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Bold Ventures Provides Update of Farwell Gold and Base Metals Project - Retains Investor Relations Consultant and Grants Options
TORONTO, ON / ACCESSWIRE / November 12, 2020 / Bold Ventures Inc. (TSXV: BOL ) (the " Compan...
About this update from Bold Ventures Inc.
[{"type":"text","content":"Bold Ventures Provides Update of Farwell Gold and Base Metals Project - Retains Investor Relations Consultant and Grants OptionsTORONTO, ON / ACCESSWIRE / November 12, 2020 / Bold Ventures Inc. (TSXV:BOL) (the \"Company\" or \"Bold\") is pleased to announce the results of the Company's initial exploration work on the Farwell Gold and Base Metal property located north of Wawa, Ontario. Prospecting and sampling was successful in locating key historical occurrences and previously undocumented mineralized shear zones in the 3 key areas of interest on the property. These include the eastern Tundra Gold Horizon (TGH), the central Farwell Sulphide Zone (FSZ) and the western Koala Gold Area (KGA). These Key Areas are displayed on the Bedrock Geology and Mineral Compilation Map located on the Farwell, Ontario, Gold and Base Metals Project page at www.boldventuresinc.com.A total of 102 samples were collected from the 3 Key Areas of interest across the property and submitted to AGAT Laboratories in Thunder Bay for gold and trace element geochemical analysis.Tundra Gold Horizon (TGH)A total of 33 grab samples were collected in the eastern TGH and submitted for analysis. Gold values ranged from < 2 ppb Au to 253 ppb Au with associated anomalous silver ranging from 0.1 g/t Ag to 9.28 g/t Ag. Copper values up to .58% Cu and zinc values up to .23% Zn were also recorded.The Farwell Sulphide Zone (FSZ)A total of 39 samples were collected in the central FSZ, centered on the historical Bibis and Burrex copper showings. Three samples returned assay results of 1.7% Cu, 3.99% Cu and 6.62% Cu. Again, a direct association with the silver content was noted with values ranging from 4.41 g/t Ag to 25.2 g/t Ag respectively. Gold values ranged from < 2 ppb Au to 53 ppb Au.The Koala Gold Area (KGA)A total of 30 samples were collected from the western KGA with gold assay results ranging from < 2 ppb Au to 284 ppb Au and copper values ranging from 1.7 ppm Cu to 666 ppm Cu.The Company is pleased with the ubiquitous nature of the anomalous copper, gold, silver, zinc and lead that indicate potential for Volcanogenic Massive Sulphide (VMS) type mineralization. Combined with the anomalous gold values that persist along the 2.5 km long magnetic signature that is interpreted to be an extension of the Iron Lake deformation zone, the VMS potential of the proper...