LOI To Acquire Nevada Silver-Gold Property

VANCOUVER - Bolt Metals Corp. reported the signing of a letter of intent (LOI) for the acquisition of 1261799 BC Ltd. which will provide Bolt with an option to earn 100% ownership of the Cherry Creek Property, Nevada. Concurrent with the Proposed Transaction Bolt will complete a 6.5 old for 1 new share consolidation.

The Cherry Creek Property consists of 24 contiguous patented mineral claims in White Pine County, Nevada. The Property claims are accessible by 1.5 kilometers of gravel service road from interstate paved highway and lie approximately 80 kilometers north of the city of Ely, Nevada.

Gold, silver and base metals were discovered in the Cherry Creek District as early as 1861 and associated deposits of scheelite (an ore of tungsten), were discovered and mined between about 1915 and 1958.