Bold Ventures Inc. (BVI), a publicly traded gold and base metal exploration company, recently announced it has received the Traxxin Exploration Permit from the British Columbia government for a new gold exploration property. This property is located in the heart of the Golden Triangle region, an area with a long history of gold and base metal production.
The Traxxin Property is located along the regional southwesterly trending, Redfish fault. The geological set-up contains two prospective quartz-sulphide veins, known as Marsh and Good Hope. Numerous showings have been identified along the two veins, including the Gribble and Eldorado showings.
BVI has recently released further disclosure regarding their 2018 amendments to their Farwell Property and Burchell Property Option Agreements and have agreed to issue shares for services related to their gold exploration opportunities.
The Farwell Property is located in the Clamogem area, an area that has seen significant historical copper-gold exploration, and more recently, Bold Ventures has been exploring the area for gold. In 2018 Bold Ventures secured a 15 year option to acquire a 100% interest in the Farwell Property, however, they subsequently amended the agreement in 2020.
The Burchell Property is located in the Spences Bridge Gold Belt, a region known to contain numerous medium to high-grade gold projects. In 2018, Bold Ventures entered into an option to acquire up to a 100% interest in three claims, however, they again amended the agreement in 2021.
The Golden Triangle region continues to be a highly sought-after exploration region, and with the newly acquired exploration permit from the British Columbia government, Bold Ventures is looking to capitalize on this high-grade gold potential. They will be drilling the recently discovered gold showings located along their Traxxin Property and will also be releasing early-stage exploration results in the coming months.
Investors should monitor BVI as this company seeks to capitalize on the high-grade gold potential in the Golden Triangle region and to benefit from future exploration success.
