Bold Ventures on the Road Again in "The Ring of Fire"
TORONTO, ONTARIO -- (Marketwire) -- 03/05/13 -- Bold Ventures Inc. (TSX: BOL) ("Bold" or the "Company") is pleased to announce that the Koper Lake Project in the Ring of Fire area of the James Bay Lowlands has been mobilized. Three drills provided by Cyr International Drilling and Orbit Garant Drilling are scheduled to carry out approximately 6000 metres of diamond drilling on a number of Nickel-Copper and Chromite targets. The budget totals $3,000,000.
Haveman Brothers Forestry Services are currently completing camp construction in order to service the program.
The camp is being operated under the Marten Falls First Nation Land Use Permit, recently issued. Richard Nemis CEO of Bold Ventures Inc. states: "It is a very positive development to be working closely with the local First Nation Community of Marten Falls. I would like to thank and commend Marten Falls for our mutual business relationship, this forward looking vision further cements our relationship and creates a number of opportunities for both Marten Falls First Nation and Bold Ventures."
The drilling is expected to commence within one week.
On Behalf of the Board of Directors,
Richard Nemis, President and CEO
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 CEO
416 864 1456
416 864 1443 (FAX)
www.boldventuresinc.com
