Bold Ventures closes six key claims acquisition contiguous to its Joutel Property, Quebec
Bold Ventures Inc. [TSXV: BOL] reported that, further to its press release of March 1, 2026, it has acquired six staked mining claims (the additional claims) contiguous to its Joutel Property, located 140 km northwest of Val d’Or, Quebec under the agreement dated February 25, 2026 (the vending agreement) with 2099840 Ontario Inc. o/a Emerald Geological Services (EGS) in consideration for the issuance of 750,000 common shares of the Company to EGS (the Transaction).
EGS is a non-arm’s length party controlled by Bruce MacLachlan, President and COO of Bold, and Coleman Robertson, VP Exploration of Bold. The additional claims cover versatile time-domain electromagnetic (VTEMTM) geophysical anomalies from a 2012 survey carried out on the Joutel Property by Bold. The securities issued are subject to a resale restriction expiring on October 2, 2026.
The transaction is a related party transaction as EGS is a non-arm’s length party controlled by Bruce MacLachlan and Coleman Robertson, two insiders of the company. The related party transaction is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (MI 61-101) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company issued to EGS does not exceed 25% of its market capitalization.
An Induced Polarization (IP) survey was completed from April to May of this year on the Joutel Property across the newly acquired claims and portions of claims previously staked by Bold. The survey, carried out by Simcoe Geoscience, was performed on eight north-south lines totaling 19.5 km, targeting VTEMTM anomalies known to be spatially associated with anomalous nickel, gold and silver in historical drillholes. The survey consisted of 2D Alpha IP Resistivity & Chargeability data acquisition. The Alpha IP – Induced Polarization and Resistivity data was acquired using a dipole-pole-dipole (Reverse & Forward) configuration with a 100-metre station spacing and extra current injections at both ends of the profiles for additional depth penetration. Final interpretations and 3D models are pending.
The Joutel claim group of Bold Ventures Inc. is located approximately 140 km northwest of the city of Val d’Or, Québec, and six km south-southeast of the historical mining town of Joutel, Québec, in Poirier and Dalet Townships. The property consists of 52 staked claims and 6 claims acquired from Emerald Geological Services (EGS), covering 3,217 hectares.
The property area was previously worked by Bold in 2011-2012, when Bold flew a versatile time domain electromagnetic (VTEMTM) survey over the area. In the northern part of the current property, the 2012 survey identified anomalous area 3B which is spatially associated with historical values in diamond drill core of 0.83% nickel over 3.7 metres including 1.27% Nickel over 2.3 metres, as well as 0.51 g/t gold over 3.05 metres and 17.4 g/t silver over 0.67 metres.
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 multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
Resource World Magazine Inc. has prepared this editorial for general information purposes only and should not be considered a solicitation to buy or sell securities in the companies discussed herein. The information provided has been derived from sources believed to be reliable but cannot be guaranteed. This editorial does not take into account the readers investment criteria, investment expertise, financial condition, or financial goals of individual recipients and other concerns such as jurisdictional and/or legal restrictions that may exist for certain persons. Recipients should rely on their own due diligence and seek their own professional advice before investing.