Bold Closes Non-Brokered Private Placement and Updates Progress at Farwell

Bold Closes Non-Brokered Private Placement and Updates Progress at Farwell

Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to report the closing of a Non-Brokered Critical Minerals Flow-Through Units Private Placement (the "CMFT Units") for gross proceeds of $95,960 comprising 799,666 CMFT Units. Each CMFT Unit was priced at $0.12 and consists of one (1) common share and one-half (0.5) of a share purchase warrant. Each full warrant (a "Warrant") entitles the holder to purchase one (1) common share (a "Warrant Share") at a price of $0.20 per Warrant Share until October 26, 2024. The securities issued are subject to a hold period expiring on February 27, 2023

Farwell Project (Cu and Au)

In September of 2022 the Company contracted Scott Hogg and Associates Geophysical Consultants of Toronto to provide an interpretive report including recommended drill targets for consideration by Bold's technical team. This effort was initiated from the completion of a Geotech Ltd. Airborne Versatile Time Domain Electromagnetic and Magnetic (VTEM) survey over the Farwell property near Wawa, Ontario, in January of 2022. A compilation of historical work provided by Bold and results from the VTEM survey were used to provide the interpretation. Four high priority diamond drilling targets were identified at the Farwell Sulphide Zone within the south-central portion of the property and two additional target sites were recommended at the Tundra Gold Horizon to the east. These recommendations will be part of the company's program planning in upcoming exploration work. A copy of the report is posted on the Bold Website here.

The technical information found within this news release and the subject VTEM interpretive report have 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 (see Bold Press release dated May 10, 2022). 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 also exploring properties located in active gold camps within 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 info@boldventuresinc.com.

"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.



View source version on accesswire.com:
https://www.accesswire.com/722311/Bold-Closes-Non-Brokered-Private-Placement-and-Updates-Progress-at-Farwell

News Provided by ACCESSWIRE via QuoteMedia

BOL:CA
Bold Ventures

Bold Ventures Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Bold Ventures (TSXV:BOL)

Bold Ventures


Keep reading...Show less
Bold Ventures Provides Year End Project Overview

Bold Ventures Provides Year End Project Overview

Bold Ventures Inc. (TSX.V:BOL) (the "Company" or "Bold") wishes one and all a very Merry Christmas and Holiday season! All the best to you and yours in 2024

We are pleased to provide the following projects overview with highlights.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bold Ventures Completes Work at Burchell Copper Gold Project and Reports on AGM

Bold Ventures Completes Work at Burchell Copper Gold Project and Reports on AGM

TORONTO, ON / ACCESSWIRE / November 16­­­­­­, 2023 /Bold Ventures Inc. (BOL:TSX.V) (the "Company" or "Bold") is pleased to announce that its exploration crew has recently completed prospecting and sampling work at the Burchell Copper and Gold Project. The basis for this work was established by a review of the historical work found within and around the Burchell claim group. The program was carried out through the month of September.

The 2006 Geotech Ltd. Versatile Time-Domain Electromagnetic (VTEM) survey and the 1991 Ontario Geological Survey regional airborne Aerodat Mag-EM (Magnetic-Electromagnetic) survey carried out over the Burchell property both indicate the presence of significant conductors recommended for follow-up work. The VTEM survey which only covers the west side of the property, contains greater detail with a clearer signal, greater depth penetration and closer line spacing than the "regional" survey with the Aerodat system. The Aerodat survey covers the claims at wider line spacing and consequently, provides less detailed information. (see Bold press release dated March 6, 2023) here.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bold Ventures Receives Traxxin Exploration Permit - Provides Further Disclosure of Amendments to Farwell and Burchell Property Option Agreements and Agrees to Issue Shares for Services

Bold Ventures Receives Traxxin Exploration Permit - Provides Further Disclosure of Amendments to Farwell and Burchell Property Option Agreements and Agrees to Issue Shares for Services

TORONTO, ON / ACCESSWIRE / October 3­­­­­­, 2023 /Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") announces that it has received a new exploration permit to allow for future work at the Traxxin Gold Project. Following on to the original permit that was issued in September 2020, this permit expires in September of 2026 and anticipates line cutting, geophysical surveys, sampling and diamond drilling.

About the Traxxin Gold Project

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bold Ventures Mobilizes Crew to Burchell and Provides Update

Bold Ventures Mobilizes Crew to Burchell and Provides Update

Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce that it has mobilized a prospecting crew to the Burchell Battery and Precious Metals Project in the Shebandowan Belt west of Thunder Bay, Ontario. The goal for this phase of work is to prospect and sample various locations that have not been accessed by Bold's exploration team to date. In addition, the crew is prospecting and sampling known airborne VTEM and Aerodat anomaly locations that have been interpreted from historical surveys (see Bold press release dated March 6, 2023). The 2006 Geotech Ltd. Versatile Time-Domain Electromagnetic (VTEM) survey and the 1991 Ontario Geological Survey regional airborne Aerodat Mag-EM (Magnetic-Electromagnetic) survey both indicate the presence of significant conductors recommended for follow-up work. Conductors associated with the Hermia Lake copper showing along the western portion of the property and the area trending to the northeast were identified. For a review of this project, visit the Burchell Battery and Precious Metals Project

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bold Ventures Closes Non-Brokered Private Placement

Bold Ventures Closes Non-Brokered Private Placement

Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") announces the closing of its non-brokered private placement (see Bold press releases dated June 1, 2023 and July 6, 2023). The Company placed 513,000 FT Units and 383,333 WC Units for total proceeds of $64,339.98. The proceeds from the sale of the WC Units will be used for working capital and administration. The proceeds from the sale of the FT Units will be used to explore Bold's properties

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.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Copper bars.

Copper Crunch Coming as Demand Rises and Mine Supply Falls Short

Since the advent of electricity, copper has played an essential role in energy generation and transmission. It will be similarly unreplaceable as the world moves away from fossil fuels to more sustainable sources of energy.

Pierre Lassonde, founder and chair emeritus of Franco-Nevada (TSX:FNV,NYSE:FNV), emphasized this during the "Where Will the Money Come From?" panel at the Prospectors & Developers Association of Canada (PDAC) convention.

“Copper is required for everything, and today 80 percent of terminal energy is carbon based and only 20 percent is electricity," he said. "If we want a green world, that has to be flipped around, where 80 percent of terminal energy has to be electricity. And the metal that carries electricity is copper in every which way. That is the key metal."

Keep reading...Show less
Avrupa Minerals CEO Paul Kuhn

Avrupa Minerals CEO Eyes Joint Ventures for VMS Projects in Europe

Avrupa Minerals (TSXV:AVU,OTC Pink:AVPMF,FWB:8AM) has achieved exploration milestones at the fully funded Alvalade copper-zinc volcanogenic massive sulfide project in Portugal and the Slivova gold project in Kosovo. CEO Paul Kuhn is keen to look for potential joint ventures to advance the company's projects.

“The idea is that we start the early phases of the project," he said. "We do the early exploration and hopefully discovery, which we've done at Slivova in Kosovo and the Sesmarias (target) in Portugal, and get them to a point where they are 'venturable.'”

Joint ventures, according to Kuhn, work better by allowing Avrupa and its partners to work together and resolve any problems related to exploration.

Keep reading...Show less
World Copper CEO Gordon Neal

New World Copper CEO Shares Plans to Advance Zonia Copper Project to Production

World Copper’s (TSXV:WCU) newly appointed CEO Gordon Neal wants to focus on advancing the Zonia copper oxide project in Arizona, US, to the development stage and transforming World Copper into a US-centric copper company.

“The US government, the Department of Energy, has determined that copper is a critical metal. And so there’s lots of attention and funds available for companies that have a US-domiciled project,” he said.

World Copper’s Zonia project has undergone extensive historical exploration and mine development planning, with a historical 2018 preliminary economic assessment and 2017 mineral resource estimate that show excellent economics, a mine life of 8.6 years and an average annual production rate of 49.1 million pounds.

Keep reading...Show less
 Western Copper and Gold President Dr. Paul West-Sells and CEO Sandeep Singh

Casino Project’s Compelling Attributes Attract "Phenomenal" Investments, WRN Exec Says

Western Copper and Gold’s (TSX:WRN,NYSEAMERICAN:WRN) Casino project is a compelling asset loaded with reserves that could last 27 years, one of the factors that sealed joint ventures with Rio Tinto (NYSE:RIO,ASX:RIO,LSE:RIO) and Mitsubishi Materials (TSE:5711), according to the company’s CEO, Sandeep Singh.

“Both (Rio Tinto and Mitsubishi) are tremendous partners. They lend a significant amount of technical expertise to the asset — things that a junior company could not replicate on its own even if it had the resources to do it,” he said.

“It's not just the scale … But also kind of the other factors going for it — the high-grade core, that it's at surface with next to no strip, the clean metallurgy, the jurisdiction it's in, you know, the state it's in. There's a lot of positive attributes. And it's not a surprise to us that it's attracted interest from those types of groups,” Singh added.

Keep reading...Show less
Miramar Resources

Bangemall Ground EM Surveys Outline Multiple Norilsk-Style Drill Targets

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to advise that ground electromagnetic (EM) surveys have identified multiple drill targets at the Company’s large 100%-owned Mount Vernon and Trouble Bore Projects in the Gascoyne region of Western Australia.

Keep reading...Show less
Culpeo Minerals

Culpeo Minerals Identifies New Target at Fortuna Project

Culpeo Minerals Limited (“Culpeo” or the “Company”) (ASX:CPO, OTCQB:CPORF) is pleased to announce that assay results returned from ongoing regional mapping and sampling programs at its Fortuna Project (the Project) have led to the discovery of new mineralisation at the El Quillay East Prospect. The Company intends to quickly delineate the full extent of this new target prior to drill testing.

Keep reading...Show less
Bold Ventures

Bold Ventures Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×