Bold Ventures, Inc. (TSXV:BOLV) (“Bold Ventures” or the “Company”), is pleased to announce it has received the Exploration Permit (“EP”) from the British Columbia Ministry of Energy, Mines & Petroleum Resources for its Traxxin Property, located in the Golden Triangle area of northwest British Columbia.
In addition, the Company also provides further disclosure of amendments to the Farwell and Burchell Property Option Agreements and further agrees to issue shares for services.
The Traxxin property is strategically located in the Golden Triangle between other important mining juniors. The property is comprised of 7,069 hectares and is stretched across two regions, Deerhorn and Coppershell. The Deerhorn area covers 4,604 hectares at the southeast corner of the Crucible property (Asimenos Group Inc. TSX-V:AGI) and buffers the northern part of the Morocombe property (Ludwig Ventures Inc. TSXV: LVIS). The Coppershell area covers 2,565 hectares and is located seven kilometres east of the Morocombe property. With the EP, the Company plans to execute the first stage of exploration to include geological mapping, line-cutting, and soil and rock sampling.
Bold Ventures has also signed an amendment with Potlatch Exploration Ltd., Farwell Property Option Agreement, which allows the Company to purchase a 100% undivided interest in the Marble River Property from Farwell. In addition, the amendment includes consideration for C$15,000, calculated at a rate of CAD$ 0.0065 per share of Bold Ventures and the issuance of 1,500,000 common Bold Ventures shares. Lastly, the Company entered into an additional amendment with Farwell to purchase an additional interest in the Farwell Property located in the Cortez area.
Bold Ventures has also finalized an agreement with John Burchell that will further amend the Burchell Property Option Agreement. This amended agreement includes consideration of the payment of $25,000 upon regulatory acceptance of a new option and the issuance of 3,125,000 shares of Bold Ventures.
Bold Ventures is thrilled to expand and further its exploration opportunities in both the Farwell Property and the Burchell Property. With the new Exploration Permit, the Company is posed to launch its exploration efforts on the Traxxin Property.
This article was written by Divija Rathi, For Godzillanewz.com and has not been modified by any outside sources.