Bold Ventures Completes Work at Burchell Copper Gold Project and Reports on AGM
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
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NEWS RELEASE - For Immediate Release
Bold Ventures Completes Work at Burchell Copper Gold Project and
Reports on AGM
Toronto, Ontario, November 16, 2023 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “Bold”) is pleased to announce that its exploration crew has recently
completed prospecting and sampling work at the Burchell Copper and Gold Project.
The basis for this work was established by a review of the historical work found
within and around the Burchell claim group. The program was carried out through
the month of September.
The 2006 Geotech Ltd. Versatile Time-Domain Electromagnetic (VTEM) survey and
the 1991 Ontario Geological Survey regional airborne Aerodat Mag-EM (Magnetic-
Electromagnetic) survey carried out over the Burchell property both indicate the
presence of significant conductors recommended for follow-up work. The VTEM
survey which only covers the west side of the property, contains greater detail with a
clearer signal, greater depth penetration and closer line spacing than the “regional”
survey with the Aerodat system. The Aerodat survey covers the claims at wider line
spacing and consequently, provides less detailed information. (see Bold press release
dated March 6, 2023) here .
During this program 103 grab samples were collected, with most assays still pending.
However, the results from 8 grab samples have been received. They ranged in values
from 1.9 ppm Copper (Cu) up to 1130 ppm Cu (0.11% Cu) and 2.1 ppm Nickel (Ni) up
to 1480 ppm Ni (0.15% Ni). This may indicate the presence of a magmatic Ni-Cu-PGM
mineralized system in the vicinity (PGM analysis is pending on these samples).
Sampling of sheared felsic volcanic rocks along one of the VTEM conductor axis in the
north-central portion of the property, returned 2.38 g/t Gold (Au).
The area extending to the northeast, along trend from the Hermia Lake copper
showing and locations within the central and eastern part of the claim group were
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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
S:\94\94544-Bold\Press Releases\20231115 Draft PR Burch SOP.docx
sampled. This phase of work has confirmed that additional electromagnetic and
magnetic surveys are recommended to complete the geophysical survey coverage of
the claim group. The east side of the property has seen very little exploration work.
To understand what this means for the mineral potential of the project, please visit
the Burchell Battery and Precious Metals Project.
Bold Ventures AGM
At Bold’s Annual General Meeting held on October 26, 2023, shareholders
overwhelmingly approved all matters in the Notice of Meeting (99.78 % support)
including the adoption of the 2023 Incentive Stock Option Plan (the “2023 SOP”).
The 2023 SOP was appended to the Management Information Circular (the
“Information Circular”) dated September 6, 2023 as Schedule “D”, a copy of which
was filed on sedarplus.com on September 26, 2023. All changes to the 2015 Stock
Option Plan made pursuant to the 2023 SOP are set out in a black-lined version of the
2023 SOP appended as Schedule “E” to the Information Circular. The Company
wishes to bring to the attention of shareholders the following amendments. The 2023
SOP requires that the Company obtain disinterested shareholder approval of any
decrease in the exercise price of or extensions to any stock options granted to
individuals that are insiders at the time of the proposed amendment. In addition, the
2023 SOP clarifies the fact that any option that has an expiry date that occurs within
ten (10) Business Days from the end of a Blackout Period shall not be extended and
shall expire if unexercised by the original expiry date.
In other news, The Northern Ontario Business Magazine recently published an article
of interest concerning the Ring of Fire development. You may access this article here.
The technical information in this news release was reviewed and approved by Gerald D.
White, B.Sc., P. Geo., 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).
About Bold Ventures Inc.
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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
S:\94\94544-Bold\Press Releases\20231115 Draft PR Burch SOP.docx
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
“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 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.