Bold Ventures hits High-Grade Gold at New 111 Zone on Burchell Property, near Wawa
By Kevin Vincent
Bold Ventures Inc. has announced exceptional grab sample results from its newly identified 111 (“one-eleven”) Zone at the Burchell Gold and Copper Property in Ontario. The latest assays, collected during a follow-up sampling program in December 2024, returned gold values ranging from 10 ppb to a remarkable 68,000 ppb (68 g/t or 2.2 oz/t Au). This follows a November sampling campaign, which yielded values up to 56.9 g/t Au.
John Harvey, Executive Chairman, commented:
“The discovery of the 111 Zone highlights the untapped potential of the Burchell property. With these high-grade results, we are poised to advance our exploration efforts significantly in 2025, targeting a robust understanding of the zone’s extent and potential resource development.”
Details of the 111 Zone Discovery
The high-grade sample, which returned 68 g/t Au, was collected approximately 3 meters north of the earlier 56.9 g/t Au sample. The zone is characterized by:
• Geology: Strongly sheared, silicified, sericitized tuffaceous mafic to intermediate volcanics with up to 5% disseminated pyrite.
• Visible Gold: Fine specks of visible gold were noted in the highest-grade sample.
• Alteration Zone: The mineralization is within a broad (>100 m wide) alteration zone coinciding with a prominent magnetic low.
• Dimensions: Limited exposure suggests the east-northeast-trending zone is at least 3 meters wide in outcrop, with gold anomalies open in all directions.
The 111 Zone appears to have seen no prior exploration beyond Bold’s limited prospecting, making it a fresh and promising target for 2025.
Next Steps
Bold plans to advance its understanding of the 111 Zone through:
• Backhoe Stripping: To expose additional outcrop and ascertain the zone’s full width.
• Mapping and Sampling: To refine geological models.
• Prospecting and Soil Sampling: Along the zone’s strike extensions to the southwest and northeast.
These activities will form part of a broader exploration program during the 2025 field season, aimed at delineating additional high-grade mineralization.
Strategic Focus on Battery, Critical, and Precious Metals
Bold Ventures continues to position itself as a key player in exploring for metals critical to the electrification and clean energy transition. Its projects span copper, nickel, lead, zinc, gold, silver, platinum, palladium, and chromium, aligning with both provincial and federal electrification strategies.
About Bold Ventures Inc.
Bold Ventures is an exploration company focused on precious, battery, and critical metals across Canada. The company holds properties in Ontario’s Thunder Bay and Wawa regions and significant assets in the emerging Ring of Fire multi-metals district in Northern Ontario.
This latest discovery at the 111 Zone exemplifies Bold’s commitment to unlocking value across its diverse portfolio while contributing to the growing demand for critical minerals.
Tags: Northern Ontario / Exploration / Gold / All Articles