Bold Ventures talks Ontario Ring of Fire infrastructure

Executive Summary

• Bold Ventures provides an operational update on its Koper Lake project in the Ring of Fire, highlighting the company's 10% carried interest in the Black Horse Chromite project and its proximity to Ring of Fire Metals' Eagle's Nest deposit.
• The company reports that mechanical stripping, mapping, and channel sampling at the Burchell gold and copper project are nearing completion.
• Bold Ventures notes positive regional developments, including Ontario government infrastructure news and neighbor Gold X2 consolidating ground near Burchell, reinforcing the potential of the Ring of Fire critical minerals district.

Key Details

• Koper Lake Project (Ring of Fire):
  • Bold Ventures holds a 10% carried interest (through to production) in the Black Horse Chromite project, operated by Canada Chrome Corp. (CACR.V).
  • The Black Horse Chromite National Instrument 43-101 inferred resource is 85.9 million tonnes grading 34.5% Cr2O3 at a cut-off of 20% Cr2O3.
  • Bold owns a 40% working interest in all other metals found within the Koper Lake claims.
  • Bold holds a right of first refusal on a 1% NSR (net smelter return) covering all metals within the claim group.
  • The Black Horse deposit is contiguous with Ring of Fire Metals' Blackbird chromite deposits.
  • Koper Lake claims are located approximately 300 metres from Ring of Fire Metals' Eagle's Nest Ni-Cu massive sulphide deposit, which is currently in the permit acquisition stage.
  • Regional infrastructure progress is noted via three proposed all-weather road projects: the Northern Road Link, the Marten Falls Community Access Road, and the Webeque Supply Road.
• Burchell Gold and Copper Project:
  • Recent mechanical stripping, mapping, and channel sampling efforts are drawing to a close, with the field crew expected to complete the program in the coming days.
  • Neighbor company Gold X2 has been consolidating ground proximal to the Burchell property.
• Strategic Context:
  • Bold Ventures targets gold, copper, nickel, lead, zinc, silver, platinum, palladium, and chromium.
  • The company emphasizes the strategic importance of chromite, nickel, and copper as critical minerals for electrification plans in Ontario and North America.

Notable Quotes

• "Bold Ventures management believes the company's suite of battery, critical and precious metals exploration projects are an ideal combination of exploration potential meeting future demand."
• "The company is encouraged by these continuing developments in this emerging critical mineral mining camp."