Bold Ventures Receives Exploration Permits for the Burchell Gold Copper Project and Highlights Ring of Fire News
Bold Ventures Receives Exploration Permits
for the Burchell Gold Copper Project and
Highlights Ring of Fire News
Toronto, Ontario--(Newsfile Corp. - August 28, 2025) - Bold Ventures Inc. (TSXV: BOL) (the "
Company
"
or "
Bold
") is pleased to announce that it has received two exploration permits for work at the Burchell
Gold Copper Project. The applications were made as a result of recent exploration work in and around
the "111 Zone" gold discovery (see
Bold News Release dated January 9, 2025
) and the strike extension
of the Moss Trend on the adjacent Moss Gold Property of Goldshore Resources Inc. to the west (see
Bold New Release dated July 21, 2025
and
Bold News Release dated August 18, 2025
). The Burchell
Property is located approximately 100 km west of Thunder Bay, Ontario.
The permits contemplate line cutting, mechanical stripping, geophysical surveys and diamond drilling.
The Company anticipates a mechanical stripping program in the coming weeks at the 111 Zone. Based
on those results, a diamond drilling program is planned to target the 111 Zone and the northwest corner
of the Property, where an
MMI(TM) soil sampling survey earlier this summer
identified numerous
polymetallic anomalies along strike from the Moss Gold Deposit of Goldshore Resources Inc.
Ring of Fire News
The Company would like to highlight recent news pertaining to the Black Horse Chromite Deposit on the
Koper Lake (Black Horse) Project in the Ring of Fire, of which Bold Ventures owns a 10% carried
interest to production. The Canadian Chrome Company Inc. ("CCC", formerly KWG Resources Inc.),
which owns the remaining interest, recently announced a
$25 million financing
to drill deep geophysical
targets at the chrome discovery, which they postulate is the fault-offset twin of the Black Thor chromite
deposit (see
CCC News Release dated February 24, 2023
).
Bold's Koper Lake Project in the Ring of Fire:
Bold holds a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred
Resource of 85.9 Mt grading 34.5% Cr
2
O
3
at a cut-off of 20% Cr
2
O
3
(KWG Resources Inc., NI 43-101
Technical Report, Aubut 2015). Bold also holds a 40% working interest in all other metals found within
the Koper Lake Project 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 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 Minerals page
.
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"
Bruce MacLachlan
President and COO
"David B Graham"
David Graham
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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