Investor Perception
A Canadian exploration firm poised for discovery, Daring Ventures is targeted on the exploration and improvement of high-potential treasured and battery minerals initiatives in tier 1 jurisdictions in Canada.
Overview
Daring Ventures (TSXV:BOL) is a Canadian mineral exploration firm specializing in battery, important and treasured metals situated in Northern Ontario and Quebec. The corporate’s asset portfolio demonstrates its give attention to these commodities to create constant worth with gold and meet the rising demand for battery and significant metals.
Daring Ventures’ key initiatives are situated inside three energetic areas all through Ontario: Thunder Bay West, Wawa West and the Ring of Hearth camp situated within the James Bay Lowlands. The Thunder Bay properties host gold and copper mineralization, whereas the Wawa and Ring of Hearth properties have copper, gold, and chromium mineralization with extra potential for zinc, nickel, silver and PGE mineralization. The newly added Springpole East gold and Joutel gold and base steel initiatives broaden Daring’s footprint into extra high-potential areas.
The Burchell gold and copper undertaking, west of Thunder Bay, is Daring’s flagship property with a newly found high-grade gold prevalence in addition to historic drill intersections of extremely anomalous gold and copper. The undertaking is ideally positioned subsequent to Goldshore Assets Inc.’s Moss Gold Undertaking internet hosting the Moss Gold Deposit of almost 6 million ounces of gold within the indicated and inferred useful resource classes.
The one hundred pc owned Traxxin gold undertaking, west of Thunder Bay, has proven quite a few high-grade gold intersections in drilling. The undertaking is a three way partnership between Daring Ventures, because the operator, and Lac des Mille Lacs First Nation, the place the three way partnership can earn as much as one hundred pc of the property.
An skilled workforce of explorers leads the corporate towards totally realizing the potential of its portfolio. The corporate’s management workforce has participated in three important world-class discoveries, together with:
Eagle River Mine: Found in 1987 by Central Crude/Noranda and has produced over 1 million ounces (Moz) of gold. Windfall Lake: Found by Noront circa 2006, presently owned by Osisko (bought by Goldfields for $2.16B), it comprises 4.1 Moz @ 11.4 grams per ton (g/t) gold indicated and three.3 Moz gold @ 8.4 g/t gold inferred for a complete of seven.4 Moz gold in all classes.Ring of Hearth Deposits: Found in 2007 and include a number of important deposits together with Eagle’s Nest, Eagle Two and Blue Jay (AT-12) Nickel-Copper Huge Sulphide Deposits, Blackbird Chromite Deposit and Thunderbird Vanadium Prevalence.
This wealth of expertise permits Daring Ventures to strategically purchase undervalued property and apply subtle exploration methods to determine important mineral deposits.
Firm Highlights
Daring Ventures is a Canadian mineral exploration firm targeted on exploring and creating its treasured and significant mineral initiatives in Northern Ontario.The corporate owns and operates a number of initiatives all through three key areas of Ontario: Thunder Bay West, Wawa West and the James Bay Lowlands-Ring of Hearth.The corporate has been advancing its copper and gold initiatives to the drill stage.The Burchell gold and copper undertaking is situated 100 km west of Thunder Bay and enjoys main highway entry, rail, energy, and an skilled mineral exploration workforce and mining provide situated inside hours of the property. The undertaking hosts the newly found (Nov 2024) 111 Gold Zone in addition to historic gold anomalies on floor and drill core alongside strike from the Moss Deposit to the west, owned by Goldshore Assets Inc. The Traxxin gold undertaking is situated 130 km west of Thunder Bay and is equally accessible. It boasts the Firm’s finest gold intersection in drill core which is hosted in an identical geological setting to Agnico Eagle’s Hammond Reef Gold Deposit within the district. The Koper Lake undertaking is situated inside 300 meters of Ring of Hearth Metals’ (previously Wyloo/Noront) flagship Eagle’s Nest Nickel-Copper deposit. It hosts a big chromite useful resource and engaging nickel potential.Daring Ventures continues to broaden its portfolio with two promising new acquisitions – the Springpole East gold undertaking in Ontario and Joutel gold and base metals initiatives in Quebec – each strategically positioned in established mining districts. Daring Ventures’ administration workforce has a long time of expertise inside the mining sector. The administration and technical groups have participated in three world-class discoveries and have the correct expertise to information the corporate towards its objectives.
Key Initiatives
Burchell Gold and Battery Metals Undertaking
The Burchell declare group covers 4,607 hectares (11,384 acres) comprising 242 claims and is situated 100 kilometers west of the port metropolis of Thunder Bay in Northwestern Ontario. The undertaking is road-accessible south of the Trans-Canada Freeway 11.
Undertaking Highlights:
Situated within the Western Shebandowan Greenstone Belt: The Burchell undertaking is situated on this high-potential, energetic mineral belt and comprises copper, gold, silver, nickel, zinc, molybdenum and different minerals.Contiguous with Important Gold Property: The Burchell property is contiguous with Goldshore Assets’ Moss gold undertaking. The Moss Lake gold deposit lies inside a serious 25 km NE-trending structural hall which additionally hosts the past-producing North Coldstream Mine and the East Coldstream gold deposit. Roughly 1.8 km of this mineralized development lies within the NW nook of the Burchell property, internet hosting historic gold occurrences.New Discovery (November 2024): A brand new zone known as “111 Zone” was found within the middle of the property, located inside a outstanding magnetic low. Samples ranged from 10 ppb gold to 68 g/t gold in sheared, silicified, sericitized volcanic rocks. Historic trenches alongside strike to SW of 111 Zone in SW nook of property yielded rock samples as much as 42 g/t gold. Historic Newmont drilling within the NW nook of the property returned 0.9 g/t gold over 6.4 m.Current MMI Samples (November 2024): Soil samples within the NW nook of the property, alongside strike from the Moss Development, returned excessive response ratios for gold (as much as 40), copper (as much as 61), molybdenum (as much as 369), zinc (as much as 93), and uranium (as much as 52). A number of samples within the northern half of the survey confirmed coincident gold, copper, molybdenum response ratios >10.Hermia Lake Copper-Gold Prospect: This prospect extends for two.8 km alongside a northeast development. Historic diamond drilling contains intercepts of 0.8 p.c copper over 4.3 m (Nice Lake Copper Mines in 1956), 0.25 p.c copper over 51.9 m (Gulf Minerals in 1981), and 1.4 g/t gold over 7.2 m (Mengold in 2008).
Traxxin Gold Undertaking
The one hundred pc owned Traxxin gold undertaking is 130 km west of Thunder Bay and has 209 claims protecting 3,885 hectares (9,600 acres). The undertaking has glorious present infrastructure and is road-accessible, situated between two main highways, slicing down on future improvement prices.
Undertaking Highlights:
Shut Proximity to Important Gold Deposit: The undertaking is 40 km east of Agnico Eagle’s Hammond Reef deposit, which comprises 5.6 Moz of gold at 0.71 g/t, together with reserves, measured and indicated.Promising New and Historic Exploration Outcomes: Daring Ventures’ 2021 drill gap marketing campaign outcomes indicated 3.57 g/t gold over 12.29 meters, together with 6.13 g/t gold over 4.88 m. Further historic outcomes embody:Seize samples 1281, 152, 116, 21.1 and three.73 g/t goldFive historic drill holes with larger than 5 g/t gold over varied intervalsOne historic drill gap larger than 37 g/t gold over 1 meterExploration Campaigns: Trenching on the Important Zone and Tear Drop Lake in 2021 returned channel samples as much as 9.08 g/t gold. In 2024, shoreline prospecting on Bedivere Lake yielded gold values as much as 345 (components per billion (ppb)) gold on an island northeast of Traxxin Important Zone.The gold bearing shear zone stays open in all instructions with potential for extending the Important Zone to the north through geophysics and exploring the southern extension.
Farwell Gold-Copper Undertaking
The Farwell undertaking covers 6,440 hectares (15,914 acres) comprising 133 claims. The property is situated within the Lake Superior east area of Northeastern Ontario, roughly 55 km northwest of Wawa, and in a confirmed gold camp.
Undertaking Highlights:
Promising Geological Formations: The declare group hosts gold-bearing quartz veins situated inside an iron formation that stretches alongside the western extensions of a serious deformation zone. Moreover, there’s base steel volcanogenic large sulphide (VMS) type mineralization of copper, zinc, lead and silver. The property additionally options deformed “Timiskaming” type conglomerates alongside the gold mineralizing development (just like Kirkland Lake, Geraldton).Exploration Highlights and Future Drill Targets: A flexible time area electromagnetic (VTEM) survey has recognized a number of anomalous areas for future drilling. Further outcomes and interpretation had been included into the present database for future exploration and, in the end, for drill testing. The corporate accomplished geophysical modelling of six excessive precedence electromagnetic conductors recognized by a helicopter-borne, VTEM and magnetic survey.Highway-accessible: The declare group is accessible through the Eagle River gold mines haulage highway and is situated roughly 6 km from the Eagle River Mill advanced that additionally connects to main highways appropriate for future materials transportation.
Wilcorp Gold Undertaking
The Wilcorp gold undertaking covers 264 hectares (652 acres) and consists of 4 patented claims, 15 single cell and three boundary cell mining claims. The asset is 17 kilometers south of Agnico Eagle’s Hammond Reef Deposit and 32 kilometers west of Traxxin, inside the Thunder Bay Mining Division. New drill targets have been recognized for follow-up exploration.
Undertaking Highlights:
Historic Outcomes: The “Eagle Prospect” space has important historic gold discoveries. Maps from 1946 point out values as much as 11.1 g/t gold over 4.1 m together with 30.8 g/t gold over 0.8 m in core (unsubstantiated within the fashionable period). Current values embody as much as 16.3 g/t gold in an space the place Nineties drilling returned 1.8 g/t gold over 7.6 m.Sampling Outcomes: In 2012, 62 seize samples ranged from <5 ppb gold as much as 14,403 ppb gold (14.4 g/t gold), and in 2024, 39 seize samples ranged from <5 ppb gold as much as 16,300 ppb gold (16.3 g/t gold).Induced Polarization (IP) Surveys: A 2012 IP survey recognized a number of developments which can be targets for exploration.Geological Setting: The property is proximal to the Quetico Fault, a serious east-west fault zone. Gold mineralization is hosted in shear zones in volcanic and dioritic rocks that are subparallel to the Quetico Fault.
Important Historic Work: The property has pre-existing historic work, together with stripping, trenching and diamond drilling which recognized important gold zones.
Koper Lake Undertaking (Ring of Hearth)
Undertaking Highlights:
A number of Commodity Streams: The Koper Lake undertaking has important potential for important minerals. The property has the potential to develop battery metals, chromite and treasured metals for a number of income streams.Throughout the Koper Lake undertaking, the Black Horse Chromite Deposit comprises an NI 43-101 inferred useful resource of 85.9 MT at a grade of 34.5 p.c chromium (III) oxide (Cr2O3) utilizing a cutoff grade of 20 p.c Cr2O3.Black Horse Chromite Possession Pursuits:Daring 10 p.c carried curiosity (by way of to manufacturing), KWG 90 p.c working interestAll Different Metals (Inexperienced and Battery Metals together with Nickel, Copper, PGEs; Treasured Metals together with Gold and Silver) Possession Pursuits:Daring 40 p.c working curiosity, KWG 60 p.c working interestBold has choice to earn as much as 80 p.c working curiosity leaving KWG with a 20 p.c working curiosity
The asset includes 1,024 hectares and is situated lower than 300 meters from Ring of Hearth Metals’ (previously Noront Assets) Eagle’s Nest Nickel-copper large sulphide deposit, which is within the allow stage.
Ring of Hearth Claims
The Ring of Hearth asset is a future key undertaking that will probably be given additional consideration because the Ring of Hearth regional infrastructure and First Nation agreements are developed.
Undertaking Highlights:
The Ring of Hearth Claims undertaking is a grassroots exploration undertaking that has important potential focusing on the battery metals nickel, copper and platinum group parts.Daring carried out a VTEM airborne survey in 2013 that situated quite a few geophysical anomalies which can be potential for battery metals.Additional exploration is pending the event of entry, infrastructure and First Nation agreements.
In June 2024, Daring Ventures signed an settlement to possibility a one hundred pc curiosity in two declare teams out of the 14 declare teams inside the Ring of Hearth area to an arm’s-length celebration. The 2 declare teams complete 1,050 hectares and comprise roughly 90 declare models. The choice settlement contains combination money funds totaling C$135,000 and combination exploration expenditures of C$250,000 over a four-year interval. The deal additionally features a 3 p.c internet smelter royalty for Daring, after the optionee earns a one hundred pc curiosity by fulfilling the phrases of the settlement.
Springpole East Gold Undertaking
The Springpole East gold undertaking is considered one of Daring Ventures’ latest undertaking acquisitions strategically positioned in a longtime mining district. This property covers 4,180 hectares throughout 208 single cell claims in northwestern Ontario, situated simply 120 km east-northeast of Pink Lake and merely 9 km east of First Mining Gold’s substantial Springpole gold deposit (containing 4.6 Moz of gold at 0.94 g/t within the indicated class and a further 0.3 Moz at 0.54 g/t within the inferred class). The undertaking shares a boundary with First Mining’s land bundle, positioning it inside a confirmed gold-bearing geological development.
Regardless of its promising location, Springpole East has seen comparatively restricted systematic exploration. The latest work in 2022 by GoldON Assets included high-resolution airborne magnetic surveys and prospecting that yielded encouraging outcomes, together with the invention of altered granitic boulders with gold values starting from 191 to 1,270 ppb. Of specific curiosity is the close by Canamer or Birch Lake East Prevalence simply 1.3 km west of the property boundary, the place First Mining reported spectacular seize samples yielding 15.3 g/t gold in 2022. This displaying happens in banded iron formation – a rock sort that has been mapped within the northwest portion of Springpole East and corresponds with outstanding magnetic anomalies recognized throughout earlier surveys.
Joutel Gold and Base Metallic Undertaking
Complementing its Ontario-based acquisition, Daring has additionally added the Joutel gold and base steel undertaking in Quebec to its exploration portfolio. Situated 140 km northwest of Val d’Or with favorable logging highway entry, this property includes 41 claims throughout two declare teams protecting 2,269 hectares. Daring is already accustomed to the realm, having performed airborne VTEM and magnetic surveys in 2012, figuring out a number of anomalies that stay underexplored.
The Joutel undertaking sits in a traditionally productive mining area, simply 6.5 km south-southeast of the previous mining city of Joutel in Poirier Township. Its strategic location locations it inside 12 km of the past-producing Joutel gold mine and fewer than 10 km from earlier base steel operations. A selected focal point is its proximity (6 km) to the Explo-Zinc deposit, which hosts a 2006 mineral useful resource estimate of 588,000 tons grading 7.63 p.c zinc and 0.35 p.c copper within the indicated class, plus 273,000 tons at 6.64 p.c zinc and 0.21 p.c copper within the inferred class.
Historic drilling of VTEM anomalies within the space has produced encouraging outcomes, together with intersections of 0.83 p.c nickel over 3.7 meters (together with a higher-grade part of 1.27 p.c nickel over 2.3 meters) and 0.51 g/t gold over 3.05 meters. These outcomes spotlight the property’s polymetallic potential, with Daring focusing on nickel, gold, silver, copper and zinc mineralization.
Administration Crew
David Graham – Chief Govt Officer and Director
David Graham has been energetic within the mineral exploration business for over 40 years. Between 1997 and 2004 he was co-founder, president and CEO of Normiska Company, an industrial minerals and supplies firm with 4 manufacturing services in Canada and the US.
Between 2006 and 2010 he was a director and vice-president of Noront Assets. Throughout this time the corporate made main discoveries at Windfall Lake in City Twp., Quebec and the Ring of Hearth within the James Bay Lowlands of Ontario. From 2010 till 2017 he was government vice-president of Daring Ventures Inc. at which period, he was appointed president and CEO.
Mr. Graham has labored extensively in Canada in addition to in the US, Scandinavia and Africa. His expertise has continuously included working with First Nations and regulatory companies on initiatives that ranged from a grassroots stage to superior improvement. He’s a member of the invention workforce for Eagle River, Windfall, and the “Ring of Hearth” Noront deposits.
Bruce MacLachlan – President and Chief Working Officer
With over 40 years of expertise within the exploration business, Bruce MacLachlan is a confirmed exploration supervisor and has been a key member of various mineral discovery groups, together with Eagle River. He has managed a variety of exploration initiatives from grassroots by way of to the post-discovery stage. MacLachlan has been liable for undertaking presentation, advertising and coordination inside the funding house. He has labored with a number of exploration corporations, together with Noranda Exploration, Battle Mountain Gold and CanAlaska Uranium. He was the exploration supervisor at Noranda Exploration, Battle Mountain Gold, and CanAlaska Uranium. He’s a co-founder and president of Emerald Geological Providers (EGS), a consulting firm created in 2001.
Coleman Robertson – Vice-president of Exploration
Coleman Robertson is knowledgeable geologist who has labored exploring for gold, base metals and uncommon earth parts. His expertise contains a variety of exploration actions from grassroots to discovery stage initiatives. Employed by EGS since 2017, Robertson is vice-president of exploration for EGS and has expertise with a number of initiatives in a number of jurisdictions, together with Daring’s gold and copper initiatives in Northwestern Ontario.
Robert Suttie – Chief Monetary Officer
Robert Suttie presently serves as CFO with over 40 years’ expertise as a marketing consultant elevating capital for rising corporations. He has been a director/government at a number of personal/public firms.
William Johnstone – Company Secretary and Authorized Counsel
William Johnstone is the corporate’s company counsel and company secretary. Johnstone has been a accomplice at Gardiner Roberts LLP since February 2005, working towards within the areas of company and securities regulation for over 40 years.
Ian Bodie-Brown – Director
Ian Bodie-Brown is an business marketing consultant with over 35 years’ expertise. He’s chairman of Rio Silver (on the TSX Enterprise Alternate) and knowledgeable geologist.
Steve Brunelle – Director
Steve Brunelle is knowledgeable geologist with over 35 years’ expertise and is the chairman of Rio Silver (on the TSX Enterprise Alternate).
