Bold Ventures Announces OJEP Grant Approval for its Burchell Base and Precious Metals Project

Bold Ventures Inc. announced approval for a CAD $212,500 grant from the Ontario Junior Exploration Program (OJEP) for its Burchell Base and Precious Metals Project, positioned 100 km west of Thunder Bay, Ontario. The funding was part of a broader provincial initiative announced by Ontario Minister of Energy and Mines Stephen Lecce, which allocated CAD $10 million across 68 mining exploration companies to support early-stage exploration activities.

The company has recently completed a second phase of drilling at the Burchell Project, focusing on the northwest corner of the property where the Moss Trend is interpreted to pass through. This area generated significant interest following the discovery of numerous gold, copper and molybdenum soil anomalies identified in the previous year's exploration program. The Phase II drilling program consisted of 6 holes totaling more than 800 meters, which are currently being logged and prepared for sampling.

The OJEP grant represents non-dilutive financing that will enable Bold Ventures to conduct more extensive testing of its prospective targets. Company President and COO Bruce MacLachlan emphasized the importance of government support for early-stage exploration, noting that such initiatives are essential for discovering future mining operations. The funding arrives at a strategic time as the company continues to evaluate results from its recent drilling activities.

Bold Ventures maintains a diversified portfolio targeting battery, critical and precious metals, with commodity focus including copper, nickel, lead, zinc, gold, silver, platinum, palladium and chromium. The company's exploration assets are strategically located in established mining camps within the Thunder Bay and Wawa regions of Ontario, as well as the emerging Ring of Fire district in Northern Ontario's James Bay Lowlands, positioning it well to capitalize on growing demand for critical minerals in the electrification economy.