Bold Ventures Receives Assays up to 16.3 gpt Au at its Wilcorp Property

Bold Ventures Receives Assays up to 16.3 gpt Au at its Wilcorp Property

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") announces that it has received assays ranging from

The 16.3 gpt Au sample corresponds to a 10 cm quartz vein in an old pit and stripped area, 35 meters northeast of a 2012 sample which returned 14.4 gpt Au. Additional sampling 100 meters further south yielded gold results up to 892 ppb Au from intermediate schist with quartz-ankerite veining in outcrop, 25 meters west of a 2012 sample which returned 462 ppb Au. An angular boulder of intermediate schist with quartz veining 45 meters east of the 2012 sample returned 110 ppb Au. See Figure 1 for thematic Au results across the property to date, and Table 1 below for sample descriptions and all Au results from the site visit.

Table 1: Grab Sample Au Results from Sept. 2024 Wilcorp Site Visit

SampleDateArea X (UTM Z15)Y (UTM Z15)SourceDescriptionAssay Certificate No.Au_ppb
B4148512024-09-08Northern Trenches 2012 14 grammer6158155403873OutcropQtz-ankerite vein in silicified mafic schist, tr-1% arsenopyrite.A24-1086816300
B4148522024-09-08Northern Trenches 2012 14 grammer6157725403836OutcropQtz-ankerite vein.A24-10868307
B4148532024-09-08Bjorkman 2012 1/2 grammer6158335403777OutcropSilicified mafic schist.A24-1086823
B4148542024-09-08Bjorkman 2012 1/2 grammer6158335403776.7OutcropQuartz sericite schist.A24-108682.5
B4148552024-09-08Bjorkman 2012 1/2 grammer6158335403773TalusQuartz sericite schist.A24-108682.5
B4148562024-09-08Bjorkman 2012 1/2 grammer6158275403772Frost heaveSilicified quartz sericite schist.A24-108682.5
B4148572024-09-08Bjorkman 2012 1/2 grammer6158385403773Frost heaveSilicified quartz sericite schist.A24-108682.5
B4148582024-09-08Bjorkman 2012 1/2 grammer6158275403768OutcropIntermediate schist with moderate qtz-ankerite veins.A24-10868892
B4148592024-09-08Bjorkman 2012 1/2 grammer6158405403764Frost heaveSilicified quartz sericite schist.A24-108682.5
B4148602024-09-08Bjorkman 2012 1/2 grammer6158445403760Frost heaveSilicified quartz sericite schist.A24-108682.5
B4148612024-09-08Bjorkman 2012 1/2 grammer6158455403764OutcropQuartz-ankerite vein.A24-108682.5
B4148622024-09-08Bjorkman 2012 1/2 grammer6158505403765Frost heaveSilicified quartz sericite schist with moderate qtz veinlets, minor pyrite, chalcopyrite.A24-108682.5
B4148632024-09-08Bjorkman 2012 1/2 grammer6158965403771Angular boulderSilicified intermediate schist, ankerite alteration, min-mod quartz stringers.A24-10868110
B414873N/AN/AN/AN/AN/ABlank.A24-108682.5
B414874N/AN/AN/AN/AN/AStandard CDN-GS-2G.A24-108682260

 

Mineralization on the Wilcorp property is generally hosted in quartz-ankerite veining with pyrite, chalcopyrite and arsenopyrite within approximately east-west shear zones. Bold carried out an Induced Polarization (I.P.) survey across the property in 2012, identifying several east-west IP chargeability anomalies (see Figure 1). Limited follow-up prospecting returned values ranging from

It is unknown whether this zone corresponds to the historical Eagle Prospect (or Agnico Eagle Occurrence), where 36 diamond drill holes were completed in 1946. According to two unpublished historical maps in the Thunder Bay resident geologist files, values of 11.1 gpt Au over 4.1m including 30.8 gpt Au over 0.8m were identified. These values are historically designated and unable to be substantiated.

The next phase of fieldwork will focus on locating historical workings, especially the Eagle Prospect, and prospecting in areas of known gold anomalies and I.P. trends. Trenching, channel sampling and soil sampling programs may be warranted to generate firm targets for diamond drilling. The 2024 Updated Wilcorp Gold Project Details may be accessed here.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5762/228430_4f2ec33d64ef0af0_001.jpg

Figure 1: Thematic Au Results and I.P. Trends on the Wilcorp Property

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5762/228430_4f2ec33d64ef0af0_001full.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. Samples were also analyzed using ActLabs method UT-6M, a 4-acid near total digestion with ICP-MS / ICP-OES finish, yielding geochemical results for 49 elements.

About the Wilcorp Gold Project

The Wilcorp claim group is located approximately 13 km east of the town of Atikokan, Ontario in McCaul Township, and 17 km south of Agnico Eagle's (AEM.t) Hammond Reef deposit, which contains combined reserves and resources of 5.6 Moz of gold at 0.71 gpt Au (Agnico Eagle website, 2022). The Property consists of 18 staked claims and 4 patented claims covering 264 hectares.

Mineralization in the region is generally related to northeast-trending interpreted splays off the Quetico Fault, a regional transcurrent fault which separates the Wabigoon greenstone belt to the north from the Quetico metasedimentary belt to the south. Known prospects associated with an interpreted splay in the vicinity of the Wilcorp property include the Olcott Prospect and the past producing Sapawe gold mine.

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., Vice President, Exploration of the Company, 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.

Bold's recently updated Corporate Presentation can be viewed here.

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 info@boldventuresinc.com.

"Bruce A MacLachlan"
Bruce MacLachlan
President and COO

Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

"David B Graham"
David Graham
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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228430

News Provided by Newsfile 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 Announces Final Closing of Non-Brokered Private Placement and Insider Subscriptions

Bold Ventures Announces Final Closing of Non-Brokered Private Placement and Insider Subscriptions

Bold Ventures Inc. (BOL: TSX.V) (the "Company" or "Bold") is pleased to announce that further to its press releases dated July 4, 2024, August 1, 2024, August 19, 2024, August 22, 2024 and September 19, 2024 it has completed the final tranche of a non-brokered private placement offering with the placement of 1,000,000 flow-through units ("FT Units") for aggregate gross proceeds of $50,000.00 (the "Final Closing"). The Company raised a total of $274,200 through the placement of 5,205,000 working capital units ("WC Units") and 1,320,000 FT Units

Each WC Unit consisted of one (1) Common Share and one (1) Common Share purchase warrant (a "WC Warrant"). Each WC Warrant entitled the holder to purchase one (1) Common Share (a "WC Warrant Share") at a price of $0.06 per WC Warrant Share until the date that is three (3) years following closing.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bold Ventures Announces Closing of Third Tranche, Extension of Non-Brokered Private Placement, and Insider Subscriptions

Bold Ventures Announces Closing of Third Tranche, Extension of Non-Brokered Private Placement, and Insider Subscriptions

Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce that further to its press releases dated July 4, 2024, August 1, 2024, August 19, 2024, and August 22, 2024 it has completed the third tranche of a non-brokered private placement offering with the placement of 737,500 WC Units (as defined below) for aggregate gross proceeds of $29,500.00 (the "Third Closing"). The Company has now raised $224,200 in total through the placement of 5,205,000 WC Units and 320,000 FT Units

The Offering

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bold Ventures Acquires 100% Ownership of Traxxin Gold Project and Stakes More Ground

Bold Ventures Acquires 100% Ownership of Traxxin Gold Project and Stakes More Ground

Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce that it has made the final cash payment of $40,000 to complete the Traxxin Gold Project (the "Project") option agreement. All requirements of the option agreement have now been fulfilled by Bold to acquire 100% working interest in the Project. The Project is subject to a 2% NSR in favour of the vendor. The Company can purchase a 1% NSR for the payment of $1 million and has the right of first refusal with respect to the remaining 1% NSR

The Company reports that it recently staked 34 single-cell claims adjoining the Traxxin Property to the northeast in order to cover northeast-trending topographical and magnetic lineaments which could correspond to the strike extension of the Traxxin shear zone or subparallel shears which may also be prospective for gold mineralization.

News Provided by ACCESSWIRE via QuoteMedia

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

Bold Ventures Closes Second Tranche of Non-Brokered Private Placement

Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce that further to its press releases dated July 4, 2024, August 1, 2024, and August 19, 2024, it has completed the second tranche of a non-brokered private placement offering with the placement of 2,712,500 WC Units (as defined below) and 320,000 FT Units (as defined below) for aggregate gross proceeds of $124,500.00 (the "Second Closing

The private placement offering is for up to 8,000,000 working capital units (the "WC Units") of the Company at a price of $0.04 per WC Unit for up to $320,000 and up to 12,000,000 Flow Through units (the "FT Units") at a price of $0.05 per FT Unit for up to $600,000 both of which constitute the "Offering".

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bold Announces Extension of its Non-Brokered Private Placement

Bold Announces Extension of its Non-Brokered Private Placement

Bold Ventures Inc. (TSX.V:BOL) (the "Company" or "Bold") wishes to announce that it is extending its non-brokered private placement, announced on July 4, 2024. This involves up to 8,000,000 working capital units (the "WC Units") of the Company at a price of $0.04 per WC Unit for up to $320,000 and up to 12,000,000 Flow Through units (the "FT Units") at a price of $0.05 per FT Unit for up to $600,000 both of which constitute the "Offering". The Company closed the first tranche of the offering on July 31, 2024 with the placement of 1,755,000 WC Units for proceeds of $70,200. The Offering will remain open until the earlier of the sale of the remaining 6,245,000 WC Units and the 12,000,000 FT Units and September 18, 2024

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Red Metal Resources Provides Corporate Update and Announces Financing

Red Metal Resources Provides Corporate Update and Announces Financing

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to provide a corporate update and announce a financing.

Red Metal has executed a Definitive Agreement on claims in Quebec, see news release dated October 30, 2024, and Company views these claims as a foundation. Red Metal intends to expand and grow the mineral claims that are within the Timiskaming Graben Formation near the town of Ville Marie. Meanwhile, the Company will look to continue its work on its flagship post discovery copper project in Chile.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Noble Minerals Announces Drilling Results from Noble Minerals-Canada Nickel Joint Venture

Noble Minerals Announces Drilling Results from Noble Minerals-Canada Nickel Joint Venture

(TheNewswire)

Noble Mineral Exploration Inc.

Highlights

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Vertex Minerals Limited  Quarterly Activities Report

Vertex Minerals Limited Quarterly Activities Report

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) has identified major benefits for utilising pre-concentration technology at its Reward high grade gold mine.

Ore sorting pre-concentration test work was initiated with leading ore sorting provider TOMRA with outstanding results.

94kg of sample from the low-grade stockpile at Reward Gold Mine (Reward) was sorted. The following results were reported;

- Head grade to Sorter weighted average grade (WAG) = 3.70 g/t gold,

- Ore grade WAG after sorting = 16.22g/t gold (337.20% increase on grade),

- Ore/waste split after sorting = 19.31kgs Ore vs 74.54kgs Waste (79% mass reduction),

- Gold lost to waste fraction = 0.03grams (>90% efficiency)

Refurbishment of the plant is well underway, and Vertex anticipates that the plant will be re-installed at Hill End later this year. The Company anticipates production will commence in January 2025.

Vertex acquired a Boart Longyear LM90 underground drill rig to advance exploration at the Reward gold mine below the existing resource.

ORE SORTER TEST WORK AND IMPLEMENTATION INTO THE HILL END GRAVITY PLANT

Pre-concentration technology initiated at the Hill End Gravity Plant to separate highgrade ore from waste before it enters the processing plant.

By processing only high-grade ore, energy consumption can be reduced, water consumption will be halved leading to lower operating costs and reduction of the carbon footprint.

The small sorting unit will be simply incorporated in the existing plant being refurbished by Gekko.

Previous scoping test results from TOMRA suggested that the Greywacke country rock can be efficiently and effectively separated from the high-grade quartz carrying the gold leading to significant head grade uplift and reduced material to be processed.

Test Results

94kg of sample from the low-grade stockpile at Reward Gold Mine (Reward) was sorted.

The following results are reported;

- Head grade to Sorter weighted average grade (WAG) = 3.70 g/t gold,

- Ore grade WAG after sorting = 16.22g/t gold (337.20% increase on grade),

- Ore/waste split after sorting = 19.31kgs Ore vs 74.54kgs Waste (79% mass reduction),

- Gold lost to waste fraction = 0.03grams (>90% efficiency)

ACQUISITION OF A LM90 UNDERGROUND DRILL RIG

Vertex has acquired a Boart Longyear LM90 underground drill rig to advance exploration at the Reward gold mine below the existing resource.

The Vertex team are planning diamond drill programs for the following:

- Below the current JORC-2012 Reward Resource with the aim of expanding upon the existing resource;

- Fosters Exploration Target; and

- South Star prospect area

Acquisition of the LM90 follows an extensive review of the mineralisation potential below the Reward resource, which has only been drilled up to 50m below the Amalgamated Adit. This area targeted is referred to as the 'Reward mid depths' as it is located just 80m to ~200m below the Amalgamated Adit. Refer to Figure 1*

Upon commissioning of the LM90 drill rig, Vertex have planned eight drill holes to target the high-grade Fosters Exploration target.

The LM90 has several advantages well-suited to Vertex's requirements, including:

- The ability to work on surface and underground;

- Safe, Semi-automated, with a rod-handler system which allows for less manual handling;

- Allows greater flexibility in drilling over a number of resource and exploration areas; and

- LM 90 rigs are well-established in the industry as safe and reliable underground drill rigs.

Vertex acquiring its own rig has many advantages;

- Per-metre drill costs will be significantly less than hiring an external drill contractor

- More control and accuracy over precision of drilling.

- Works well with Job sharing

- Reduces pressure on Mining crew to have drill cuddy availability

- The LM90 rig will be accounted for as an asset on the Vertex balance sheet

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/CHF6G92O



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Aston Bay and American West Metals Report Assays from Deep Drilling at the Storm Project, Nunavut, Canada

Aston Bay and American West Metals Report Assays from Deep Drilling at the Storm Project, Nunavut, Canada

98 metres of copper sulfides reinforce large-scale sediment-hosted copper potential

Highlights:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Red Metal Resources Executes Definitive Agreement to Acquire 100% Interest in Mineral Claims Package in Ville Marie, Quebec, Contiguous to Recent Hydrogen Discovery

Red Metal Resources Executes Definitive Agreement to Acquire 100% Interest in Mineral Claims Package in Ville Marie, Quebec, Contiguous to Recent Hydrogen Discovery

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to announce that it has completed due diligence and executed a Definitive Agreement (the "Agreement") with an arm's length vendor to acquire a 100% interest in three separate packages of mineral claims and mineral claim applications directly contiguous to Quebec Innovative Materials Corp.'s ("QIMC") recent Hydrogen sample discovery of over 1,000 ppm, announced on September 4th 2024. These mineral claim blocks are located within the Timiscaming Graben formation approximately 15 km north of the town of Ville Marie, Quebec, located between two major mining cities and is accessible by road (Route 101).

News Provided by Newsfile via QuoteMedia

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

×