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Drilling to Begin on Ontario 'Ring of Fire' Project

Posted at: 03/06/2013 4:49 PM
Updated at: 03/06/2013 4:50 PM

Bold Ventures Inc. says drilling on the Koper Lake Project in the "Ring of Fire" area in northwestern Ontario will begin within one week.

The company announced Wednesday that three drills provided by Cyr International Drilling and Orbit Garant Drilling have been mobilized to the area.  They are scheduled to carry out approximately 6,000 meters of diamond drilling on a number of Nickel-Copper and Chromite targets with a $3 million budget.

A camp to service the program is being constructed by Haveman Brothers Forestry Services.  The Marten Falls First Nation recently issued a land use permit for the camp.

Bold Ventures is one of 35 companies with claims in the "Ring of Fire," which is about 350 km north of Nakina.  The area is a two-hour plane ride from Thunder Bay.  Cliffs Natural Resources is among the other companies considering mining in the area.

More information on northwestern Ontario mining projects is posted at http://www.thunderbay.ca/CEDC/Business_Sectors/Mining.htm.