Mr. David Graham reports
BOLD VENTURES SAMPLES HIGH GRADE GOLD AT TRAXXIN HIGHLIGHTS RING OF FIRE PROGRESS
Bold Ventures Inc. has released preliminary results of the fall channel sampling program at its Traxxin project located 130 kilometres west-northwest of Thunder Bay, Ont., and has provided an update on Ring of Fire progress.
Mechanical stripping and channel sampling at the Traxxin Main zone focused on the up-dip projection of a mineralized quartz vein intersected in hole TX-26-02 earlier this year, which returned 100.7 grams per tonne gold over 2.95 metres, announced in a Bold news release dated June 25, 2026. Gold results for 30 channel samples have now been received from the laboratory, ranging from nine to 24,800 parts per billion gold (0.009 to 24.8 g/t), with six samples returning greater than five g/t gold and 11 samples returning greater than one g/t gold. These results include the highest gold values in channel sampling to date at the Traxxin Main zone, as well as the densest concentration of anomalous gold values in channel samples to date. This supports the Bold technical team's hypothesis that the eastern side of the more than 20-metre-wide Traxxin shear zone may be particularly enriched in gold mineralization. Full channel sample results are provided in Table 1 (announced in a Bold news release dated Jan. 12, 2022).
Additional mechanical stripping and channel sampling has been carried out along strike from the gold-bearing vein along the eastern edge of the Traxxin Main zone, with results from 84 additional channel samples pending.
Bruce MacLachlan, president and chief operating officer of Bold, stated: "The program's success reflects the company's evolving understanding of the Traxxin gold system, and final channel sampling results should greatly aid in targeting the upcoming drilling."
Ring of Fire news
The company is also pleased to draw attention to recent developments regarding the Ring of Fire, Ontario, where Bold holds mineral rights including a 10-per-cent carried interest in the Black Horse chromite deposit (for more information, please refer to the Ring of Fire page on Bold's website). The federal government recently matched the province of Ontario's $1-billion pledge toward road construction to the Ring of Fire. The funding is part of a $9-billion package intended to bolster key economic sectors in critical mineral development and downstream in the steel and automotive industries.
Bold Ventures shares the provincial and federal governments' desire for urgent action on critical mineral development and applauds this important milestone for the Ring of Fire.
Channel sampling QA/QC (quality assurance/quality control)
Channel samples were cut by portable diamond saw under supervision of the qualified person, placed in sealed bags and driven to Activation Laboratories (ActLabs) in Thunder Bay, which is an ISO/IEC 17025-accredited laboratory. Control samples (blanks, gold standards, duplicates) were inserted into the sample sequence at a rate of 5 per cent. All samples were analyzed for gold concentrations using ActLabs method 1A2-50, a 50 g fire assay with atomic absorption finish, and overlimit (greater than five g/t) samples were analyzed using ActLabs method 1A3-50, a 50 g gravimetric fire assay. Channel sample lengths, orientations, dips and positions relative to geological features were mapped under supervision of the QP.
The technical information in this news release was reviewed and approved by Coleman Robertson, BSc, PGeo, the company's vice-president, exploration, and a qualified person (QP) for the purposes of NI 43-101.
Bold Ventures management believes the company's suite of battery, critical and precious metals exploration projects are an ideal combination of exploration potential meeting future demand. The company's target commodities comprise: copper (Cu), nickel (Ni), lead (Pb), zinc (Zn), gold (Au), silver (Ag), platinum (Pt), palladium (Pd) and chromium (Cr). The critical metals list and a description of the provincial and federal electrification plans are posted on the Bold website.
About Bold Ventures Inc.
The company explores for precious, battery and critical metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multimetals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
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