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Bold Ventures and Fancamp Exploration Sign Letter of Intent
Mar. 05, 2012 09:55AM PST
Industrial Metals Investing
Bold Ventures Inc. (TSXV:BOL) announced that it has signed a Letter of Intent with Fancamp Exploration Ltd. (TSXV:FNC). The document gives Bold the opportunity to earn up to 60 percent interest in Fancamp’s Ring of Fire area McFaulds property.
Bold Ventures Inc. (TSXV:BOL) announced that it has signed a Letter of Intent with Fancamp Exploration Ltd. (TSXV:FNC). The document gives Bold the opportunity to earn up to 60 percent interest in Fancamp’s Ring of Fire area McFaulds property (FNC ROF Property).
As quoted in the press release:
The FNC ROF Property, consisting of four contiguous claims totalling 1024 hectares, is situated approximately 400 meters southeast of the original discovery called the Eagle’s Nest Copper-Nickel-PGM deposit. Since the latter discovery, several world class chromium deposits have been discovered surrounding the FNC ROF Property. All of the latter deposits are currently being assessed for production possibilities together with various scenarios of ground transportation to the area.
Click here to read the full Bold Ventures Inc. (TSXV:BOL)Â press release.