Bold Ventures Inc. announced that its exploration crew has recently completed prospecting and sampling work at the Burchell Copper and Gold Project. The basis for this work was established by a review of the historical work found within and around the Burchell claim group. The program was carried out through the month of September.

The 2006 Geotech Ltd. Versatile Time-Domain Electromagnetic (VTEM) survey and the 1991 Ontario Geological Survey regional airborne Aerodat Mag-EM (Magnetic-Electromagnetic) survey carried out over the Burchell property both indicate the presence of significant conductors recommended for follow-up work. The VTEM survey which only covers the west side of the property, contains greater detail with a clearer signal, greater depth penetration and closer line spacing than the "regional" survey with the Aerodat system. The Aerodat survey covers the claims at wider line spacing and consequently, provides less detailed information.

During this program 103 grab samples were collected, with most assays still pending. However, the results from 8 grab samples have been received. They ranged in values from 1.9 ppm Copper (Cu) up to 1130 ppm Cu (0.11% Cu) and 2.1 ppm Nickel (Ni) up to 1480 ppm Ni (0.15% Ni).

This may indicate the presence of a magmatic Ni-Cu-PGM mineralized system in the vicinity (PGM analysis is pending on these samples). Sampling of sheared felsic volcanic rocks along one of the VTEM conductor axis in the north-central portion of the property, returned 2.38 g/t Gold (Au). The area extending to the northeast, along trend from the Hermia Lake copper showing and locations within the central and eastern part of the claim group were sampled.

This phase of work has confirmed that additional electromagnetic and magnetic surveys are recommended to complete the geophysical survey coverage of the claim group. The east side of the property has seen very little exploration work.