Bold Ventures Signs Agreement to Acquire 6 Key Claims Contiguous to its Joutel Property, Quebec

Core Viewpoint - Bold Ventures Inc. has signed a Vending Agreement to acquire 6 additional mining claims adjacent to its Joutel Property, enhancing its exploration potential for various metals including Nickel, Copper, Zinc, Gold, and Silver [1][2] Company Overview - Bold Ventures Inc. focuses on exploring Precious, Battery, and Critical Metals in Canada, particularly in active gold and battery metals regions [11] - The company is involved in properties located in the Thunder Bay and Wawa regions of Ontario, as well as the emerging multi-metals district known as the Ring of Fire in Northern Ontario [11] Transaction Details - The acquisition involves the issuance of 750,000 common shares to 2099840 Ontario Inc. (EGS), a related party controlled by insiders of Bold [1][2] - The transaction is subject to approval from the TSX Venture Exchange and is exempt from certain valuation and minority shareholder approval requirements due to its fair market value being below 25% of Bold's market capitalization [2] Exploration Potential - The additional claims cover geophysical anomalies identified in a 2012 VTEM survey, which indicated significant historical drill results, including 0.83% Nickel over 3.7 meters and 0.51 g/t Gold over 3.05 meters [1][6] - The consolidated land package will consist of 58 claims covering 3,217 hectares, with plans for a ground geophysical survey to better define the anomalies before drilling [2][6] Historical Context - The Joutel Property has a history of exploration, with previous work conducted by Bold in 2012, which identified several anomalies associated with known mineralization [6][7] - The area has known deposits within 11 kilometers, including the past-producing Joutel gold mine and other base metal deposits [7]