Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce that it has entered into an advertising and investor awareness campaign with Dig Media Inc., dba Investing News Network ("INN"). Based in Vancouver, Canada, INN has offices in Toronto, New York and San Francisco. INN has been dedicated to providing independent news and education to investors since 2007. The term of the engagement is seven months with the option to renew on the same terms for an additional six-month period. The cost of the campaign is $24,000 payable as $12,000 in common shares of Bold after the initial three-month period on January 31, 2023 and $12,000 in common shares of Bold after six months on April 30, 2023. Per TSX Venture Exchange ("TSXV") Policy 4.3 (Section 6.1), the deemed price of the securities to be issued will be based on the closing price the day before the payment is due. The transaction is subject to TSXV approval
Bold Ventures (TSX.V:BOL) focuses on precious and critical mineral assets in Northwestern Ontario demonstrating dual focus on precious metals and critical minerals, to create consistent value with gold and meet the growing demand for battery and critical metals. Bold Ventures’ projects are located within three active regions throughout Ontario: Thunder Bay West, Wawa West and the Ring of Fire camp located in the James Bay Lowlands. The Thunder Bay West projects contain gold and copper mineralization, while Wawa West and James Bay have assets with copper, nickel, zinc, silver and PGE mineralization.
The Traxxin gold project, west of Thunder Bay, has hosted numerous high-grade gold intersections in drilling. The most recent of which intersected 3.6 g/t gold over 12.3 meters. The project is a joint venture between Bold Ventures, as the operator, and Lac des Milles First Nation, where the joint venture can earn up to 100 percent of the property. The company’s additional assets include projects known for gold and for base metals needed for the growing clean energy market.
Company Highlights
- Bold Ventures is a Canadian mineral exploration company focused on exploring and developing its precious and critical mineral projects in Northern Ontario.
- The company owns and operates several projects throughout three key regions of Ontario: Thunder Bay West, James Bay Lowlands-Ring of Fire and Wawa West.
- The Traxxin gold project is a notable joint venture partnership between Lac des Milles First Nation and Bold Ventures, with the partners earning up to a 100 percent ownership of the property. Bold Ventures is the operator of the agreement.
- The Koper Lake Project is located 300 meters from the Ring of Fire Metals’ (formerly Noront and then Wyloo) flagship Eagle’s Nest Nickel-Copper deposit. It hosts a large chromite resource and attractive nickel potential.
- Bold Ventures’ management team has decades of experience within the mining sector. The management and technical team have participated in three world-class discoveries and have the right experience to guide the company toward its goals.
This Bold Ventures Inc. profile is part of a paid investor education campaign.*
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Bold Ventures
Overview
Gold is a well-respected hedge against inflation and global economic uncertainty. The spot price of gold recently hit a 19-month high in March 2022 of US$2,058 per ounce and has since dipped to ~US$1,700. This fluctuation has prompted market analysts to say that “gold is absolutely on sale right now,” as the current USD index is impacting its spot price.
There are several ways to invest in gold, including commodities and shares in mining companies. When investing in a mining company, it’s essential to consider the location of their projects. Stable jurisdiction with mining-friendly regulations is ideal. Fraser Institute’s 2021 Annual Survey of Mining Companies named Ontario the 12th most attractive jurisdiction for investment attractiveness and 13th for mineral potential. Additionally, Ontario is the largest producer in Canada of gold, PGEs and nickel. These data offer a level of confidence in Ontario-based mining operations.
Bold Ventures (TSX.V:BOL) is a Canadian mineral exploration company focusing on precious and critical mineral assets in Northwestern Ontario. The company’s asset portfolio demonstrates its dual focus on precious metals and critical minerals, to create consistent value with gold and meet the growing demand for battery and critical metals. Bold Ventures’ projects are located within three active regions throughout Ontario: Thunder Bay West, Wawa West and the Ring of Fire camp located in the James Bay Lowlands. The Thunder Bay West projects contain gold and copper mineralization, while Wawa West and James Bay have assets with copper, nickel, zinc, silver and PGE mineralization.The Traxxin gold project, west of Thunder Bay, has hosted numerous high-grade gold intersections in drilling. The most recent of which intersected 3.6 g/t gold over 12.3 meters. The project is a joint venture between Bold Ventures, as the operator, and Lac des Milles First Nation, where the joint venture can earn up to 100 percent of the property. The company’s additional assets include projects known for gold and for base metals needed for the growing clean energy market.
An experienced team of explorers and project managers leads the company toward fully realizing the potential of its portfolio. The company’s leadership team has participated in three significant world-class discoveries, including:
- Eagle River Mine: Discovered in 1987 and has procured over 1 million ounces (Moz) of gold.
- Windfall Lake: Discovered in 2006 and currently has an indicated 4.1 Moz of gold at 11.4 g/t.
- Ring of Fire Deposits: Discovered in 2017 and contains multiple significant deposits of nickel, cobalt and chromite.
The Bold Ventures teams’ wealth of experience allows them to acquire undervalued assets and apply sophisticated exploration techniques to identify significant mineral deposits. Leadership continues to explore its existing assets as it moves toward development.
Company Highlights
- Bold Ventures is a Canadian mineral exploration company focused on exploring and developing its precious and critical mineral projects in Northern Ontario.
- The company owns and operates several projects throughout three key regions of Ontario: Thunder Bay West, James Bay Lowlands-Ring of Fire and Wawa West.
- The Traxxin gold project is a notable joint venture partnership between Lac des Milles First Nation and Bold Ventures, with the partners earning up to a 100 percent ownership of the property. Bold Ventures is the operator of the agreement.
- The Koper Lake Project is located 300 meters from the Ring of Fire Metals’ (formerly Noront and then Wyloo) flagship Eagle’s Nest Nickel-Copper deposit. It hosts a large chromite resource and attractive nickel potential.
- Bold Ventures’ management team has decades of experience within the mining sector. The management and technical team have participated in three world-class discoveries and have the right experience to guide the company toward its goals.
Key Projects
Traxxin Gold Project
The Traxxin gold project is 130 kilometers west of Thunder Bay and has 154 claims covering 2,417 hectares. The project has excellent existing infrastructure and is road-accessible, cutting down on future development costs.
Project Highlights:
- Close Proximity to Significant Gold Deposit: The project is 20 kilometers east of Agnico Eagle’s Hammond Reef deposit, which contains 5.6 Moz of gold at 0.71 g/t, including reserves, measured and indicated.
- Promising New and Historical Exploration Results: Bold Ventures recently completed its 2021 drill hole campaign, which indicated 3.6 g/t gold over 12.3 meters. Additional historical results include:
- Grab samples 1281, 152, 116, 21.1 and 3.73 g/t gold
- Five historical drill holes with greater than 5 g/t gold over various intervals
- One historical drill hole greater than 37 g/t gold over 1 meter
- Additional Exploration Campaigns Planned: The company will soon follow up on its recent drill campaign by further exploring north, south, east and west to expand known deposits.
Farwell Copper-Gold Project
The Farwell project covers 19,200 acres of 113 cells, 18 multi-cells and six boundary claims. The asset is located in the east Lake Superior region of Northeastern Ontario, approximately 55 kilometers northwest of Wawa, and in a proven gold camp.
Project Highlights:
- Promising Geological Formations: The asset contains gold-bearing quartz veins located within an iron formation that stretches along the western extensions of a major deformation zone. Additionally, there is potential for base metal volcanogenic massive sulphide (VMS) mineralization known for containing copper, zinc, lead and silver.
- Completed Exploration Highlights Future Drill Targets: A recently completed versatile time domain electromagnetic (VTEM) survey has identified multiple anomalous areas for future exploratory drilling.
- Road-accessible: The asset is accessible by road and connects to highways for future material transportation.
Burchell Gold and Battery Metals Project
The Burchell asset includes 188 cells covering 4,512 hectares and is located 105 kilometers west of the port city of Thunder Bay in the south-central portion of Northwestern Ontario. The project is road-accessible through Trans-Canada Highway 11.
Project Highlights:
- Located in the Western Shebandowan Greenstone Belt: The Burchell project is located on the prominent greenstone belt and contains copper, gold, silver and molybdenum mineralization.
- Significant Known Deposits: One of the asset prospects, Hermia-Lake, extends for 2.8 kilometers and contains 0.31 percent to 1.1 percent copper over 1.30 meters to 6.7 meters, based on historical data.
- Close Proximity to Prolific Gold Property: The Burchell asset is nearby Goldshore Resources Inc.’s Moss Lake property, which is currently conducting a 100,000-meter diamond drill campaign.
Wilcorp Gold Project
The Wilcorp gold asset covers 266 hectares and consists of two contiguous properties in the McCaul township, including four patent claims and one mineral claim. The asset is 14 kilometers east of the town of Atikokan, Ontario, and within the Thunder Bay Mining Division. New drill targets have been identified for follow-up exploration.
Project Highlights:
- Near the Traxxin Project: The Wilcorp asset is close to the company’s Traxxin project, which means it is also near Agnico Eagle’s promising Hammond Reef asset.
- Induced Polarization (IP) Surveys and Prospecting: An IP survey outlined a total of 14 anomalies. Additionally, 62 grab samples were taken throughout the property with values ranging from less than 5 parts per billion (ppb) gold up to 14,403 ppb gold, which is approximately 14.4 g/t gold. Overall, 16 samples returned values over 100 ppb gold, with six samples returning over 1,000 ppb gold.
- Significant Historical Work: The asset has pre-existing historical work, including stripping, trenching and diamond drilling.
Koper Lake Project (Ring of Fire)
Project Highlights:
- Multiple Commodity Streams: The Koper Lake project has significant potential for critical minerals. The property has the potential to develop battery metals, chromite and precious metals for multiple revenue streams.
- Within the Koper Lake Project, the Black Horse Chromite Deposit contains a NI 43-101 inferred resource of 85.9 MT at a grade of 34.5 percent Cr2O3 using a cutoff grade of 20 percent Cr2O3.
- Black Horse Chromite Ownership Interests:
- Bold 10 percent carried interest, KWG 90 percent working interest.
- Option to earn up to: Bold 20 percent carried interest and KWG 80 percent working interest.
- Black Horse Chromite Ownership Interests:
Bold owns a 40 percent working interest in all metals other than chromite and has the option to acquire up to an 80 percent working interest in all other metals found within the claims. The asset comprises 1,024 hectares, and is less than 400 meters from Noront’s Eagle’s Nest nickel- copper massive sulphide deposit.
Ring of Fire Polymetallic Project
The Ring of Fire asset is a future key project that will be given further attention as the Ring of Fire regional infrastructure and First Nation agreements are developed.
Project Highlights:
- The Ring of Fire project is a grassroots project that has significant potential targeting critical minerals for exploration.
- Bold carried out a VTEM airborne survey in 2013 that located numerous geophysical anomalies that are prospective for critical minerals.
Management Team
David Graham - CEO and Director
David Graham has been active in the mineral exploration industry for over 40 years. Between 1997 and 2004 he was co-founder, president and CEO of Normiska Corporation, an industrial minerals and materials company with four production facilities in Canada and the United States. Between 2006 and 2010 he was a director and vice-president of Noront Resources Ltd. During this time the company made major discoveries at Windfall Lake in Urban Twp., Quebec and the Ring of Fire in the James Bay Lowlands of Ontario. From 2010 until 2017 he was executive vice-president of Bold Ventures Inc. at which time, he was appointed president and CEO. Since 1986, Graham has been president of R. Bruce Graham and Associates Ltd., a mineral exploration and natural resource consulting firm founded in 1956.
Graham has worked extensively in Canada as well as in the United States, Scandinavia and Africa. His experience has frequently included working with First Nations and regulatory agencies on projects that ranged from a grassroots stage to advanced development.
Robert Suttie - CFO
Robert Suttie has more than 25 years of experience, 10 of which were in public accounting prior to his tenure with the financial reporting group, Marrelli Support Services Inc., where he currently serves as president. Suttie specializes in management advisory services, accounting and the financial disclosure needs of the group’s publicly traded client base. He is regularly involved in initial public offerings, business combinations and asset carve-out and spin-out transactions. Suttie also serves as chief financial officer to a number of junior mining companies listed on the TSX, TSX Venture exchanges, CSE, as well as non-listed companies. Suttie leverages his skills and experience to become integral to the reporting issuers.
William Johnstone - Corporate Secretary
William R. Johnstone is the company’s corporate counsel and is the company’s corporate secretary. Johnstone has been a partner at Gardiner Roberts LLP since February 2005, practicing in the areas of corporate and securities law. Johnstone is the practice leader of the firm’s securities law group. Prior to that, Johnstone was the proprietor of Johnstone & Company, a boutique corporate and securities law firm, for 12 years. Johnstone has been practicing law for over 28 years. He is also a director and/or officer of six other TSX Venture Exchange listed companies.
Ian Brodie-Brown - Director & Consultant
Ian Brodie-Brown is an industry consultant and entrepreneur. Brodi-Brown is a graduate of the University of Toronto and has many years of experience arranging venture capital for emerging companies, specializing in the mining industry. Brodie-Brown is the past president and chief executive officer of AurCrest Gold Inc., a TSX Venture listed junior resource exploration company. Brodie-Brown is also a co-founder and president of Cathay Oil & Gas, a private company with foreign resource assets. He has a strong understanding of Aboriginal issues surrounding today’s mineral industry in Canada, and has successfully negotiated MOUs and exploration agreements with First Nation groups.
Steve Brunelle - Director
Steve Brunelle is a graduate in geology from Queen’s University with over 35 years’ experience in the resource industry. He is the chairman and a director of Rio Silver Inc. listed on the TSX Ventures Exchange. Brunelle was a founder and officer/director of Corner Bay Silver, which discovered the Alamo Dorado Silver deposit in Mexico and was acquired by Pan American Silver. He was a founder and officer/director of Stingray Copper, which was acquired by Mercator Minerals for the El Pilar Copper deposit in Mexico. He presently sits on the board of several resource companies that are active in Canada and Peru.
Jeff Wareham - Director
Jeff Wareham has over 30 years in the financial services industry. He is a former vice-president of two major Canadian brokerage firms. In this role, he was actively involved in the IPO of the 2012 TSX Venture stock of the year, and the IPO of the largest revenue stock on the TSX-V. He was directly involved in raising over $200 million for Canadian companies. He is currently CEO of Catch Capital Partners Inc., a private equity firm. He is a past director of Marquest Asset Management, an investment fund company focused on Canadian resource investments. He is also a director of Certive Solutions, a publicly listed US healthcare revenue cycle company. He hosted a weekly radio show for several years, and conducted many small cap investment interviews. Wareham graduated from Western University in 1990, with a degree in economics and English. He has earned several financial industry designations. He has been a professor of economics and a guest speaker on economics and political science at Canadian post-secondary institutions.
Bold Engages Investing News Network and Updates Burchell Gold-Copper Project
INN will expand Bold's name recognition and corporate message via digital and social media platforms resulting in greater market awareness of Bold's high potential projects and management's experience and successful track record of discoveries.
The prospecting field crew continues its work at the recently acquired Burchell Gold-Copper Project (see Bold press release dated April 28, 2022 and October 4, 2022) located in the Shebandowan Greenstone Belt 105 km west of Thunder Bay, Ontario. Bold has compiled historical and recent exploration results at the Burchell Gold-Copper project that will be enhanced by the prospecting and sampling program. The current program will also provide important logistical information related to access, ground conditions at the various mineral showings, historical trenches and drill hole collar locations.
Bold's ongoing exploration work at the Burchell Property indicates a persistent alteration trend along a northeast strike from the Hermia Cu-Au area. Additional mapping and prospecting is required to confirm the size and extent of this trend in the eastern portion of the property which has undergone very limited historical exploration activity.
The Company optioned the Burchell claims due to highly anomalous copper and gold mineralized trends as described in a NI 43-101 Technical Report on the Burchell Lake Property, Northwestern Ontario, by I. A. Osmani, M.Sc., P.Geo. dated October 12, 2017, that may be accessed here.
The property location is central to a number of ongoing exploration programs to the north, northeast and west and is immediately adjacent to and along trend with the Goldshore Moss Lake resource. Goldshore is currently in the process of completing a 100,000 m diamond drilling program that was announced on July 30, 2021 (Goldshore Resources Inc. website, 2022).
The technical and scientific disclosures in this news release have been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a qualified person (QP) under National Instrument 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 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.
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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.
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https://www.accesswire.com/722311/Bold-Closes-Non-Brokered-Private-Placement-and-Updates-Progress-at-Farwell
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Bold Mobilizes Crew to Burchell Gold-Copper Project
Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to report that a field crew has been mobilized to the recently acquired Burchell Gold-Copper Project (see Bold press release dated April 28, 2022) located in the Shebandowan Greenstone Belt 105 km west of Thunder Bay, Ontario. Bold's recent compilation of historical and recent exploration results at the Burchell Gold-Copper Project provides an excellent basis for this prospecting, geological mapping and sampling program
The Company optioned the Burchell claims due to highly anomalous copper and gold mineralized trends as described in a NI 43-101 Technical Report on the Burchell Lake Property, Northwestern Ontario, by I. A. Osmani, M.Sc., P.Geo. dated October 12, 2017, that may be accessed here.
The property location is central to a number of ongoing exploration programs to the north, northeast and west and is immediately adjacent to and along trend with the Goldshore Moss Lake resource. Goldshore is currently in the process of completing a 100,000 m diamond drill program that was announced on July 30, 2021 (Goldshore Resources Inc. website, 2022).
Bold Ventures management believe 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 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.
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Bold Ventures Completes Drill Program at the Traxxin Gold Project
Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to report that its initial diamond drill program at the Traxxin Gold Project east of Atikokan, Ontario, has been completed. Four NQ diameter holes, designed to test the Main Zone, were drilled. Bold's geological team is satisfied that the structure controlling the gold mineralization present in the historical drilling (20172018) was tested for the purposes of this program. Three of the holes appear to have intersected the Main Zone structure below the historical drilling at a vertical depth from 150 m to 200 m. The fourth hole (BV-21-01) intersected the zone at a vertical depth of approximately 80 m. This is based on visual observations only and does not indicate the gold content. Each hole has been logged and sampled. All samples have been sent for gold analysis and the results will be disclosed when received from the assay lab. Information gathered from this diamond drilling program will be used to review the depth potential and mineralizing controls in the Main Zone
Previous drilling in the Main Zone has traced a gold-bearing structure over 300 m in strike length hosting a well-defined, sheared, quartz vein surface exposure from 15 to 30 m wide. Of the previous eighteen diamond drill holes completed at the Traxxin Main Zone, only 2 holes penetrated depths in excess of 150 m (BED-17-017 and BED-18-022). The zone remains open in all directions.
The Southern Strike Extent
The Teardrop Gold Zone is located approximately 1000 m southwest and along strike of the Main Traxxin Gold Zone. Both zones are coincident with a 2000-metre-long Induced Polarization, Conductivity Zone (Zone CT-02) defined by Abitibi Geophysics in 2017. The Company plans additional surface sampling, mapping and geophysical surveys to aid in tracking the southern strike extent of the main structure and the possible location of additional gold occurrences on the property. This work will provide the necessary information to finalize the next phase of exploration.
The Northern Strike Extent
Additionally, the Company is planning a geophysical survey covering the northeast extension of the Traxxin Shear Zone in an effort to track the gold mineralization along this main structure. The projection of the zone to the north appears to pass under Bedivere Lake and the geophysical survey will be carried out over the ice. Upon completion of this work, a follow-up drill program will be considered.
About the Traxxin Property
Located 130 km west of Thunder Bay, Ontario, the Traxxin property can be accessed by all-weather roads north from the TransCanada Highway 11. The property consists of 151 claim and boundary cells comprising approximately 5497 acres or 2224 hectares.
Prospecting and sampling by the current vendors of the Traxxin claims began in 2011 and culminated in the 2016 discovery of a high-grade quartz vein hosting visible gold (VG). Grab sample assays for gold ranged from anomalous to 1281 g/t Au (41 oz/t Au) (Sims 2019).
A follow-up exploration program in 2017 consisted of geological and geophysical surveys, trenching, sampling and diamond drilling. The drill program was successful in locating the Main Zone mineralization and tracing it over a strike length of 300 m. It remains open in all directions.
In September of 2020 the Company received an exploration permit allowing for diamond drilling, trenching, sampling and line cutting.
Traxxin Gold Project Highlights
The Main Zone is located in the Marmion Lake Batholith, host to Agnico Eagle's Hammond Reef deposit of 208 Mt @ 0.67 g/t (Measured and Indicated) representing 4.5 Moz Au (Agnico Eagle website 2021).
Recent trenching and diamond drilling (2018) have identified a gold-bearing zone of at least 300 m in strike associated with a well-defined sheared quartz vein surface exposure from 15 to 30 m wide.
Diamond drilling results (2017-2018) include 4.76 g/t Au over 3.8 m (Hole BED-17-016), 1.07 g/t Au over 22.2 m (Hole BED-17-005) and 37.3 g/t Au over 1 m (BED-17-003) (Sims 2019).
The gold-bearing structure is open along strike in both directions. The 2017 and 2018 diamond drilling generally tested above 100 m. Two holes (BED-18-022 and BED-17-021), located in the main zone and outside of the main zone to the southwest respectively, penetrated to depths in excess of 150 m and intercepted the gold-bearing structure where it remains open at depth.
Traxxin Extension Joint Venture
In April 2017 Lac des Mille Lacs First Nation (LDMLFN) and Bold entered into a joint venture to explore the north-eastern extension of the Traxxin Gold discovery. Pursuant to the Traxxin Extension Joint Venture Agreement, LDMLFN has the right to earn a 50% interest in the Traxxin Gold Property from Bold by paying to Bold 50% of the cash option payments, 50% of the expenditure requirements and reimbursing Bold for 50% of the value of the shares issued pursuant to the Option. If the Option is earned and both parties maintain their interest in the Traxxin Gold Property, Bold and LDMLFN will form a joint venture for the further exploration and development of the Traxxin Gold Property.
The technical information found within this news release has been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a qualified person (QP) for the purposes of NI 43-101.
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 field operations. As a result of the Covid-19 pandemic giving rise to local and national anti-virus measures, the scheduling of activities are subject to change.
Please visit the Bold website at www.boldventuresinc.com and see our recent news and project information.
About Bold Ventures Inc.
The Company explores for Gold and Base metals in Canada. Bold is exploring properties located within active gold camps of Northern 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 www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.
"David B 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/626446/Bold-Ventures-Completes-Drill-Program-at-the-Traxxin-Gold-Project
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Bold Ventures Commences Drill Program at the Traxxin Gold Project
Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") reports that its initial diamond drill program at the Traxxin Gold Project has commenced. The program will consist of approximately 1000 m of NQ diameter drill core in 5 holes. The program is designed to test beneath the Main Zone where previous drilling has traced a gold-bearing structure that is over 300 m in strike length and has a well-defined, sheared, quartz vein surface exposure from 15 to 30 m wide. Of the previous eighteen diamond drill holes completed over the Traxxin main zone, only 2 holes penetrated depths in excess of 150 m (BED-18-021 and -022). The zone remains open in all directions
About the Traxxin Property
Located 130 km west of Thunder Bay, Ontario, the Traxxin property can be accessed by all-weather roads north from the TransCanada Highway 11. The property consists of 151 claim and boundary cells comprising approximately 5497 acres or 2224 hectares.
Prospecting and sampling, by the current vendors of the Traxxin claims began in 2011 and culminated in the 2016 discovery of a high grade quartz vein hosting visible gold (VG). Grab sample assays for gold ranged from anomalous to 1281 g/t Au (41 oz/t Au) (Sims 2019).
A follow up exploration program in 2017 consisted of geological and geophysical surveys, trenching, sampling and diamond drilling. The drill program was successful in locating the Main Zone mineralization and tracing it over a strike length of 300 m. It remains open in all directions.
In September of 2020 the Company received an exploration permit allowing for diamond drilling, trenching, sampling and line cutting.
Traxxin Gold Project Highlights
- Main zone located in the Marmion Lake Batholith, host to the Agnico Eagle's Hammond Reef deposit of 208 Mt @ 0.67 g/t (Measured and Indicated) representing 4.5 Moz Au (Agnico Eagle website 2021)
- Recent trenching and diamond drilling (2018) have identified a gold-bearing zone of at least 300 m in strike associated with a well-defined sheared quartz vein surface exposure from 15 to 30 m wide
- Diamond drilling results include 4.76 g/t Au over 3.8 m (Hole BED-17-016), 1.07 g/t Au over 22.2 m (Hole BED-17-005) and 37.3 g/t Au over 1 m (BED-17-003) (Sims 2019)
- The gold-bearing structure is open along strike in both directions. The 2017 and 2018 diamond drilling generally tested above 100 m. Two holes (BED-17-022 and BED-18-021), located in the main zone and outside of the main zone to the southwest respectively, penetrated to depths in excess of 150 m and intercepted the gold-bearing structure where it remains open at depth
Traxxin Extension Joint Venture
In April 2017 Lac des Mille Lacs First Nation (LDMLFN) and Bold entered into a joint venture to explore the northeastern extension of the Traxxin Gold discovery. Pursuant to the Traxxin Extension Joint Venture Agreement, LDMLFN has the right to earn a 50% interest in the Traxxin Gold Property from Bold by paying to Bold 50% of the cash option payments, 50% of the expenditure requirements and reimbursing Bold for 50% of the value of the shares issued pursuant to the Option. If the Option is earned and both parties maintain their interest in the Traxxin Gold Property, Bold and LDMLFN will form a joint venture for the further exploration and development of the Traxxin Gold Property.
The technical information found within this news release has been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a qualified person (QP) for the purposes of NI 43-101.
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 field operations. As a result of the Covid-19 pandemic giving rise to local and national anti-virus measures, the scheduling of activities are subject to change.
Please visit the Bold website at www.boldventuresinc.com and see our recent news and project information.
About Bold Ventures Inc.
The Company explores for Gold and Base metals in Canada. Bold is exploring properties located within active gold camps of Northern 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 www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.
"David B 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/623891/Bold-Ventures-Commences-Drill-Program-at-the-Traxxin-Gold-Project
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B2Gold Declares Fourth Quarter 2022 Dividend of $0.04 per Share
B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce that its Board of Directors (the "Board") has declared a cash dividend for the fourth quarter of 2022 of $0 .04 per common share (or an expected $0.16 per share on an annualized basis), payable on December 16 2022, to shareholders of record as of December 7, 2022 . All dollar figures are in United States Dollars unless otherwise indicated.
As part of the long-term strategy to maximize shareholder value, B2Gold expects to declare future quarterly dividends at the same level. This dividend is designated as an "eligible dividend" for the purposes of the Income Tax Act ( Canada ). Dividends paid by B2Gold to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
The declaration and payment of future dividends and the amount of any such dividends will be subject to the determination of the Board, in its sole and absolute discretion, taking into account, among other things, economic conditions, business performance, financial condition, growth plans, expected capital requirements, compliance with the B2Gold's constating documents, all applicable laws, including the rules and policies of any applicable stock exchange, as well as any contractual restrictions on such dividends, including any agreements entered into with lenders to the Company, and any other factors that the Board deems appropriate at the relevant time. There can be no assurance that any dividends will be paid at the intended rate or at all in the future.
B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada . Founded in 2007, today, B2Gold has operating gold mines in Mali , Namibia and the Philippines and numerous exploration and development projects in various countries including Mali , Colombia , Finland and Uzbekistan . B2Gold forecasts total consolidated gold production of between 990,000 and 1,050,000 ounces in 2022.
On Behalf of B2GOLD CORP.
"Clive T. Johnson"
President & Chief Executive Officer
For more information on B2Gold, please visit the Company website at www.b2gold.com or contact:
Michael McDonald | Cherry DeGeer |
VP, Investor Relations & Corporate Development | Director, Corporate Communications |
+1 604-681-8371 | +1 604-681-8371 |
The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release.
Production guidance presented in this news release reflect total production at the mines B2Gold operates on a 100% project basis. Please see our Annual Information Form dated March 30, 2022 for a discussion of our ownership interest in the mines B2Gold operates.
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including: projections; outlook; guidance; forecasts; estimates; statements regarding future or estimated financial and operational performance, gold production and sales, revenues and cash flows, and capital costs (sustaining and non-sustaining) and operating costs, and including, without limitation: total consolidated gold production of between 990,000 and 1,050,000 ounces in 2022. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made.
Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond B2Gold's control, including risks associated with or related to: the duration and extent of the COVID-19 pandemic, the effectiveness of preventative measures and contingency plans put in place by the Company to respond to the COVID-19 pandemic, including, but not limited to, social distancing, a non-essential travel ban, business continuity plans, and efforts to mitigate supply chain disruptions; escalation of travel restrictions on people or products and reductions in the ability of the Company to transport and refine doré; the volatility of metal prices and B2Gold's common shares; changes in tax laws; the dangers inherent in exploration, development and mining activities; the uncertainty of reserve and resource estimates; not achieving production, cost or other estimates; actual production, development plans and costs differing materially from the estimates in B2Gold's feasibility and other studies; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; the ability to replace mineral reserves and identify acquisition opportunities; the unknown liabilities of companies acquired by B2Gold; the ability to successfully integrate new acquisitions; fluctuations in exchange rates; the availability of financing; financing and debt activities, including potential restrictions imposed on B2Gold's operations as a result thereof and the ability to generate sufficient cash flows; operations in foreign and developing countries and the compliance with foreign laws, including those associated with operations in Mali , Namibia , the Philippine and Colombia and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements or resource nationalization generally, including in response to the COVID-19 outbreak; remote operations and the availability of adequate infrastructure; fluctuations in price and availability of energy and other inputs necessary for mining operations; shortages or cost increases in necessary equipment, supplies and labour; regulatory, political and country risks, including local instability or acts of terrorism and the effects thereof; the reliance upon contractors, third parties and joint venture partners; the lack of sole decision-making authority related to Filminera Resources Corporation, which owns the Masbate Project; challenges to title or surface rights; the dependence on key personnel and the ability to attract and retain skilled personnel; the risk of an uninsurable or uninsured loss; adverse climate and weather conditions; litigation risk; competition with other mining companies; community support for B2Gold's operations, including risks related to strikes and the halting of such operations from time to time; conflicts with small scale miners; failures of information systems or information security threats; the ability to maintain adequate internal controls over financial reporting as required by law, including Section 404 of the Sarbanes-Oxley Act; compliance with anti-corruption laws, and sanctions or other similar measures; social media and B2Gold's reputation; risks affecting Calibre having an impact on the value of the Company's investment in Calibre, and potential dilution of our equity interest in Calibre; as well as other factors identified and as described in more detail under the heading "Risk Factors" in B2Gold's most recent Annual Information Form, B2Gold's current Form 40-F Annual Report and B2Gold's other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission (the "SEC"), which may be viewed at www.sedar.com and www.sec.gov , respectively (the "Websites"). The list is not exhaustive of the factors that may affect B2Gold's forward-looking statements
B2Gold's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to B2Gold's ability to carry on current and future operations, including: the duration and effects of COVID-19 on our operations and workforce; development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; B2Gold's ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.
B2Gold's forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. B2Gold does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities B2Gold will derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.
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SOURCE B2Gold Corp.
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