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Bold Ventures Inc. (TSXV:BOL) has announced the final outcomes of its spring drilling campaign at Ontario's Burchell Property, confirming the continuation of the Moss Gold Trend into its claim area. The four-hole program revealed multiple gold-bearing zones, including 0.54 g/t gold over 6.0 metres in hole BL-26-09, alongside the identification of a rare earth element system and copper-zinc mineralization. These findings lay the groundwork for targeted follow-up exploration across three distinct mineral prospects on the property.
Key Highlights
- Bold Ventures Inc. (TSXV:BOL) completed a 10-hole diamond drill program at the Burchell Property in Ontario.
- Spring drilling confirmed the Moss Gold Trend on the property, with multiple gold-bearing intervals, including 0.54 g/t gold over 6.0 metres from hole BL-26-09.
- The company discovered the JET rare earth element system with 1022 ppm Total Rare Earth Oxides over 55.2 metres and verified the 111 Zone featuring extensive gold, copper, and zinc anomalies.
- Investors should watch for the company’s upcoming exploration phase targeting these three unique mineral systems.
Extension of Moss Gold Trend Confirmed by Gold Mineralization
On July 23, 2026, Bold Ventures reported that its spring drilling program successfully confirmed the Moss Gold Trend’s presence along the Burchell Property’s northwestern corner. Hole BL-26-09 yielded notable results, including 0.54 g/t gold over 6.0 metres starting at 20.0 metres depth, with a higher-grade segment of 4.65 g/t gold over 0.57 metres within this interval. Additional anomalous gold zones included 0.14 g/t gold over 15.0 metres from 34.0 metres, featuring 0.7 g/t gold over 1.0 metre, and 0.10 g/t gold over 10.0 metres from 55.0 metres.
The mineralization occurs in variably altered and brecciated intermediate volcaniclastic rocks, with the strongest gold values linked to zones exhibiting intense alteration and pyrite mineralization. The other three holes from the final drilling phase (BL-26-07, BL-26-08, and BL-26-10) all returned anomalous gold intervals above 0.1 g/t, with core intersections ranging from 0.65 to 4.55 metres. Hole BL-26-10 displayed a different mineralization style, intersecting 0.17 g/t gold over 3.0 metres within a monzodiorite intrusion, indicating multiple gold-bearing structures within the regional corridor.
Polymetallic Potential Confirmed at 111 Zone
The 111 Zone, initially identified in 2024 by a grab sample grading 68 g/t gold, has now been confirmed through systematic drilling. Hole BL-26-01 intersected 0.42 g/t gold over 19.0 metres, including a higher-grade section of 1.1 g/t gold over 5.0 metres. This gold mineralization coincides geographically with significant copper and zinc anomalies, indicating a polymetallic deposit style.
These overlapping metal zones include 0.18% copper over 9.0 metres and 0.33% zinc over 19.0 metres, both associated with the gold mineralization. The co-location suggests a complex hydrothermal system with economic potential for multi-metal mineralization. The March 2026 program specifically targeted this zone beneath surface geochemical anomalies identified in earlier soil sampling.
JET Rare Earth Element System Discovery Expands Exploration Opportunities
During spring drilling, Bold Ventures uncovered a rare earth element system in hole BL-26-05A, intersecting 1022 ppm Total Rare Earth Oxides (TREO) over 55.2 metres beneath 55.8 metres of overburden. This mineralization is linked to a syenite-carbonatite system at the margin of the Hermia Pluton, a geological setting favorable for rare earth element accumulation.
The JET REE system introduces a new exploration target complementing Bold Ventures’ gold and base metal focus. Discovered while testing other geophysical and geochemical targets, this finding highlights the broader Burchell property's prospectivity. Rare earth elements are increasingly critical for battery and clean energy sectors, aligning with the company’s strategic focus on battery and critical metals alongside precious metals.
Technical Program and Geological Insights
The 10-hole diamond drilling program targeted anomalies identified through MMI soil sampling and Very Low Frequency (VLF) geophysical surveys across Burchell. The final four holes, totaling 630.5 metres, concentrated on the property’s northwestern corner where regional models predicted the Moss Gold Trend—known from the adjacent Moss Project owned by Gold X2 Mining Inc.—would extend into Bold’s claims. Drilling confirmed this structural extension.
Geological logging shows mineralization hosted in variably altered and brecciated intermediate volcaniclastic rocks with pyrite present in most gold intervals. Higher gold grades correlate with intense alteration and sulphide content, consistent with epithermal or mesothermal gold systems typical of the Thunder Bay region. Varied host rocks, including monzodiorite and gabbro, suggest structural complexity influencing ore distribution.
Sample Processing and Quality Control Measures
Core samples underwent stringent quality assurance and quality control protocols. Diamond sawn core was sealed and sent to AGAT Laboratories in Thunder Bay, an ISO/IEC 17025 accredited facility. Blanks and certified reference materials were inserted at 4% each, with an additional 4% duplicates analyzed to monitor lab performance and sample integrity.
Gold was analyzed using method 202-551, a 50-gram fire assay with atomic absorption spectroscopy finish. Multi-element analysis for 58 trace elements was conducted via method 201-378, employing sodium peroxide fusion with ICP-OES and ICP-MS finishes. These standard industry methods are appropriate for the mineralization styles encountered. Coleman Robertson, B.Sc., P. Geo., Vice President Exploration, reviewed and approved the technical content as the qualified person under National Instrument 43-101.
Regional Geology and Strategic Positioning
The Burchell Property lies within Ontario’s Thunder Bay region, a well-established mining district with a history of gold and base metal exploration and production. Situated along known mineralized structures and near producing mines and advanced projects, the property benefits from a prospective location within an active exploration camp. Bold Ventures’ portfolio also includes assets in Ontario’s Wawa region and claims within the Ring of Fire multi-metals district in the James Bay Lowlands.
The company’s strategic focus covers precious, battery, and critical metals exploration, reflecting global demand driven by electrification and clean energy transition. At Burchell, confirming the Moss Gold Trend alongside the new JET rare earth element system underscores the property’s potential for hosting multiple commodity types. The polymetallic 111 Zone further enhances exploration upside, positioning Burchell as a multi-target asset for ongoing systematic exploration and development.
Drilling Program Details and Coverage
The full 10-hole diamond drilling program, detailed in this release, was conducted across Burchell with emphasis on the northwestern claims where the Moss Gold Trend was anticipated to continue. The program included March 2026 work, with results from holes BL-26-05A and BL-26-06A previously disclosed on June 3, 2026. The remaining four holes complete the initial systematic evaluation of priority geochemical and geophysical targets.
Hole BL-26-07 drilled 207 metres, intersecting 0.21 g/t gold over 4.55 metres, including 0.71 g/t gold over 1.0 metre. Hole BL-26-08 returned 0.19 g/t gold over 1.05 metres and 0.16 g/t gold over 0.65 metres. Hole BL-26-10, testing intermediate volcanics and intrusive rocks, yielded 0.25 g/t gold over 0.71 metres, 0.22 g/t gold over 1.15 metres, and 0.17 g/t gold over 3.0 metres within monzodiorite. True widths remain unknown, representing a key data gap for future drilling.
Future Exploration Plans and Outlook
Bold Ventures intends to pursue follow-up exploration across the three identified mineral systems at Burchell: the Moss Gold Trend, the 111 Zone, and the JET REE system. The confirmation of the Moss Gold Trend with hole BL-26-09 provides an "anchor point" for systematic drilling along the regional structural corridor. The JET system discovery broadens exploration vectors and strategic objectives.
Management emphasized the initial program’s goal was to establish a foundation for further drilling given limited historical work and significant overburden. No specific timelines, budgets, or targets for subsequent phases were disclosed. Investors should monitor future announcements detailing the scope, locations, and timing of planned follow-up work on these Burchell targets.
Company Profile and Commodity Focus
Bold Ventures Inc., headquartered in Toronto, is a Canadian mineral exploration company with properties focused on precious, battery, and critical metals across Ontario. Their programs target copper, nickel, lead, zinc, gold, silver, platinum, palladium, and chromium. The Burchell Property is part of a broader portfolio situated in geologically prospective Ontario regions.
The company’s strategy aligns exploration targets with global demand trends driven by electrification and clean energy. Maintaining exposure to both traditional precious metals and emerging battery and critical metals positions Bold Ventures to capitalize on multiple market cycles. The demonstration of gold, polymetallic base metals, and rare earth element mineralization at Burchell exemplifies this diversified exploration approach.
