Bold Ventures Receives Assays up to 68 g/t gold at the Newly Discovered 111 Zone at the Burchell Gold and Copper Property
Bold Ventures Receives Assays up to 68 g/t
gold at the Newly Discovered 111 Zone at the
Burchell Gold and Copper Property
Toronto, Ontario--(Newsfile Corp. - January 9, 2025) - Bold Ventures Inc. (TSXV: BOL) (the "
Company
"
or "
Bold
") is pleased to announce that it has received additional grab sample results ranging from 10
ppb Au up to 68,000 ppb Au (
68 g/t
or
2.2 oz/t
gold (Au)) at the newly identified 111 ("one-eleven") Zone
at its Burchell Gold and Copper Property ("the Property"). The samples were collected during a short
follow up sampling program in December 2024, in the vicinity of previous samples taken in November
2024. The November samples returned values ranging from < 15 ppb Au up to 56,900 ppb Au (56.9 g/t).
Please refer to Bold press release dated
December 12, 2024.
The 68 g/t Au sample was obtained
approximately 3 meters north of the 56.9 g/t Au sample.
The 8 new samples collected at the 111 Zone in December consist of strongly sheared, strongly
silicified, sericitized, tuffaceous mafic to intermediate volcanics, containing generally minor but up to 5%
disseminated pyrite, and several fine specks of visible gold in the case of the sample which returned 68
g/t Au. The east-northeast-trending zone has limited exposure and appears to be at least 3 meters wide
in outcrop, situated within a broad (>100 m wide) alteration zone that coincides with a prominent
magnetic low. The zone of anomalous gold remains open in all directions.
Except for limited prospecting and sampling along strike during previous work by the Company, the 111
Zone has seen no known historical exploration work. During the upcoming 2025 field season, the
Company intends to carry out backhoe stripping as well as mapping and sampling to ascertain the width
of the zone. This work will be combined with additional prospecting and soil sampling along the 111
Zone and its strike extension to the southwest and northeast.
For a sketch map of the gold-bearing zone see
Figure 1.
For descriptions of samples collected in December 2024 please see Table 1 below.
For descriptions and locations of samples collected in November 2024 please see Bold press release
dated
December 12, 2024.
Photo 1:
Sample C277097, 68 g/t Au or 2.2 oz/t gold (Au)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5762/236526_c3c6912c74989af5_001full.jpg
Table 1
Table 1: December 2024 111 Zone Grab Samples
Sample No.
Date
Area
X (UTM Z15)
Y (UTM Z15)
Source
Description
Au ppb
C277092
2024-12-04
111 Zone
676832.3
5380320
Outcrop
Strongly silicified, sheared, sericitized mafic
volcanic with rusty yellow-brown (iron carb +
sericite?) seams / shear planes, trace pyrite.
Outcrop 0.5m NE of C277090 from Nov.
(56.9 g/t Au sample).
66
C277093
2024-12-04
111 Zone
676833.1
5380321
Outcrop
Similar to previous but local bands of
increased silica alteration associated with
pyrite, trace-0.5% overall. Outcrop 1m NE of
previous.
10
C277094
2024-12-04
111 Zone
676833.9
5380321
Outcrop
Similar to previous. Outcrop 1m NE of
previous.
29
C277095
2024-12-04
111 Zone
676835.5
5380323
Outcrop
Similar to C277092. Outcrop 2.5m NE of
previous.
304
C277096
2024-12-04
111 Zone
676835.1
5380323
Outcrop
Similar to C277092. Outcrop 0.5m NW of
previous.
54
C277097
2024-12-04
111 Zone
676832.5
5380323
Subcrop
Similar to C277092 but with trace visible
gold within or near orange-brown seams /
shear planes. Subcrop near Nov. sample
C277089.
68000
C277098
2024-12-04
111 Zone
676841
5380329
Outcrop
Similar to C277092 but more quartz-flooded,
with 4-5% pyrite as stringers / disseminations.
1810
C277099
2024-12-04
111 Zone
676843
5380327
Outcrop
Strongly silicified, sheared mafic volcanic
with minor pyrite. Outcrop 2.5m SE of
previous.
80
Photo 2:
111 Zone in outcrop, southwest end of sampling, looking north
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5762/236526_c3c6912c74989af5_002full.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.
The technical information in this news release was reviewed and approved by Coleman Robertson,
B.Sc., P. Geo., the Company's V.P. of Exploration and 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
.
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"
"David B Graham"
Bruce MacLachlan
David Graham
President and COO
CEO
Direct line: (705) 266-0847
Email:
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.
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