Bold Ventures receives exploration permits for Burchell

Executive Summary

• Bold Ventures received two exploration permits for the Burchell gold‑copper project, enabling line‑cutting, mechanical stripping, geophysical surveys and diamond drilling.
• The company plans a near‑term mechanical stripping program at the 111 Zone followed by a diamond drilling campaign targeting the 111 Zone and the north‑western corner of the property.
• Bold highlighted recent financing by Canadian Chrome Company to drill deep targets at the Black Horse chromite deposit, in which Bold holds a 10 % carried interest, underscoring continued activity in the Ring of Fire critical‑minerals district.

Key Details

• Exploration Permits: Two permits issued for the Burchell project (≈100 km west of Thunder Bay, ON) covering line cutting, mechanical stripping, geophysical surveys and diamond drilling.
• Mechanical Stripping Program: Planned to commence in the coming weeks at the 111 Zone; aims to prepare the area for subsequent drilling.
• Diamond Drilling Plan: Targeting the 111 Zone and the north‑western corner of the property where MMI soil sampling identified multiple polymetallic anomalies along strike from the adjacent Moss gold deposit.
• Ring of Fire Highlight: Canadian Chrome Company announced a US$25 million financing to drill deep geophysical targets at the Black Horse chromite discovery, considered a fault‑offset twin of the Black Thor deposit.
• Bold’s Interests in Koper Lake Project:
• 10 % carried interest (to production) in the Black Horse chromite NI 43‑101 inferred resource: 85.9 Mt @ 34.5 % Cr₂O₃ (cut‑off 20 %).
• 40 % working interest in all other metals within the Koper Lake claim group.
• Right of first refusal on a 1 % NSR covering all metals in the claim group.
• Proximity to Other Projects: Black Horse chromite is contiguous with Ring of Fire Metals’ Blackbird deposits and lies ~300 m from the Eagle’s Nest nickel‑copper massive sulphide deposit, currently in permit acquisition stage.
• Critical Minerals Context: Chromite, nickel and copper are identified as critical minerals for Ontario and North American electrification plans.
• Road Access Development: Ongoing environmental assessments for three proposed all‑weather road projects (Northern Road Link, Marten Falls Community Access Road, Webeque Supply Road) to improve access to the Ring of Fire.
• Qualified Person Review: Technical information reviewed and approved by Coleman Robertson, BSc, PGeo, Vice‑President of Exploration, qualified under NI 43‑101.

Notable Quotes

(No direct quotes provided in the release.)