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
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
We all know that end users experience the internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices - not doing so will be a path to eventual ...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...