Bold Provides Update on Farwell Gold and Base Metals Property
BOL.V Bay Adelaide Centre-East Tower Tel: 416 864 1456
22 Adelaide Street West, Suite 3600 Fax: 416 865 6636
Toronto, Ontario, M5H 4E3
boldventuresinc.com
NEWS RELEASE - For Immediate Release
Bold Provides Update on Farwell Gold and Base Metals Property
Toronto, Ontario April 30, 2020 – Bold Ventures Inc. (BOL: TSX.V) (the “Company” or
“Bold”) is pleased to announce that upon further review of the technical data related
to the Farwell Gold and Base Metals Project located 55 km northwest of Wawa,
Ontario (see Bold press releases date January 6, 2020 and March 26, 2020), the
Company has expanded the property to encompass a total area of 7770 hectares or
19,200 acres. All claims are contiguous with the original Farwell claim group and are
part of the Farwell Option Agreement. The additional claims were staked to cover
favourable geology, geophysics and a mafic intrusive body mapped by the Ontario
Geological Survey (Bennett and Thurston 1977) located along the southwest portion
of the expanded claim group.
The Farwell Gold and Base Metals property is host to several gold and base metal
occurrences. Maps and project details can be viewed at
https://www.boldventuresinc.com/exploration-projects/farwell-ontario/ .
The Wawa regional airborne geophysical survey flown by the Ontario Geological
Survey in 1987 covers the Farwell claims. It shows a prominent magnetic signature
and coincident electromagnetic anomalies extending from the Tundra Au-Cu
Occurrence west through the Conductor ‘B’ Showing and the Brown Lake Occurrence.
This geophysical signature is coincident with significant gold values and indicates a
potential gold bearing horizon over 2.5 km in strike length (see maps and project
details at https://www.boldventuresinc.com/exploration-projects/farwell-ontario/ .
The Company would also like to report that Jim Glover CA has retired as a Director of
the Corporation. Mr. Glover has served on the Board of Bold Ventures Inc. since 2010.
The Company has benefited greatly as a result of Jim’s guidance through what has
been a challenging decade for the mineral exploration sector. Bold’s management
would like to thank Mr. Glover for his service and express its appreciation that he will
continue on the Company’s Advisory Board.
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BOL.V Bay Adelaide Centre-East Tower Tel: 416 864 1456
22 Adelaide Street West, Suite 3600 Fax: 416 865 6636
Toronto, Ontario, M5H 4E3
boldventuresinc.com
After final review, Bold’s management has elected not to proceed further with the
Traxxin Extension Gold Project.
The technical information found within this news release has been reviewed and
approved by Gerald D. White, B.Sc., P.Geo., a qualified person (QP) for the purposes of NI
43-101.
About Bold Ventures Inc.
The Company explores for Base and Precious metals in Canada. Bold has options
to earn a 100% interest in the Farwell Gold Base Metals project located approx.
55km northwest of Wawa, Ontario and the Wilcorp Gold Project located 14 km
east northeast of Atikokan, Ontario. Bold and its subsidiary Rencore Resources
Ltd. have extensive holdings comprised of over 15 claim groups in and around the
Ring of Fire area of the James Bay Lowlands. The Company has also earned a
10% carried interest in all chromite resources and a 40% working interest in all
other metals at the Koper Lake Project and has the option to earn an additional
10% carried interest in chromite and 40% of all other metals. The Koper Lake
Project is located within the Ring of Fire and directly adjacent to the Eagles Nest
nickel-copper massive sulphide deposit currently in the permitting stage.
For additional information about Bold Ventures and our projects please visit
www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.
“David B Graham”
David Graham
President and CEO
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
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BOL.V Bay Adelaide Centre-East Tower Tel: 416 864 1456
22 Adelaide Street West, Suite 3600 Fax: 416 865 6636
Toronto, Ontario, M5H 4E3
boldventuresinc.com
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.