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Bold Ventures Reports Drill Results at Traxxin Gold Project - Receives Farwell Exploration Permit
TORONTO, ON / ACCESSWIRE / April 12, 2021 / Bold Ventures Inc. (TSXV:BOL) (the " Company " o...
About this update from Bold Ventures Inc.
[{"type":"text","content":"Bold Ventures Reports Drill Results at Traxxin Gold Project - Receives Farwell Exploration PermitTORONTO, ON / ACCESSWIRE / April 12, 2021 / Bold Ventures Inc. (TSXV:BOL) (the \"Company\" or \"Bold\") is pleased to report the results of its initial diamond drilling program at the Traxxin Gold Property. Consisting of 4 holes (BV-21-01 to 04) totaling 745 m, the goal of the program was to test the structure and gold mineralization below or down-dip from the known historical Main Zone defined by drilling in 2017 and 2018. Hole BV-21-04 intersected a prominent 12 m long shear zone (Traxxin Shear Zone) hosting brecciated quartz vein material, intense chlorite-sericite alteration and silicification. Assay results within this zone ranged from 0.61 g/t Au to 15.0 g/t Au.Hole BV-21-01 hosts multiple shear zones with intervals ranging from <0.5 m up to 10 m consisting of intense chlorite-sericite alteration and quartz-carbonate breccia. Assay values from this hole ranged from <0.002 g/t Au to 9.87 g/t Au.The Traxxin Shear Zone was intersected in holes BV-21-02 and BV-21-03, with intervals ranging from 3 m to 8.5 m, respectively. The zone is characterized by strongly to intensely sheared and boudined diorite and quartz veining, exhibiting moderate to strong chlorite-sericite alteration.Assay results from the target shear zone vary from <0.002 g/t Au to 0.92 g/t Au.Winter 2021 Drill Hole HighlightsBold Ventures Traxxin Drill HolesFrom(m)To(m)Interval(m)Grade(Au g/t)BV-21-01100.07101.121.055.46Incl100.07100.640.579.87 103.50104.501.000.87 115.00116.001.000.53 120.40120.890.493.34 125.00127.162.160.54incl125.60126.130.531.33 129.58131.592.013.87incl130.65131.590.947.38BV-21-02204.30205.000.700.12 206.96207.300.340.13BV-21-0318.1819.000.820.43 170.33171.070.740.92BV-21-04119.35131.6412.293.57Incl119.35120.250.915.0Incl122.55123.280.7310.5incl119.35124.234.886.13incl121.82124.232.416.17incl127131.644.642.65incl12713033.26 152.381530.625.83 Traxxin Property Drill Hole DataDrill HoleLocationAzimuthDipBV-21-01UTM Zone 15654085E, 5412570N115°-55°BV-21-02UTM Zone 15654070E, 5412600N115°-70°BV-21-03UTM Zone 15654060E, 5412560N115°-65°BV-21-04UTM Zone 15654101E, 5412604N115°-65°Bold President and CEO David Graham commented that \"Hole 4 is of particular interest as the 12 m long intersection grading 3.5...