Permit
TORONTO, ONTARIO, Apr 23, 2013 (Marketwired via COMTEX News Network) -- Bold Ventures Inc. (TSX: BOL) ("Bold") and KWG Resources Inc. (TSX
VENTURE: KWG) ("KWG") are pleased to report that they have received
the 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.
Richard Nemis, CEO of Bold Ventures, the project operator stated
that, "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."
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.
Cautionary Note Regarding Forward-Looking Statements: This Press
Release contains forward-looking statements that involve risks and
uncertainties, which may cause actual results to differ materially
from the statements made. When used in this document, the words
"may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions are intended
to identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to such
risks and uncertainties. Many factors could cause our actual results
to differ materially from the statements made, including those
factors discussed in filings made by us with the Canadian securities
regulatory authorities. Should one or more of these risks and
uncertainties, such actual results of current exploration programs,
the general risks associated with the mining industry, the price of
gold and other metals, currency and interest rate fluctuations,
increased competition and general economic and market factors, occur
or should assumptions underlying the forward looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, or expected. We do not
intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders
are cautioned not to put undue reliance on such forward-looking
statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Bold Ventures Inc.
416-864-1456
KWG Resources
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com