Bold Ventures Receives Assays up to 16.3 gpt Au at its Wilcorp Property
Bold Ventures Receives Assays up to 16.3 gpt
Au at its Wilcorp Property
Toronto, Ontario--(Newsfile Corp. - October 31, 2024) - Bold Ventures Inc. (TSXV: BOL) (the
"
Company
" or "
Bold
") announces that it has received assays ranging from <5 ppb Au to 16,300 ppb
Au at its Wilcorp Property from a site visit in September of this year, as part of a week-long program of
site visits by senior management to the Wilcorp, Burchell and Traxxin properties.
These site visits were
meant to review access to the properties, re-visit certain important showings and to aid in planning future
field programs.
The 16.3 gpt Au sample corresponds to a 10 cm quartz vein in an old pit and stripped area, 35 meters
northeast of a 2012 sample which returned 14.4 gpt Au. Additional sampling 100 meters further south
yielded gold results up to 892 ppb Au from intermediate schist with quartz-ankerite veining in outcrop, 25
meters west of a 2012 sample which returned 462 ppb Au. An angular boulder of intermediate schist
with quartz veining 45 meters east of the 2012 sample returned 110 ppb Au. See Figure 1 for thematic
Au results across the property to date, and Table 1 below for sample descriptions and all Au results from
the site visit.
Table 1: Grab Sample Au Results from Sept. 2024 Wilcorp Site Visit
Sample
Date
Area
X (UTM Z15)
Y (UTM Z15)
Source
Description
Assay
Certificate No.
Au_ppb
B414851
2024-09-08
Northern
Trenches 2012
14 grammer
615815
5403873
Outcrop
Qtz-ankerite
vein in
silicified mafic
schist, tr-1%
arsenopyrite.
A24-10868
16300
B414852
2024-09-08
Northern
Trenches 2012
14 grammer
615772
5403836
Outcrop
Qtz-ankerite
vein.
A24-10868
307
B414853
2024-09-08
Bjorkman 2012
1/2 grammer
615833
5403777
Outcrop
Silicified mafic
schist.
A24-10868
23
B414854
2024-09-08
Bjorkman 2012
1/2 grammer
615833
5403776.7
Outcrop
Quartz sericite
schist.
A24-10868
2.5
B414855
2024-09-08
Bjorkman 2012
1/2 grammer
615833
5403773
Talus
Quartz sericite
schist.
A24-10868
2.5
B414856
2024-09-08
Bjorkman 2012
1/2 grammer
615827
5403772
Frost heave
Silicified
quartz sericite
schist.
A24-10868
2.5
B414857
2024-09-08
Bjorkman 2012
1/2 grammer
615838
5403773
Frost heave
Silicified
quartz sericite
schist.
A24-10868
2.5
B414858
2024-09-08
Bjorkman 2012
1/2 grammer
615827
5403768
Outcrop
Intermediate
schist with
moderate qtz-
ankerite veins.
A24-10868
892
B414859
2024-09-08
Bjorkman 2012
1/2 grammer
615840
5403764
Frost heave
Silicified
quartz sericite
schist.
A24-10868
2.5
B414860
2024-09-08
Bjorkman 2012
1/2 grammer
615844
5403760
Frost heave
Silicified
quartz sericite
schist.
A24-10868
2.5
B414861
2024-09-08
Bjorkman 2012
1/2 grammer
615845
5403764
Outcrop
Quartz-ankerite
vein.
A24-10868
2.5
B414862
2024-09-08
Bjorkman 2012
1/2 grammer
615850
5403765
Frost heave
Silicified
quartz sericite
schist with
moderate qtz
veinlets, minor
pyrite,
chalcopyrite.
A24-10868
2.5
B414863
2024-09-08
Bjorkman 2012
1/2 grammer
615896
5403771
Angular
boulder
Silicified
intermediate
schist, ankerite
alteration, min-
mod quartz
stringers.
A24-10868
110
B414873
N/A
N/A
N/A
N/A
N/A
Blank.
A24-10868
2.5
B414874
N/A
N/A
N/A
N/A
N/A
Standard CDN-
GS-2G.
A24-10868
2260
Sample
Date
Area
X (UTM Z15)
Y (UTM Z15)
Source
Description
Assay
Certificate No.
Au_ppb
Mineralization on the Wilcorp property is generally hosted in quartz-ankerite veining with pyrite,
chalcopyrite and arsenopyrite within approximately east-west shear zones. Bold carried out an Induced
Polarization (I.P.) survey across the property in 2012, identifying several east-west IP chargeability
anomalies (see Figure 1). Limited follow-up prospecting returned values ranging from <5 ppb up to 14.4
gpt Au at historical trenches in the northwest part of the property, where diamond drilling in the 1990s
identified a gold-bearing zone which returned 1.8 gpt Au over 7.6 m.
It is unknown whether this zone corresponds to the historical Eagle Prospect (or Agnico Eagle
Occurrence), where 36 diamond drill holes were completed in 1946. According to two unpublished
historical maps in the Thunder Bay resident geologist files, values of 11.1 gpt Au over 4.1m including
30.8 gpt Au over 0.8m were identified. These values are historically designated and unable to be
substantiated.
The next phase of fieldwork will focus on locating historical workings, especially the Eagle Prospect, and
prospecting in areas of known gold anomalies and I.P. trends. Trenching, channel sampling and soil
sampling programs may be warranted to generate firm targets for diamond drilling. The 2024 Updated
Wilcorp Gold Project Details may be accessed
here
.
Figure 1: Thematic Au Results and I.P. Trends on the Wilcorp Property
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5762/228430_4f2ec33d64ef0af0_001full.jpg
QAQC Protocols
Grab samples were collected, documented and photographed in the field, then placed in sealed bags
and delivered to Activation Laboratories (ActLabs) in Thunder Bay, which is an ISO / IEC 17025
accredited laboratory. Grab sample collection is subject to Bold's internal quality assurance / quality
control (QAQC) protocols, which include the insertion of blank material and certified reference material
into each batch of samples submitted. Samples referenced in this news release were analyzed using
ActLabs methods 1A2-50, a 50g fire assay with atomic absorption finish, with over-limit results analyzed
using method 1A3-50, a 50g fire assay with gravimetric finish. Samples were also analyzed using
ActLabs method UT-6M, a 4-acid near total digestion with ICP-MS / ICP-OES finish, yielding
geochemical results for 49 elements.
About the Wilcorp Gold Project
The Wilcorp claim group is located approximately 13 km east of the town of Atikokan, Ontario in McCaul
Township, and 17 km south of Agnico Eagle's (AEM.t) Hammond Reef deposit, which contains
combined reserves and resources of 5.6 Moz of gold at 0.71 gpt Au (Agnico Eagle website, 2022). The
Property consists of 18 staked claims and 4 patented claims covering 264 hectares.
Mineralization in the region is generally related to northeast-trending interpreted splays off the Quetico
Fault, a regional transcurrent fault which separates the Wabigoon greenstone belt to the north from the
Quetico metasedimentary belt to the south. Known prospects associated with an interpreted splay in the
vicinity of the Wilcorp property include the Olcott Prospect and the past producing Sapawe gold mine.
The technical information in this news release was reviewed and approved by Coleman Robertson,
B.Sc., P. Geo., Vice President, Exploration of the Company, 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
Critical and Battery Minerals
page
.
Bold's recently updated Corporate Presentation can be viewed
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
Direct line: (705) 266-0847
Email:
"David B Graham"
David Graham
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/228430