Bold Ventures Provides Ring of Fire Update
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 Provides Ring of Fire Update
Toronto, Ontario, January 24, 2023 – Bold Ventures Inc. (BOL: TSX.V) (the “Company”
or “Bold”) is pleased to update our Koper Lake Project located in the Ring of Fire.
KWG Resources Inc. has announced the start of a magnetotelluric survey that will be
conducted over the Black Horse Chromite Inferred Resource (The Black Horse). The
survey will also cover the undrilled potential target area between the Black Horse
drilled area and the property’s northeast claim boundary. As stated in a KWG press
release dated January 16, 2023, the goal of this work is to inform a future drilling
program and ultimately an updated National Instrument (NI) 43-101 resource
estimation. The Black Horse is part of the Koper Lake Project where KWG is the
Operator of the chromite exploration effort.
Bold owns a 10% carried interest (through to production) in the Black Horse
Chromite NI 43-101 Inferred Resource of 85.9 Mt grading 34.5% Cr2O3 at a cut-off of
20% Cr2O3 (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also
owns 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 their 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 environmental assessment process for all-weather road access to the Ring of Fire
is being developed as three proposed road projects: The Northern Road Link, 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
Marten Falls Community Access Road and The Webeque Supply Road. Information
and progress regarding these projects may be accessed via the links provided on
Bold’s critical and battery metals page.
For those who missed Bold’s recent press release dated December 12, 2022 it can be
accessed here.
The technical information found within this news release has been reviewed and
approved by Gerald D. White, B.Sc., P.Geo., a qualifie d 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.
As a result of the current COVID-19 virus concerns, the Company’s management
and contractors are following public guidelines and taking recommended steps
to protect the health and safety of all personnel while carrying out oper ations.
As a result of the COVID-19 pandemic giving rise to local and national anti-virus
measures, the scheduling of activities is subject to change. COVID-19 impacts
may affect timing and availability of go ods and services for the foreseeable
future.
For additional information about Bold Ventures and our projects please visit
boldventuresinc.com or contact us at 416-864-1456 or email us at
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
“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.