Bold Ventures Receives Positive Results from IP Survey Identifies Drill Targets on Wilcorp Project Near Atikokan, Ontario
TORONTO, ONTARIO -- (Marketwire) -- 11/15/12 -- Bold Ventures Inc. (TSX VENTURE: BOL) ("Bold" or the "Company") is pleased to report results from an IP survey on its 5 claim (202.5 hectare) property located approximately 14 km east of the Town of Atikokan, northwestern Ontario (see Press Release dated July 10, 2012).
Historically the Wilcorp property consisting of four patented and one staked claim was the subject of gold exploration efforts by previous owners and prospectors working along a deformation zone containing the former Sapawe Mine gold producer to the east and the Alcott gold showings to the west. The Wilcorp project itself contains the Eagle Prospect which was discovered by Jack Lake Mines in 1946.
Historical exploration on the Wilcorp Property, which was carried out without the benefit of any modern geophysical surveying, was successful in encountering interesting gold mineralization warranting further follow-up.
A recently completed IP Survey has provided Bold with several untested new targets of interest near and along trend of the Eagle Prospect. A total of 14 anomalies were interpreted and follow-up recommendations include prospecting on multiple anomalous zones and subsequent drill testing where indicated.
The Bold technical team is currently prospecting over a number of the anomalous IP zones identified by the survey in anticipation of designing an initial diamond drill program.
Mr. Bruce W. Mackie, P. Geo., a professional geologist, has reviewed and approved the technical content of the information contained in this release and qualifies under the definition of "Qualified Person" set out in National Instrument 43-101.
Richard E. Nemis, President and Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Bold Ventures Inc.
Richard Nemis, President and Chief Executive Officer
416 864 1456
416 864 1443 (FAX)
www.boldventuresinc.com
