\n\t\t\t\t\t\t\tFind out more <\/a><\/p>\nEGS is operated by Bruce MacLachlan, who serves as president and chief operating officer of Bold, along with Coleman Robertson, Bold\u2019s vice-president of exploration.<\/p>\n
The newly acquired claims are significant due to the presence of versatile time-domain electromagnetic (VTEM) anomalies identified in a 2012 survey conducted by Bold on the Joutel Property.<\/p>\n
Bold CEO David Graham said: \u201cWe are pleased to have reassembled our Joutel claims. Our 2012 VTEM survey outlined a number of anomalies that we believe are prospective for nickel (Ni), copper (Cu), zinc (Zn), gold (Au) and silver (Ag).<\/p>\n
\u201cWe are excited to explore these anomalies to generate what we anticipate will be high potential drill targets.\u201d<\/p>\n
Notably, anomalous area 3B is linked to historical diamond drill results showing nickel and gold intercepts, including 0.83% nickel over 3.7m and 0.51 grams per tonne gold over 3.05m.<\/p>\n
This transaction qualifies as a related party transaction under Multilateral Instrument 61-101 but is exempt from certain valuation and approval requirements, as the market value involved does not surpass 25% of Bold\u2019s market capitalisation.<\/p>\n
The agreement awaits approval from the TSX Venture Exchange.<\/p>\n
MacLachlan said: \u201cThe proposed acquisition of the EGS claims is a major step forward for Bold\u2019s Joutel project, which will become a consolidated land package of 58 claims comprising 3217 hectares covering numerous geophysical anomalies associated with known base and precious metal mineralisation.<\/p>\n
\u201cWe anticipate a ground geophysical survey this winter to better define these geophysical anomalies in advance of drilling.\u201d<\/p>\n
The Joutel claim group is situated around 140km north-west of Val d\u2019Or. It lies 6km south-south-east of the historic mining town of Joutel, within the Poirier and Dalet Townships. The property comprises 52 staked claims.<\/p>\n
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