Bold Ventures Announces OJEP Grant Approval for Its Burchell Base and Precious Metals Project

The most recent news (March 30, 2026) announces that Bold Ventures has been awarded a CAD $212,500 non-dilutive grant from the Ontario Junior Exploration Program (OJEP). This funding is specifically earmarked for the Burchell Base and Precious Metals Project. Simultaneously, the company confirmed the completion of its Phase II drilling program at Burchell, which consisted of six holes totaling over 800 meters. This phase targeted the northwest corner of the property, focusing on the Moss Trend and previously identified soil anomalies for gold, copper, and molybdenum.

The impact is Routine - Positive. While the grant is "non-dilutive" and provides a welcome $212k cushion to the treasury, it is part of a broad provincial initiative (68 companies received funding) rather than a unique endorsement of Bold’s specific geology. - Financial Impact: The grant covers a portion of exploration costs, preserving cash raised in the January 2026 private placements. - Operational Impact: The completion of Phase II drilling is a steady progression from the Phase I results reported on March 19. However, without assay results from these six holes, the material value of the drilling remains speculative. - Contextual Alignment: This follows a pattern of incremental progress. The company has successfully moved from financing (January) to Phase I drilling (February/March) to Phase II completion (late March).

Bold Ventures is a Canadian explorer focused on base and precious metals in Ontario and Quebec. - Flagship Project: The Burchell Project (Ontario), located near the Moss Lake gold deposit. It targets gold, copper, and zinc. - Secondary Projects: The Joutel Property (Quebec) targeting Nickel-Copper-PGE, and the Traxxin Property. - Strategic Asset: A 10% carried interest in the Black Horse Chromite deposit (Koper Lake) in the Ring of Fire, which holds a significant inferred resource of 85.9 Mt at 34.5% Cr2O3.