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Bold Ventures Commences Airborne Survey Interpretation and provides Update on Farwell Gold and Base Metals Property
TORONTO, ON / ACCESSWIRE / June 1, 2020 / Bold Ventures Inc. (TSXV:BOL) (the "Company" or "B...
About this update from Bold Ventures Inc.
[{"type":"text","content":"Bold Ventures Commences Airborne Survey Interpretation and provides Update on Farwell Gold and Base Metals PropertyTORONTO, ON / ACCESSWIRE / June 1, 2020 / Bold Ventures Inc. (TSXV:BOL) (the \"Company\" or \"Bold\") is pleased to announce that the Company's geophysical consultants, Scott Hogg and Associates Ltd., have commenced an interpretation of the Wawa area airborne electromagnetic and magnetic geophysical survey covering the Farwell Gold and Base Metals Project. The survey was carried out by Dighem Ltd. and released in 1987. When combined with the historical information and database compiled by Bold's exploration team, the survey interpretation will assist in finalizing plans for the 2020 exploration campaign.The Farwell Property is located approximately 55 km northwest of Wawa, Ontario. The claims are road accessible via the Paint Lake Rd. (Eagle River Mine service road) and consist of 103 Cell claims, 6 Multi-Cell claims and 6 Boundary claims comprising approximately 7,770 ha or 19,200 acres. Wesdome Gold Mines Mishi Open Pit operation and the Magnacon Mill, both part of the larger Eagle River Complex that includes the Eagle River underground gold mine, lie 5 km south of the Farwell claim group. The Eagle River Mine is situated approximately 25 km to the south of the subject claims.The claims are host to several gold and base metal anomalies and occurrences that have yet to be fully explored. The latest recorded exploration work on the property occurred in 2009. For additional project information please visit the Bold website www.boldventuresinc.com and select the Farwell, Ontario Project Details (See Bold news releases dated March 26, 2020 and April 30, 2020).A preliminary interpretation of the property geology has identified three areas within the claim group to focus the exploration effort. For ease of reference they have been designated as:The Tundra Gold Horizon (TGH)The TGH consists of a sulphide facies iron formation hosted by sheared, highly siliceous, mafic metavolcanic schist. Grab samples collected by Tundra Gold Mines graded up to 7.5 g/t Au, 1.58% Cu and 19.9 g/t Ag (Campbell 2010). The high coincident EM and magnetic anomalies observed from the 1987 OGS airborne survey extending from the Tundra Gold Au-Cu Occurrence west through the Conductor ‘B' showing and the Brown Lake Occurrence host significan...