Heritage Mining Commences 2024 Exploration Season at Expanded Drayton-Black Lake

Heritage Mining Commences 2024 Exploration Season at Expanded Drayton-Black Lake

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC, May 22, 2024 TheNewswire Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or theĀ " Company ") is pleased to announce the commencement of the 2024 exploration program at its flagship property Drayton Black Lake (" DBL "). The Company believes the progress achieved to date represents important milestones for systematic exploration in one of the last underdeveloped greenstone belts in Northwestern Ontario.

Highlights

  • DBL Target - Zone 3:

    • 3D model for evaluation and confirmation drilling of the historical 1980 Non 43-101 Compliant Mineral Resource of 70,000 tonnes at 8.16g/t Au high-grade ore shoot, near surface (Figures 1-5)

    • Property expansion along Zone 3 gold-bearing Contact Zone 3 through to Zone 10 (Figure 6)

  • DBL Exploration Update:

    • Soil Sampling (Spatiotemporal-Gas-Hydrocarbon (SGH)) & mapping commencement (Figures 7, 8), results pending.

    • Diamond drilling to commence late Q2 2024

  • Structural Interpretation and Geological Modeling: Property wide structural interpretation (Figure 9) and 3D geological model (32km EW by 25km NW by 3km vertical extent).

"We are excited to share the progress we are making at DBL, with emphasis on Zone 3 target area. A testament to the systematic exploration approach ahead of drilling. Zone 3, an area that has received no additional drilling since 1937, through 3D modelling is evidence to the potential of this project. The expansion along the gold-bearing Contact Zone 3 to Zone 10 opens up new opportunities for discovery. With boots on the ground and field activities in full swing, we are well-positioned to advance our exploration program and unlock the full potential of our properties." Commented Peter Schloo, President, CEO and Director of Heritage.

DBL Project - Zone 3 Target Ā Area

Zone 3 Historical Highlights to be confirmed in this year's exploration program by diamond drilling.


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Figure 1 ā€“ Ā Historical drilling highlights to be confirmed by the Company


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Figure 2 ā€“ 3D Model of Zone 3


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Figure 3 ā€“ 3D Model of Zone 3 and description


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Figure 4 ā€“ Historical drilling, trenching and EM Frasier Transformation


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Figure 5 ā€“ 3D Model of Zone 3 and explanation

Zone 3 Contact Extension Secured

Zone 3 mineralization is associated along the Contact of the Mafic Volcanics and Batholith. The Company therefore staked claims along the contact in order to secure continuity totaling ~+4km in potential strike length.


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Figure 6 ā€“ Reduced-to-Pole Magnetic Intensity over Bedrock Geology

Exploration Plan Update

Soil Sample - Spatiotemporal-Gas-Hydrocarbon type analysis (SGH)

The orientation grid consisted of 88 samples taken at 25m spacing on a grid pattern. This survey targeted known mineralization at surface near the Alcona mine to determine the practicalityĀ of spatiotemporal-gas-hydrocarbon type analysis (SGH) in the local terrane. This will ensure the survey properly picks up on mineralizationĀ before initiating a property-wide survey later this summer.


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Figure 7 Alcona Area orientation grid soil sampling 2024

Case Study Support for SGH


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Figure 8 ā€“ Case Study from Act Labs website: www.actlabs.com

For more information please visit: https://actlabs.com/geochemistry/tools-for-buried-deposit-targets/sgh/

Diamond Drilling is set to commence no later than June 30, 2024.

Property-wide Structural Interpretation & 3D Geology Model

Structural Interpretation :

The interpretation is heavily slanted toward the identification of favourable zones for hosting orogenic-style gold. The belt hosts geometries consistent with two major deformation events, mineralisation during either event is possible based on current information.

First pass interpretation resulted in 20 zones of structural complexity with potential to host low mean stress sites applicable to both (Figure 9).

"Gold mineralisation appears to be spatially coincident with the second-order sigmoidal, across-belt structures in the eastern end of the belt. In the west of the project area, the geometry of folded thrusts sitting at the end of, and possibly above, a major syntectonic granite pluton, has geometric affinities with the multi-million ounce Kanowna Belle gold deposit in Western Australia. Note that similar macroscale geometries to those inferred for the HML ground have been identified in Proterozoic and Archaean granite-greenstone belts globally and host world-class orogenic-style gold deposits, reinforcing the gold-discovery potential of HML's tenement package." Commented Dr. Brett Davis, Advisor to the Company


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Figure 9 ā€“ Areas of interest at DBL for orogenic-style gold ā€“ Structural Interpretation

3D Geological Model

The Company has created the first ever property-wide 3D geological model (32km EW by 25km NW by 3km vertical extent) to model the property's historic database, which dates back to the early 1900s and totals over 28 kilometers of drilling to date. The modelling of the database will enhance the company's geological understanding of the property, providing new insights into styles of mineralization and their geologic controls. It is expected to unlock further targets to test in the Company's active 2024 program.

Qualified Person

Mitch Lavery P. Geo, Strategic Advisor for the Company, serves as a qualified person as defined by National Instrument 43-101 ā€“Ā Standards of Disclosure for Mineral ProjectsĀ and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forwardā€looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forwardā€looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2024 TheNewswire - All rights reserved.

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Heritage Mining (CSE:HML)

Heritage Mining


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Heritage Mining Further Expands Land Position and Provides Exploration Update

Heritage Mining Further Expands Land Position and Provides Exploration Update

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - November 19, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or theĀ " Company ") is pleased to announce the claim package expansion at its flagship Drayton Black Lake (" DBL ") Ā based on experts recommendations Brett Davis and Dr. Gregg Morrison in addition to an update on the ongoing 2024 exploration program over the Ontario Project Portfolio. The Company believes the progress achieved to date represents important milestones for systematic exploration in one of the last underdevelopment greenstone belts in Northwestern Ontario.

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Heritage Mining Announces Oversubscribed Closing of the Final Tranche of its Non-Brokered Private Placement of Units and Flow-Through Shares

Heritage Mining Announces Oversubscribed Closing of the Final Tranche of its Non-Brokered Private Placement of Units and Flow-Through Shares

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - November 8, 2024 Heritage Mining Ltd. (CSE: HML) (" Heritage "Ā orĀ theĀ " Company ") is pleased to announce that it has closed the final tranche (" Tranche Two ") of its non - brokered private placement financing previously announced on September 23, 2024 (the " Offering ").

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Heritage Mining Ltd. Announces Amendments to Option Agreement with Stillwater Critical Minerals Corp.

Heritage Mining Ltd. Announces Amendments to Option Agreement with Stillwater Critical Minerals Corp.

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Heritage Mining Announces Closing of the First Tranche of its Non-Brokered Private Placement of Units and Flow-Through Shares

Heritage Mining Announces Closing of the First Tranche of its Non-Brokered Private Placement of Units and Flow-Through Shares

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - October 21, 2024 Heritage Mining Ltd. (CSE: HML) (" Heritage " or theĀ " Company ") is pleased to announce that it has closed the first tranche (" Tranche One ") of its fully allocated non-brokered private placement financing previously announced on September 23, 2024.

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Heritage Mining Announces Fully Allocated Non-Brokered Private Placement

Heritage Mining Announces Fully Allocated Non-Brokered Private Placement

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Dore Copper Announces Filing and Mailing of Management Information Circular in Connection with Special Meeting and Encourages Shareholders to Access Meeting Materials Electronically

Dore Copper Announces Filing and Mailing of Management Information Circular in Connection with Special Meeting and Encourages Shareholders to Access Meeting Materials Electronically

DorĆ© Copper Mining Corp. (" DorĆ© Copper ") (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) today announced that it has filed and is in the process of mailing the management information circular (the " Circular ") and related materials for the special meeting (the " Meeting ") of shareholders of DorĆ© Copper (" DorĆ© Copper Shareholders ") to be heldĀ December 16, 2024. At the Meeting,Ā DorĆ© Copper Shareholders will be asked to consider and vote on a special resolution (the " Arrangement Resolution ") approving a statutory plan of arrangement (the " Plan of Arrangement ") pursuant to Section 192 of the Canada Business Corporations Act (the " Arrangement "), subject to the terms and conditions of an arrangement agreement datedĀ October 14, 2024Ā (the " Arrangement Agreement ") entered into among DorĆ© Copper, Cygnus Metals Limited (" Cygnus ") andĀ 1505901 B.C. Ltd., a wholly owned subsidiary of Cygnus, all as more particularly described in the Circular.

The board of directors of DorĆ© Copper (the " DorĆ© Copper Board ") and the special committee of independent directors established by the DorĆ© Copper Board (the " Special Committee ") have unanimously determined that the Arrangement is in the best interests of DorĆ© Copper and that the Arrangement is fair to the DorĆ© Copper Shareholders. The Special Committee and the DorĆ© Copper Board reviewed and considered a significant amount of information and considered a number of factors relating to the Arrangement, with the benefit of advice from DorĆ© Copper's management, and the financial and legal advisors of the Special Committee and the DorĆ© Copper Board.Ā The Special Committee unanimously recommended that the DorĆ© Copper Board recommend to DorĆ© Copper Shareholders that they vote FOR the Arrangement Resolution. The DorĆ© Copper Ā  Board unanimously recommends that DorĆ© Copper Ā  Shareholders vote Ā  FOR Ā  the Arrangement Resolution. See pages 33 to 36 of the Circular for a detailed description of the " Reasons for the Arrangement ".

In accordance with the interim order granted by the Ontario Superior Court of Justice (Commercial List) onĀ November 12, 2024,Ā providing for the calling and holding of the Meeting and other procedural matters relating to the Arrangement, the Arrangement can only proceed if, among other conditions, it receives the approval of not less than two-thirds (66ā…”%) of the votes cast on the Arrangement Resolution by DorĆ© Copper Shareholders in person or by proxy at the Meeting and not less than a majority (50% + 1) of the votes cast on the Arrangement Resolution by DorĆ© Copper Shareholders in person or by proxy at the Meeting excluding the votes cast by certain interested or related parties or joint actors of DorĆ© Copper in accordance with the minority approval requirements of Multilateral Instrument 61-101 ā€“ Protection of Minority Security Holders in Special Transactions .

Under the Arrangement Agreement, the parties have agreed to effect the Arrangement, pursuant to which Cygnus will indirectly acquire all of the issued and outstanding common shares in the capital of DorƩ Copper (" DorƩ Copper Shares "), and DorƩ Copper Shareholders will be entitled to receive, for each DorƩ Copper Share held immediately prior to the effective time of the Arrangement (the " Effective Time "), 1.8297 fully paid ordinary shares (the " Consideration ") in the capital of Cygnus (each one whole share, a " Cygnus Share ").

As a result of, and immediately following the completion of, the Arrangement, DorƩ Copper will be an indirect wholly-owned subsidiary of Cygnus and the former DorƩ Copper Shareholders will be entitled to receive the Consideration for each DorƩ Copper Share previously held by them immediately prior to the Effective Time (subject to rounding, as provided for in the Plan of Arrangement).

Cygnus has applied for its Cygnus Shares to be listed on the TSX Venture Exchange (the " TSXV "). It is a condition of closing that Cygnus shall have received conditional listing approval from the TSXV to list the Cygnus Shares on the TSXV. Listing of the Cygnus Shares on the TSXV will be subject to Cygnus receiving approval from, and fulfilling all of the minimum listing requirements of, the TSXV.

Meeting and Circular

The Meeting of the DorĆ© Copper Shareholders will be held at the offices of Bennett Jones LLP located at One First Canadian Place, 100 King Street West, Suite 3400,Ā Toronto, Ontario,Ā M5X 1A4 onĀ December 16, 2024Ā atĀ 12:00 p.m.Ā (TorontoĀ time). DorĆ© Copper Shareholders of record as of the close of business onĀ November 13, 2024Ā are entitled to receive notice of and to vote at the Meeting. DorĆ© Copper Shareholders are urged to vote before the proxy deadline ofĀ 12:00 p.m.Ā (TorontoĀ time) onĀ December 12, 2024.

The Circular provides important information on the Arrangement and related matters, including the background of the Arrangement, the rationale for the recommendations made by the Special Committee and the DorƩ Copper Board, and voting procedures. DorƩ Copper Shareholders are urged to read the Circular and its appendices carefully and in their entirety. The Circular is being mailed to DorƩ Copper Shareholders in compliance with applicable Canadian securities laws. The Circular is available under DorƩ Copper's profile on SEDAR+ at www.sedarplus.ca and on DorƩ Copper's website at www.dorecopper.com .

Impact of Canada Post Labour Strike

Due to the ongoing Canada Post labour strike, it is possible that DorƩ Copper Shareholders may experience a delay in receiving the Circular and related materials in respect of the Meeting. DorƩ Copper Shareholders are encouraged to access the Circular and related materials electronically as noted above. Registered holders of DorƩ Copper Shares experiencing a delay in receiving the Circular and related materials may contact Computershare Investor Services Inc. at 1-800-564-6253 to obtain their individual control numbers in order to vote their DorƩ Copper Shares. Registered holders of DorƩ Copper Shares are encouraged to vote their DorƩ Copper Shares via the internet at www.investorvote.com or via telephone at 1-866-732-VOTE (8683). Registered holders of DorƩ Copper Shares are also encouraged to complete and return letters of transmittal by hand or by courier to ensure the appropriate documents are received in a timely manner. Beneficial holders of DorƩ Copper Shares experiencing a delay in receiving the Circular and related materials should contact their broker or other intermediary for assistance in obtaining their individual control numbers in order to vote their DorƩ Copper Shares. Beneficial holders of DorƩ Copper Shares are encouraged to vote their DorƩ Copper Shares via the internet at www.proxyvote.com or via telephone at 1-800-474-7493 (English) or 1-800-474-7501 (French). It is recommended that any physical forms of proxy or voting instruction forms be delivered via courier to ensure that they are received in a timely manner.

Registered holders of DorƩ Copper Shares who wish to exercise their dissent rights in connection with the Arrangement are also cautioned to deliver their written objection to DorƩ Copper by mail using a method other than Canada Post or by facsimile transmission in accordance with the instructions set forth in the Circular to ensure that they are received in a timely manner.

Other Matters

Agreement with SOQUEM

Further to its news release dated July 3, 2024, on July 2, 2024, DorƩ Copper issued 1,190,476 DorƩ Copper Shares to SOQUEM at a deemed price of $0.105 per DorƩ Copper Share in connection with its acquisition of a 56.41% interest in a group of contiguous claims located immediately north and east of its flagship high-grade Corner Bay copper project in the Chibougamau mining camp.

About DorƩ Copper Mining Corp.

DorƩ Copper Mining Corp. aims to be the next copper producer in QuƩbec with an initial production target of +50 million pounds of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill 1 . DorƩ Copper has delivered its PEA in May 2022 and is proceeding with a feasibility study. DorƩ Copper has consolidated a large land package in the prolific Lac DorƩ/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold. 2 The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometer radius of DorƩ Copper's Copper Rand Mill.

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5) is an emerging exploration company focused on advancing the Pontax Lithium Project (earning up to 70%), the Auclair Lithium Project and the Sakami Lithium Project in the world class James Bay lithium district in QuƩbec, Canada. In addition, Cygnus has REE and base metal projects at Bencubbin and Snake Rock in Western Australia. The Cygnus Board of Directors and Technical Management team have a proven track record of substantial exploration success and creating wealth for shareholders and all stakeholders in recent years. Cygnus' tenements range from early-stage exploration areas through to advanced drill-ready targets.

For further information about DorƩ Copper, please contact:

Ernest Mast Laurie Gaborit
President and Chief Executive Officer Vice President, Investor Relations
Phone: (416) 792-2229 Phone: (416) 219-2049
Email: ernest.mast@dorecopper.com Email: laurie.gaborit@dorecopper.com

Visit: www.dorecopper.com
Facebook: DorƩ Copper Mining
LinkedIn: DorƩ Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this news release, including, without limitation, statements with respect to the proposed Arrangement and the terms thereof, the completion of the Arrangement, including receipt of all necessary court, shareholder and regulatory approvals and timing thereof, the listing of the Cygnus Shares on the TSXV, and the plans, operations and prospects of DorƩ Copper and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the ability to obtain approvals in respect of the Arrangement and to consummate the Arrangement, the ability to obtain approvals for the listing of the Cygnus Shares on the TSXV, integration risks, actual results of current and future exploration activities, benefit of certain technology usage, the ability of prior successes and track record to determine future results, changes in project parameters and/or economic assessments, availability of capital and financing on acceptable terms, general economic, market or business conditions, future prices of metals, uninsured risks, risks relating to estimated costs, regulatory changes, delays or inability to receive required regulatory approvals, health emergencies, pandemics and other exploration or other risks detailed herein and from time to time in the filings made by DorƩ Copper with securities regulators. Although DorƩ Copper has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. DorƩ Copper disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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.

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Silver47 Drills 2.9m of 1,078.8 g/t Silver Equivalent  at the West Tundra Flats Zone at Its Red Mountain Project, Alaska

Silver47 Drills 2.9m of 1,078.8 g/t Silver Equivalent at the West Tundra Flats Zone at Its Red Mountain Project, Alaska

Silver47 Exploration Corp. (TSXV: AGA) ("Silver47" or the "Company), is pleased to announce results from two diamond drill core holes at the West Tundra Flats resource area for a combined 331m at its wholly owned flagship Red Mountain Project in Alaska, USA. Both drill holes cut high-grade silver-zinc-lead-gold-copper zones within a wider sulfide mineralization horizon.

Highlights from 2024 West Tundra Flats Drill Holes:

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Red Metal Resources Engages German Investor Awareness and Digital Marketing Consultants

Red Metal Resources Engages German Investor Awareness and Digital Marketing Consultants

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660)Ā ("Red Metal" or the "Company")Ā The Company has engaged Investment-Zirkel-MĆ¼nchen ("IZM") that offers several services for German language investor awareness including news dissemination, conference calls, real-time investor forums and an active investors network throughout Europe. IZM has a select investor following that participate in both financings and open market buying. The IZM contract is for a two-year term at a cost of CAD$25,000.

IZM has a business address at Lena-Chris-Str 9, Nuebiberg, Germany. The services to be provided will be overseen by Mathias Voigt, President of the company, who can be contacted at mv@i-z-m.info. Mr. Voigt owns 150,000 shares of the Company.

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World Copper Initiates Strategic Review Process and Engages Advisor

World Copper Initiates Strategic Review Process and Engages Advisor

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper " or the "Company") announces that the Company has initiated a strategic review process and has engaged Origin Merchant Partners (the "Advisor") to assist it in its review. The Advisor will work with World Copper's management and Board to evaluate a range of strategic alternatives that may be available to the Company to grow and maximize value for all shareholders (the "Engagement"). There can be no assurance that this process will result in any specific strategic plan or financial transaction and no timetable has been set for its completion. The Company does not plan to provide updates on the status of the review unless there are material developments to report.

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Quetzal Copper Announces Brokered Private Placement Offering to Raise $3.0 Million

Quetzal Copper Announces Brokered Private Placement Offering to Raise $3.0 Million

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company") a North American focused copper exploration company is pleased to announce that it has entered into an agreement with Independent Trading Group ("ITG") to act as lead agent and sole bookrunner in connection with a "best efforts" private placement (the "Offering") for aggregate gross proceeds of up to $3,000,000 from the sale of the following:

  • up to 6,666,666 units of the Company (the "Units") at a price of $0.15 per Unit for gross proceeds of up to $1,000,000 from the sale of Units; and
  • up to 10,526,315 common shares of the Company (the "FT Shares", and together with the Units, the "Offered Securities") at a price of $0.19 per FT Share for gross proceeds of up to $2,000,000 from the sale of FT Shares. Each FT Share will be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada).

Each Unit issued under the Offering shall consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.25 per Common Share for a period of 24 months from the Closing Date (as defined below).

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Bold Ventures Stakes Claims Near Joutel, QuƩbec and Completes Second Phase of Fall Exploration at the Company's Properties in Northwestern Ontario

Bold Ventures Stakes Claims Near Joutel, QuƩbec and Completes Second Phase of Fall Exploration at the Company's Properties in Northwestern Ontario

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") announces that it has staked 26 claims near Joutel, QuƩbec (with 4 claims pending), approximately 140 km northwest of the city of Val d'Or, QuƩbec. The claims are situated in the vicinity of Bold's former Joutel property, over which Bold flew an airborne VTEM survey in 2012. The new claims cover geophysical anomalies from the 2012 survey. Historical diamond drilling in this area has identified anomalous nickel, silver, copper, zinc and gold associated with geophysical anomalies. Click here for more details about the property.

Additionally, senior management of Bold and prospectors from Emerald Geological Services ("EGS") have completed a second phase of fall fieldwork in the Atikokan, Ontario area, including prospecting, soil sampling, and lake sediment sampling. Work was carried out on the Wilcorp, Burchell, and Traxxin properties during the first half of November. A week-long first phase of fieldwork in September of this year resulted in assays up to 16.3 g/t Au at Bold's Wilcorp property (Oct. 31st news release). The purpose of the recent program was to define 2025 trenching and drilling targets in historical areas of interest, based on rock assays, soil geochemistry, and geological data.

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