Bold Ventures Identifies Widespread Rare Earth Element Anomalies at Burchell, Plans Next Phase of Exploration

Rhea-AI Summary

Bold Ventures (OTCQB: BVLDF, TSXV: BOL) reports widespread Rare Earth Element (REE) anomalies within the Hermia pluton at its Burchell Project, 100 km west of Thunder Bay, Ontario. The system was first intersected in March 2026 drilling, where hole BL-26-05A returned 1022 ppm Total Rare Earth Oxides (TREO) over 55.2 m beneath 55.8 m of overburden in a syenite‑carbonatite host.

Follow-up prospecting identified multiple outcrops and float 2.2–3.2 km east of the discovery hole with >500 ppm TREO, including a peak of 3060 ppm (0.3%) TREO. These anomalous samples show 20–30% Magnet Rare Earth Oxides (MREOs) and elevated Ba and Sr, similar to the drill core. Bold plans ground gravimetric surveys, reinterpretation of 2019 airborne magnetics and extension of hole BL-26-05A to advance this 6 km fertile corridor.

Positive

• BL-26-05A intersection 1022 ppm TREO over 55.2 m in Hermia pluton
• High-grade grab sample up to 3060 ppm (0.3%) TREO between 2.2–3.2 km east
• Consistent MREO content 20–30% of TREO in anomalous grab samples
• 6 km fertile corridor outlined within Hermia pluton at Burchell Project
• Next-phase work funded ground gravimetry, data reprocessing and hole BL-26-05A extension planned
• QA/QC controls ISO/IEC 17025 lab, blanks and certified standards used

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Toronto, Ontario--(Newsfile Corp. - July 30, 2026) - Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that widespread Rare Earth Element (REE) anomalies have now been identified in grab samples and drill core within the Hermia pluton in the northern part of Bold's Burchell Project (the "Project"), located 100 km west of Thunder Bay, Ontario.

The REE system was initially discovered during Bold's March 2026 drill program. Hole BL-26-05A returned 1022 ppm Total Rare Earth Oxides (TREO) over 55.2 meters, comprising the entire drillhole beneath 55.8 meters of overburden, hosted in a syenite-carbonatite system (announced in Bold news release dated June 3, 2026). A subsequent prospecting program targeted outcrops within the Hermia Pluton previously mapped by the Ontario Geological Survey (OGS) further east on the Property. Several outcrops returned anomalies >500 ppm TREO with a maximum of 3060 ppm (0.3%) TREO and are located between 2.2 and 3.2 kilometers east of the discovery drillhole (see Figure 1 below). Coordinates and rock types of samples >500 ppm TREO are given in Table 1 below. Anomalous grab samples were also associated with elevated concentrations of pathfinder elements Ba and Sr, similar to the core samples in hole BL-26-05A. Additionally, the >500 ppm TREO values obtained in grab samples were comprised of 20-30% Magnet Rare Earth Oxides (MREOs), including Nd, Pr, Dy and Tb, which are essential to EV, clean energy, aerospace, and defense applications.

The next phase of exploration is planned to consist of ground geophysics across the newly identified fertile corridor associated with the Hermia Pluton, which occupies a 6 km stretch in the northern part of the Property. A ground gravimetric survey will assist in delineating different phases of the Hermia Pluton which may include more enriched carbonatite rocks. Also planned is the reprocessing and reinterpretation of the 2019 airborne magnetic survey across the Property, which will aid in identifying magnetite-rich zones associated with REE mineralization as well as pluton boundaries, structural controls, and alteration zones. Finally, extending hole BL-26-05A is planned as the hole ended in anomalous REE mineralization.

Bruce MacLachlan, President and COO of Bold Ventures, stated: "We are pleased to have made further progress on the Rare Earth Element system discovered in our March drill program. It is now clear that the Hermia Pluton is a fertile rare earth system not limited to the area of the discovery drillhole, and we look forward to unlocking its potential through systematic exploration which, in the near term, will involve ground geophysics and extending hole 5A."

Figure 1: Rare Earth Element Anomalies Within Hermia Pluton see Burchell Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5762/307241_e2397844b424db76_001full.jpg

Table 1: Summer 2026 Grab Samples with Anomalous (>500 ppm) REE Values

Sample	Easting (NAD83 UTM Z15)	Northing (NAD83 UTM Z15)	Elev (m)	Rock Type	Source	TREO ppm	MREO ppm	MREO / TREO %	Ba ppm	Sr ppm
F820359	676478	5382568	464	Syenite	Outcrop	3060	841	27	1330	3400
F820363	676566	5382640	459	Mafic Syenite	Outcrop	1146	300	26	2680	5540
F820366	676985	5382602	459	Syenite	Float	1026	276	27	1290	1970
F820353	676331	5382453	471	Syenite	Outcrop	922	235	25	2990	3020
F820362	676474	5382603	452	Syenite	Outcrop	877	234	27	2320	2350
F820360	676481	5382581	461	Syenite	Outcrop	834	227	27	2100	2240
F820361	676479	5382583	461	Syenite	Outcrop	829	249	30	3050	4610
F820365	676972	5382602	456	Syenite	Outcrop	771	208	27	3140	2450
F820354	676317	5382452	479	Syenite	Outcrop	757	205	27	2380	2030
C2035650	676206	5382202	458	Syenite	Outcrop	660	135	20	768	270
F820384	677097	5382078	477	Mafic Volcanic	Sub Outcrop	600	152	25	1190	2280

 

TREO (Total Rare Earth Oxides) is calculated by multiplying the elemental concentration of each REE by its specific stoichiometric conversion factor and summing the concentrations of the corresponding oxides. The conversion factors used are: La2O3 (1.1728), CeO2 (1.2284), Pr6O11 (1.2082), Nd2O3 (1.1664), Sm2O3 (1.1596), Eu2O3 (1.1579), Gd2O3 (1.1526), Tb4O7 (1.1762), Dy2O3 (1.1477), Ho2O3 (1.1455), Er2O3 (1.1435), Tm2O3 (1.1421), Yb2O3 (1.1387), Lu2O3 (1.1371), and Y2O3 (1.2699).

Importance of Rare Earth Elements

Rare Earth Elements are critical to modern manufacturing processes across a wide range of sectors including electronics, clean energy, aerospace, automotive and defense. The largest and most important use of REEs is in the production of permanent magnets (NdFeB magnets), which require the 'magnet rare earths' Nd, Pr, Dy & Tb and accounted for 48% of the global demand for REEs in 2024. Canada is not yet a producer of REEs but holds some of the largest known rare earth resources globally, estimated at over 15 million tonnes of rare earth oxide in 2024. China is the world's largest producer of REEs, accounting for 69% of global production in 2024. Establishing a secure and sustainable REE supply for industrial and defense applications has been an increasing concern for governments worldwide, including Canada's federal and provincial governments. Ontario's Ford government recently released its 'Framework for the Ontario Defence Industrial Strategy' document at the CANSEC 2026 defense & security trade show in Ottawa, in which Northern Ontario was mentioned as being part of an industrial cluster through the mining of critical minerals used in the defense and high-tech manufacturing. See the article below from Northern Ontario Business.

https://www.northernontariobusiness.com/industry-news/manufacturing/ontario-strategy-aims-to-put-more-pop-in-the-defence-industry-12342774

For more general information on REEs and Canada's position in the global market, see the link below to Natural Resources Canada.

https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/rare-earth-elements-facts

For a more in-depth review of REE usage, recovery, geopolitical significance, and global supply chain challenges, see the link below to an article from Mining, Metals and Metallurgy.

Rare Earth Elements in the Global Economy: Usage, Recovery, and the Quest for Supply Security - A Review | Mining, Metallurgy & Exploration | Springer Nature Link

QAQC Protocols

Rock samples were placed in sealed bags and driven to AGAT Laboratories in Thunder Bay, an ISO / IEC 17025 accredited laboratory. Blank and standard certified reference material were inserted into each batch of samples submitted. All samples were analyzed using AGAT methods 202-551, a 50g fire assay with Atomic Absorption Spectroscopy finish for Au analysis, and 201-378, a sodium peroxide fusion with ICP-OES and ICP-MS finish, for 58 trace elements including most REEs.

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 is an ideal combination of exploration potential meeting future demand. Our target commodities include: 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"	"David B Graham"
Bruce MacLachlan	David Graham
President and COO	CEO
Direct line: (705) 266-0847
Email: bruce@boldventuresinc.com

 

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/307241

FAQ

What REE drill results did Bold Ventures (BVLDF) report from Burchell in July 2026?

Bold Ventures reported hole BL-26-05A intersected 1022 ppm Total Rare Earth Oxides (TREO) over 55.2 metres. According to Bold Ventures, this interval lies entirely within a syenite‑carbonatite system beneath 55.8 metres of overburden in the Hermia pluton at the Burchell Project.

How significant are the Burchell grab sample rare earth grades for Bold Ventures (BVLDF)?

Bold Ventures reported multiple grab samples exceeding 500 ppm TREO, with a maximum of 3060 ppm (0.3%) TREO. According to Bold Ventures, these samples lie 2.2–3.2 km east of BL-26-05A and contain 20–30% Magnet Rare Earth Oxides, including Nd, Pr, Dy and Tb.

What exploration work is planned next at Bold Ventures’ Burchell REE project (BVLDF)?

Bold Ventures plans ground gravimetric surveys, reprocessing 2019 airborne magnetic data, and extending hole BL-26-05A. According to Bold Ventures, these programs target a 6 km fertile corridor within the Hermia pluton to delineate enriched carbonatite phases, magnetite-rich zones and key structural controls.

Where is Bold Ventures’ Burchell rare earth project (BVLDF) located and what hosts the mineralization?

The Burchell Project is located about 100 kilometres west of Thunder Bay, Ontario. According to Bold Ventures, REE mineralization is hosted within the Hermia pluton, mainly in syenite and syenite‑carbonatite rocks, with anomalous Ba and Sr pathfinder elements supporting the REE system interpretation.

What proportion of magnet rare earth oxides was found in Bold Ventures’ Burchell samples (BVLDF)?

Bold Ventures reported that grab samples over 500 ppm TREO contain 20–30% Magnet Rare Earth Oxides (MREOs). According to Bold Ventures, these MREOs include Nd, Pr, Dy and Tb, which are important for permanent magnet applications in EVs, clean energy, aerospace and defense sectors.

How did Bold Ventures ensure QA/QC for the Burchell rare earth assays (BVLDF)?

Bold Ventures sent rock samples to AGAT Laboratories in Thunder Bay, an ISO/IEC 17025 accredited facility. According to Bold Ventures, blanks and certified reference standards were inserted in each batch, and analyses used fire assay for gold plus sodium peroxide fusion ICP methods for 58 trace elements.

Who approved the technical information in Bold Ventures’ July 30, 2026 Burchell news (BVLDF)?

The technical information was reviewed and approved by Coleman Robertson, B.Sc., P.Geo., Bold Ventures’ VP Exploration. According to Bold Ventures, he is a qualified person for National Instrument 43‑101 purposes, responsible for validating the geological and analytical data disclosed from the Burchell Project.