Bold Ventures updates Koper Lake in the Ring of Fire and Burchell Gold and Copper Project, Ontario
Bold Ventures Inc. [TSXV: BOL] provide links to yesterday’s Government of Ontario’s Ring of Fire news conference and news release. These developments signal progress with the access, infrastructure and First Nation partnerships in the Ring of Fire area, where the Bold Ventures Koper Lake Project is situated.
The Black Horse is part of the Kopar Lake Project where Canada Chrome Corp. [TSXV: CACR] is the operator of the chromite joint venture exploration effort.
Bold owns a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource of 85.9 Mt grading 34.5% Cr2O3 at a cut-off of 20% Cr2O3 (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.
The Black Horse is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 metres from their Eagle’s Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage. Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans of Ontario and North America. The company is encouraged by these ongoing developments in this emerging critical mineral mining camp.
The environmental assessment process for all-weather road access to the Ring of Fire is being developed as three proposed road projects: the Northern Road Link, the Marten Falls Community Access Road and the Webeque Supply Road.
The recent mechanical stripping, mapping and channel sampling effort at the Burchell Gold and Copper Project is drawing to a close. The field crew expects to complete the program in the coming days.
There has been additional recent news from the Burchell Gold and Copper project area. Bold’s neighbour Gold X2 continues to consolidate ground proximal to the Burchell property.
Bold Ventures management believes its suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand Our target commodities are comprised of: gold, copper, nickel, lead, zinc, silver, platinum, palladium and chromium. The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website.
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.
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