Toronto, Ontario April 11, 2012 – Bold Ventures Inc. (BOL:TSX.V) (“Bold” or the “Company”) is pleased to advise that it has entered into a Memorandum of Understanding (“MOU”) with Attawapiskat First Nation (“ATFN”) to cover the initial drilling program of its Area 52,53,54 and 56 claim groups located within 100 kilometres of the area dubbed “The Ring of Fire” northern Ontario.  The MOU allows for Bold’s initial drill program in that area to commence while respecting the environment and the traditional activities of the local people and addresses benefits for the local economy and job creation.  The initial diamond drilling program will consist of approximately 2000 metres of NQ sized core drilling.
 
In late 2010 the Company staked the Area 52, 53, 54 and 56 claims to cover a number of high potential VTEM anomalies.  Numerous anomalies were encountered with at least ten that are recommended for follow up drill testing. Three separate VTEM anomalies are favourably compared to the anomaly at Noront Resources Eagle One Ni-Cu-PGM discovery. Mr. Scott Hogg, a consultant and advisor to the Board of Bold concluded in his report dated November 23rd 2010 (which may be accessed by visiting the Company’s new web site) that:
 
“In general, anomalies within the Ring of Fire Area that have a significant time constant have proven to be associated with sulphide mineralization. The Eagle One nickel deposit had an associated time constant of just under 4 milliseconds (“msec”).  Anomaly 53-A has a longer time constant of about 4.5 msec and presents an exceptional target from an airborne electromagnetic perspective.  Read the rest of this entry »

Marilyn Scales is a field editor for the Canadian Mining Journal, Canada’s first mining publication. She is one of Canada’s most senior mining commentators.

Like most CMJ readers, I get a shiver up my spine at the thought of bonanza gold grades. So it was with excitement I read that Toronto’s Queenston Mining (Queenston.ca) had intersected 42.4 g/t Au at its Upper Canada property in Kirkland Lake, ON. Better yet, that was the grade over 5.5 metres.
 
Not all the grades at Upper Canada were as high. There was also 22.9 g/t over 6.6 metres, 13.2 g/t over 5.5 metres, 4.47 g/t over 37.2 metres and 4.40 g/t over 26.2. These results came for diamond drilling in the Upper L zone as well as the H, M & Q zones. Queenston says the results expand both the underground and pit potential of a large gold system.
 
A few high grade drill intersections do not a gold mine make, but Queenston has already outlined 1.96 million tonnes averaging 2.38 g/t Au in the indicated resource (uncapped) and 5.38 million tonnes at 4.55 g/t Au in the inferred category (uncapped). Together the resource contains an estimated 937,000 oz of gold that will be recovered by both open pit and underground mining. Read the rest of this entry »

http://www.kenoradailyminerandnews.com/

Treaty 3 has cautiously agreed to speak with 60 junior mining outfits who make up Miners United, provided the companies leave “racist” attitudes behind.

Last week’s resolution at Grand Council voted the companies “will not be tolerated” in Treaty 3 territory, due to media reports describing their “revolt” against First Nations consultation. Following a conversation with the Ontario Prospector’s Association, Treaty 3 Grand Chief Diane Kelly said defiant and ignorant approaches to consultation would not be tolerated.

“Those kinds of attitudes are not going to be tolerated by anybody. We’re not just wandering around in the bush looking for blueberries,” Kelly said, pointing to Miners United members’ public statements regarding unwillingness to look for arrowheads on behalf of First Nations communities.

“It’s just fuelling the fire when there’s comments like that in their press release,” she explained. “We’re not against economic activity, we just want to make sure our rights are respected and we’re part of it.” Read the rest of this entry »

“We are under attack by the ultra-conservative mining lobby group Miners
United. Already Miners United members have pledged to challenge the
Kitchenuhmaykoosib Inninuwug right to say ‘no’ to mining abuse and
protect the Watershed Declaration area.”

Office of the Chief and Council – Kitchenuhmaykoosib Inninuwug

Dear Kitchenuhmaykoosib Inninuwug Friends,

God’s Lake Resources plan to drill on our sacred landscape at Sherman Lake has been stopped. It looked like we were facing another $10 billion lawsuit and the risk of being jailed again, but after our community took action backed up by all your letters, emails, calls, and rallies to the Ontario Government and hundreds of media stories about our campaign, Ontario bough out the God’s Lake Resources leases and claims and stopped the drilling.

Thank you for standing up for indigenous rights. Your support helped tip the scales to prevent the drilling and protect the sacred. Your solidarity made a huge difference. Without help from supporters like you, our campaign to protect our sacred landscape at Sherman Lake might have taken a much harsher toll on our community. Read the rest of this entry »

The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

Madeleine Tremblay is the Mayor, Township of Fauquier-Strickland (Cochrane District)

The province’s announcement March 23, to divest of all business lines of the Ontario Northland Transportation Commission came as a complete surprise and left us dumbfounded as to why our provincial government would deliver such devastating news on the heels of so many promises.

As minister responsible for the development of Northern Ontario, Rick Bartolucci should have argued with his caucus that consultation take place with northern municipalities and communities. This simple consideration could have provided opportunities for different solutions. Instead, his government ignored our multiple pleas for inclusion with decision making, which affects our livelihood and future.

Who will now look at Northern Ontario as a good place to invest, when the most economical way of transportation is being pulled out? The Northern Ontario Growth Plan included statements on improving all transportation models. Now the plan has to be re-written or, was the exercise just a smoke screen to hide the real agenda and plan of the government towards Northern Ontario? Read the rest of this entry »

 This article came from Wawatay News: http://www.wawataynews.ca/

Fed up with getting no benefits from the resource boom on their traditional territory, Wabauskang First Nation is vowing to make its voice heard.
 
Wabauskang’s chief and council say they are in a tenuous position of having their traditional territory overlapping the gold mining explosion happening around Red Lake.
 
Chief Leslie Cameron said his community of 250 members is overwhelmed with having to deal with more than 40 resource companies that have staked claims on Wabauskang traditional territory, and frustrated that the provincial and federal governments are neglecting their duty to consult First Nations on development.

“We are a small community but we still have rights,” Cameron said. “We are the First Peoples here and we never gave up our right to our resources. We’re tired of being pushed to the side.” Read the rest of this entry »

The National Post is Canada’s second largest national paper.

Global gold production continues to rise, bringing new supply into the market. But as long as investor demand for the yellow metal remains skyhigh, it may not matter.

Gold consultancy GFMS launched its 2012 gold survey on Wednesday, and it took a bullish stance on prices despite a recent correction and a couple of worrying trends in the market.

One of them is that supply keeps going up. The survey showed that mine production hit a record high in 2011, rising 3% year-over-year to 2,818 tonnes (or almost 100 million ounces). It is the second straight year that production reached a new high, defying the “peak gold” theory that some commentators have thrown about.

Neil Meader, research director at Thomson Reutersowned GFMS, said the trend of rising production should continue in the short and medium terms. Read the rest of this entry »

The Toronto Star, has the largest circulation in Canada. The paper has an enormous impact on federal and Ontario politics as well as shaping public opinion.

Associated Press

ICA, PERU—Nine Peruvian miners were rescued Wednesday after six days trapped in an abandoned copper mine.

The nine, ranging in age from 23 to 58, walked out without assistance about an hour after dawn from a reinforced tunnel that rescuers had built as they removed more than 8 metres of dirt and rock.

The miners wore sunglasses and were covered with blankets. President Ollanta Humala greeted them.  Humala had spent the night at the mine 240 kilometres southeast of Lima. The miners were trapped by a cave-in triggered by an explosion they themselves had set.

They had communicated with rescuers through a hose, in place before the collapse, by which they also received food and medicine during their ordeal in a horizontal shaft dug into a mountainside.

“It’s pretty ugly inside,” one of the rescued men, Edwin Bellido, told RPP radio. “We slept on the ground on muddy plastic.” Read the rest of this entry »

The National Post is Canada’s second largest national paper.

For natural gas producers in Western Canada, these are the best of times and the worst of times.
 
On the bright side, the opening of a new export market for liquefied gas from the British Columbia coast is so close they can smell it. A consortium led by Royal Dutch Shell PLC seemed close Wednesday to a go-ahead decision on a $12.35-billion gas liquefaction terminal in Kitimat, while another proposed LNG project secured a federal export permit. The developments provide solid support for the takeoff of an LNG industry that promises richer prices for Canadian gas from Asian consumers, a reason to develop massive shale gas deposits that are now stranded, and fuel merger and acquisition activity.

But a dark side is also haunting the consortium. North American gas prices sank below US$2 per million British thermal units in New York Wednesday, the lowest point in a decade and far below what it costs to produce it, threatening gas producers’ ability to survive long enough to capture the pot of gold on the other side of the Pacific.
 
According to a report in the Tokyo-based Nikkei business daily Wednesday, Shell and partners Mitsubishi Corp., China National Petroleum Corp. and Korea Gas Corp. are close to completing terms on a project to start shipping gas around 2020 at an annual rate of 12 million tonnes.
  Read the rest of this entry »