Mr. David Graham reports
BOLD VENTURES ANNOUNCES RESULTS OF FALL SAMPLING PROGRAM AT BURCHELL
Bold Ventures Inc. has released the results of its fall mechanical stripping and channel sampling program on its Burchell copper-gold property, located within the Shebandowan greenstone belt approximately 100 kilometres west of Thunder Bay, Ont. Eight areas were stripped by excavator in the vicinity of the 111 gold zone, including the 111 zone itself, and more than 400 channel samples and 80 grab samples were collected during the program. All gold results and most trace element results have now been received from the laboratory.
Highlights from the program include:
- Identification of a 14-metre-wide maximum envelope of discontinuous gold mineralization at the 111 zone (Stripped Area 1) with one channel sample returning 2.1 grams per tonne Au over 1.0 metres and one grab sample returning 8.0 g/t Au in outcrop. An additional sample of subcrop earlier in the season also returned 32.4 g/t Au in the area where grab samples had previously returned 56.9 and 68 g/t Au.
- The northernmost channel sample and grab sample at Stripped Area 1 (approximately 17 m across strike from the main gold zone) were anomalous in gold (0.32 g/t Au over 1.0m channel and 0.44 g/t Au grab sample), indicating a possible subparallel gold zone and the need to expand the stripping to the north.
- Widespread zinc and gold anomalies, with local copper and lead anomalies, at multiple stripped areas including the 111 zone. Apparent zonation from south to north at the 111 zone from dominantly zinc to copper to gold across a total discontinuous mineralized width of 29 metres in the central part of the zone. Stripped Area 4 approximately 500 metres west of the 111 zone returned 0.13 g/t Au and 0.7 per cent Zn over 4.3 metres including 0.30 g/t Au and 3.1 per cent Zn over 0.8 metre.
- An increased understanding of geological controls on gold mineralization: gold anomalies tend to occur within shear zones proximal to contacts between quartz feldspar porphyry (QFP) sills and the host metavolcanic rocks, often within the contact zone between silicified mafic/intermediate rocks and quartz sericite schist (possible felsic volcanic rocks). Earlier in the summer outcrops of QFP were identified at several locations along a three-kilometre trend which stretches from northeast of the 111 zone toward the southwestern corner of the property along a magnetic low corridor. These QFP outcrops are associated with anomalous gold as previously reported (Sept. 11, 2025, news release).
Identification of three areas where additional mechanical stripping is warranted in advance of drilling: stripped areas 1, 6 and 7.
Stripped Area 1
Target: the 111 zone, 68 grams per tonne Au grab sample
Results: Identification of an envelope of discontinuous anomalous gold mineralization with maximum width of 14 metres. Channel samples include 2.1 g/t Au over 1.0 m, 1.4 g/t Au over 1.0 m, 1.7 g/t Au over 0.55 m and 2.1 g/t Au over 0.5 m (previously reported on Sept. 11, 2025). Higher-grade values tend to occur on either side of a two-metre-wide QFP sill which is strongly fractured and outcrops poorly. The host rocks appear to be silicified mafic to intermediate metavolcanic rocks, transitioning to more intermediate to the northwest. One grab sample of exposed outcrop returned 8.0 g/t Au with others returning 2.0 g/t Au and 1.0 g/t Au. Earlier in the season an additional high-grade result of 32.4 g/t Au, previously unreported, was obtained from a slab of subcrop near to where the 68 g/t Au sample had been discovered (see Jan. 9, 2025, news release). The northernmost channel sample in the stripped area (approximately 17 m across strike from the main gold zone) returned 0.32 g/t Au over 1.0 m, and a grab sample returned 0.44 g/t Au, suggestive of a parallel zone to the north which should be stripped back further. Multiple samples of anomalous zinc mineralization were also obtained, generally marginal to or outside of the envelope of anomalous gold mineralization. Intervals include 0.87 per cent Zn over 0.55 m and 0.34 per cent Zn over 2.25 m. Local copper anomalies were also obtained, with a maximum of 0.34 per cent Cu over 0.85 m and a broader interval of 0.15 per cent Cu over 5.9 m. There appears to be zonation from south to north from dominantly zinc to copper to gold across an overall discontinuous mineralized width of approximately 29 metres in the central part of the zone.
Stripped Area 2
Target: grab sample of five-centimetre quartz vein which returned values of 300 g/t Ag, 0.93 g/t Au, 0.54 per cent Pb and 0.19 per cent Zn
Results: No significant channel sampling results were obtained. An additional grab sample of the veining earlier in the season returned a previously unreported value of 125 g/t Ag with 0.43 g/t Au and 0.18 per cent Pb.
Stripped Area 3
Target: 70 ppb Au soil sample
Results: A zone of altered volcanic rocks intruded by three subparallel porphyry sills was uncovered. One interval returned 0.56 g/t Au, 0.55 per cent Zn and 0.23 per cent Pb over 1.3 metres, including 0.91 g/t Au, 0.78 per cent Zn and 0.33 per cent Pb over 0.73 metre, within the volcanic rocks. An additional interval within the volcanic rocks returned 0.11 g/t Au over 1.8 metres, and an interval within one of the QFP sills returned 0.16 g/t Au over 1.0 metres.
Stripped Area 4
Target: 0.21 g/t Au grab sample
Results: A zone of altered volcanic rocks and quartz sericite schist intruded by a QFP sill was uncovered, similar in appearance to the 111 zone. One channel sample near the porphyry returned 0.20 g/ Au over 0.8 m. However, approximately 30 m farther to the southeast, altered volcanic rocks returned 0.13 g/t Au and 0.7 per cent Zn over 4.3 metres including 0.30 g/t Au and 3.1 per cent Zn over 0.8 metre. Trace element results are pending for about half of the channel samples at this stripped area.
Stripped Area 5
Target: grab sample of quartz sericite schist which returned 0.21 g/t Au with 1.34 per cent Zn and 0.36 per cent Pb
Results: A zone of altered mafic to intermediate volcanic rocks and quartz sericite schist was uncovered. One grab sample of a one to two cm veinlet of massive pyrite returned 2.9 g/t Au. One channel sample returned 0.12 g/t Au over 0.95 metre. Several samples returned anomalous zinc and lead results, with intervals including: 0.28 per cent Zn and 0.11 per cent Pb over 1.1 m; 0.97 per cent Zn and 0.06 per cent Pb over 1.0 m; and 0.19 per cent Zn and 0.11 per cent Pb over 2.45 m.
Stripped Area 6
Target: 301 ppb Au soil anomaly
Results: A sheared intermediate intrusive/porphyry unit was uncovered, at least five metres in width. One sample of quartz flooded material with 1 to 2 per cent pyrite along a narrow shear returned 0.12 g/t Au. In light of knowledge gained at the 111 zone, the margins of the intrusive unit should be stripped back further up the hill to the southeast to determine if there is a gold zone on the flank of the intrusive, which may be responsible for the soil anomaly.
Stripped Area 7
Target: 647 ppb Au soil anomaly
Results: A zone of strongly sheared mafic/intermediate fragmental rocks was uncovered, intruded by a less than one m folded intermediate intrusive dike with sparse potassic stringers containing minor chalcopyrite. No significant channel sample results were obtained. However, following the channel sampling program, subcrop of QFP was discovered approximately 10 to 15 metres across strike to the southeast and slightly uphill from the stripped area. This area should be further stripped to expose any potential gold zone flanking the porphyry unit, which may be responsible for the gold anomaly. Trace element results are pending from the channel sampling.
Stripped Area 8
Target: grab sample of quartz sericite schist which returned 0.41 g/t Au and 1.5 per cent Cu
Results: A zone of sheared quartz sericite schist was uncovered. A channel sample of the original showing returned 0.5 g/t Au over 0.1 m, but otherwise there were no significant channel sample gold results. Trace element results are pending.
Bruce MacLachlan, president and chief operating officer of Bold Ventures, said of the results: "The mechanical stripping and channel sampling program uncovered broad, widespread gold and base metal mineralization, and gave us a better understanding of the geological controls on mineralization. The program set us up for a second phase of stripping before year-end followed by a first phase of drilling this winter. We are in the early days of exploring a major, previously unexplored mineralizing system with no known drill holes that appears to stretch at least three km on the property and may extend past the western boundary of the property. We are excited to drill the first ever drill holes into this system and see what we come up with."
QA/QC (quality assurance/quality control) protocols
Rock samples were collected, documented and photographed in the field, then placed in sealed bags and delivered to Activation Laboratories (ActLabs) in Thunder Bay, which is an ISO/IEC 17025 accredited laboratory. Rock sample collection is subject to Bold's internal quality assurance/quality control protocols, which include the insertion of blank material and certified reference material into each batch of grab samples submitted, and at regular sampling intervals in the case of channel samples. Sample duplicates were also collected of channel samples at regular intervals. Rock samples referenced in this news release were analyzed using ActLabs methods 1A2-50, a 50 g fire assay with atomic absorption finish, and 1F2, a total digestion with ICP-OES finish for trace elements.
The technical information in this news release was reviewed and approved by Coleman Robertson, BSc, PGeo, the company's vice-president of exploration and a qualified person (QP) for the purposes of National Instrument 43-101.
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's target commodities comprise: copper (Cu), nickel (Ni), lead (Pb), zinc (Zn), gold (Au), silver (Ag), platinum (Pt), palladium (Pd) and chromium (Cr). The critical metals list and a description of the provincial and federal electrification plans are posted on the Bold critical and battery minerals page.
About Bold Ventures Inc.
The company explores for precious, battery and critical metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multimetals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
We seek Safe Harbor.
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