Core Insights - Bolt Metals Corp. has completed ground Induced Polarization (IP) surveys in five high-potential zones at its Northwind property, following a historical heliborne TDEM survey [1][2] - The analysis revealed eight primary IP axes indicating distinct polarizable anomalies, which correlate with low resistivity conductors and suggest potential gold mineralization [3][4] - The recent surge in gold prices, reaching approximately US$4,381 per ounce, enhances the economic viability of gold exploration assets, including Bolt's Northwinds project [8] Survey and Findings - The IP surveys covered 11.125 line-km across five grids, utilizing a dipole-dipole electrode array with 20 survey lines spaced 200 meters apart [2] - Eight polarizable anomalies were identified, with the most promising targets located in IPG-1, IPG-3, and IPG-4, indicating favorable conditions for gold mineralization [4] Property Details - The Northwind property consists of 53 claims covering approximately 2,986 hectares in the Urban-Barry greenstone belt of Quebec, strategically located near significant gold discoveries [5][7] - The geological composition includes diorite, pegmatitic granite, tonalite, and gneissic tonalite, with proximity to notable gold deposits [7] Strategic Initiatives - The company has entered a non-binding letter of intent to acquire a 100% interest in an iron property in Brazil, involving a payment of USD$200,000 and issuance of shares over 30 months [9][10] - A non-brokered private placement of up to $1,500,000 units is planned, with proceeds aimed at general working capital [11] Market Context - The current high gold prices lower the effective cut-off grade, improving the economics of potential gold discoveries and maximizing value per ounce [13] - The company is planning a comprehensive exploration program at the Northwinds property in 2026, capitalizing on favorable market conditions [13]