Bold Ventures: Diamond Drilling & New Discoveries in Ontario’s Ring of Fire

Key Concepts

• Bold Ventures (TSXV: B): A Canadian mineral exploration company with projects in Northern Ontario and Quebec, focused on gold and critical minerals.
• Virtual Lake Property (Birchel): A key property for Bold Ventures, currently undergoing diamond drilling following high-grade gold discoveries (up to 68 g/t).
• Ring of Fire: A mineral-rich geological formation in Northern Ontario, specifically relating to Bold Venture’s 10% interest in the Black Horse chromite deposit.
• Diamond Drilling: A core drilling technique used to obtain samples for geological analysis.
• Hydrograde Discovery: A significant gold discovery made on the Virtual Lake property, prompting the current drill program.
• Capital Raise: Recent financing rounds totaling over $1.3 million to fund exploration activities.

---

Bold Ventures: Exploration Update & Strategic Outlook – Vancouver Resource Investment Conference 2026

I. Company Overview & Current Exploration Focus

Bold Ventures, a mineral exploration company trading on the TSXV under the ticker symbol ‘B’, has been operating for two decades. Bruce McGlaughlin, President and COO, assumed leadership in August 2024. The company’s portfolio encompasses projects across Northern Ontario and one in Northern Quebec, with a focus on both gold and critical mineral properties. Currently, Bold Ventures is actively engaged in a diamond drilling campaign at its Virtual Lake property (also referred to as Birchel). This property is the primary focus of current exploration efforts.

II. Virtual Lake (Birchel) Drill Program – Objectives & Targets

The ongoing diamond drill program at Virtual Lake is a follow-up to a significant discovery made in the previous year, yielding samples containing up to 68 grams of gold per tonne (68 g/t). The primary objective of this program is to enhance the understanding of the property’s geology. The initial drill hole is strategically positioned directly beneath the trench where the high-grade discovery was made. Beyond the immediate discovery area, the program will also test two additional targets: a zone along the strike of the Moss Lake gold deposit in the northwest corner of the property, and a historical copper showing located centrally within the property boundaries.

III. Financial Resources & Accelerated Exploration

Bold Ventures has successfully secured substantial financing in recent months. A raise of just under $400,000 occurred in November, followed by over $700,000 in December, and a further $200,000 closed last week, resulting in a “reasonable amount of money in the bank.” This capital infusion is intended to accelerate exploration activities, with a goal of drilling three properties this winter: Birchel, Traxxen, and Wilcorp. The proximity of these properties and their road accessibility are expected to create logistical synergies and cost efficiencies. A new discovery was also made at Wilcorp last year.

IV. Strategic Vision for 2026 & Beyond

Looking ahead to 2026, Bold Ventures maintains a dual focus: continued project generation and potential development towards establishing resources of significant scale. The company actively seeks engagement with local prospectors in the Thunder Bay and Northwestern Ontario regions, as well as collaborations with other companies operating in the area. A potentially pivotal development for Bold Ventures is the anticipated commencement of road construction into the Ring of Fire, where the company holds a 10% interest in the Black Horse chromite deposit.

V. The Ring of Fire & Infrastructure Development

Construction of the road into the Ring of Fire is projected to begin as early as June of this year. This infrastructure project is considered crucial for unlocking the potential of the region’s mineral resources, including Bold Venture’s Black Horse chromite deposit. Bruce McGlaughlin, having previously worked for Noront Resources during the initial discovery of the Ring of Fire 20 years ago, emphasized the significance of the collaborative efforts between governments to facilitate this long-awaited infrastructure development.

VI. Ontario as a Mining Jurisdiction

Ontario is described as a “hot jurisdiction” for mining investment. The company noted significant interest in the Ring of Fire during their participation in the Minds and Money Show in London, England in December, indicating a growing awareness and enthusiasm for the region’s potential.

VII. Technical Terms & Definitions

• TSXV: The Toronto Stock Venture Exchange, a Canadian stock exchange for emerging companies.
• g/t (grams per tonne): A unit of concentration used to express the grade of precious metals in ore.
• Diamond Drilling: A drilling technique using a rotating drill bit with industrial diamonds to cut through rock, producing a cylindrical core sample for geological analysis.
• Chromite: An iron oxide mineral that is the main source of chromium.
• Hydrograde: Refers to a high-grade mineral concentration, in this case, gold.

Conclusion

Bold Ventures is actively advancing its exploration portfolio in Northern Ontario and Quebec, with a strong focus on unlocking the potential of its Virtual Lake property and capitalizing on the anticipated infrastructure development in the Ring of Fire. Recent financing rounds have provided the company with the resources to accelerate drilling programs and pursue strategic partnerships, positioning it for potential growth and value creation in the coming years. The company’s commitment to exploration, coupled with the favorable mining environment in Ontario, suggests a positive outlook for Bold Ventures.