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Bold Ventures nets 3-year exploration permit for Stover gold project

Bold Ventures Inc. said May 28 that it secured a three-year exploration permit for the Stover gold project in Ontario.

The company plans to carry out mapping, sampling and prospecting as part of its exploration program for the property. Initial drill targets would be identified by late summer.

Stover consists of 30 legacy claims comprising 429 units across approximately 6,496 hectares occupying portions of six townships in the Canadian province.

Bold Ventures can fully acquire Stover by paying C$30,000 and issuing 2 million shares to the sellers on the execution of a formal option agreement.