Bold Ventures Identifies Widespread Rare Earth Element Anomalies at Burchell, Plans Next Phase of Exploration

Bold Ventures Inc. (BOL) reported follow-up prospecting results from the Hermia pluton at the Burchell Project, identifying widespread rare earth element (REE) anomalies in grab samples and the previously reported discovery drill hole BL-26-05A, which returned 1022 ppm TREO over 55.2 m.

The new grab samples returned TREO values exceeding 500 ppm, with a maximum of 3060 ppm (0.306% TREO), spread across a 2.2 to 3.2 km strike east of the discovery hole.

The company plans ground gravity surveying, airborne magnetic data reprocessing, and extending hole BL-26-05A, which ended in anomalous mineralization.

Bold Ventures Inc. (BOL) released follow-up data confirming surface anomalies of similar low grade to the rare earth element (REE) system previously disclosed in its June 3 discovery release. That initial announcement reported 1022 ppm TREO over 55.2 m, which triggered a temporary price increase to $0.09 before the stock faded back to $0.08. This latest update adds no new drill intercepts or grade improvements.

Bold Ventures Inc. (BOL) is a Canadian junior mineral explorer managing a portfolio of early-stage gold, base metal, and rare earth element (REE) projects in Ontario and Quebec. The company also holds a 10% carried interest in the Black Horse chromite deposit within the Ring of Fire. Its key assets include the Burchell project, which targets gold, base metals, and REEs; the Traxxin gold project; the Wilcorp gold-copper-silver project; the grassroots Springpole East gold project; and the Koper Lake royalty interests.

The company has a market capitalization of CAD $8 million, with 103.3 million shares outstanding and a fully diluted share count of 137.6 million. Bold Ventures generates no revenue and reports net losses, funding its operations through frequent equity raises.