Bold Ventures Announces OJEP Grant Approval for Its Burchell Base and Precious Metals Project
MWN-AI** Summary
Bold Ventures Inc. (TSXV: BOL) announced approval for a CAD $212,500 grant from the Ontario Junior Exploration Program (OJEP) for its Burchell Base and Precious Metals Project located 100 km west of Thunder Bay, Ontario. This funding is part of a broader CAD $10 million investment from the Ontario government aimed at supporting 68 junior mining companies in the region, as announced by Ontario Minister of Energy and Mines Stephen Lecce during a press conference on March 19, 2026.
The grant will be instrumental for Bold Ventures as it progresses with its Phase II drilling program, recently completed in the northwest corner of the Burchell Project. This phase involved drilling six holes over 800 meters to target the Moss Trend, an area of interest where previous soil sampling revealed anomalies for gold, copper, and molybdenum. The Company’s President and COO, Bruce MacLachlan, expressed gratitude for the non-dilutive funding and emphasized the importance of such initiatives for early-stage exploration in the mining sector.
Bold Ventures is focused on exploring a diverse range of Battery, Precious, and Critical Metals, which include copper, nickel, lead, zinc, gold, silver, platinum, palladium, and chromium. The Company’s assets are strategically positioned in competitive gold and battery metals regions, including the emerging multi-metals district known as the Ring of Fire in Northern Ontario.
The current news release highlights the potential for discovery and development of new mining projects essential for future sustainability and electrification efforts. Investors are reminded of the risks associated with forward-looking statements, which may lead to actual results differing from anticipated outcomes. For more information, Bold Ventures encourages interested parties to visit their website or contact their management team.
MWN-AI** Analysis
The recent announcement by Bold Ventures Inc. regarding the approval of CAD $212,500 in funding from the Ontario Junior Exploration Program (OJEP) for its Burchell Base and Precious Metals Project is a significant development for the company and its investors. This non-dilutive funding will enable Bold to further explore its promising mineral targets without the burden of share dilution, which can often occur with conventional financing methods.
From a market perspective, this funding aligns with the growing trend of renewed interest in explorations for critical and precious metals, driven largely by the global shift toward electrification and sustainable energy solutions. The emphasis on battery and critical metals, along with precious metals like gold, positions Bold favorably within the competitive landscape of exploration companies.
The completion of the Phase II drilling program at the Burchell Project, especially in an area with previously identified anomalies for gold, copper, and molybdenum, adds excitement around the potential for future discoveries. Investors should watch for assay results from this drilling, as promising outcomes could elevate the company’s valuation and market sentiment significantly.
Furthermore, with the Ontario government investing CAD $10 million in junior exploration companies, there is strong evidential support for the viability of exploration projects in the region. The strategic focus on resource-rich areas such as the Burchell Project, alongside the Ring of Fire district, provides Bold with a competitive edge.
In conclusion, Bold Ventures presents a compelling opportunity for investors seeking exposure to the mining sector, especially in key metals that are set to benefit from upcoming trends in energy and technology. However, potential investors should remain cautious, given the inherent risks in the mining sector, including exploration uncertainty and market volatility. Continuous monitoring of drilling results and broader market trends will be essential in making informed investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Toronto, Ontario--(Newsfile Corp. - March 30, 2026) - Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that it has been approved for a grant of CAD $212,500 from the Ontario Junior Exploration Program (OJEP) for its Burchell Base and Precious Metals Project (the "Project" or the "Property"), located 100 km west of Thunder Bay, Ontario.
Ontario Minister of Energy and Mines Stephen Lecce announced recipients of OJEP funding at a press conference in Sudbury, Ontario on March 19, 2026. The province is investing CAD $10 million in 68 mining exploration companies. See link below.
Province announces $10M for junior exploration program - Northern Ontario Business.
A second phase of drilling has recently been completed at the Burchell Project, targeting the northwest corner of the Property where the Moss Trend is interpreted to pass through and where the Company obtained numerous gold, copper and molybdenum soil anomalies last year (see Bold news release dated July 21, 2025). 6 holes totaling more than 800 meters were drilled in the Phase II program and are now being logged and marked up for sampling.
Bruce MacLachlan, President and COO of Bold, stated: "Bold Ventures is grateful to receive this non-dilutive OJEP funding for its Burchell Project, which will allow for more extensive testing of our prospective targets which we have recently been drilling. We welcome the Ontario Government's initiatives to support early-stage exploration, without which the mines of tomorrow will not be found."
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.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290381
FAQ**
How does Bold Ventures Inc. (BVLDF) plan to utilize the CAD $212,500 grant from the Ontario Junior Exploration Program for the Burchell Project in terms of exploration and potential findings?
What specific gold, copper, and molybdenum soil anomalies have been identified during previous explorations at the Burchell Base and Precious Metals Project by Bold Ventures Inc. (BVLDF)?
Given the provincial investment of CAD $10 million in junior exploration companies, how does Bold Ventures Inc. (BVLDF) view its competitive position among the 68 recipients of the OJEP funding?
What are the implications of the recent Phase II drilling results and the ongoing exploration for Bold Ventures Inc. (BVLDF) in the context of future demand for Battery, Critical, and Precious Metals?
**MWN-AI FAQ is based on asking OpenAI questions about Bold Ventures Inc (OTC: BVLDF).
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