Bolt Metals Completes Induced Polarization Survey at the Northwind Property
(TheNewswire)
Vancouver, British Columbia –TheNewswire - October 23, 2025 – Bolt Metals Corp. (“Bolt” or the “Company”) (TSXV: BOLT) (OTC: PCRCF) (FSE: A3D8AK), a North American mineral acquisition and explorationcompany, is pleased to announce that the Company has completed groundIP surveys in five geophysical high potential zones identified by ahistorical heliborne TDEM survey at its Northwind property.
Induced Polarization (IP) surveys were conducted overpromising target zones, which were initially identified as anomaliesfrom heliborne TDEM surveys (Fig. 1). These IP surveys covered 11.125line-km across five separate grids, utilizing 20 survey lines spaced200 metres apart with a dipole-dipole electrode array.
Analysis of the collected geophysical data revealedeight primary IP axes, indicating distinct polarizable anomaliesspread across the five surveyed grids. These findings generallycorrelate with low resistivity conductors. Some anomalies are alsoassociated with or located near electromagnetic (EM) conductors, whichwere highlighted by a heliborne MAG-EM survey conducted in 2017.Additionally, some of these anomalies show a relationship with weak tomoderate magnetic (MAG) anomalies.
This specific IP-RES signature suggests the presence ofdisseminated to sulfide-rich mineralization. This mineralization couldbe remobilized along faults or wide shear zones, or it might be hostedwithin altered beds or horizons that were conducive to the upwellingof hydrothermal fluids. All of these characteristics indicatefavorable targets for gold mineralization. The chargeability anomalieshave been grouped into what are termed polarizable axes, with eightsuch anomalies delineated after reviewing the IP data. The mostpromising targets were identified within IPG-1, IPG-3, and IPG-4.Based on these results, drill targets will be proposed to confirm themineral potential of these IP anomalies.
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Fig-1: The IP Surveys Ground Model ofApparent Chargeability at 80 m of Vertical Depth in NorthwindProperty
The Northwind property comprises a package of 53claims, covering approximately 2,986 ha of ground, in the marginalzone of the Urban-Barry greenstone belt of the Abitibi geologicalsubprovince of Quebec. The claims are strategically located proximalto numerous showings and several regionally significant discoveries,including the Windfall gold deposit, and is situated only 15 km fromthe Northwind claims.
Readers arecautioned that the geology of nearby properties is not necessarilyindicative of the geology of the Property.
The bedrock geology of the Northwind claims isdominated by east-west striking packages of diorite, pegmatiticgranite+tonalite and gneissic tonalite, with a lesser portion ofbasalt mapped in the northeast quadrant. The claims are bound to thesouth and southwest by a volcano-sedimentary terrane that hostsseveral notable gold deposits.
Zac Kotowych, CEO of the Company, commented: “Goldprices have recently witnessed a historic surge, reaching anunprecedented all-time high of approximately US$4,381 per ounceearlier this week. This monumental increase, driven by sustainedcentral bank accumulation, ongoing geopolitical uncertainties, andheightened global inflationary pressures, substantially enhances the projected economic viability and strategicimportance of gold exploration assets worldwide, including Bolt’sNorthwinds project.”
The Company believes that the Northwinds Gold Deposit is poised topotentially benefit from this elevated commodity pricing environment.
Increased ProjectEconomics: A higher gold price lowers the effectivecut-off grade and improves the economics of potential future golddiscoveries or resource definition, maximizing the value per ounce ofgold.
StrategicPositioning: The current market environment validatesthe Company’s focus on high-potential, drill-ready mineralproperties. The Northwinds property, which features multiple shearzones and high-priority exploration targets identified throughprevious work, now represents a significantly more compellingopportunity for a potential discovery.
Catalyst forExploration: The Company believes that a strong goldmarket may create ideal conditions for securing investment andfinancing. Bolt is planning a comprehensive program at its Northwindsproperty in 2026.
The Company also announced that it has entered into anon-binding letter of intent with Max Iron Brazil Ltd. to acquire anoption to earn a 100% interest in a iron property in Brazil (the“Property”). Under the proposed terms, Bolt will pay USD$200,000 toJaguar Mining Inc. on behalf of Max Iron Brazil Ltda. (“Max Brazil”), keepthe property in good standing, and issue an aggregate of 26,200,000common shares to Max Brazil and 6,094,679 common shares to MaxResource Corp. over a 30-month period.
The Property, located in Brazil and originally heldunder mineral right 832.022/2018, covers a district-scale landposition within the Iron Quadrangle, a prolific mining regionhistorically known for its high-grade gold and base-metal productionand existing mining infrastructure. Completion of the transactionremains subject to satisfactory due diligence, definitivedocumentation, and applicable regulatory approvals.
The Company is also pleased to announce to announce anon-brokered private placement of up to $1,500,000 units of theCompany (the "Units" and each, a "Unit") at aprice of $0.20 per Unit (the "Private Placement").Each Unit shall consist of one common share in the capital of theCompany (a "Share") and one Share purchase warrant (a"Warrant"), whereby each Warrant shall be exercisable at $0.40into an additional Share for a period of 36 months from the date ofissuance. Proceeds from the sale of the Units will be used for generalworking capital purposes. Closing of the Private Placement, subject tothe receipt of all necessary regulatory and other approvals. Allsecurities issued pursuant to the Private Placement will be subject toa statutory hold period under applicable Canadian securities laws offour months and one day from the date of closing of the PrivatePlacement. In addition to the Private Placement,the Company also announced a non-brokered private placement of up to2,565,000 units of the Company (each, a “Life Unit”) at aprice of $0.20 per Life Unit for gross proceeds of up to $513,000 (the“Offering”). Each Life Unit will consist of one common share in thecapital of the Company (a “Life Unit Share”) to be issued pursuant to Part 5A (the “Listed Issuer FinancingExemption”) of National Instrument 45-106 –ProspectusExemptions (“NI 45-106”), andone Common Share purchase warrant (a “Life Warrant”) ofthe Company to be issued under the “accredited investor” exemptionor any other applicable exemptions from any prospectus requirements as contained in NI 45-106. Each Life Warrantwill entitle the holder thereof to acquire one common share of theCompany (a “Life WarrantShare”) at a price per Life Warrant Share of$0.40 for a period of 24 months from the date of issuance. TheWarrants will be exercisable 60 days following the closing date of theOffering. The Company is also pleased toannounce that it has entered into debt settlement agreements (the“SettlementAgreements”) to settle outstanding debts owedto certain arm’s length creditors (the “Creditors”)totaling an aggregate of $328,250 (the “Debt Settlement”).Pursuant to the Settlement Agreements, the Company has agreed to issuean aggregate of 1,641,250 common shares (“Debt Shares”) at adeemed price of $0.20 per Debt Share. The Company will seekshareholder consent pursuant to CSE Policy 4, as the PrivatePlacement, Offering and Debt Settlement will result in the Companyissuing more than 100% of the currently issued and outstanding commonshares.
Qualified person
The technical content of this news release has beenreviewed and approved by Mr. Babak Vakili Azar, P.Geo. (EGBC#62313,OGQ#10876), a qualified person as defined by National Instrument43-101. Historical reports provided by the optionor were reviewed bythe qualified person. The information provided has not been verifiedand is being treated as historic.
About Bolt Metals Corp.
Bolt Metals Corp. is a North American mineralacquisition and exploration company focused on the development ofquality precious and base metal properties that are drill-ready withhigh-upside and expansion potential. Bolt trades on the CSE Exchangeunder the symbol BOLT, the OTC under the symbol PCRFC and in Germanyunder the WKN A3D8AK.
BOLT METALS CORP.
Zac Kotowych, CEO and Director
For more information, please email info@boltmetals.com or visitwww.boltmetals.com.
Neither the Canadian SecuritiesExchange nor its Regulation Services Provider accepts responsibilityfor the adequacy or accuracy of this release.
Forward-looking statements:
This news release includes"forward-looking statements" under applicable Canadiansecurities legislation. Such forward-looking information reflectsmanagement's current beliefs and is based on a number ofestimates and/or assumptions made by and information currentlyavailable to the Company that, while considered reasonable, aresubject to known and unknown risks, uncertainties, and other factorsthat may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookingstatements. Readers are cautioned that such forward-looking statementsare neither promises nor guarantees and are subject to known andunknown risks and uncertainties including, but not limited to, generalbusiness, economic, competitive, political and social uncertainties,uncertain and volatile equity and capital markets, lack of availablecapital, actual results of exploration activities, environmentalrisks, future prices of base and other metals, operating risks,accidents, labour issues, delays in obtaining governmental approvalsand permits, and other risks in the mining industry.
The Company is presently anexploration stage company. Exploration is highly speculative innature, involves many risks, requires substantial expenditures, andmay not result in the discovery of mineral deposits that can be mined profitably.Furthermore, the Company currently has no reserves on any of itsproperties. As a result, there can be no assurance that suchforward-looking statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements.
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