Bold Ventures Announces Partial Results of First Phase of Drilling at Burchell
Bold Ventures Announces Partial Results of
First Phase of Drilling at Burchell
Toronto, Ontario--(Newsfile Corp. - March 19, 2026) - Bold Ventures Inc. (TSXV: BOL) (the "
Company
"
or "
Bold
") is pleased to announce the results from holes BL-26-01 and BL-26-02 from the first phase of
drilling at its Burchell Project earlier this winter. 4 holes totaling 669 meters were completed, with final
results from holes BL-26-03 and BL-26-04a pending. Table 1 below provides drillhole statistics and
Figure 1
displays drillhole traces relative to stripped areas on surface.
Table 1: Burchell drillhole statistics
Hole_ID
Easting
Northing
Elevation
(mASL)
Az_deg
Dip_deg
Depth_m
Target
BL-26-01
676847
5380291
483
329
-45
99
111 Zone / Stripped Area 1.
BL-26-02
676889
5380328
478
329
-45
102
Immediate eastern extension of 111 Zone.
BL-26-03
676587
5380368
442
152
-45
117
Stripped Area 6 and S extension, 301 ppb
Au soil.
BL-26-04a*
676813
5380420
444
320
-50
351
Topo low, base metal soil anomalies, VLF
picks.
*Hole BL-26-04 was abandoned at 36 m in overburden.
Holes BL-26-01 and BL-26-02 targeted the 111 Zone, where one grab sample returned 68 g/t Au in
2024 (see Bold
news release dated January 9, 2025
) and where 2025 channel sampling outlined a 29-
meter (apparent width) anomalous gold-copper-zinc zone (see Bold
news release dated December 2,
2025
). Hole BL-26-01, drilled directly beneath Stripped Area 1 at the 111 Zone, intersected similar
mineralization from 15 to 44 meters downhole, exhibiting zonation from zinc to copper to gold from
southeast to northwest. The gold zone returned
0.42 g/t Au over 19.0 meters
, including
1.1 g/t Au over
5.0 meters
, including
2.7 g/t Au over 1.0 meter
. The higher-grade section occurs on the northwest side
of the zone, as also observed on surface in channel samples.
The gold zone overlaps with an anomalous
copper zone which returned 0.18% Cu over 9.0 meters, as well as an anomalous zinc zone which
returned 0.33% Zn over 19.0 meters. Hole BL-26-02, drilled 50 meters along strike to the northeast of
BL-26-01, intersected two anomalous gold zones of 0.19 g/t Au over 4.0 meters and 0.16 g/t Au over 4.0
meters, as well as a narrow copper zone grading 0.32% Cu over 0.8 meters, and a broad zinc zone
grading 0.26% Zn over 25.25 meters. Results are summarized in Table 2 below, and
Table 3
provides a
more detailed breakdown of the anomalous gold and base metal zones.
Table 2: Significant Gold and Base Metal Results from Holes BL-26-01 and BL-26-02
Hole ID
From (m)
To (m)
Interval (m)
Significant Intersections
BL-26-01
Au
25
44
19
0.42 g/t Au over 19.0 m
including
39
44
5
1.1 g/t Au over 5.0 m
including
43
44
1
2.7 g/t Au over 1.0 m
Cu
25
34
9
0.18% Cu over 9.0 m
Zn
15
34
19
0.33% Zn over 19.0 m
Zn
43
48
5
0.20% Zn over 5.0 m
BL-26-02
Au
22
26
4
0.19 g/t Au over 4.0 m
Au
34
38
4
0.16 g/t Au over 4.0 m
Cu
23.2
24
0.8
0.32% Cu over 0.8 m
Zn
3
28.25
25.25
0.26% Zn over 25.25 m*
Zn
34
41
7
0.19% Zn over 7.0 m
*note: 1 over-range (>1%) zinc result has yet to be received from the laboratory and is treated as 1% Zn.
Hole ID
From (m)
To (m)
Interval (m)
Significant Intersections
Bruce MacLachlan, President and COO of Bold Ventures, stated: "The first two holes ever drilled into the
111 Zone confirmed the presence of a wide anomalous gold and base metal system below surface, with
local higher-grade spikes. These results, as well as our work from last Summer and Fall, suggest that
this is a robust mineralized system which has not been previously explored. The quartz feldspar porphyry
marker unit has been traced along a magnetic low for at least 3 kilometers.
These initial drill results will
encourage us to drill elsewhere along the trend and further in the vicinity of the 111 Zone. We are looking
forward to receiving the results of holes 3 and 4a."
A second phase of drilling has commenced in the northwest corner of the Burchell Property as planned,
where the Moss Trend is interpreted to pass through and where the Company obtained anomalous gold,
molybdenum and copper anomalies in soil samples last year (see Bold
news release dated July 21,
2025
).
QAQC Protocols
Core samples were cut by diamond saw under supervision of the QP, placed in sealed bags, and driven
to Activation Laboratories (Actabs) in Thunder Bay, which is an ISO / IEC 17025 accredited laboratory.
Blank and standard certified reference material were inserted into the sample sequence at a rate of 4%
each, with an additional 4% of samples designated for duplicate analysis of the sample reject. All
samples were analyzed using ActLabs method 1A2-50, a 50g fire assay with atomic absorption finish,
and 1F2, a total digestion with ICP-OES finish for trace elements.
Traxxin Staking
Bold is also pleased to announce that it has added 279 single cell claims to its Traxxin Property through
staking from December 2025 to March 2026. The claims were staked to cover prospective ground along
the east-west Quetico fault corridor. The Traxxin Property now consists of 446 single cell claims and 50
boundary cell claims covering 100 square kilometers. See
Figure 2
.
Ring of Fire News
In other news, the Ontario government is pledging to complete construction of roads to the Ring of Fire
by 2031, commencing later this year. This is despite no official fast-tracking of the Ring of Fire
development. Premier Doug Ford has stated that "we don't need it [fast-tracking] when we have great
partners" (referring to Marten Falls and Webequie First Nations). See links below. Bold Ventures
welcomes this commitment to economic development in the Ring of Fire region, where Bold owns a
10% carried interest in the Black Horse chromite deposit.
Ring of Fire roads to be complete by 2031, ahead of schedule: Ford | Sudbury Star
Mining in Ontario's Ring of Fire closer than ever, even without official fast-tracking | CBC News
About Bold's Koper Lake Project in the Ring of Fire
The
Koper Lake
Project is a joint venture between Bold Ventures Inc. and Canada Chrome Corporation
Inc. (CCC - formerly KWG Resources Inc.)
where CCC is the Operator of the exploration effort.
Bold holds a 10% carried interest (through to production) in the Black Horse Chromite deposit on the
Koper Lake Project which hosts an NI 43-101 Inferred Resource of 85.9 Mt grading 34.5% Cr
2
O
3
at a
cut-off of 20% Cr
2
O
3
(KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also holds a
40% working interest in all other metals found within the Koper Lake claims and has a Right of First
Refusal on a 1% NSR covering all metals found within the claim group.
The Black Horse is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals
(formerly Noront Resources Inc.). The
Koper Lake
claims are located approximately 300 m from the
Eagle's Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage.
Chromite, nickel and copper are critical minerals that will play an important role in the electrification
plans of Ontario and North America. The Company is encouraged by these ongoing developments in
this emerging critical mineral mining camp.
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 website
here
.
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"
Bruce MacLachlan
President and COO
"David B Graham"
David Graham
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
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