Page 62 ground follow up in advance of drilling and therefore ac celerates the focus on drill testing The assays of the core sam ples from BVI s drilling program were conducted by Accurassay Laboratories The samples were accom laboratory by geologists under contract to Bold V e n tures Samples are analyzed for gold platinum and pal assay procedures with an were also run for multiele ment geochemical analysis using an Aqua Regia Di gestion with an ICPOES a concentration of greater than 10000 ppm of any ele ment are reanalyzed for an ore grade assay for that elements Bold V e ntures Receives Permission From Marten Falls First Nations to Explore on its Koper Lake Project in the Ring of Fire Bold V e ntures Inc BVI announced on October 31 2012 that it has signed a Memo randum of Understanding with the Marten Falls First Nations MFFN to explore for chromite in the Koper Lake project optioned by BVI from Fancamp Exploration Ltd The Koper Lake project is located in the Ring of Fire area of the James Bay Lowlands northeastern Ontario The MOU is an agreement between BVI and MFFN to compensate MFFN for any impacts created by the project work within MFFN traditional territory The MOU also contains a commitment local job creation respectful stewardship of the land and environment as well as the promotion of business partnerships with MFFN and local service providers The property contains a known occurrence of massive chromite called the Black Horse occurrence One drill hole intersected massive chromite interpreted to have a true thick ness of approximately 35 to 55 m a second drill hole intersected intercalated chromitite and peridotite beds followed by massive chromite over interpreted true thicknesses of 20 to 25 m Composite samples taken at strict regularly spaced intervals throughout the mas sive chromite intersections had average Cr203 grades of 43 and 45 respectively This occurrence was encountered at depths of approximately 850 m vertically below surface There is a prominent gravity anomaly south of the chromite intersection at a position along the 4 km strike length between Noront Resources Ltd s Blackbird Cr deposit and KWGClif fs Resources Big Daddy deposit both of which are marked by similar gravity anomalies The BVI can earn up to 60 of the Koper Lake project by completion of those terms contained in the Option Agreement with Fancamp Exploration Ltd Contd from pg 61