Bold Ventures to receive $212,500 grant for Burchell

Executive Summary

• Bold Ventures Inc. has been approved for a $212,500 non-dilutive grant from the Ontario Junior Exploration Program (OJEP) to support ongoing exploration at its Burchell base and precious metals project.
• The company recently completed a second phase of drilling at the property, consisting of six holes totaling over 800 meters targeting the interpreted Moss trend.
• The grant funding will be directed toward more extensive testing of prospective targets identified through recent soil sampling and drilling activities.

Key Details

• Grant Amount & Source: $212,500 approved from the Ontario Junior Exploration Program (OJEP)
• Project Location: Burchell base and precious metals project, 100 kilometres west of Thunder Bay, Ontario
• Drilling Program (Phase 2): 6 holes totaling >800 metres completed; currently being logged and marked up for sampling
• Drilling Target: Northwestern corner of the property where the Moss trend is interpreted to pass through
• Historical Context: Targets align with numerous gold, copper, and molybdenum soil anomalies identified in the previous year (referenced in July 21, 2025 release)
• Funding Utilization: Non-dilutive capital designated for extensive testing of recently drilled prospective targets
• Government Context: Part of a broader $10 million provincial investment in 68 mining exploration companies, announced by Ontario Minister of Energy and Mines Stephen Lecce on March 19, 2026
• Target Commodities: Copper, nickel, lead, zinc, gold, silver, platinum, palladium, and chromium

Notable Quotes

• Bruce MacLachlan, President and Chief Operating Officer: "Bold Ventures is grateful to receive this non-dilutive OJEP funding for its Burchell project, which will allow for more extensive testing of our prospective targets, which we have recently been drilling. We welcome the Ontario government's initiatives to support early-stage exploration, without which the mines of tomorrow will not be found."