Bold Ventures Inc. (BOL) has reported final results from its winter-spring diamond drilling program at the Burchell property in Ontario. The program, which comprised ten holes totaling 1,503.5 meters, was designed to test soil sampling and geophysical anomalies in the property’s northwest sector. The company confirmed that the Moss Gold Trend extends into the northwest corner of the project area.

Highlight results from hole BL-26-09 included 0.54 g/t gold over 6.0 meters, with a higher-grade intercept of 4.65 g/t gold over 0.57 meters. These intervals are associated with brecciated intermediate volcaniclastic rocks featuring pyrite mineralization. Other holes in the program also yielded anomalous gold values, confirming a variety of mineralization styles along the structural corridor. Beyond the gold focus, the company previously reported a discovery of rare earth elements in a syenite-carbonatite system, while also identifying copper and zinc anomalies at the site’s 111 Zone.

"The drill program in the northwest corner of Burchell identified several broad gold-bearing intervals along the Moss Trend, with local higher-grade intervals. The goal of the program was to find an anchor point along the Moss Trend which would establish a basis for future drilling, given the limited historical drilling and abundance of overburden across the area. Hole BL-26-09 accomplished this goal and provides a starting point for a systematic follow up program. Having now completed our first drill program at Burchell, we are encouraged by the results. Along with the Moss Gold Trend passing through the northwest corner of the property, further work at the 111 Zone and the JET REE System is being planned."

— Bruce MacLachlan, President and COO

Management intends to leverage these findings to refine its geological understanding of the property. The identification of these distinct zones—the gold-bearing trend, the base metal-rich 111 Zone, and the rare earth element system—aligns with the company’s broader strategy of assembling a diverse portfolio of critical and precious metals projects. This approach includes ongoing exploration initiatives within active gold and battery metals camps in the Thunder Bay and Wawa regions. The recent data provides the necessary structural foundation for planned, systematic follow-up programs across these high-priority areas.

Investors responded to the release of these final drill results on July 23, 2026. The company’s stock rose 6.67% on the day, closing at $0.08. This market movement occurred during a session where the company sought to highlight the project's technical success and the establishment of a clear pathway for upcoming exploration efforts. By isolating specific zones for future activity, the company aims to move beyond initial testing toward more focused development of its primary assets.

Read the full announcement: Bold Ventures Receives Final Results of Spring Drilling at Burchell, Confirms Moss Gold Trend