Bold Ventures Receives Compilation Reports for Joutel and Lac Agisko Projects. Results Identify Gold and Base Metal Potential in the Abitibi Greenstone Belt-Diamond Drill Programs Recommended
Published : December 07, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Canada | Diamond | Gold | Market | Nickel | Precious Metals |

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2012) - Bold Ventures Inc. (News - Market indicators) ("Bold" or the "Company") is pleased to announce that it is in receipt of the recently completed geological data compilation reports relating to two of the Company's four projects located in the prolific Abitibi Greenstone Belt of Northwestern Quebec. The claim groups were acquired 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.

Bold staked four claim groups in 2011 and flew VTEM electromagnetic airborne surveys to cover these four claim blocks named Lac Grasset, Lac Blondel, Lac Agisko and Joutel. As a result of the 2011 airborne survey a 100% interest in twenty claims adjoining the Joutel property to the south was purchased for cash. In 2012, additional claims were acquired and additional VTEM surveys were carried out to complete the survey coverage and to detail areas of interest arising from the airborne surveys and the geological compilation work.

The first two studies covering the Lac Grasset and Lac Blondel claim blocks were described in a news release dated November 27, 2012. The studies carried out relating to the Joutel and Lac Agisko projects are described below: 

Joutel Project

The Joutel project is located within Poirier and Dalet Townships and consists of 151 mining claims comprising approximately 7,584 hectares (18,734 acres) in the central portion of the Abitibi region of northwestern Quebec. The mining and lumber town of Matagami is located approximately 60 km northeast of the property. Due to historical timber operations access is provided by lumber roads throughout the property. There has been very limited work on the property itself over the last 25 years.

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. Three areas with potential for gold mineralization, one area with nickel potential and twelve targets for polymetallic sulphides were identified.

Based on a review of historical drill holes on the property and an evaluation of the target areas from a geophysical perspective, an initial program of Diamond drilling is recommended. Additional follow up work will depend on the results of the first phase drilling program.

Lac Agisko project

The Lac Agisko project is found within the Townships of Collet, Dieppe and Laberge. The property is made up of 127 mining claims that cover approximately 7,077 hectares (17,480 acres). All claims were acquired by map staking in late 2011. Located in the west-central portion of the Abitibi region of northwestern Quebec, the town of La Sarre lies 50 km to the south. Access to the property is via numerous lumber trails and roads. The claim group has a maximum north south distance of almost 9km and east west span in excess of 8 km at its widest. Please visit our web site for maps at

Relatively little historical work has been carried out on the property. Mr. Tremblay reviewed a 2011/12 VTEM electromagnetic and magnetic survey in conjunction with the nine drill holes on the property and 13 drill holes off the property but located proximal to the claim group. Combined with Government geological data this information formed the basis of this study.

The main structural features noted in the study were the presence of the northwest trending Laberge regional deformation-alteration zone, two large fold structures and a number of northeast and northwest trending cross cutting faults which locally disrupt and deform the main tectonic fabric and stratigraphy. As a result, 14 targets for gold and one target for base metals have been identified for follow up exploration and Diamond drilling.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Bold Ventures Inc.
Richard E. Nemis
President and Chief Executive Officer
416 864 1456
416 864 1443 (FAX)
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Bold Ventures Inc.

Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Bold Ventures Inc. is an exploration company based in Canada.

Its main exploration properties are CAUSAS POJECT in Mexico and WEST NICKEL, RING STAR NICKEL and KENTUCKY LAKE in Canada.

Bold Ventures Inc. is listed in Canada. Its market capitalisation is CA$ 2.9 millions as of today (US$ 2.2 millions, € 1.9 millions).

Its stock quote reached its highest recent level on November 05, 2010 at CA$ 0.43, and its lowest recent point on February 26, 2016 at CA$ 0.02.

Bold Ventures Inc. has 117 400 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Annual reports of Bold Ventures Inc.
2008 Annual report
Financings of Bold Ventures Inc.
4/9/2015Announces Brokered Private Placement
12/2/2010Announces $3.75 Million Private Placement
Project news of Bold Ventures Inc.
8/22/2011for Everett Resources
Corporate news of Bold Ventures Inc.
7/11/2016Bold Ventures and Northern Superior Announce Amber Drilling ...
7/11/2016Bold Ventures and Northern Superior Announce Amber Drilling ...
5/3/2016Bold Ventures Mobilizes Drill to Amber Zone Gold Showing at ...
4/1/2016Bold Ventures Address Change
3/7/2016Bold Ventures and Lac Des Milles Lacs First Nation Extend Me...
2/23/2016Bold Ventures Extends Wilcorp Option Agreement
1/4/2016Bold Ventures Announces Addition to Advisory Board and Grant...
12/15/2015Bold Ventures Private Placement Expires
11/16/2015Bold Ventures Inc. Announces Further Extension of Brokered P...
10/29/2015KWG, Bold & Fancamp Extend Koper Lake Option
10/13/2015Bold Ventures Inc. Announces Extension of Brokered Private P...
10/5/2015Bold Ventures Completes Summer 2015 Gold Exploration Program...
8/14/2015Bold Ventures Annual General Meeting
8/11/2015Bold Ventures Inc. Announces Brokered Private Placement
7/22/2015Bold Ventures Inc. Announces Closing of First Tranche of Fin...
7/13/2015Bold Ventures Inc. Announces Further Extension of Brokered P...
6/10/2015Bold Ventures Inc. Announces Extension of Brokered Private P...
6/10/2015Lac Surprise 2015 Summer Exploration - 06/10/2015
6/10/2015Bold Ventures and Northern Superior Announce 2015 Summer Exp...
6/2/2015Bold Ventures Mobilizes Field Crew to Lac Grasset Project
5/14/2015Bold Ventures Update
4/22/2015KWG Encouraged By Federal Budget; Delisting From TSX Venture...
4/22/2015KWG Encouraged By Federal Budget Delisting From TSX Venture ...
4/9/2015Bold Ventures Inc. Announces Brokered Private Placement
3/24/2015Continues to Earn-In At Koper Lake - Ring of Fire
3/24/2015Bold Ventures Continues to Earn-In At Koper Lake - Ring of F...
3/17/2015Update Respecting Trading in KWG Shares
2/17/2015Bold Ventures Continues to Advance Lac Surprise Gold Potenti...
12/23/2014Bold Ventures Inc. Announces Closing of Non-Brokered Private...
12/11/2014Bold Ventures and Northern Superior Resources Discover Gold-...
10/29/2014Bold Ventures and Northern Superior Announce Two New Gold Di...
9/30/2014Bold Ventures Acquires Additional Claims at Lac Grasset on t...
8/20/2014Boliden’s Acquisition of Kylylahti Approved
7/24/2014Bold Ventures Stakes Additional Claims And Begins Work At La...
7/18/2014Bold Ventures Inc. Closes Final Tranche of Brokered Private ...
7/11/2014Bold Ventures Inc. Closes First Tranche of Brokered Private ...
6/27/2014Bold Ventures Inc. Increases Brokered Private Placement
6/18/2014Bold Ventures Inc. Amends Terms of Brokered Private Placemen...
6/5/2014Bold Ventures and Northern Superior Sign Formal Option Agree...
6/2/2014Bold Ventures Inc. Announces Brokered Private Placement
5/7/2014Bold Ventures Inc. and KWG Resources Inc.: Drill Program Suc...
3/27/2014Bold Ventures Inc. and KWG Resources Inc.: Black Horse Drill...
10/9/2013Completes Airborne Geophysical Survey and Stakes Claims Prep...
9/12/2013Continues Hunt for Elephants in the Ring of Fire
9/11/2013Comments on KWG "Inferred Resource"
5/31/2013Forest Fire Interrupts Drilling Program
5/15/2013Issues Shares in Lieu of Option Payment and Updates By-Laws
5/6/2013and KWG Update Prior Drill Program Disclosure
3/21/2013Pays Finders' Fee in Respect of Ring of Fire Properties & Co...
2/4/2013Agrees to Option Its Interest in Koper Lake Project
1/7/2013Acquires Option to Earn Up to 100% Interest in Koper Lake Pr...
12/7/2012Receives Compilation Reports for Joutel and Lac Agisko Proje...
11/27/2012Identifies Gold and Base Metal Potential on the Lac Blondel ...
11/27/2012Identifies Gold and Base Metal Potential on the Lac Blondel ...
11/15/2012Receives Positive Results from IP Survey Identifies Drill Ta...
10/31/2012Receives Permission From Marten Falls First Nations to Explo...
10/10/2012Receives Assay Results From Ring of Fire Drilling
9/25/2012Completes Summer Drilling in Ring of Fire Area; Closes Priva...
5/31/2011Announces Execution of $2.5 Million Option Agreement With Du...
5/25/2011TFR News Release for May 25 , 2011
4/12/2011Announces $2.5 Million Joint Venture Agreement With Dundee R...
2/15/2011Establishes Advisory Board
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.025
06/19 12:19 -0.010
Prev close Open
0.030 0.030
Low High
0.025 0.035
Year l/h YTD var.
0.025 -  0.050 -50.00%
52 week l/h 52 week var.
0.025 -  0.050 -37.50%
Volume 1 month var.
125,000 -28.57%
24hGold TrendPower© : 8
Explores for Copper - Gold - Nickel - Silver
Interactive chart Add to compare
Print Compare Export
Last updated on : 5/26/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 6.17+3.01%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 3.66+3.10%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.47-0.29%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.16+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.44+2.33%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 2.15+0.47%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 2.49+0.40%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.19+0.00%Trend Power :
Closes Bridge Loan Financing
CA$ 1.98+1.02%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 4.92-0.61%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.93-3.65%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.06+9.09%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.23-6.12%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 0.46-8.00%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 0.14+12.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 41.61+1.24%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.12+9.09%Trend Power :