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Bold Ventures and Northern Superior Announce Amber Drilling Results - Discover New Gold Bearing Trend, Lac Surprise Property, West-Central Quebec
TORONTO, ONTARIO--(Marketwired - July 11, 2016) - Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold") and Northern Superior Resources Inc. (TSX VENTURE:SUP) ("Norther
About this update from Bold Ventures Inc.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - July 11, 2016) - Bold Ventures Inc. (TSX VENTURE:BOL) (\"Bold\") and Northern Superior Resources Inc. (TSX VENTURE:SUP) (\"Northern Superior\") are pleased to announce the results of the Amber Zone drilling program on the Lac Surprise gold property, west-central Québec. The program consisted of over 1,700m of drilling in 12 diamond drill holes. The drilling program focused on the recently discovered Amber showing where encouraging gold assay values from grab samples (ranging from 0.81 to 28.6 g/t Au) and channel samples (0.02 up to 10 g/t Au over 1 m, including 26.1 g/t Au over 0.5 m) were reported (see press release, February 17, 2015). The Amber showing is one of seven new gold showings discovered on the Lac Surprise property during the successful 2014 prospecting and trenching programs. In June of 2015, soil sampling and Frequency Domain Induced Polarization surveys were carried out in the vicinity of the Amber Zone gold showing. As a result, three anomalous, generally east-west IP high-chargeability trends were delineated: 1) the South Trend, associated with the Amber Gold showings; 2) the Central Trend, approximately 500m north of the Southern Trend; and 3) the North Trend located approximately 500m north of the Central Trend. The goal of this initial phase of drilling was to: Test the most promising IP/Au-in-soil trends, which were grouped into the South, Central and North Trends; Intersect and determine the nature of high grade Au results (28.6 g/t Au in a grab sample and 26.1 g/t Au/0.5 m in a channel sample) at the Amber Showing in Trench AZT-1; Test the results in other areas of trenching, where mapping and sampling revealed highly sheared and fractured areas with concentrations of quartz-carbonate veining and sulphides, and highly anomalous Au grades. The drill program was deemed a significant success by establishing: That IP chargeability highs coincident with Au-in-soil anomalies are good indications of underlying gold mineralization and provide a reliable exploration tool to generate targets for future drilling programs; That the gold-bearing feldspar porphyry (Amber Showing) in the South Trend which yielded high grade Au results in grab and channel samples continues at depth and has a lateral extent that has yet to be determined; The final drill hole (BA-16-12) of the program disco...