Bold Stakes Claims Near Springpole and Grants Options
Bold Stakes Claims Near Springpole and
Grants Options
Toronto, Ontario--(Newsfile Corp. - January 23, 2025) - Bold Ventures Inc. (TSXV: BOL) (the
"
Company
" or "
Bold
") is pleased to announce that the Company has staked 208 single cell claims
covering 4180 hectares. The property, named the Springpole East Gold Project, is located 120 km east-
northeast of the town of Red Lake, Ontario, and 9 km east of the Springpole Gold Deposit of First Mining
Gold Corp ("First Mining") (
Figure 1
), which contains a resource of 4.6 Moz Au @ 0.94 g/t Au in the
Indicated Mineral Resource category and 0.3 Moz Au @ 0.54 g/t Au in the Inferred Mineral Resources
category (
First Mining website
).
Additionally, the Canamer or Birch Lake East Occurrence is located approximately 1.3 km west of the
Property boundary, where First Mining obtained a result of 15.3 g/t Au from a grab sample in 2022 (
First
Mining January 17, 2023 news release
)
. The showing is hosted in banded iron formation, a rock type
which has been mapped in the northwest part of the Springpole East Property, corresponding to
prominent magnetic anomalies (
see Figure 2
).
The Property area was most recently explored in 2022 by GoldON Resources Ltd. ("GoldON"), which
carried out a high-resolution airborne magnetic survey as well as prospecting programs, resulting in the
discovery of angular boulders of altered granitic rock returning from 191 to 1270 ppb Au (
GoldON
October 9, 2022 news release
). From an historical perspective the property area has seen very little
systematic exploration work (
see Figure 2
).
The Company also reports that it has granted 2,200,000 options to Bold's Management. Directors,
Consultants and Advisors. The options will expire in five years and have an exercise price of 7 cents
($0.07) representing a 40% premium to the closing price of the Company's common shares on January
22, 2025. These newly issued options bring the total issued to 74% of the available options under the
Company's Stock Option Plan.
The technical information in this news release was reviewed and approved by Coleman Robertson,
B.Sc., P. Geo., the Company's V.P. Exploration and a qualified person (QP) for the purposes of NI 43-
101.
Bold Ventures management believes our suite of Battery, Critical and Precious Metals
exploration projects are an ideal combination of exploration potential meeting future demand
.
Our target commodities are comprised of: Copper (
Cu
), Nickel (
Ni
), Lead (
Pb
), Zinc (
Zn
), Gold (
Au
),
Silver (
Ag
), Platinum (
Pt
), Palladium (
Pd
) and Chromium (
Cr
). The Critical Metals list and a
description of the Provincial and Federal electrification plans are posted on the Bold
Critical and
Battery Minerals page
.
About Bold Ventures Inc.
The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring
properties located in active gold and battery metals camps in the Thunder Bay and Wawa
regions of Ontario. Bold also holds significant assets located within and around the emerging
multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of
Northern Ontario.
For additional information about Bold Ventures and our projects please visit
boldventuresinc.com
or
contact us at 416-864-1456 or email us at
.
"Bruce A MacLachlan
“David B Graham”
Bruce MacLachlan
David Graham
President and COO
CEO
Direct line: (705) 266-0847
Email:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-
looking statements that involve risks and uncertainties, which may cause actual results to differ
materially from the statements made. When used in this document, the words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are
intended to identify forward-looking statements. Such statements reflect our current views with respect
to future events and are subject to such risks and uncertainties. Many factors could cause our actual
results to differ materially from the statements made, including those factors discussed in filings made
by us with the Canadian securities regulatory authorities. Should one or more of these risks and
uncertainties, such actual results of current exploration programs, the general risks associated with
the mining industry, the price of gold and other metals, currency and interest rate fluctuations,
increased competition and general economic and market factors, occur or should assumptions
underlying the forward looking statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, or expected. We do not intend and do not
assume any obligation to update these forward-looking statements, except as required by law.
Shareholders are cautioned not to put undue reliance on such forward-looking statements.
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