Bold Ventures Samples High Grade Gold at Traxxin Highlights Ring of Fire Progress

Results from 84 additional channel samples remain pending after further sampling along the eastern edge of the Traxxin Main Zone.

Rhea-AI Summary

Bold Ventures (BVLDF) reported preliminary fall channel-sampling results from its Traxxin Project in Ontario, with gold grades reaching 24.8 g/t. The 30 samples ranged from 0.009 to 24.8 g/t gold; six exceeded 5 g/t and 11 exceeded 1 g/t. Sampling focused on the upward projection of a vein intersected by drill hole TX-26-02, which previously returned 100.7 g/t gold over 2.95 meters.

Bold's technical team views the results as supporting its hypothesis of gold enrichment along the eastern side of the Traxxin shear zone. Results from 84 additional channel samples remain pending. Separately, the federal government matched Ontario's $1 billion pledge for Ring of Fire road construction. Bold holds mineral rights in the region, including a 10% carried interest in the Black Horse Chromite Deposit.

Positive

• Minor pointTraxxin channel samples returned 0.009 to 24.8 g/t gold; six exceeded 5 g/t and 11 exceeded 1 g/t.
• Minor pointEarlier drill hole TX-26-02 returned 100.7 g/t gold over 2.95 meters in the targeted vein.
• Minor point. Forward-looking: it has not happened yet and may not happen.Bold expects final channel results to help target upcoming drilling.
• Minor pointFederal road funding pledged for the Ring of Fire matched Ontario's $1 billion; Bold holds regional mineral rights.

Negative

• Minor pointTraxxin results remain preliminary, with assays for 84 additional channel samples pending.

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. - October 28, 2026) - Bold Ventures Inc. (TSXV: BOL) (OTCQB: BVLDF) (the "Company" or "Bold") is pleased to announce preliminary results of the Fall channel sampling program at its Traxxin Project located 130 kilometers west-northwest of Thunder Bay, Ontario, and is also pleased to provide 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 g/t gold over 2.95 meters, 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 9 to 24,800 ppb gold (0.009 to 24.8 g/t), with 6 samples returning > 5 g/t gold and 11 samples returning >1 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-meter wide Traxxin shear zone may be particularly enriched in gold mineralization. Full channel sample results are provided in Table 1 (below), and Figure 1 (below) shows the 2026 channel sampling results in conjunction with the 2021 channel sampling results (announced in a Bold news release dated January 12, 2022).

Table 1	Traxxin Main Zone Channel Sampling Results
Sample_No	Channel_No	Easting (NAD83 UTM Zone 15)	Northing (NAD83 UTM Zone 15)	Length_cm	Cumulative_ length_cm	Azi_deg	Dip_deg	Rock Type	Au ppb
C277101	TX1	654224.3	5412530.1	60	60	150	38	Chlorite Schist	9
C277102	TX1	654224.5	5412529.5	70	130	183	0	Chlorite Schist	346
C277103	TX2	654225.7	5412530.7	30	30	150	21	Quartz Vein	33
C277104	TX2	654225.9	5412530.3	57	87	150	0	Quartz Vein	47
C277105	TX3	654226.1	5412532.3	35	35	133	68	Quartz Vein	62
C277106	TX3	654226.2	5412532.2	25	60	133	0	Quartz Vein	873
C277107	TX3	654226.5	5412532.0	40	100	133	22	Quartz Vein	106
C277108	TX4	654226.3	5412532.6	40	40	105	41	Quartz Vein	197
C277109	TX5	654226.7	5412532.7	45	45	115	43	Quartz Vein	2160
C277110	TX6	654226.3	5412533.4	30	30	110	60	Quartz Vein	3660
C277111	TX7	654227.1	5412533.0	55	55	130	35	Quartz Vein	57
C277112	TX8	654227.5	5412532.6	30	30	163	26	Quartz Vein	50
C277113	TX9	654226.6	5412533.6	55	55	115	43	Quartz Vein	167
C277114	TX9	654226.9	5412533.4	55	55	133	31	Chlorite Schist	6040
C277115	TX10	654227.8	5412533.2	30	30	140	0	Quartz Vein	5810
C277116	TX10	654228.0	5412533.0	40	70	140	22	Quartz Vein	504
C277117	TX11	654227.3	5412534.3	70	70	123	38	Quartz Vein	520
C277118	TX12	654228.0	5412535.1	35	35	151	44	Quartz Vein	44
C277119	TX13	654228.1	5412534.7	40	40	151	0	Chlorite Schist	982
C277121	TX14	654228.3	5412534.3	45	45	145	27	Quartz Vein	9410
C277122	TX15	654228.2	5412535.3	55	55	121	39	Quartz Vein	4510
C277123	TX16	654227.8	5412540.0	70	70	115	22	Quartz Vein	5820
C277124	TX17	654228.2	5412539.1	45	45	115	0	Quartz Vein	100
C277125	TX17	654228.6	5412538.9	50	95	122	0	Quartz Vein	4880
C277126	TX17	654229.0	5412538.6	55	150	118	15	Quartz Vein	5980
C277127	TX17	654229.6	5412538.4	70	220	112	17	Altered Tonalite	790
C277128	TX17	654230.2	5412538.2	70	290	110	24	Altered Tonalite	361
C277129	TX17	654230.8	5412538.0	65	355	110	31	Chlorite Schist	1300
C277130	TX18	654232.6	5412537.6	75	75	120	0	Altered Tonalite	158
C277131	TX19	654228.6	5412534.9	35	35	125	24	Chlorite Schist	24800

 

Figure 1: Fall 2026 Channel Sampling Results at Traxxin Main Zone

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5762/321354_bold-ventures-figure1.jpg

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 COO 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% 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 towards 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. See link to article below:

Ottawa matches Ontario with $1 billion for Ring of Fire roads - Northern Ontario Business

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 QAQC

Channel samples were cut by portable diamond saw under supervision of the QP, 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%. All samples were analyzed for gold concentrations using ActLabs method 1A2-50, a 50g fire assay with atomic absorption finish, and over-limit (> 5g/t) samples were analyzed using ActLabs method 1A3-50, a 50g 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, 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	"David B Graham" David Graham 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/321354

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What gold grades did Bold Ventures report from Traxxin channel sampling?

Bold Ventures reported grades ranging from 0.009 to 24.8 g/t gold across 30 channel samples. Six samples exceeded 5 g/t gold, and 11 exceeded 1 g/t gold. These are preliminary results from the fall sampling program.

How does the Ring of Fire road funding relate to Bold Ventures?

Bold holds mineral rights in the Ring of Fire, including a 10% carried interest in the Black Horse Chromite Deposit. The federal government matched Ontario's $1 billion pledge toward road construction in the region; the funding is for roads, not a payment to Bold.

How will Bold Ventures use the final Traxxin channel-sampling results?

Bold expects the final channel-sampling results to help target upcoming drilling. Additional stripping and channel sampling have been completed along the gold-bearing vein at the eastern edge of the Traxxin Main Zone.