Bold Ventures Announces Wilcorp Drill Results, Highlights Ring of Fire Developments

Bold Ventures Inc. (BOL) has released final results from seven diamond drill holes totaling 807 meters at its Wilcorp Property, located near Atikokan, Ontario. The drilling program targeted the Eagle Prospect in the northwest as well as a southern IP trend and new showing.

The best intercept came from hole WC-26-03, which returned 2.28 meters at 3.96 g/t Au from 79.4 meters, including 0.69 meters at 11.4 g/t Au, plus 1.0 meter at 1.64 g/t Au from 85.0 meters. Hole WC-26-04 returned 2.15 meters at 1.7 g/t Au from 25.0 meters and 1.0 meter at 1.53 g/t Au from 34.0 meters. WC-26-07 returned 1.0 meter at 1.06 g/t Au from 19.0 meters.

Holes WC-26-01 and WC-26-02, which tested the southern IP trend and new showing, intersected no significant Cu-Ag-Au mineralization. WC-26-01 reported only 9.0 meters at 0.04% Ni and 0.04% Cr from 19.0 meters. WC-26-05 and WC-26-06 returned no significant gold.

The release also highlights Ring of Fire road construction milestones but reports no change to Bold's Koper Lake/Black Horse ownership terms.

Bold Ventures Inc. (BOL) released results confirming the presence of gold beneath the Eagle trenches, though the company noted the findings do not materially alter its resource model, deposit thesis, or overall company value. As a micro-cap grassroots explorer with no revenue, Bold Ventures’ equity value is derived from a portfolio of early-stage targets.

The stock has traded flat around C$0.07 for several months. While a prior high-grade hole at the Traxxin target briefly moved the share price in June 2026, that gain faded. The Wilcorp result represents a separate, lower-grade target and does not establish a comparable speculative anchor. The current release confirms gold exists but offers no demonstration of scale, continuity, true width, or economic grade.

Additionally, news regarding the Ring of Fire road is positive for regional infrastructure but was already disclosed in late August announcements. This development does not alter Bold Ventures’ carried interest terms today.

Bold Ventures Inc. (TSXV: BOL; OTCQB: BVLDF) is a Canadian junior mineral explorer with a portfolio spanning Ontario and Quebec. Its holdings include the Burchell, Traxxin, Wilcorp, Springpole East, Farwell, Koper Lake, and Joutel properties.

The company’s most advanced interest is a 10% carried interest in the Black Horse Chromite inferred resource at Koper Lake, located in the Ring of Fire. This resource is defined as 85.9 Mt at 34.5% Cr2O3 at a 20% cutoff. Bold also holds a 40% working interest in other metals on the Koper Lake claims and retains a right of first refusal on a 1% NSR.

While the investor presentation lists resources for the Farwell property, no economic study, mine plan, or reserve-level net present value has been provided.

Financially, the exploration-stage company generates no revenue and relies on serial small private placements. As of Q1 FY2026, working capital was reported at C$646,257, an improvement from a prior deficiency. The company recorded impairment charges of C$680,128 in FY2025 on certain Ring of Fire and Northwestern Ontario properties.