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Bold Ventures has closed the acquisition of six staked mining claims contiguous to its Joutel property in Quebec and completed an induced-polarization survey across the expanded land position.
The six claims, acquired from 2099840 Ontario Inc. (operating as Emerald Geological Services, or EGS) under a February 25 vending agreement, cover versatile time-domain electromagnetic (VTEM) anomalies identified during a 2012 survey Bold flew over the Joutel property. Bold paid for the claims in shares, issuing 750,000 common shares to EGS, subject to a four-month-and-a-day hold period expiring October 2.
EGS is a non-arm's-length vendor — it is controlled by Bold president and COO Bruce MacLachlan and vice-president, exploration, Coleman Robertson. The transaction is a related-party deal under Multilateral Instrument 61-101, but is exempt from the formal valuation and minority-approval requirements because the consideration is less than 25% of Bold's market capitalization.
Bold's Joutel claim group now consists of 52 staked claims and the six EGS claims, covering 3,217 hectares about 140 km northwest of Val d'Or and 6 km south-southeast of the historic mining town of Joutel, in Poirier and Dalet townships. The 2012 VTEM survey identified an anomalous area, 3B, in the northern portion of the property that is spatially associated with historical diamond-drill intercepts of 0.83% nickel over 3.7 m (including 1.27% nickel over 2.3 m), 0.51 g/t gold over 3.05 m and 17.4 g/t silver over 0.67 m.
The spring 2026 IP survey, completed by Simcoe Geoscience between April and May, ran 8 north-south lines totalling 19.5 km across the newly acquired claims and portions of Bold's previously staked ground. The work targeted VTEM anomalies known to be spatially associated with anomalous nickel, gold and silver in historical drillholes. Survey crews used a 2D Alpha IP resistivity and chargeability configuration with 100-metre station spacing and dipole-pole-dipole (reverse and forward) geometry, with extra current injections at both ends of each line for added depth penetration. Final interpretations and 3D models are pending.
Bold Ventures explores for precious, battery and critical metals in Canada, with properties in active gold and battery-metals camps in the Thunder Bay and Wawa regions of Ontario and in and around the Ring of Fire region in the James Bay Lowlands of northern Ontario.