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by Will Purcell

The critical and specialty minerals stocks box score for Thursday was a mediocre 64-101-145 as the TSX Venture Exchange dipped one point to 1,015. Zachary Kotowych's Bolt Metals Corp. (BOLT) slid 12 cents to 51 cents on 152,000 shares. The company is acquiring an option allowing it to earn a 100-per-cent interest in the Floralia iron ore project in Brazil from a subsidiary of Brett Matich's Max Resource Corp. (MAX: $0.31). To do so, Bolt must issue 26.8 million shares over a 30-month period -- or whatever additional number it takes to achieve at least a 25-per-cent interest in Bolt.

Floralia, Bolt cheers, hosts an initial oxide exploration target -- a big chunk of rust, essentially -- which tallies to between 50 million and 70 million tonnes grading between 55 to 61 per cent iron. Further, the company enthuses, the material is amenable to magnetic recovery, with dry testing achieving "impressive results of 59 per cent to 69 per cent iron, with mass recoveries ranging from 58 per cent to 79 per cent."

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