Business
Bold Ventures and Marten Falls First Nation Sign Memorandum of Understanding
TORONTO, ONTARIO--(Marketwired - June 12, 2017) - Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold") or ("the Company") and Marten Falls First Nation ("Marten Falls"
About this update from Bold Ventures Inc.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - June 12, 2017) - Bold Ventures Inc. (TSX VENTURE:BOL) (\"Bold\") or (\"the Company\") and Marten Falls First Nation (\"Marten Falls\") or (\"the First Nation\") are pleased to announce the signing of a Memorandum of Understanding (\"MOU\") that outlines the values that both the First Nation and the Company will uphold in their relationship. This agreement provides the frame of reference and guidance for both the Company and the First Nation regarding exploration and development work within the Marten Falls First Nation traditional lands. The MOU provides for benefits to the First Nation in the area of jobs and economic development while providing for responsible environmental stewardship. Chief Bruce Achneepineskum states that, \"This MOU demonstrates that a responsible and healthy relationship can be developed in the mineral exploration sector. Bold Ventures management team and the Marten Falls First Nation have had a respectful and trustworthy association since the early days of the 'Ring of Fire' discoveries. We are hoping that Bold's success, as a company exploring on our traditional lands, will be our success. Marten Falls will continue to develop additional agreements with Bold to build on this agreement.\" Richard Nemis states that, \"Our partnership with Marten Falls has been a valuable one in supporting our activities in the past. It's gratifying to realize that our group has had a mutually beneficial relationship with Marten Falls First Nation for over a decade. We look forward to the future with a very positive view.\" About Bold Bold Ventures works in Ontario and Québec. In Ontario, Bold and its subsidiary Rencore Resources Ltd. have extensive holdings comprised of over 18 claim groups in and around the Ring of Fire area of the James Bay Lowlands. The company has also earned a 10% carried interest in the Black Horse Project (formerly the Koper Lake Project) centrally located within the Ring of Fire and directly adjacent to the Eagles Nest nickel-copper massive sulphide deposit currently in the permitting stage (see Bold news release dated October 14, 2016). Bold has the option to earn a 100% interest in the Wilcorp gold property (subject to a 1% NSR) located approximately 14 km east of the town of Atikokan in Northwestern Ontario. In Québec, Bold's primary focus has been on two projec...