Bold Ventures Inc. has announced promising results from a recent prospecting and sampling program at its Burchell Gold and Copper Property, situated within the Shebandowan Greenstone Belt, approximately 100 kilometers west of Thunder Bay, Ontario. In total, the initiative involved the collection of 209 grab samples and 42 channel samples, aimed at preparing for an upcoming mechanical stripping, sampling, and geological mapping endeavor at the 111 Zone gold showing.
A crew has been mobilized, and the mechanical stripping program is set to begin immediately. Noteworthy highlights from the recent program include:
– Discovery of an anomalous gold zone at the 111 Zone, measuring 4.5 to 6.5 meters in apparent width, which remains open to the southeast and along strike. A channel sample within this zone yielded 2.1 grams per tonne of gold over a span of 0.5 meters.
– The identification of new gold-in-rock anomalies correlated with a magnetic low geophysical signature extending to the southwest and northeast of the 111 Zone. This trend, which spans around 2.9 kilometers, is often accompanied by base metal pathfinders like zinc, copper, and lead.
– Validation of gold mineralization in historic trenches in the southwest sector of the property, with a significant sample returning 3.38 grams of gold per tonne.
– The discovery of a new gold-silver showing south of the 111 Zone, attaining a maximum of 952 parts per billion (ppb) gold and 300 parts per million (ppm) silver.
The summer prospecting program concentrated on an 800 m by 1 km grid centered around the 111 Zone, where the grab samples returned significant results, including a high of 68 g/t gold. As the channel sampling at the 111 Zone confirmed the existence of the 4.5–6.5 meter wide anomalous gold zone, it was noted that outcrop exposure was limited, leading to a series of samples that highlighted gold values ranging from 100 to 500 ppb.
In addition, the exploration has uncovered numerous new gold-in-bedrock anomalies near the 111 Zone, highlighting several significant results, including:
– 952 ppb gold from a 5 cm quartz vein situated in sheared diorite, 180 meters southeast of the 111 Zone, referred to as the “Winter Gold Occurrence.”
– 931 ppb gold from the same vein at Winter Gold, further reinforcing the potential of the site.
– Other notable findings include 706 ppb gold from altered mafic volcanic rocks, indicating broad mineralization potential across various rock types in the area.
Further prospecting in the southwest sector yielded additional insights, with new gold-in-rock anomalies, including 371 ppb from altered quartz-feldspar porphyry. This zone, dubbed the “Moosehead Zone,” is positioned about 2.5 km southwest of the 111 Zone and shares similar geological signatures.
Sampling conducted in historic trenches corroborated past gold findings, emphasizing the need for more extensive geological mapping and sampling in this area. The results signify a 2.9 km discontinuous gold trend that the company is eager to explore further.
To facilitate exploration, Bold Ventures has recently obtained an exploration permit that includes backhoe stripping, offering an opportunity to expose and analyze the 111 Zone and its adjoining gold-bearing horizons in detail. President and COO Bruce MacLachlan expressed optimism regarding the results, indicating that the array of gold and base metal anomalies could suggest significant mineral potential, particularly within the 3 km trend previously identified.
The company is adhering to rigorous quality assurance and control protocols during its sampling efforts, with all samples being processed by an ISO-certified laboratory. Future exploration endeavors will aim to deepen understanding of the regional geology as Bold Ventures continues to assess its promising properties for precious and critical metals in Canada.
