Click here to close now.




















Welcome!

News Feed Item

Bold Ventures Identifies Gold and Base Metal Potential on the Lac Blondel and Lac Grasset Projects in the Abitibi Greenstone Belt-Diamond Drill Program Recommended

TORONTO, ONTARIO -- (Marketwire) -- 11/27/12 -- Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold" or the "Company") is pleased to report the results of the recently completed geological data compilation report relating to two of the Company's four projects located in the prolific Abitibi Greenstone Belt of Northwestern Quebec. Both of the projects were acquired by staking in areas that Bold management deemed to be prospective for base and precious metals due to the geological environment and location with respect to recent and historical discoveries. Bold Ventures employs new technology over areas that have seen little recent exploration work in hopes of locating previously unrecognized mineral deposits. The compilation work was carried out by Mr. Robert J. Tremblay, P.Geo., a member of the Quebec Order of Geologists and a Fellow of the Geological Association of Canada.

Bold management views the Quebec mineral exploration sector to be an advantageous locale for carrying out mineral exploration for base and precious metals. The investment incentives and industry infrastructure provide a favourable work environment.

Lac Blondel Project

The Lac Blondel property that straddles Orvilliers and Montgolfier Townships is located in the northern part of the Abitibi Greenstone Belt of north-western Quebec. The property comprises 3,793 hectares (9,368 acres) that make up a property that is almost 14 km in length and between 2 and 4 km in width. The mining town of Matagami lies 60 km due east of the property.

The compilation of historical diamond drilling, geological data and structural interpretation of local and regional geology has led to the identification of 20 areas of interest for gold and six areas of interest for base metals all located within the property. The most prominent regional tectonic feature found within the property is the Turgeon regional deformation zone that traverses the property and splits into two shear zones which have been designated as the Lac Longpre and the Lac Blondel shear zones. The Turgeon deformation zone lies sub-parallel to the Casa-Berardi regional deformation zone which passes within 1.0 km of the property's southern boundary.

The Turgeon and Casa-Berardi deformation zones share many common characteristics including similar rock types, strong shearing, alteration, and formational graphitic and/or sulphide rich conductors that also occur within the Lac Blondel property. The Casa Berardi Deformation Zone is host to numerous gold showings and the Casa Berardi Gold Mine as well as the Estrades Copper-Zinc-gold-silver Mine.

There has been very limited work on the property itself over the last 25 years.

As a result of this study and additional claim acquisitions an airborne VTEM electromagnetic and magnetic geophysical survey was carried out to finalize and detail the property coverage and refine the proposed drill targets. A first pass, 17 hole, 3500 metre diamond drilling program is recommended to test the various base and precious metal targets identified within the property.

Lac Grasset Project

The Lac Grasset property spans six townships including Daniel, Grasset, La Gauchetiere, La Perouse, Ste-Helene and Subercase. This property that is made up of 246 mining claims comprising 13,641 hectares (33,709 acres) is well located within the northern part of the Abitibi Greenstone Belt of Northwestern Quebec. Varying in width up to 9 km and approximately 20 km in length, the claim group is located approximately 30 km west-northwest of the mining town of Mattagami Quebec.

The results of studying historical drilling, geological data bases, structural interpretations and airborne geophysical reports indicate that the property has a number of areas of focus for both base and precious metal mineralization. Four areas with potential for gold mineralization, one area with base metal potential and three areas with Platinum Group Element potential have been identified. The Grasset Deformation Zone, which hosts numerous gold occurrences to the west of the property, traverses the northeast part of the property for a strike length of approximately 5 km and presents a prime exploration target. The Grasset Deformation zone is host to many of the gold occurrences on the neighbouring Balmoral Resources Ltd. property.

As a result of this compilation work and as an extension to the 2011 VTEM survey a recently completed VTEM airborne electromagnetic and magnetic geophysical survey was carried out to extend and detail the 2011 survey and Mr. Tremblay's findings. An initial program of seven diamond drill holes for over 2,000 metres of drilling has been recommended. Additional follow up work will depend on the results of the first phase drilling program.

Mr. Robert J. Tremblay, P. Geo., a professional geologist, has reviewed and approved the technical content of the information contained in this release and qualifies under the definition of "Qualified Person" set out in National Instrument 43-101.

Richard E. Nemis, President and Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Bold Ventures Inc.
Richard E. Nemis
President and Chief Executive Officer
416 864 1456
416 864 1443 (FAX)
www.boldventuresinc.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Palerra, the cloud security automation company, announced enhanced support for Amazon AWS, allowing IT security and DevOps teams to automate activity and configuration monitoring, anomaly detection, and orchestrated remediation, thereby meeting compliance mandates within complex infrastructure deployments. "Monitoring and threat detection for AWS is a non-trivial task. While Amazon's flexible environment facilitates successful DevOps implementations, it adds another layer, which can become a ...
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, S...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Delphix, the market leader in Data as a Service (DaaS), has been announced winner of the DevOps Solution Award at the prestigious Computing Vendor Excellence Awards in London. The awards celebrate the achievements of the technology vendors and service providers that are leading the field of enterprise IT. Delphix was recognised as the vendor demonstrating the most effective support of DevOps culture for its ability to improve time to market and collaboration between teams.
"Our biggest growth area has been the security services, the managed services - the things that differentiate us in the market that there is no client that's too small and there's no client that's too big," explained Paul Mazzucco, Chief Security Officer at TierPoint, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Sysdig has announced two significant milestones in its mission to bring infrastructure and application monitoring to the world of containers and microservices: a $10.7 million Series A funding led by Accel and Bain Capital Ventures (BCV); and the general availability of Sysdig Cloud, the first monitoring, alerting, and troubleshooting platform specializing in container visibility, which is already used by more than 30 enterprise customers. The funding will be used to drive adoption of Sysdig Clo...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
"We do data integration for B2B also application to application, and we do data management and enable Big Data," explained Pat Adamiak, Vice President, Product Marketing at Liaison Technologies, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
"We specialize in testing. DevOps is all about continuous delivery and accelerating the delivery pipeline and there is no continuous delivery without testing," noted Marc Hornbeek, Sr. Solutions Architect at Spirent Communications, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.