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Bold Ventures Inc.
Summary
| Project: | Lac Surprise | |
|---|---|---|
| Deposit: | Black Phoenix | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-3-2017: Bold Ventures Inc. announces an Exploration/Drilling Update report for its Black Phoenix deposit at the Lac Surprise project. JV with Northern Superior Resources - Drilling results incl. 6.34m @ 1.12g/t Au from 233m. Bold Ventures Inc. (TSX.V:BO | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tracy Armstrong (Not stated) | |
| ABSTRACT: | Bold Ventures Inc. (TSX.V:BOL)(“Bold”) and Northern Superior Resources Inc. (TSX.V:SUP)(“Northern Superior”) are pleased to announce the results of the recent diamond drilling program at the Black Phoenix area within the Lac Surprise Property. An approximately 10 line-km Induced Polarization, (“IP”) and Magnetic survey over the Black Phoenix area of the property yielded four priority anomalous trends. This area of the property is also interpreted to be the source of one of three gold-in-till dispersal train(s). In addition, prospecting completed in the Black Phoenix area yielded a grab sample containing 19.9 g/t Au, (see Bold-Northern Superior news releases dated October 29, 2014 and October 20, 2016). The gold grain and gold geochemical train(s) and grab sample appear to be associated with structures that extend east off the Lac Surprise property onto the adjacent Vanstar Mining Resources Inc. (Vanstar) property. Vanstar reported elevated gold values in diamond drilling including a drill intersection of 10.34m grading 4.43 g/t Au (see Vanstar news release dated June 30, 2016). The Black Phoenix grid is located approximately 4 km west of the Nelligan gold discovery on the adjacent Vanstar property. In order to test the anomalies located by the IP survey described above, a drill program consisting of 5 drill holes and 1185 m has been completed. The results indicated that at least one of the anomalous trends is gold bearing and confirms that a hydrothermal gold bearing system exists. The elevated gold values that were encountered in Hole BP-17-04 and BP-17-05 occur on the most southerly IP trend in this locale. | |
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