Bold Ventures Inc. reported that it has signed a Letter Agreement for an option to acquire 188 claim and boundary cells comprising 11,149 acres (4512 hectares) located within the Shabandowan Greenstone Belt (SGB) of northwestern Ontario. The SGB lies within the Wawa-Abitibi Terrane, well-known for its mineral endowment. The Burchell Gold-Copper Project (Burchell Property) is located 105 km west of Thunder Bay and is accessible via all-weather roads south from Trans-Canada Highway 11.

Numerous gold (Au) and copper (Cu) showings are located along the western portion of the claim group. Previous exploration and mapping by the Ontario Geological Survey recognized northeast trending mineralized corridors hosting this mineralization and extending across the Burchell Property (Osmani 2017) over distances in excess of 2 km. This supports the potential for locating additional mineralization along trend to the east.

Previous operators performed extensive and thorough exploration work to identify numerous drill targets that remain untested.