Exploration Permits Granted to Bold Ventures for Burchell Gold Copper Project; Ring of Fire Project Also Features in Recent News Highlights
Bold Ventures Advances Exploration in Ring of Fire Region
Bold Ventures Inc., a Canadian exploration company, is making significant strides in the James Bay Lowlands of Northern Ontario, particularly in the emerging multi-metals district known as the Ring of Fire.
The company holds a 10% carried interest to production in the Black Horse Chromite Deposit, located within the Koper Lake (Black Horse) Project. The NI 43-101 Inferred Resource for the Black Horse Chromite Deposit is 85.9 Mt grading 34.5% CrO at a cut-off of 20% CrO.
Bold Ventures' CEO, David B Graham, and President and COO, Bruce A MacLachlan, lead the company's efforts. Coleman Robertson, the Vice President of Exploration, serves as the qualified person (QP) responsible for the company's geological investigations, ensuring compliance with NI 43-101 standards.
In the coming weeks, the company anticipates a mechanical stripping program at the 111 Zone. A diamond drilling program is planned to target this zone and the northwest corner of the Property.
Bold Ventures also holds a 40% working interest in all other metals found within the Koper Lake Project. The company's target commodities include Copper, Nickel, Lead, Zinc, Gold, Silver, Platinum, Palladium, Chromium, and other Critical Metals.
The company's exploration activities extend to properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Notably, Bold's Black Horse Project is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals.
The company has received two exploration permits for the Burchell Gold Copper Project, allowing for line cutting, mechanical stripping, geophysical surveys, and diamond drilling at the Burchell Property.
Bold Ventures believes their suite of Battery, Critical, and Precious Metals exploration projects is an ideal combination of exploration potential meeting future demand. The environmental assessment process for all-weather road access to the Ring of Fire is being developed as three proposed road projects.
For more information and progress regarding these projects, interested parties can visit Bold's Critical and Battery Minerals page. However, it is important to note that the company does not accept responsibility for the adequacy or accuracy of this release.
In related news, Canadian Chrome Company Inc. announced a $25 million financing to drill deep geophysical targets at the chrome discovery. An MMI(TM) soil sampling survey earlier this summer identified numerous polymetallic anomalies along strike from the Moss Gold Deposit of Goldshore Resources Inc.
As always, a Cautionary Note Regarding Forward-Looking Statements is included in this Press Release. This Press Release is NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
For direct inquiries, contact Bruce A MacLachlan at (705) 266-0847 or via email at [email protected].
