Bold Ventures Provides Update at Koper Lake
Bold Ventures Provides Update at Koper Lake
TORONTO, ON / April 5, 2023 / Bold Ventures Inc. (BOL:TSX.V) (the "Company" or
"Bold") is pleased to provide the following update to Bold's Koper Lake Project located in the
Ring of Fire area of the James Bay Lowlands region of Northern Ontario.
On February 24, 2023, KWG Resources Inc. announced the completion of a magnetotelluric
survey over portions of the Black Horse Chromite deposit located in the Ring of Fire area, James
Bay region of northern Ontario. Preliminary results of the magnetotelluric survey indicated that
the two target areas, 1 km (Target 1) and 4 km (Target 2) northeast of the Black Horse Deposit,
have …. "clearly distinguished the ultramafic host rock, known as the Ring of Fire intrusion,
from the enclosing country rock. This permits the results from the two target areas to be
interpreted with confidence." (see Bold press release dated March 6, 2023 and KWG press
release dated February 24, 2023).
On March 30, 2023 KWG announced that it is in receipt of the final report (the Quantec Report)
of the magnetotelluric survey recently completed over portions of the Blackhorse Chromite
project in the Ring of Fire area of northern Ontario. The purpose of the survey was to confirm
the existence at depth of the Ring of Fire intrusion and identify targets for further exploration.
The results of the survey are being combined with other geophysical and geological data leading
to the creation of a three-dimensional model of the previously discovered chromite resource and
the newly identified mineral exploration targets for chromite mineralization.
In order to access the March 21, 2023 TVO production of "Will a Road Make the Ring of Fire a
Reality" follow the link here or on Bold's Critical and Battery Minerals page here.
About the Koper Lake Project:
The Black Horse Chromite Deposit 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). Additionally, Bold owns a 40% working interest in all other metals found within the
Koper Lake claims and has the right to earn up to an 80% working interest in all other metals.
Bold has the 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.). Of additional note, the Koper Lake claims are located
approximately 300 m from Ring of Fire Metal's 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 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.
The technical information found within this news release has been 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). 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 operations. 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
goods 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 [email protected].
"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.
SOURCE: Bold Ventures Inc.