Bold Ventures Mobilizes Prospecting Crew to Farwell Gold and Base Metals Project – Issues Shares for Advertising and Investor Awareness Services
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 Ventures Mobilizes Prospecting Crew to Farwell Gold and Base
Metals Project – Issues Shares for Advertising and Investor
Awareness Services
Toronto, Ontario, September 9, 2020 – Bold Ventures Inc. ( BOL: TSX.V)
(the “ Company” or “ Bold”) is pleased to announce that a prospecting
crew has been mobilized to the Farwell Gold and Base Metals Project
located approximately 55 km northwest of Wawa, Ontario.
The initial work will take place along the Tundra Gold Horizon (“TGH”) in
the eastern portion of the property.
The TGH is located along the eastern extension of the Iron Lake
Deformation Zone and co-incident iron formation. Historical exploration
has identified 3 gold-copper occurrences – Tundra, Conductor ‘B’ and
Brown Lake occurrences – in sheared sedimentary-volcanic host rocks
along this easterly trend. Previous sampling identified samples grading
up to 7.5 g/t Au and 1.58% Cu (Campbell 2010). Each of these sites and
the surrounding bedrock exposures, will be prospected, mapped and
sampled in detail by Bold’s crew.
Two additional target areas will be carefully examined and sampled.
They include the centrally located Farwell Sulphide Zone (“FSZ”) and the
western Koala Gold Area (“KGA”). (See the Farwell Bedrock Geology and
Mineral Compilation Map at www.boldventuresinc.com ).
The FSZ is centered on 2 high-grade copper occurrences discovered in
the late 1960’s, known as the Bibis Prospect and the Burrex Cu showing.
2
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
Historical diamond drilling in this area returned assay results up to
1.47% Cu over 5.2 m in sheared, silicified metavolcanic host rocks.
Ontario Geological Survey grab samples collected from these same
occurrences assayed up to 5.58% Cu and 20.5 g/t Ag (Bennett and
Thurston 1977).
The KGA hosts 3 known gold occurrences from exploration work
conducted in the late 1980’s. Discoveries included diamond drilling
intersections up to 12.8 g/t over 1.52 m and soil geochemical survey
samples up to 557 ppb Au in altered mafic volcanic rocks and highly
sulphidized iron formation (White 1987).
The Farwell claims are road accessible via the Paint Lake Rd. (Eagle River
Mine service road) and consist of 103 Cell claims, 6 Multi-Cell claims and
6 Boundary claims comprising approximately 7,770 ha or 19,200 acres.
Wesdome Gold Mines Mishi Open Pit operation and the Magnacon Mill,
both part of the larger Eagle River Complex that includes the Eagle River
underground gold mine, lie 5 km south of the Farwell claim group. The
Eagle River Mine is situated approximately 25 km to the south of the
subject claims
Shares for Services
The Company wishes to announce that, further to its Press Release of July
21, 2020, it has agreed to issue 125,000 common shares of the Company
to Dig Media Inc., dba Investing News Network (“INN”) in settlement of
advertising and investor awareness services provided by INN to the
Company pursuant to the shares for services program for the period
ending September 8, 2020 at a price of $0.06 per share, subject to
regulatory approval.
Please visit the Bold website at www.boldventuresinc.com and see our
recent news and project information.
3
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
About Bold Ventures Inc.
The Company explores for Gold and Base metals in Canada. Bold is exploring
properties located within active gold camps of Northern Ontario. Bold also holds
significant assets located within and around the energing 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 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
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,
4
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
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.
S:\94\94544-Bold\Press Releases\090920 INN SettleFarProsp v1.docx