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Publié le 05 octobre 2015

Bold Ventures Completes Summer 2015 Gold Exploration Program on Northern Superior's Lac Surprise Property

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Bold Ventures Completes Summer 2015 Gold Exploration Program on Northern Superior's Lac Surprise Property

TORONTO, ONTARIO--(Marketwired - Oct 5, 2015) - Bold Ventures Inc. (TSX VENTURE:BOL) (the "Company" or "Bold") and Northern Superior Resources Inc. (TSX VENTURE:SUP) ("Northern Superior") are pleased to announce that the 2015 summer field program at the Lac Surprise property, under option from Northern Superior Resources Inc., has been completed. The property is located within the historical Chapais-Chibougamau gold camp of west central Québec, Canada.

2014 Program re-cap

During Bold's previous 2014 summer/fall work program, numerous and promising gold occurrences were sampled and trenched, (see Bold/Northern Superior joint press release, February 17, 2015) for results. The 2014 program was successful in locating and exposing a number of new gold showings, as well as upgrading gold values in two areas of interest that had been previously explored. The gold values encountered from the 2014 program include high grade values that warranted further investigation. The companies chose to focus on the Amber zone in the south-west portion of the property during 2015.

2015 Gold Exploration Results

During the spring and summer of 2015, a 28.1 line - km survey grid was established over the Amber Zone in order to explore the gold mineralized area in more detail. A shallow penetrating, Frequency Domain, Induced Polarization (IP) survey was carried out over the grid by Rémy Bélanger Geophysics of Québec. The results of the survey were reviewed and interpreted by G. Lambert, P. Eng., geophysicist.

Eight hundred and thirty-five (835) soil samples and 28 new rock samples were collected during this program over the Amber grid. All eight hundred and thirty-five soil samples collected were analyzed by the 1A2 Fire Assay (Au) & 1F2 Total Digestion ICP (36 trace element) analytical package, and all twenty-eight (28) grab samples collected during the prospecting phase were analyzed by the 1A2 Fire Assay (Au) analytical package by Activation Laboratories at its Timmins, Ontario facility. The results of this analysis have been received and the results indicate anomalous values of gold in both the rock and soil samples.

Additionally, Bold's prospecting crew carried out soil sampling over the grid and prospected in anomalous areas as indicated from the IP survey.

Several first and second order IP anomalies were outlined beneath the shallow overburden with the majority of the anomalies occurring along three main zones oriented in a WNW-ESE trending direction over the Amber grid. All three zones were interpreted by their expressions as potentially economic gold carriers due to their low resistivity, low magnetic signature, size potential and high conductivity (IP effect) usually characteristic of shear hosted gold deposits found elsewhere in the Chapais- Chibougamau gold camp.

The anomalously high soil and rock sample results over shallow overburden are coincident with the favourable IP anomalies, and confirm that the presence of gold and sulphide mineralization is associated, at least in part, with these anomalies. The IP survey results have resulted in the identification of three main zones:

  1. To the north for a distance of at least 400 meters, a zone of heavily disseminated sulphides at or near surface. At its widest, it is approximately 280-300 m;
  1. In the center for a distance of at least 1100 meters, a very significant zone of semi-massive to massive sulphides at or near surface. It is a very significant feature, with good potential for width and abundant pyrite content;
  1. In the south for a distance of up to 1100 meters, a significant zone of disseminated to locally semi-massive or massive sulphides at or near surface. It is a significant feature, with good potential for width and sulphide content.(1)

These three zones remain to be further tested with mechanical stripping where possible.

Richard Nemis, President and CEO of Bold Ventures Inc. states that, "These results have provided our technical team additional knowledge of the orientation and potential size of the Amber Zone gold showings."

Thomas Morris, President and CEO of Northern Superior further states that "The data from this latest exploration program continues to re-enforce the positive potential that both companies recognize on the Lac Surprise property. Northern Superior looks forward to advancing that potential for the property with the next exploration program."

The Company is currently compiling the results of the 2015 program with the goal of refining the highest priority targets for drill testing.

Further exploration on the Lac Surprise property, including the equally important Phoenix and Fox gold showings (see Bold/Northern Superior joint press release, February 17, 2015) has been recommended and will be resumed when financing to explore those additional showings becomes available. For the immediate future the companies' priority focus at Lac Surprise will be on the Amber zone.

About The Lac Surprise Project

The property is situated in an active exploration area where a number of other mining companies are currently exploring important new gold deposits. Notable projects include the ongoing Monster Lake Project currently being explored by TomaGold and Iamgold Corporation located approximately 10 km north-northeast of the Lac Surprise property. On September 17, 2015 Tomagold announced a 4,000 metre drill program to commence at Monster Lake in September.

Immediately adjacent to the Lac Surprise property, to the east-and southeast is the Nelligan Project, operated by Iamgold Corp. under option from Vanstar Resources Inc. that has had recent success discovering gold in diamond drilling programs (see Vanstar Mining Resources Inc. news releases dated November 26, 2013, May 28, 2014 and February 23, 2015 at vanstarmining.com).

Geomega Resources' Anik Property, located adjacent to the Lac Suprise property on the north and northeast has reported gold discoveries in several locations on surface and in diamond drilling (see news releases dated February 23 and September 28, 2015 at ressourcesgeomega.ca). (2)

For some very informative geology and project maps regarding the Lac Surprise property and surrounding area please visit either company's website at www.boldventuresinc.com or www.nsuperior.com.

The Lac Surprise project is under option from Northern Superior whereby Bold may earn a 50% interest in the property by expending an aggregate of $2,000,000 and issuing to Northern Superior a total of 350,000 common shares of Bold over a three year period. A further 10% interest may be earned if Bold delivers a positive feasibility study within 5 years of execution of the formal option agreement.

The technical information in this news release was reviewed and approved by Tracy Armstrong P. Geo., a qualified person (QP) for the purposes of NI 43-101.

Richard E. Nemis,

President and Chief Executive Officer

David B Graham

Executive Vice President

Northern Superior Resources Inc.

Thomas F. Morris

President and Chief Executive Officer,

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.

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

(1) Lac Surprise Property AMBER Grid, Report on Phase Domain Induced Polarization Surveys, authored by G. Lambert, P.Eng. dated July 27, 2015.

(2) All of the information regarding exploration on adjacent properties has been obtained directly from the various companies' websites. Mineralization as described for each project is not necessarily indicative of the mineralization on the Lac Surprise Property and it is not Bolds' intention to suggest otherwise.

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Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

VanEck Vectors Global Alternative Energy ETF

EXPLORATEUR
CODE : SUP.V
ISIN : CA6658041000
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Northern Superior Resources est une société d’exploration minière d'or basée au Canada.

Northern Superior Resources détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont BACHELOR LAKE, WACHIGABAU, THORNE LAKE, NORTH THELON URANIUM JV, VILLE MARIE DIAMOND, TI-PA-HAA-KAA-NING (TPK) et LESPERANCE au Canada.

Northern Superior Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 25,6 millions (18,8 millions US$, 16,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 19 septembre 1997 à 9,60 , et son plus bas niveau récent le 12 février 2016 à 0,01 .

Northern Superior Resources possède 47 442 200 actions en circulation.

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Rapports annuels de VanEck Vectors Global Alternative Energy ETF
2008 Annual report
Nominations de VanEck Vectors Global Alternative Energy ETF
02/07/2013John Pollesel Joins Northern Superior’s Board of Directors
12/11/2012Fred Lecoq Joins Northern Superior's Board of Directors
Projets de VanEck Vectors Global Alternative Energy ETF
21/01/2016Northern Superior expands its understanding and definition o...
28/02/2014Bold Ventures Signs Letter of Intent with Northern Superior ...
26/02/2014Reports New Gold-Bearing Shear Zones And Showings, Grizzly G...
12/11/2013Exploration Update Croteau Est West-Central Quebec
27/05/2013Agrees to Acquire Waconichi Gold Property, Chibougamau Gold ...
08/11/2012Intersects 25.8 g/t Gold Over 1.85m and Expands Croteau Est ...
12/09/2012Intersects High Grade Gold Zones and Expands Croteau Est Gol...
01/03/2012Reports Results from Gold-bearing Shear Zones, (Including 12...
11/01/2012Intersects Mineralized Porphyry System, (0.83 g/t Gold; 3.07...
12/10/2011N. Superior reports high grade gold, Croteau Prop.
21/09/2011N.Superior reports gold, Croteau Est Gold Property
14/04/2011(Ti-pa-haa-kaa-ning (tpk))Rainy River and Northern Superior Announce Initial Assays an...
04/02/2011(Ti-pa-haa-kaa-ning (tpk))and Northern Superior Announce Final Phase 1 Results and Com...
29/09/2010(Ti-pa-haa-kaa-ning (tpk))signs formal Option Agreement with Rainy River Resources
12/11/2009(Wachigabau)Additional Historical Gold Assay Results
29/10/2009(Thorne Lake)Intersects Gold-Bearing Shear Zones
16/09/2009(Ti-pa-haa-kaa-ning (tpk))Initiates Magnetic Gradiometer Survey
25/08/2009(Thorne Lake)Four Gold Showings Discovered on Thorne Lake Property, North...
08/07/2009(Thorne Lake)Explores for Source of Gold Grain-In-Till Dispersal Trains, ...
22/06/2009(Wachigabau)Initiates Wachigabau Exploration Program
Communiqués de Presse de VanEck Vectors Global Alternative Energy ETF
02/08/2016Arthur Murdy Joins Northern Superior’s Board of Directors - ...
11/07/2016Bold Ventures and Northern Superior Announce Amber Drilling ...
23/06/2016Northern Superior Appeals Judgment Regarding its Action Agai...
25/05/2016Northern Superior Receives Litigation Judgement - 05/25/2016
03/05/2016Bold Ventures Mobilizes Drill to Amber Zone Gold Showing at ...
21/01/2016Northern Superior Expands its Understanding and Definition o...
14/01/2016Croteau-Est Gold Property Inferred Mineral Resource Estimate...
22/12/2015Northern Superior Resources Inc. Informed of Chalice Gold Mi...
22/12/2015Chalice’s Termination Announcement & NSR’s Response - 12/22/...
22/12/2015Chalice Gold Mines - Croteau Est Joint Venture Update
02/11/2015Grizzly Termination - 11/02/2015
02/11/2015Northern Superior Resources Announces Grizzly Property Optio...
07/10/2015Grizzly Gold Property Exploration Update - 10/07/2015
07/10/2015Northern Superior Reports Additional New Showing, Grizzly Pr...
05/10/2015Bold Ventures Completes Summer 2015 Gold Exploration Program...
05/10/2015Northern Superior's Plan to Keep Stakeholders Informed About...
29/09/2015Northern Superior Initiates Final Preparations for Trial Aga...
08/09/2015Litigation Update - 09/08/2015
08/09/2015Northern Superior Initiates Final Preparations for Trial Aga...
22/07/2015Northern Superior Initiates Next Generation Exploration Prog...
22/07/2015Northern Superior Initiates Next Generation Exploration Prog...
20/07/2015Chalice Gold Mines - June 2015 Quarterly Report and Cashflow...
23/04/2015Northern Superior Provides an Update on Its Litigation Again...
21/04/2015Chalice expands North American presence with farm-in deal on...
21/04/2015Northern Superior Resources Inc. and Chalice Gold Mines Limi...
13/03/2015s Board Committees and Management Responsibilities
13/03/2015Northern Superior Resources Inc. Updates Board Committees an...
17/02/2015Bold Ventures Continues to Advance Lac Surprise Gold Potenti...
29/01/2014responds to Government of Ontario’s Statement of Defence
27/01/2014Lac Surprise Gold Property: An Excellent Opportunity In The ...
18/11/2013elaborates on legal action against the Government of Ontario...
25/10/2013commences legal action against the Government of Ontario
23/09/2013Recognized for Its Commitment to Progressive Aboriginal Rela...
16/07/2013Signs Option to Acquire 100% Interest in the Grizzly Gold Pr...
11/06/2013Signs Pre-Development Agreement with the Grand Council of th...
12/02/2013Initiates 2013 Drill Programs, Croteau Est/ Waconichi Gold P...
16/01/2013Continues to Intersect High Grade Gold Zones, Further Expand...
16/01/2013Continues to Intersect High Grade Gold Zones, Further Expand...
09/01/2013Ti-paa-haa-ka-ning, New Growth, New Growth Annex; A Renewed ...
10/12/2012Stock Options Issued
03/10/2012New Corporate Office
25/06/2012Drilling Discovers Gold Mineralization, New Growth Annex wit...
11/06/2012DRILLING EXPANDS CROTEAU EST GOLD DISCOVERY WITH GRADES UP T...
07/06/2012signs Option Agreement to acquire a 70% interest in Murgor R...
23/01/2012Intersects 32.6g/t Gold over 1.0 m, Rapson Bay Gold Property...
18/01/2012Rainy River Resources And Northern Superior Resources Announ...
11/01/2012Subject
19/12/2011Intersects Gold-Bearing Rock, Croteau Est Gold Property, Chi...
25/10/2011N. Superior Recovers Gold-Bearing Boulder
07/09/2011at The World Money Show, Toronto
09/05/2011at New York Hard Asset Conf.
20/02/2011N.Superior Ramps-Up Logistics for 2011 Expl. Prog.
20/02/2011Makes the “2011 TSX Venture 50”
04/02/2011Rainy River and Northern Superior Announce Final Phase 1 Res...
01/02/2011Increases Interest in Northern Superior Resources Inc.
31/01/2011Lake Shore Gold Increases Interest in Northern Superior Reso...
23/04/2010At Chicago Resource Expo.
06/04/2010Northwestern Ontario Prospectors Assoc. Meeting
05/03/2010Attends PDAC
15/01/2010Presenting at the Cambridge House Show, Vancouver
27/10/2009Defines Additional Gold Exploration Targets
19/06/2009adoption of Shareholders Rights Plan.
28/05/2009Signs Option Agreement with INV
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