Bold Ventures Inc. reported results from its fall 2021 exploration program on the Traxxin Gold Project, east of Atikokan in Northwestern Ontario. The program consisted of prospecting, stripping and trenching, geological mapping and sampling focused along the central portion of the property. Exploration work was successful in confirming and expanding the areas of known gold mineralization both in the historical Main Zone region at Bedivere Lake and 1.2 km south at the Teardrop Zone.

The main mineralized northeast trending shear structure was extended north by approximately 20 m at the Main Zon (Bold Trench #11) and by approximately 30 m north at the Teardrop Zone (Bold Trenches #8 and #9). Assay results range from 2.5 ppb Au to 9.80 g/t Au. The northeast-trending structure central to the Traxxin property is part of a series of northeast splays off the main west-striking Quetico Fault lying south of the property.

The western-most splay hosts Agnico Eagle's Hammond Reef gold deposit (5.6 Moz at an average grade of 0.71 g/t Au in all categories) in the Marmion Lake Batholith (Agnico Eagle's website, January 2022). The regional similarities provide a good model for comparison that will continue to evolve as the Company explores the property. Results obtained during this latest phase of exploration indicates the high potential to extend the main northeast structure in 2 key areas.

The first lies at the most northerly exposure on the Main Zone in Bold Trench 11, uncovered during the fall program. Blue-grey quartz veining over 3 m wide and iron-carbonate alteration were exposed within a mineralized (pyrite) altered mafic shear hosted in granitic rocks of the Marmion Lake Batholith (MacLachlan 2021). The highest assay value obtained from channel sampling across this zone, returned 3.43 g/t Au over 0.90 m. An electromagnetic (EM) geophysical survey will be used to track the mineralized structure north across Bedivere Lake during Bold's next phase of exploration.

At the Teardrop Zone, approximately 1.2 km south of the Main Zone, trenching uncovered zones of shearing, quartz veining and mineralization several meters wide, only fractions of which had been exposed in historical trenching. Assay values up to 1.18 g/t Au were returned from preliminary sampling across this zone. Geological mapping of the 5 trenches exposed by Bold's work indicates strong similarities exist between the mafic shears and quartz veining at the Teardrop and the Main Zone, suggesting continuity of the system between the two areas (MacLachlan 2021).

This relatively unexplored gap will also be targeted for further exploration work. Concurrent with this recent work, historical geophysical surveys are under review. An additional geophysical survey is proposed to further extend the gold-bearing Main Zone to the north in advance of drill testing that area.