Drill Results
Bold Ventures Announces Partial Results of First Phase of Drilling at Burchell
Early-stage Burchell drilling shows gold-base metal system potential; portfolio expansion via Joutel acquisition and Ring of Fire assets adds optionality
Executive Summary
- 2026-03-19: Bold Ventures reports partial results from the first phase of drilling at the Burchell Project. Four holes totaling 669 meters completed; anomalous zones include 0.42 g/t Au over 19.0 meters and 0.33% Zn over 19.0 meters in holes BL-26-01 and BL-26-02 targeting the 111 Zone. Phase 2 drilling has commenced in the northwest corner of the Burchell Property. Additional context: prior surface samples and historic geology indicate a broad gold-base metal system; final results from holes BL-26-03 and BL-26-04a are pending.
- 2026-03-01: Bold signs an agreement to acquire 6 mining claims contiguous to its Joutel Property in Quebec, for 750,000 Bold common shares. The claims cover VTEM geophysical anomalies with historic nickel/gold intercepts; Joutel now totals 58 claims over ~3,217 hectares. Ground geophysical survey planned for this winter to better define drill targets. Related party ties: EGS is controlled by Bold’s President/COO and Bold’s VP Exploration.
- 2026-03-02: Bold invites PDAC 2026 attendees to Booth 2610 to showcase assays and discuss targets; Coleman Robertson to present; senior executives to meet investors.
- 2026-02-28: Update highlighting Burchell drilling progress and Wilcorp property activity; PDAC participation at Booth #2610; referenced Bold’s broader program including Ring of Fire context (Marten Falls/Eagle’s Nest transport/regulatory developments) and NSR royalties on several projects.
- 2026-01-25 and earlier: Regular financing activity (private placements) including a non-brokered unit offering; insider participation noted; multiple tranches and hold periods; warrants issued with strikes typically at $0.12 or $0.08 with 24–36 month terms; proceeds allocated to general working capital, exploration, and eligible Canadian exploration expenditures (CEE). Royalty framework on Ring of Fire and Koper Lake properties discussed in MD&A notes.
- 2025-12-02 and 2025-12-11/16: Fall sampling results at Burchell show early-stage, positive indicators (gold and base metals in channel/rock samples), reinforcing the Burchell trend potential, though not a mineral resource estimate. Private placements continue to fund exploration.
- 2025-10 to 2025-11: Multiple Burchell results, including soil/MMI and channel sampling updates; 2.9 km gold trend indicated in Burchell vicinity; Burchell 111 Zone shows historical high-grade potential; ongoing field campaigns and permitting activity (including Burchell and Wilcorp) support drill targeting.
- 2025-08 to 2025-10: Permitting and fieldwork progress at Burchell; Wilcorp exploration results indicating Au-Ag-Cu mineralization; Ring of Fire-related infrastructure news and government engagement (infrastructure road developments and regulatory progress) cited in surrounding updates.
- 2025-07 to 2025-08: Intensive fieldwork at Burchell (MMI soil sampling, channel sampling) with emphasis on the Moss trend extension; Wilcorp region exploration activity expands Bold’s Ontario footprint; exploration permits advance.
- 2025-06 to 2025-07: SEDAR interim financial statements and MD&A reflect Bold’s capital structure, exploration expenditures, and NSR royalty framework; ongoing private placements continue to fund exploration across Ontario and the Ring of Fire region.
- 2025-04 to 2025-06: Multiple private placements and investor marketing initiatives (Metals Investor Forum in Vancouver; INN/IR partnerships) to fund exploration across Thunder Bay, Wawa, and Ring of Fire regions; tranches and hold periods established; insider subscriptions noted; WCs and FT units offered with warrants.
- 2025-03 to 2025-04: Initial private placement announcements and amendments; landmark permits and option agreements evolving for Burchell, Traxxin Extension, Farwell, Koper Lake (Ring of Fire) and Wilcorp; company outlines a multi-year exploration strategy with a focus on copper, nickel, lead, zinc, gold, silver, and chromium.
Material Impact
- Most recent news (2026-03-19) indicates the first phase of drilling at Burchell has produced intercepts consistent with a gold-base metal system and that a second phase is underway in a new area (northwest corner). While individual intercepts like 0.42 g/t Au over 19 m and 0.33% Zn over 19 m are positive but not yet economically decisive, they support the narrative of a sizeable mineralized system at Burchell and provide tangible drill targets for expansion. The initiation of Phase 2 and the expansion of land via new claims (Traxxin/Farwell area, etc.) broaden Bold’s exploration footprint and potential resource upside.
- The March 1, 2026 acquisition of 6 claims contiguous to the Joutel Property adds strategic land and VTEM anomalies in Quebec, potentially enriching Bold’s regional drill targeting and providing optionality beyond Burchell. The deal is share-based with non-arm’s-length linkage to Bold leadership, but the project scope appears to align with Bold’s stated strategy of building a portfolio of battery, critical, and precious metal targets.
- PDAC-related activity (March 2–4, 2026) supports visibility and investor dialogue, consistent with ongoing financing activity. The company’s capital-raising through non-brokered private placements remains ongoing, providing necessary funding for 2026 exploration campaigns, including Burchell drilling and Wilcorp work; however, this does imply ongoing equity dilution and reliance on favorable market conditions.
- Royalty structure and NSR commitments across Ring of Fire assets (Koper Lake/Black Horse, Wilcorp, Burchell, Traxxin, Farwell) create potential upside for Bold in the long run but also bring embedded carry costs that could affect project economics if/when Bold moves toward development. The existence of NSRs means any future development would need to account for royalties, impacting economics for Bold and any joint venture partners.
- In sum, the latest news is positive and incremental, aligning with Bold’s strategy to test and expand a multi-asset exploration portfolio. It is not a material feasibility milestone or resource upgrade, but it strengthens the case for longer-term value creation through continued drilling, land consolidation, and strategic regional projects. Given prior financing activity and land acquisitions, the company appears to be maintaining a credible path to discovery potential while managing capital through equity markets.
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Company Overview
- Bold Ventures Inc. is a Canadian junior mineral exploration company with a multi-asset portfolio focused on battery, critical, and precious metals. The Burchell Base and Precious Metals Project in Ontario is a primary project, featuring an actively progressing diamond-drilling program around the 111 Zone, supported by channel sampling and regional soil geochemistry. In addition, Bold has pursued land consolidation and expansion around the Joutel Property in Quebec (six new contiguous claims), and maintains involvement in Ring of Fire projects (Koper Lake/Black Horse chromite and Wilcorp-related interests), with NSR royalties on several properties. The company positions itself as a diversified explorer aiming to capture multiple discovery opportunities across Ontario and Quebec.
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Jun 25, 2026 · 08:02