Bold Ventures (TSXV: BOL) has kicked off a three-target winter drill campaign about two hours west of Thunder Bay, Ontario, betting a new Burchell discovery and follow-up drilling at Wilcorp and Traxxin will deliver results.
The campaign started at Burchell, where the 111 Zone returned grab samples of up to 68 grams gold late last year. Bold had completed four holes totalling more than 700 metres there before moving the rig to Wilcorp, where a new showing on an untested trend returned 4.3 grams gold, 1.8% copper and 8.9 oz. silver. Traxxin adds a more advanced gold target, with drilling from 2021 returning 3.9 grams gold over 12.3 metres, including 6.2 grams over 4.9 metres.
“Ultimately, we’re not going to mine them,” President and COO Bruce MacLachlan told The Northern Miner anchor Devan Murugan during last week’s PDAC conference in Toronto. “We would sell them or option them to a more senior company”.
That prospect-generator model works best when costs stay low and news keeps coming, MacLachlan said. The three properties sit off Highway 11 and can be reached by road or logging track, trimming drilling costs for a junior that also holds a vested 10% carried interest in the Black Horse chromite deposit at Koper Lake in the Ring of Fire region.
Watch the full interview below:
The preceding Joint Venture Article is PROMOTED CONTENT sponsored by Bold Ventures and produced in co-operation with The Northern Miner. Visit: https://www.boldventuresinc.com/ for more information.
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