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Bold Ventures Provides Stover Gold Update
Toronto, Ontario--(Newsfile Corp. - October 29, 2018) - Bold Ventures Inc. (TSXV: BOL) ("Bold"...
About this update from Bold Ventures Inc.
[{"type":"text","content":"Bold Ventures Provides Stover Gold UpdateToronto, Ontario--(Newsfile Corp. - October 29, 2018) - Bold Ventures Inc. (TSXV: BOL) (\"Bold\" or the \"Company\") is pleased to announce the initial results of the first reconnaissance, prospecting and sampling program at its Stover Gold Project option (see Bold news release dated November 30, 2017). The property is located approximately 85 km northeast of Wawa, Ontario on the Trans-Canada Highway and is road accessible. These results relate to work that was carried out on the central and eastern portion of this very large claim group.A total of 181 samples were collected and sent to AGAT Laboratories in Thunder Bay for gold and trace element analysis. Gold (Au) assay results ranged from <2 ppb (parts per billion) up to 8.63 g/t (grams per tonne) or 8630 ppb. 77 samples returned assay values of <2ppb, 96 samples returned values ranging from 2 ppb up to 50 ppb and 8 samples returned values ranging from 50 ppb to 8.63 g/t.The results demonstrate the elevated nature of the gold content in the vicinity of the historical gold showings and has provided the company with important information about the local geology and related gold potential for planning future exploration.To date, the reconnaissance program at the Stover Gold Project has confirmed 4 areas within the central and eastern portion of the property as having high potential for gold mineralization. Additional sample results are pending analysis. Highlights of the first four high priority areas are: HighlightsKent Occurrence: Grab samples collected adjacent to the historical (1954) Kent Mines occurrence returned assay values ranging from 5 ppb Au up to 8.63 g/t Au. Local geology consists of sheared iron formation and mafic metavolcanics near the eastern margin of the Harcourt Lake granitic stock.Zone 3: Grab sampling conducted approximately 700 m NW of the historic Kent Mines Occurrence returned assay values ranging from <2 ppb Au up to 194 ppb Au. Of additional note at this location, a sample that returned 39 ppb Au also contained 30.6 g/t Ag (Silver), 215 ppm (parts per million) Cu (Copper), 3500 ppm Pb (Lead) and 80 ppm Bi (Bismuth).New Pileggi Occurrence: Grab samples collected along strike 100 m east of the historic Pileggi No. 1 trench returned assay values ranging from <2 ppb Au up to 4.21 g/t Au. Local geology co...