Bold Ventures reviews Burchell exploration work

Executive Summary

• Bold Ventures highlights exploration activity and recent geological findings at its Burchell Gold Copper Project, including ongoing channel sampling from mechanical stripping and the identification of new gold trends and prospects.
• The release contextualizes Bold's exploration within the broader Shebandowan greenstone belt, noting significant adjacent discoveries by Gold X2 Mining Inc., including a 5km gold trend and an acquisition of Kesselrun Resources.
• Bold Ventures also provides updates on its Koper Lake project in the Ring of Fire, detailing its carried interest in the Black Horse Chromite resource, and announces the acquisition of eight new claims adjoining its Joutel project in Quebec.

Key Details

• Burchell Project Exploration:
  • Nearly 300 channel samples are currently being analyzed from a recent mechanical stripping program, with sampling continuing.
  • Exploration team exposed and sampled bedrock in eight different locations along a 900-metre portion of the "111 gold trend."
  • All eight stripped areas are historically unexplored.
  • A 2.9-kilometre trend of gold mineralization was identified via rock sampling during the past summer.
• Adjacent Activity (Gold X2 Mining Inc.):
  • Gold X2 holds the Moss project adjoining Burchell to the west.
  • Gold X2 announced a definitive agreement to acquire Kesselrun Resources Ltd. (neighbour to the west) to consolidate land in the western Shebandowan greenstone belt.
  • Gold X2 delineated a five km trend of gold mineralization south of the Moss trend, with targets mirroring the geochemical/geophysical fingerprints of the Moss deposit.
  • Anomalous gold in the "Deaty trend" strikes northeast toward the Burchell boundary.
• Specific Prospect Findings at Burchell:
  • Moosehead Zone: Located within 800 m of the west boundary; hosted in sheared quartz feldspar porphyry. One grab sample returned 371 parts per billion Au.
  • Historic Trenches: Located ~600 m from the western boundary; yielded a chip sample of 42.2 grams per tonne Au over 0.6 metre.
  • Hermia Copper Prospect: Located ~900 m from the Burchell west boundary. Hosted in deformed felsic to mafic volcanics with Cu mineralization associated with minor Au, Ag, Mo, Zn, and Ni.
    • Historical diamond drilling (1964–2008) intersections include:
      • 0.8% Cu over 4.3 m
      • 0.25% Cu over 51.9 m
      • 1.68 g/t Au over 1.45 m
  • A diamond drilling data compilation is ongoing for the Hermia Cu prospect.
• Ring of Fire / Koper Lake Project:
  • Bold holds a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 inferred resource.
  • Resource details: 85.9 Mt grading 34.5% Cr2O3 at a cut-off of 20% Cr2O3.
  • Bold holds a 40% working interest in all other metals within the Koper Lake project.
  • Bold has a right of first refusal on a 1% NSR covering all metals within the claim group.
• Joutel Project (Quebec):
  • Acquisition of eight new claims adjoining the Joutel project.
  • New claims cover an additional VTEM anomaly identified by Bold's 2011 airborne survey.
  • Total project footprint: 49 claims covering 2,714 hectares.

Notable Quotes

• "The activity by Gold X2 and our own exploration programs this year mark an exciting new era for the western Shebandowan greenstone belt, especially with gold prices surging to all-time highs. We are anticipating results from our channel sampling program and our next step will be to prepare for a drill program." — Bruce MacLachlan, President and Chief Operating Officer of Bold Ventures.