Bold Ventures and Lac des Mille Lacs First Nation Form Strategic Alliance
Bold Ventures and Lac des Mille Lacs First Nation
Form Strategic Alliance
Toronto, Ontario August 1, 2017 – Bold Ventures Inc. (BOL:TSX.V) (the “Company” or
“Bold”) and Lac des Mille Lacs First Nation (“LDMLFN”) are pleased to announce the
signing of a Strategic Alliance Agreement that launches the effort to identify business
driven, resource related opportunities that are available to First Nations and First Nation
partnerships.
The alliance expects to generate a variety of resource related projects ranging from base
and precious metals to industrial minerals and materials including infrastructure
development. This effort will be a separate division to Bold’s core business of exploration
for base and precious metals within Canada and will focus initially on the LDMLFN
traditional land base.
Lac des Mille Lacs First Nation has initiated a number of resource related projects in
various sectors. The partners look forward to expanding the scope of the First Nation’s
economic and investment activity through the identification and management of a
variety of revenue generating opportunities.
Chief White Cloud comments; “Our vision to rebuild a self-sustaining community can only
successfully occur as long as the First Nation continues to move forward in economic
development. One avenue is through forming partnerships that have the potential to
provide for revenue generating opportunities. We very much look forward to a successful
and long lasting partnership with Bold Ventures.”
Bold Ventures President and CEO Richard Nemis comments that; “Bold is impressed with
Lac des Mille Lacs First Nation’s business philosophy and demonstrated entrepreneurial
approach. While Bold’s core business remains unchanged, we see this effort as an activity
that is complimentary with our core values, enhances our goal of locating new and
important exploration projects and should create revenue for the Lac des Mille Lacs First
Nation and our Company.”
About Bold
Bold Ventures explores for minerals in Ontario and Québec. The Company continually reviews
precious and base metal projects with the goal of discovering economic mineral deposits. The
Company’s management team has a proven road record of discovery in Ontario and Quebec. In
Ontario, Bold and its subsidiary, Rencore Resources Ltd., have extensive holdings comprised of
over 18 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 the Koper Lake Project centrally located within the Ring
of Fire and directly adjacent to the Eagles Nest nickel-copper massive sulphide deposit currently
in the permitting stage (see Bold news release dated October 14, 2016). Bold has the option to
earn a 100% interest in the Wilcorp gold property (subject to a 1% NSR) located approximately 14
km east of the town of Atikokan in Northwestern Ontario. In Québec, Bold’s primary focus is on
its 100% owned Lac Grasset project that straddles the Sunday Lake Deformation Zone in the
Matagami area, within the historically prolific Abitibi Greenstone belt of North-western Québec.
For additional information about Bold Ventures and our projects please visit
www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.
“Richard E. Nemis” “David B. Graham”
Richard E. Nemis David B. Graham
President and Chief Executive Officer Executive Vice President
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adequacy or accuracy of this release.
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uncertainties, which may cause actual results to differ materially from the statements made. When used in this
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