Bold Ventures Announces Wilcorp Drill Results, Highlights Ring of Fire Developments
Wilcorp drilling confirms two gold zones at Eagle Prospect while new Ring of Fire road construction advances the regional development framework for Bold.
Rhea-AI Summary
Bold Ventures (BVLDF) reported 2026 diamond drill results from its Wilcorp Property in Ontario and highlighted road construction progress in the Ring of Fire region.
Seven holes totaling 807 m were drilled. At the Eagle Prospect, hole WC-26-03 intersected 3.96 g/t Au over 2.28 m, including 11.4 g/t Au over 0.69 m, and 1.64 g/t Au over 1.0 m, confirming two gold zones beneath historical trenches. Hole WC-26-04 returned 1.7 g/t Au over 2.15 m and 1.53 g/t Au over 1.0 m, while WC-26-07 cut 1.06 g/t Au over 1.0 m along a southern trend about 100 m across strike from the trenches.
In the Ring of Fire, Bold holds mineral rights including a 10% carried interest in the Black Horse Chromite Deposit and points to the start of access road construction as advancing regional project potential.
Positive
- High-grade gold hit 3.96 g/t Au over 2.28 m, incl. 11.4 g/t over 0.69 m in hole WC-26-03
- Multiple gold zones confirmed two separate gold zones beneath Eagle Prospect historical trenches
- Additional mineralization 1.7 g/t Au over 2.15 m and 1.53 g/t Au over 1.0 m in WC-26-04
- Southern trend gold 1.06 g/t Au over 1.0 m in WC-26-07 about 100 m south of trenches
- Ring of Fire exposure 10% carried interest in Black Horse Chromite Deposit plus commencement of key access roads
Negative
- Limited success in new southern target WC-26-01 and WC-26-02 returned no significant Cu-Ag-Au mineralization
- Mixed results near Eagle Prospect WC-26-05 and WC-26-06 returned no significant gold despite targeting IP anomalies and southern trend
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - September 8, 2026) - Bold Ventures Inc. (TSXV: BOL) (OTCQB: BVLDF) (the "Company" or "Bold") is pleased to announce the results from diamond drilling at its Wilcorp Property (the "Property" or the "Project") earlier this year, located approximately 12 km east of Atikokan, Ontario. 7 holes totaling 807 meters were drilled, targeting the Eagle Prospect in the northwestern part of the property and an I.P. trend / new showing in the southern part of the property.
Highlights:
A mineralized quartz vein was intersected in hole WC-26-03 in the Eagle Prospect area, averaging 3.96 g/t gold over 2.28 meters, including 11.4 g/t gold over 0.69 meters.
The presence of two separate gold zones was confirmed at depth beneath the Eagle Prospect historical trenches, where grab sampling in 2012 returned one result of 14.4 g/t gold along the southern side of the trenches, and grab sampling in 2024 returned one result of 16.3 g/t Au along the northern side of the trenches.
Available historical drillhole records reported intersecting only one gold zone beneath the trenches (on the south side), stopping short of the northern zone, highlighting the underexplored nature of the northern mineralized vein and the trend in general.
Anomalous gold was intersected along a southern trend in the Eagle Prospect area, approximately 100 meters across strike to the south-southeast of the trenches.
See Table 1 (below) for drillhole statistics, and Table 2 (below) for a summary of gold results, as well as Figure 1 (below) for locations of significant gold intersections in the Eagle Prospect area.
Ring of Fire Update
Bold Ventures is also pleased to draw attention to the commencement of road construction to the Ring of Fire, Ontario, where Bold holds mineral rights including a
Road work begins at the southern gateway to the Ring of Fire
Wilcorp Winter-Spring 2026 Drill Program
Earlier this year, 7 holes totaling 807 meters were drilled at the Wilcorp Property, targeting the Eagle Prospect in the northwestern part of the property and an I.P. trend / new showing in the southern part of the property.
Holes WC-26-01 and WC-26-02 targeted a new (2025) copper-silver-gold showing and I.P. trend in the southern part of the property. Drilling intersected no significant Cu-Ag-Au mineralization of the kind identified in sulphide stringers on surface, and the I.P. anomaly was explained by pyrite and arsenopyrite mineralization in a package of metasediments and metavolcanics. Of some interest were nickel and chromium anomalies, including
Holes WC-26-03 to WC-26-07 were drilled in the area of the historical Eagle Prospect. Three of the five holes intersected anomalous to high-grade gold mineralization, with the best mineralization returned from hole WC-26-03 beneath the known historical trenches. These trenches feature two parallel gold trends on surface, with 2012 grab sampling returning one result of 14.4 g/t Au on the south side of the trenches, and 2024 grab sampling returning one result of 16.3 g/t Au on the north side of the trenches (see Bold news release dated October 31, 2024). 2026 drilling confirmed the two gold zones. Hole WC-26-04 intersected the southern zone with results of 1.7 g/t Au over 2.15 meters from 25.0 meters, and 1.53 g/t Au over 1.0 meters from 34.0 meters. Historical drillhole ASE-94-4 also appears to have intersected this southern zone with results of 1.8 g/t Au over 7.6 meters, but stopped short of the northern zone. 2026 drillhole WC-26-03 highlighted the high-grade potential of the northern zone, intersecting a quartz vein mineralized with pyrite, arsenopyrite and chalcopyrite from 79.4 to 81.68 meters, which returned 3.96 g/t Au over 2.28 meters, including 11.4 g/t Au over 0.69 meters. From 85.0 meters an anomaly of 1.64 g/t Au over 1.0 meters was also obtained. Drillhole WC-26-07 intersected 1.06 g/t Au over 1.0 meters from 19.0 meters along a gold trend which is located approximately 100 meters across strike to the south of the above trenches. Hole WC-26-06 also targeted this southern trend but intersected no significant gold (although it was collared in quartz veining, prompting a short scissor hole WC-26-07). Hole WC-26-05 targeted an I.P. anomaly northeast of the main trenches and returned no significant results.
See Table 1 for drillhole statistics, and Table 2 for a summary of gold results, as well as Figure 1 for locations of significant gold intersections in the Eagle Prospect area.
| Table 1: Wilcorp 2026 DDH Statistics | |||||||
| Hole_ID | Easting | Northing | Elevation (mASL) | Az_deg | Dip_deg | Depth_m | Target |
| WC-26-01 | 617111 | 5403213 | 433 | 170 | -45 | 195 | I.P. trend, new showing. |
| WC-26-02 | 617041 | 5403215 | 429 | 170 | -45 | 183 | I.P. trend. |
| WC-26-03 | 615837 | 5403836 | 440 | 335 | -50 | 99 | Eagle Prospect Trenches. |
| WC-26-04 | 615840 | 5403831 | 440 | 335 | -60 | 66 | Eagle Prospect Trenches. |
| WC-26-05 | 615939 | 5403861 | 440 | 335 | -45 | 114 | East strike extension of Eagle Prospect Trenches. |
| WC-26-06 | 615965 | 5403759 | 438 | 345 | -45 | 105 | Southern trend. |
| WC-26-07 | 615959 | 5403763 | 438 | 165 | -55 | 45 | Southern trend. |
| Table 2: Significant Gold Results from Wilcorp 2026 Drilling | ||||
| Hole ID | From (m) | To (m) | Interval (m) | Au g/t |
| WC-26-03 | 4.06 | 5 | 0.94 | 0.2 |
| 79.4 | 81.68 | 2.28 | 3.96 | |
| incl | 80.01 | 80.7 | 0.69 | 11.4 |
| 85 | 86 | 1 | 1.64 | |
| WC-26-04 | 25 | 27.15 | 2.15 | 1.7 |
| 28.75 | 29.68 | 0.93 | 0.1 | |
| 34 | 35 | 1 | 1.53 | |
| WC-26-07 | 19 | 20 | 1 | 1.06 |
Figure 1: Wilcorp 2026 DDH, Eagle Prospect Area
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5762/313265_e3e1efa5648c2ac7_003full.jpg
QAQC Protocols
Core samples were sawed in half by diamond saw under supervision of the QP, placed in sealed bags, and driven to Activation Laboratories (Actabs) in Thunder Bay, which is an ISO / IEC 17025 accredited laboratory. Blank and standard certified reference material were inserted into the sample sequence at a rate of
The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., the Company's V.P. Exploration and a qualified person (QP) for the purposes of NI 43-101.
Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: 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 here.
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 multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.
"Bruce A MacLachlan"
Bruce MacLachlan
President and COO
Direct line: (705) 266-0847
Email: bruce@boldventuresinc.com
"David B Graham"
David Graham
CEO
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.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313265
FAQ
What areas did the 2026 Wilcorp drill program target and how many metres were drilled?
The 2026 program at Wilcorp comprised 7 diamond drill holes totaling 807 m. Holes WC-26-01 and WC-26-02 targeted a 2025 copper-silver-gold showing and an I.P. trend in the southern part of the property. Holes WC-26-03 to WC-26-07 were drilled around the historical Eagle Prospect, including beneath the main trenches, along a southern gold trend, and toward an east strike extension.
How do the new Eagle Prospect results relate to historical sampling and drilling?
The Eagle Prospect trenches host two parallel surface gold trends. Historical grab sampling returned one result of 14.4 g/t Au on the south side (2012) and 16.3 g/t Au on the north side (2024). The 2026 drilling confirmed two distinct gold zones beneath these trenches. Historical drillhole ASE-94-4 appears to have intersected only the southern zone (1.8 g/t Au over 7.6 m) and stopped short of the northern zone, underscoring that the northern vein and trend remain underexplored.
What were the notable results outside the Eagle Prospect trenches?
In the southern Wilcorp area, WC-26-01 and WC-26-02 tested a new Cu-Ag-Au showing and I.P. trend but did not replicate the surface sulphide-stringer mineralization. The I.P. anomaly there was attributed to pyrite and arsenopyrite in metasediments and metavolcanics. WC-26-01 did return 0.04% Ni and 0.04% Cr over 9.0 m from 19.0 m, suggesting possible influence from a mafic intrusive mineralizing system. At Eagle, WC-26-07 intersected 1.06 g/t Au over 1.0 m along a southern trend about 100 m across strike from the main trenches.
What access road developments did Bold Ventures highlight in the Ring of Fire?
Bold drew attention to the start of construction of the Marten Falls Community Access Road, described as the longest stretch of the Ring of Fire road, and to commencement of road work at the southern gateway in Aroland First Nation, where the existing Anaconda and Painter Lake roads will connect to a planned more than 500 km Ring of Fire road network. The company states that these advances bring Ring of Fire projects, where it holds mineral rights including a 10% carried interest in the Black Horse Chromite Deposit, closer to realization.
What QA/QC procedures were used for the Wilcorp drilling assays?
Core was cut by diamond saw under the supervision of the qualified person and shipped in sealed bags to Activation Laboratories in Thunder Bay, an ISO / IEC 17025 accredited facility. Blank and certified reference standard material were inserted at a rate of 4% each, and an additional 4% of samples were designated for duplicate analysis of the sample reject. Gold was analyzed using ActLabs method 1A2-50 (50 g fire assay with atomic absorption finish), and trace elements were analyzed using method 1F2 (total digestion with ICP-OES finish).