Bold Ventures Announces Partial Results of First Phase of Drilling at Burchell
Original announcement by tmx on
- Company
- Bold Ventures Inc.
- Ticker
- BOL
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- Copper, Zinc
- Document categories
- Drill results
- Extracted
- 2026-08-23 02:42:42 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Bold Ventures announced partial results from the first phase of drilling at its Burchell Project, with initial holes BL-26-01 and BL-26-02 confirming a wide gold-copper-zinc mineralized system. The drilling intersected multiple zones of mineralization, including 19.0 meters at 0.42 g/t gold and 25.25 meters at 0.26% zinc, with some higher-grade gold spikes over narrower intervals. These early results are considered positive for defining the extent of mineralization in a previously untested area, despite the generally low grades reported.
Reasoning: The initial drill results confirm the presence of a wide gold and base metal system in a previously unexplored zone, which is positive for early-stage exploration. However, the reported grades are generally low, limiting the immediate economic significance of these specific intercepts.
Positive factors
- First-pass drilling confirming a wide mineralized system
- Presence of gold, copper, and zinc mineralization
- Good QA/QC disclosure with accredited lab and QP sign-off
Negative factors
- Gold grades are generally low for orogenic deposit type
- Base metal grades are also low
- No true width reported for intercepts
- Cut-off grades for compositing are not disclosed
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 11
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release explicitly mentions using Activation Laboratories (Actabs), an ISO / IEC 17025 accredited laboratory, and details the insertion of blanks, standards, and duplicates, with QP sign-off.
Evidence · text
“Core samples were cut by diamond saw under supervision of the QP, placed in sealed bags, and driven to Activation Laboratories (Actabs) in Thunder Bay, which is an ISO / IEC 17025 accredited laboratory. Blank and standard certified reference material were inserted into the sample sequence at a rate of 4% each, with an additional 4% of samples designated for duplicate analysis of the sample reject.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: All reported intercepts are given as downhole lengths (e.g., '19.0 meters', '5.0 meters') without any mention or estimation of true width or drill orientation relative to structure.
Evidence · text
“The gold zone returned 0.42 g/t Au over 19.0 meters , including 1.1 g/t Au over 5.0 meters , including 2.7 g/t Au over 1.0 meter .”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The announcement states these are the 'first two holes ever drilled into the 111 Zone' and BL-26-02 was 'drilled 50 meters along strike to the northeast of BL-26-01', indicating exploration to extend known mineralization.
Evidence · text
“The first two holes ever drilled into the 111 Zone confirmed the presence of a wide anomalous gold and base metal system below surface, with local higher-grade spikes.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: The document reports various gold, copper, and zinc intercepts but does not state any cut-off grade used for compositing these intervals.
Evidence · text
“The gold zone returned 0.42 g/t Au over 19.0 meters , including 1.1 g/t Au over 5.0 meters , including 2.7 g/t Au over 1.0 meter .”
Extracted facts
Stored fact records: 11. Some facts used in scoring do not have a stored record.
Drill Results (11)
BL-26-01Burchell Project · goldGrade: 0.42Grade Unit: g/tIntercept: 19 mView all detailsHide details
Identity
- Hole ID
- BL-26-01
- Project
- Burchell Project
- Commodity
- gold
- Ticker
- BOL
Geometry
- Grade
- 0.42
- Grade Unit
- g/t
- Intercept
- 19 m
- From
- 25 m
- To
- 44 m
- Hole Depth
- 99 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-01:25.0-44.0
- Mining Method
- unknown
Location
- Easting
- 676847
- Northing
- 5380291
- Elevation
- 483 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This intercept confirms gold mineralization in a new zone with moderate width, but the grade is low compared to typical orogenic gold deposits.
Positive factors
- Confirms gold mineralization in a new zone
- Moderate intercept width
Negative factors
- Low gold grade for orogenic deposit type
- No true width reported
Evidence · table
“0.42 g/t Au over 19.0 m”
Context: 19
BL-26-01Burchell Project · goldGrade: 1.1Grade Unit: g/tIntercept: 5 mView all detailsHide details
Identity
- Hole ID
- BL-26-01
- Project
- Burchell Project
- Commodity
- gold
- Ticker
- BOL
Geometry
- Grade
- 1.1
- Grade Unit
- g/t
- Intercept
- 5 m
- From
- 39 m
- To
- 44 m
- Hole Depth
- 99 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-01:39.0-44.0
- Mining Method
- unknown
Location
- Easting
- 676847
- Northing
- 5380291
- Elevation
- 483 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This sub-interval shows a moderate gold grade, indicating local higher-grade zones within the broader mineralization, which is positive for early exploration.
Positive factors
- Moderate gold grade for early exploration
- Sub-interval within a wider zone
Negative factors
- Narrow intercept width
- No true width reported
Evidence · table
“1.1 g/t Au over 5.0 m”
Context: 5
BL-26-01Burchell Project · goldGrade: 2.7Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- BL-26-01
- Project
- Burchell Project
- Commodity
- gold
- Ticker
- BOL
Geometry
- Grade
- 2.7
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 43 m
- To
- 44 m
- Hole Depth
- 99 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-01:43.0-44.0
- Mining Method
- unknown
Location
- Easting
- 676847
- Northing
- 5380291
- Elevation
- 483 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This very narrow intercept shows a strong gold grade, indicating the presence of high-grade spikes within the system, which is encouraging for further exploration.
Positive factors
- Strong gold grade for early exploration
- Highest grade intercept reported
Negative factors
- Very narrow intercept width
- No true width reported
Evidence · table
“2.7 g/t Au over 1.0 m”
Context: 1
BL-26-01Burchell Project · copperGrade: 0.18Grade Unit: %Intercept: 9 mView all detailsHide details
Identity
- Hole ID
- BL-26-01
- Project
- Burchell Project
- Commodity
- copper
- Ticker
- BOL
Geometry
- Grade
- 0.18
- Grade Unit
- %
- Intercept
- 9 m
- From
- 25 m
- To
- 34 m
- Hole Depth
- 99 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-01:25.0-34.0
- Mining Method
- unknown
Location
- Easting
- 676847
- Northing
- 5380291
- Elevation
- 483 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This intercept confirms copper mineralization with moderate width, but the grade is low, indicating an anomalous zone rather than economic grades.
Positive factors
- Confirms copper mineralization in a new zone
- Moderate intercept width
Negative factors
- Low copper grade
- No true width reported
Evidence · table
“0.18% Cu over 9.0 m”
Context: 9
BL-26-01Burchell Project · zincGrade: 0.33Grade Unit: %Intercept: 19 mView all detailsHide details
Identity
- Hole ID
- BL-26-01
- Project
- Burchell Project
- Commodity
- zinc
- Ticker
- BOL
Geometry
- Grade
- 0.33
- Grade Unit
- %
- Intercept
- 19 m
- From
- 15 m
- To
- 34 m
- Hole Depth
- 99 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-01:15.0-34.0
- Mining Method
- unknown
Location
- Easting
- 676847
- Northing
- 5380291
- Elevation
- 483 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This intercept confirms zinc mineralization with moderate width, but the grade is low, indicating an anomalous zone rather than economic grades.
Positive factors
- Confirms zinc mineralization in a new zone
- Moderate intercept width
Negative factors
- Low zinc grade
- No true width reported
Evidence · table
“0.33% Zn over 19.0 m”
Context: 19
BL-26-01Burchell Project · zincGrade: 0.2Grade Unit: %Intercept: 5 mView all detailsHide details
Identity
- Hole ID
- BL-26-01
- Project
- Burchell Project
- Commodity
- zinc
- Ticker
- BOL
Geometry
- Grade
- 0.2
- Grade Unit
- %
- Intercept
- 5 m
- From
- 43 m
- To
- 48 m
- Hole Depth
- 99 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-01:43.0-48.0
- Mining Method
- unknown
Location
- Easting
- 676847
- Northing
- 5380291
- Elevation
- 483 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This intercept confirms zinc mineralization with low grade and narrow width, indicating a minor anomalous zone.
Positive factors
- Confirms zinc mineralization
Negative factors
- Low zinc grade
- Narrow intercept width
- No true width reported
Evidence · table
“0.20% Zn over 5.0 m”
Context: 5
BL-26-02Burchell Project · goldGrade: 0.19Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- BL-26-02
- Project
- Burchell Project
- Commodity
- gold
- Ticker
- BOL
Geometry
- Grade
- 0.19
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 22 m
- To
- 26 m
- Hole Depth
- 102 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-02:22.0-26.0
- Mining Method
- unknown
Location
- Easting
- 676889
- Northing
- 5380328
- Elevation
- 478 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This intercept confirms very low-grade gold mineralization along strike, indicating continuity of the anomalous system.
Positive factors
- Confirms gold mineralization along strike
Negative factors
- Very low gold grade
- Narrow intercept width
- No true width reported
Evidence · table
“0.19 g/t Au over 4.0 m”
Context: 4
BL-26-02Burchell Project · goldGrade: 0.16Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- BL-26-02
- Project
- Burchell Project
- Commodity
- gold
- Ticker
- BOL
Geometry
- Grade
- 0.16
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 34 m
- To
- 38 m
- Hole Depth
- 102 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-02:34.0-38.0
- Mining Method
- unknown
Location
- Easting
- 676889
- Northing
- 5380328
- Elevation
- 478 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This intercept confirms very low-grade gold mineralization along strike, indicating continuity of the anomalous system.
Positive factors
- Confirms gold mineralization along strike
Negative factors
- Very low gold grade
- Narrow intercept width
- No true width reported
Evidence · table
“0.16 g/t Au over 4.0 m”
Context: 4
BL-26-02Burchell Project · copperGrade: 0.32Grade Unit: %Intercept: 0.8 mView all detailsHide details
Identity
- Hole ID
- BL-26-02
- Project
- Burchell Project
- Commodity
- copper
- Ticker
- BOL
Geometry
- Grade
- 0.32
- Grade Unit
- %
- Intercept
- 0.8 m
- From
- 23.2 m
- To
- 24 m
- Hole Depth
- 102 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-02:23.2-24.0
- Mining Method
- unknown
Location
- Easting
- 676889
- Northing
- 5380328
- Elevation
- 478 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This very narrow intercept confirms low-grade copper mineralization, indicating minor presence of the metal.
Positive factors
- Confirms copper mineralization
Negative factors
- Very narrow intercept width
- Low copper grade
- No true width reported
Evidence · table
“0.32% Cu over 0.8 m”
Context: 0.8
BL-26-02Burchell Project · zincGrade: 0.26Grade Unit: %Intercept: 25.25 mView all detailsHide details
Identity
- Hole ID
- BL-26-02
- Project
- Burchell Project
- Commodity
- zinc
- Ticker
- BOL
Geometry
- Grade
- 0.26
- Grade Unit
- %
- Intercept
- 25.25 m
- From
- 3 m
- To
- 28.25 m
- Hole Depth
- 102 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-02:3.0-28.25
- Mining Method
- unknown
Location
- Easting
- 676889
- Northing
- 5380328
- Elevation
- 478 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This wide intercept confirms broad, low-grade zinc mineralization along strike, indicating a significant anomalous zone. The pending over-range result adds some uncertainty but potential upside.
Positive factors
- Confirms broad zinc mineralization along strike
- Wide intercept length
Negative factors
- Low zinc grade
- No true width reported
- Over-range result treated as 1% Zn, actual value pending
Evidence · table
“0.26% Zn over 25.25 m*”
Context: 25.25
BL-26-02Burchell Project · zincGrade: 0.19Grade Unit: %Intercept: 7 mView all detailsHide details
Identity
- Hole ID
- BL-26-02
- Project
- Burchell Project
- Commodity
- zinc
- Ticker
- BOL
Geometry
- Grade
- 0.19
- Grade Unit
- %
- Intercept
- 7 m
- From
- 34 m
- To
- 41 m
- Hole Depth
- 102 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- BL-26-02:34.0-41.0
- Mining Method
- unknown
Location
- Easting
- 676889
- Northing
- 5380328
- Elevation
- 478 m
- Azimuth
- 329 °
- Dip
- -45 °
- Loc. Confidence
- high
QA/QC
- Laboratory
- Activation Laboratories (Actabs)
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: This intercept confirms low-grade zinc mineralization with narrow width, indicating a minor anomalous zone.
Positive factors
- Confirms zinc mineralization
Negative factors
- Low zinc grade
- Narrow intercept width
- No true width reported
Evidence · table
“0.19% Zn over 7.0 m”
Context: 7
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.