THUNDER BAY – Mining – “We are very pleased that the parties have come together to create this development. Marten Falls First Nation has been working over the last number of years to construct a facility that will eventually create a sustainable economic development that provides jobs and revenue for the Marten Falls Community. Indeed, this development will be beneficial for all northern communities,” stated Richard Nemis, CEO of Bold Ventures.

Koper Lake Project – Exploration Permit Issued

Bold Ventures Inc. and KWG Resources Inc. report the companies have received an exploration permit for the Koper Lake Project drill program related to the option agreements between them and Fancamp Exploration Ltd. as previously announced. Work has resumed and provisions have been made to continue drilling through the spring breakup period until the completion of the up to 6000 metre diamond drilling program.

Pursuant to a Memorandum of Understanding between Marten Falls First Nation and program operator Bold (the “MOU”), the Koper Lake Project is planned to include ground geophysical surveys and up to 6000 metres of drilling in the first phase program to test the Blackhorse chromite occurrence and a nickel target.

The project personnel are housed in the accommodation facilities that exist adjacent to an all-weather airstrip at the Muketei River as authorized by a Land Use Permit recently issued for such facilities and operations to Marten Falls by Ontario’s Ministry of Natural Resources. The program is the first to be operated from this facility, which was originally conceived by the Marten Falls community over six years ago. 

Both KWG and Bold management are committed to work with the Marten Falls First Nation Community, Chief and Council to further the opportunities afforded by the Koper Lake Project.