Bold Ventures Commences Summer Fieldwork at Burchell, Follows up at 111 Zone and JET Rare Earth Element System

Bold Ventures Inc. has initiated summer fieldwork at its Burchell Project, located 100 kilometers west of Thunder Bay, Ontario, marking the next phase of exploration following a successful winter drilling campaign. The company is focusing on two primary target areas: the 111 Zone, which hosts gold and base metals mineralization, and the newly discovered JET REE Zone within the Hermia Pluton, which has revealed a significant rare earth element system.

The winter 2026 drilling program delivered notable results at both zones. At the 111 Zone, hole BL-26-01 intersected 0.42 g/t gold over 19.0 meters, 0.33% zinc over 19.0 meters, and 0.18% copper over 9.0 meters. More significantly, the JET REE Zone discovery in hole BL-26-05a averaged 1,022 ppm Total Rare Earth Oxides (TREO) over 55.2 meters, representing a substantial rare earth element system within the Hermia Pluton.

The current summer program combines systematic geological mapping, prospecting, and sampling with advanced geophysical, geochemical, and mineralogical studies to optimize the next drilling phase. The field team is conducting detailed work along the 111 Zone trend, particularly focusing on prospective geological contact zones and areas with identified gold anomalies extending southwest toward the property boundary with Gold X2 Mining's Moss Project. Concurrently, exploration within the Hermia Pluton is targeting outcrops previously mapped by the Ontario Geological Survey to better understand the rare earth element system's extent and controls.

This discovery positions Bold Ventures strategically within the critical minerals sector, as rare earth elements are essential for renewable energy technologies, electric vehicles, and defense applications. The combination of precious metals potential at the 111 Zone and the rare earth discovery at the JET Zone creates a compelling multi-commodity exploration story. The company's systematic approach to integrating multiple datasets before finalizing its next drilling program demonstrates disciplined exploration methodology that could maximize the effectiveness of future resource definition efforts.