Click here to close now.




















Welcome!

News Feed Item

Bold Ventures Inc. and KWG Resources Inc.: Black Horse Drilling Update

TORONTO, ONTARIO -- (Marketwired) -- 03/27/14 -- Bold Ventures Inc. (TSX VENTURE: BOL) ("Bold") and KWG Resources Inc. (TSX VENTURE: KWG) ("KWG") are pleased to report that the 5,000 metre drilling program which commenced January 18th has been completed. The program met its objective of extending the Black Horse chromite deposit to depth.

A total of six holes were drilled during the program: three on the Black Horse deposit and three on an untested gravity anomaly known as the C-6 target, one kilometer northeast of the Black Horse. It should be noted that further work, at depth, in the vicinity of the C-6 target remains to be accomplished in order to adequately test the nickel potential in this vicinity.

FN-14-038, the first hole at the C-6 target was drilled south to north and intersected low grade chromite mineralization from 73.77 metres to 107.20 metres totalling 33.4 metres (109.7 ft). Chromite was also intersected closer to surface in highly sheared rock with low core recovery. The hole was terminated in granite.

A second hole, FN-14-039, was collared 100 metres (328 ft) to the south, and drilled north underneath hole FN-14-038. After passing through some volcanic rock, the hole intersected a major shear zone from 116 to 265 metres for a total interval of 149 metres (488.7 ft), with abundant quartz-carbonate veining and trace sulphides. This is the northeastern extension of the JJJ zone first recognized on the Noront property where it contains elevated gold values, and which was drilled through many times during the 2013 Black Horse drilling campaign. Beyond the shear zone, the hole intersected pyroxenite with minor chromite and was also terminated in granite.

The third hole at the C-6 target, FN-14-041, was collared 105 metres (344.4 ft) to the east. It encountered the JJJ shear zone from 71.5 metres to 175.5 metres totalling 104 metres (341.1 ft) which was followed by pyroxenite to the end of the hole at 365 metres (1197.2 ft). The pyroxenite in this hole is not that of the east-west oriented Ring of Fire intrusion, but is rather a north-south dyke discernible from its faint gravity anomaly with a coincidental magnetic high that could be interpreted to be a feeder dyke to the Ring of Fire intrusion.

The objective of drilling the Black Horse chromite deposit was to expand the inferred resource category to depth. Three holes were completed:

FN-14-040 is a 1233 metre (4044.2 ft) hole in the central portion, southwest of the deep intercept of hole FN-10-026 drilled by Fancamp Exploration Ltd. in 2011; FN-14-042C is a 1131 metre (3709.7 ft) hole drilled near the western claim boundary; and FN-14-043 is an 850 metre (2788 ft) hole that targeted, at a shallower depth, the midpoint between the other two holes. All three holes intersected chromite mineralization:

Hole FN-14-040 intersected chromite mineralization from 1041.67 metres to 1181.47 metres totalling 139.8 metres (358.6 ft), including a massive to semi-massive interval from 1099.5 metres to 1181.47 metres for a total interval of 82.0 metres (269.0 ft);

Hole FN-14-042C encountered chromite from 903.7 metres to 1070.96 metres totalling 167.3 metres (548.8 ft) containing mixed massive, semi-massive, and heavily disseminated intervals;

Hole FN-14-043 intersected heavily disseminated semi-massive and massive chromite from 712.59 metres to 800.52 metres for an interval of 87.93 metres (288.4 ft) including a massive unit from 756.25 metres to 790.06 metres for an interval of 33.81 metres (111 ft).

True widths of the intervals quoted in this release are not discernable at the present time. The core has been sampled and submitted to Actlabs, Thunder Bay for assay. The data from the assays will be added to the inferred resource estimate model with a view to updating the resource estimate.

M. J. (Moe) Lavigne, P. Geo., Vice-President of Exploration & Development for KWG, is the Qualified Person that has reviewed and approved the contents of this release.

About Bold Ventures:

Bold has interests in various mineral properties located in and around the Ring of Fire Area of Northern Ontario and in the Atikokan area of Northwestern Ontario. Additionally, Bold is exploring five base and precious metals properties in the Abitibi Greenstone belt of Northwestern Quebec.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite occurrence where inferred resources have been defined. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

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.

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
"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.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
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,...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
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...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.