Burchell Gold and Battery Metals Project

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Copper (Cu) | Gold (Au) | Silver (Ag) | Molybdenum (Mo)

The Burchell Gold-Base Metal Project claims are located approximately 105 km west of the port city of Thunder Bay in the south-central portion of Northwestern Ontario (centered on UTM Zone 15, 677340E, 5380617N). The claims are accessible via logging roads and secondary Highway 802 south from Trans-Canada Highway 11 travelling west from Thunder Bay. Additional infrastructure includes an east-west 230 KV transmission line along Highway 11.

The Option to earn a 100% interest

On closing of the transaction (“Closing”), Bold Ventures Inc. (Bold) will pay $40,000 cash and issue 300,000 common shares of Bold.

On or before one year after the Anniversary date Bold will pay $60,000 cash and 350,000 shares to the Optionors and will have completed $200,000 of exploration work on the claims.

On or before two years after the Anniversary Date Bold will pay $80,000 cash and 450,000 shares to the Optionors and will have completed an aggregate of $500,000 of exploration work on the claims.

On or before three years after the Anniversary Date Bold will pay $120,000 cash and 500,000 shares to the Optionors and will have completed an aggregate of $900,000 of exploration work on the claims.

On or before the fourth year Anniversary date Bold will pay $200,000 cash and 750,000 shares to the Optionors and will have completed an aggregate of $1,500,000 of exploration work on the claims.

In summary, Bold will have the option to earn a 100% interest over a four-year period by paying the aggregate sum of $500,000 cash, issuing an aggregate of 2,350,000 common shares of Bold and completing a total of $1,500,000 of exploration work on the claims over a four-year period. The Optionors shall be entitled to a Net Smelter Royalty (NSR) in the amount of 3%. Bold has the right to buy back 1.5% percent of the 3.0% percent NSR for $2,000,000 leaving 1.5% percent NSR in favour of the Optionors.

The Burchell Property consists of 216 single cell claims and 49 boundary claims encompassing approximately 5,070 ha or 12,528 acres. For a summary of geology and historical work see the Burchell Gold review (March 2022).

The NI 43-101 Technical Report on the Burchell Lake Property – northwestern Ontario, Thunder Bay Mining District.

Project Highlights

Cell/Boundary Claims: 216/49 – Acres/Hectares: 12,528/5,070
Thunder Bay area, northwest Ontario – UTM Zone 15, 677340E, 5380617N

Recent Project News

More press releases: Burchell only | All exploration projects

Maps, Charts and Geology

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Burchell Regional Location Map March 2022

Burchell Regional Geology Map March 2022

Burchell Project Claim Map March 2022

Burchell Northeast Gold Trend Map March 2022

Burchell Area Projects Map March 2022

Burchell Hermia Lake Trend Map March 2022

 

Keep Informed

as Bold Ventures explores for Precious, Battery, and Critical Metals!
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