Bold Ventures begins sampling at Burchell
Executive Summary
- Mechanical stripping at the Burchell 111 gold zone and seven adjacent target areas is near completion, with washing and sampling already underway.
- Ground VLF electromagnetic surveys have been finished in the Northwest claim area and across the 111 zone; data are being processed to define drill targets for the first drilling phase.
- Bold Ventures holds a 10 % carried interest in the Black Horse chromite NI‑43‑101 inferred resource (85.9 Mt @ 34.5 % Cr₂O₃) and a 40 % working interest in other metals at Koper Lake, with additional royalty rights.
Key Details
- Burchell Project – Mechanical Stripping:
- Completed stripping of the 111 gold zone; final excavation expected within 2‑3 days.
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Exposed material is being washed and sampled for grade verification.
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Geophysical Surveys – Northwest Claim & 111 Zone:
- VLF electromagnetic survey completed across both areas; data currently under processing and interpretation to aid drill target generation.
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Prior MMI (mobile metal ion) survey identified gold, copper, and molybdenum anomalies along the northeastern strike extension of the Moss trend.
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111 Gold Zone Highlights:
- December grab sample returned 68 g/t Au.
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Channel sample recorded 2.1 g/t Au over 0.5 m; zone width observed between 4.5 m and >6.5 m.
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Ring of Fire – Koper Lake Project:
- Bold owns a 10 % carried interest (to production) in the Black Horse chromite resource: 85.9 Mt @ 34.5 % Cr₂O₃ (NI‑43‑101, cut‑off 20 % Cr₂O₃).
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Holds a 40 % working interest in all other metals within the Koper Lake claims and a right of first refusal on a 1 % NSR royalty covering those metals.
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Proximity to Other Projects:
- Black Horse deposit lies adjacent to Ring of Fire Metals’ Blackbird chromite deposits.
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Koper Lake claims are ~300 m from Eagle’s Nest nickel‑copper massive sulfide deposit (currently in permit acquisition stage).
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Infrastructure Development:
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Ongoing environmental assessment for all‑weather road access includes three proposed routes: Northern Road Link, Marten Falls Community Access Road, and Webeque Supply Road.
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Qualified Person Review:
- Technical information reviewed and approved by Coleman Robertson, BSc, PGeo (qualified person per NI 43‑101) and the company’s Vice‑President of Exploration.
Notable Quotes
“Seeing Premier Ford and Minister Rickford personally involved is very encouraging… Our hope is that the effort will result in multiple positive effects for the region, including economic development, improved access, education and a higher standard of living.” – David Graham, CEO, Bold Ventures Inc.