Toronto, Ontario--(Newsfile Corp. - June 25, 2026) - Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce the intersection of high-grade gold mineralization in diamond drilling at its Traxxin Project (the "Project" or the "Property"), located 130 km west-northwest of Thunder Bay, Ontario. Hole TX-26-02 returned 100.7 g/t (3.2 oz/t) gold over 2.95 meters, including 476 g/t (15.3 oz/t) gold over 0.6 meters, from a quartz vein with visible gold along the east side of the Traxxin Main Zone (the "Main Zone" or the "Zone"). Hole TX-26-02 is collared further east of previous drilling and represents the shallowest drilling of the gold-bearing vein to date. The strike extension of this vein also appears to be under-tested by previous diamond drilling and therefore provides a compelling target for follow-up work. Further enhancing the east side potential of the Zone is the discovery of an additional shear-fracture zone with quartz veinlets which returned anomalous gold values further downhole in TX-26-02. This is the first direct evidence of a parallel zone east of the Main Zone, which was previously postulated due to conductive trends identified from a past I.P. survey further south. Past soil sampling also supports the hypothesis that there may be a bias in gold mineralization towards the eastern side of the Zone. Mechanical stripping along the gold-bearing vein as well as tighter drilling on the east side of the Zone and targeting the eastern shear zone will be a priority for follow-up work. See Figure 1 for locations of 2026 drill collars relative to past work.
Bruce MacLachlan, President and COO of Bold, stated: "These are the highest-grade results obtained in diamond drilling at the Traxxin Main Zone to date, with the best visible gold since the original discovery in 2016. We have identified a coherent high-grade zone within the broader mineralized shear zone which is worthy of detailed follow-up work, and the discovery of a possible parallel zone to the east expands the potential of this already robust system."
Spring 2026 Diamond Drilling Program
The Spring 2026 diamond drilling program at the Traxxin Main Zone consisted of two holes totalling 483 meters. Hole TX-26-01 was designed as a step-back hole from 2021 drillhole BV-21-04 which yielded 3.6 g/t Au over 12.3 meters. Results from TX-26-01 are pending. Hole TX-26-02 intersected the Main Zone from 3.0 to 34.48 m, which included barren quartz veining from 3.0 to 15.3 m followed by several gold-bearing intervals outlined in Table 2. A shear-fracture zone was also identified further downhole from 62.88 to 66.06 meters, following a fractured zone in the tonalite-granodiorite from 56.1 meters. Gold anomalies from 40 to 157 ppb Au were obtained in this shear-fracture zone from 62.0 to 64.66 m. This is the first direct evidence of a parallel shear zone with gold anomalies east of the Main Zone.