp. has agreed to pay $10 million for private surface and mineral rights for the Silver Creek molybdenum project and other copper and gold deposits in Dolores County, about 20 miles southwest of Telluride.

The Silver Creek molybdenum project was explored by the Anaconda Co. from 1979 through 1983. Anaconda estimated the potential of the mineral deposit to be up to 198 million tons of molybdenum.