Bold Ventures releases sampling results at Burchell

Executive Summary

• Bold Ventures Inc. released results from a fall mechanical stripping and channel sampling program at its Burchell copper-gold property in Ontario, identifying significant gold and base metal mineralization across eight stripped areas.
• The program highlighted a 14-metre-wide envelope of discontinuous gold mineralization at the 111 zone, including high-grade grab samples (up to 68 g/t Au previously, 32.4 g/t Au subcrop) and channel samples (up to 2.1 g/t Au over 1.0 m).
• The company identified three areas (1, 6, and 7) for additional stripping ahead of planned winter drilling, noting a potential subparallel gold zone to the north of the main 111 zone and widespread zinc/gold anomalies suggesting a multi-kilometre mineralizing system.

Key Details

• Program Overview: Mechanical stripping and channel sampling conducted on the Burchell property (Shebandowan greenstone belt, ~100 km west of Thunder Bay, Ont.). Eight areas stripped by excavator near the 111 gold zone; >400 channel samples and 80 grab samples collected.
• Stripped Area 1 (111 Zone):
  • Identified a 14-metre-wide maximum envelope of discontinuous gold mineralization.
  • Channel sample: 2.1 g/t Au over 1.0 m.
  • Grab sample: 8.0 g/t Au in outcrop.
  • Subcrop sample: 32.4 g/t Au (previously unreported).
  • Northern anomaly: 0.32 g/t Au over 1.0 m (channel) and 0.44 g/t Au (grab), ~17 m across strike from main zone, suggesting a parallel zone.
  • Zonation observed: South-to-north transition from zinc to copper to gold across ~29 m width.
  • Zinc anomalies: 0.87% Zn over 0.55 m; 0.34% Zn over 2.25 m.
  • Copper anomalies: 0.34% Cu over 0.85 m; 0.15% Cu over 5.9 m.
• Stripped Area 2:
  • Target was a quartz vein returning 300 g/t Ag, 0.93 g/t Au, 0.54% Pb, 0.19% Zn.
  • No significant channel results.
  • Additional grab sample: 125 g/t Ag, 0.43 g/t Au, 0.18% Pb.
• Stripped Area 3:
  • Target was a 70 ppb Au soil sample.
  • Interval 1: 0.56 g/t Au, 0.55% Zn, 0.23% Pb over 1.3 m (including 0.91 g/t Au, 0.78% Zn, 0.33% Pb over 0.73 m).
  • Interval 2: 0.11 g/t Au over 1.8 m.
  • QFP sill interval: 0.16 g/t Au over 1.0 m.
• Stripped Area 4:
  • Target was a 0.21 g/t Au grab sample.
  • Channel sample near porphyry: 0.20 g/t Au over 0.8 m.
  • Altered volcanic rocks (30 m SE): 0.13 g/t Au and 0.7% Zn over 4.3 m (including 0.30 g/t Au and 3.1% Zn over 0.8 m).
• Stripped Area 5:
  • Target was quartz sericite schist returning 0.21 g/t Au, 1.34% Zn, 0.36% Pb.
  • Grab sample of massive pyrite veinlet: 2.9 g/t Au.
  • Channel sample: 0.12 g/t Au over 0.95 m.
  • Zinc/Lead intervals: 0.28% Zn/0.11% Pb over 1.1 m; 0.97% Zn/0.06% Pb over 1.0 m; 0.19% Zn/0.11% Pb over 2.45 m.
• Stripped Area 6:
  • Target was a 301 ppb Au soil anomaly.
  • Uncovered sheared intermediate intrusive/porphyry unit (>5 m wide).
  • Sample of quartz flooded material with 1-2% pyrite: 0.12 g/t Au.
• Stripped Area 7:
  • Target was a 647 ppb Au soil anomaly.
  • Uncovered strongly sheared mafic/intermediate fragmental rocks with intermediate intrusive dike.
  • No significant channel results.
  • Subcrop of QFP discovered 10-15 m across strike to SE.
• Stripped Area 8:
  • Target was quartz sericite schist returning 0.41 g/t Au, 1.5% Cu.
  • Channel sample of original showing: 0.5 g/t Au over 0.1 m.
  • No other significant gold results.
• Geological Context:
  • Gold anomalies associated with shear zones proximal to contacts between quartz feldspar porphyry (QFP) sills and host metavolcanic rocks.
  • QFP outcrops identified along a 3-km trend from NE of 111 zone to SW corner of property.
• Future Plans:
  • Additional mechanical stripping planned for Areas 1, 6, and 7 before year-end.
  • First phase of drilling planned for winter.
  • Company notes this is a major, previously unexplored system with no known drill holes, potentially extending past the western property boundary.
• QA/QC:
  • Samples analyzed at Activation Laboratories (ActLabs) using method 1A2-50 (50g fire assay with AA finish) and 1F2 (total digestion ICP-OES).
  • Reviewed by Coleman Robertson, BSc, PGeo (Qualified Person under NI 43-101).

Notable Quotes

• Bruce MacLachlan, President and COO: "The mechanical stripping and channel sampling program uncovered broad, widespread gold and base metal mineralization, and gave us a better understanding of the geological controls on mineralization. The program set us up for a second phase of stripping before year-end followed by a first phase of drilling this winter. We are in the early days of exploring a major, previously unexplored mineralizing system with no known drill holes that appears to stretch at least three km on the property and may extend past the western boundary of the property. We are excited to drill the first ever drill holes into this system and see what we come up with."