BOL Bold Ventures Inc

Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold" or the "Company") is pleased to
report the results of the recently completed geological data compilation report
relating to two of the Company's four projects located in the prolific Abitibi
Greenstone Belt of Northwestern Quebec. Both of the projects were acquired by
staking in areas that Bold management deemed to be prospective for base and
precious metals due to the geological environment and location with respect to
recent and historical discoveries. Bold Ventures employs new technology over
areas that have seen little recent exploration work in hopes of locating
previously unrecognized mineral deposits. The compilation work was carried out
by Mr. Robert J. Tremblay, P.Geo., a member of the Quebec Order of Geologists
and a Fellow of the Geological Association of Canada.


Bold management views the Quebec mineral exploration sector to be an
advantageous locale for carrying out mineral exploration for base and precious
metals. The investment incentives and industry infrastructure provide a
favourable work environment. 


Lac Blondel Project

The Lac Blondel property that straddles Orvilliers and Montgolfier Townships is
located in the northern part of the Abitibi Greenstone Belt of north-western
Quebec. The property comprises 3,793 hectares (9,368 acres) that make up a
property that is almost 14 km in length and between 2 and 4 km in width. The
mining town of Matagami lies 60 km due east of the property.


The compilation of historical diamond drilling, geological data and structural
interpretation of local and regional geology has led to  the identification of
20 areas of interest for gold and six areas of interest for base metals all
located within the property. The most prominent regional tectonic feature found
within the property is the Turgeon regional deformation zone that traverses the
property and splits into two shear zones which have been designated as the Lac
Longpre and the Lac Blondel shear zones. The Turgeon deformation zone lies
sub-parallel to the Casa-Berardi regional deformation zone which passes within
1.0 km of the property's southern boundary.


The Turgeon and Casa-Berardi deformation zones share many common characteristics
including similar rock types, strong shearing, alteration, and formational
graphitic and/or sulphide rich conductors that also occur within the Lac Blondel
property. The Casa Berardi Deformation Zone is host to numerous gold showings
and the Casa Berardi Gold Mine as well as the Estrades Copper-Zinc-gold-silver
Mine. 


There has been very limited work on the property itself over the last 25 years.

As a result of this study and additional claim acquisitions an airborne VTEM
electromagnetic and magnetic geophysical survey was carried out to finalize and
detail the property coverage and refine the proposed drill targets. A first
pass, 17 hole, 3500 metre diamond drilling program is recommended to test the
various base and precious metal targets identified within the property.


Lac Grasset Project

The Lac Grasset property spans six townships including Daniel, Grasset, La
Gauchetiere, La Perouse, Ste-Helene and Subercase. This property that is made up
of 246 mining claims comprising 13,641 hectares (33,709 acres) is well located
within the northern part of the Abitibi Greenstone Belt of Northwestern Quebec.
Varying in width up to 9 km and approximately 20 km in length, the claim group
is located approximately 30 km west-northwest of the mining town of Mattagami
Quebec. 


The results of studying historical drilling, geological data bases, structural
interpretations and airborne geophysical reports indicate that the property has
a number of areas of focus for both base and precious metal mineralization. Four
areas with potential for gold mineralization, one area with base metal potential
and three areas with Platinum Group Element potential have been identified. The
Grasset Deformation Zone, which hosts numerous gold occurrences to the west of
the property, traverses the northeast part of the property for a strike length
of approximately 5 km and presents a prime exploration target. The Grasset
Deformation zone is host to many of the gold occurrences on the neighbouring
Balmoral Resources Ltd. property. 


As a result of this compilation work and as an extension to the 2011 VTEM survey
a recently completed VTEM airborne electromagnetic and magnetic geophysical
survey was carried out to extend and detail the 2011 survey and Mr. Tremblay's
findings. An initial program of seven diamond drill holes for over 2,000 metres
of drilling has been recommended. Additional follow up work will depend on the
results of the first phase drilling program.


Mr. Robert J. Tremblay, P. Geo., a professional geologist, has reviewed and
approved the technical content of the information contained in this release and
qualifies under the definition of "Qualified Person" set out in National
Instrument 43-101.


Richard E. Nemis, President and Chief Executive Officer 

Cautionary Note Regarding Forward-Looking Statements: This Press Release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to such risks and
uncertainties. Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in filings made by
us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such actual results of current exploration
programs, the general risks associated with the mining industry, the price of
gold and other metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or should assumptions
underlying the forward looking statements prove incorrect, actual results may
vary materially from those described herein as intended, planned, anticipated,
or expected. We do not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders are
cautioned not to put undue reliance on such forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bold Ventures Inc.
Richard E. Nemis
President and Chief Executive Officer
416 864 1456
416 864 1443 (FAX)
www.boldventuresinc.com

Bold Ventures (TSXV:BOL)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025

Bold Ventures (TSXV:BOL)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025