Incorrect. You didn't post all of it. Here it is for everyone.

The Company has entered into an option agreement with Noront Resources Ltd (TSXV:NOT) ("Noront"), subject to regulatory approval, to acquire a 50% legal and beneficial interest (subject to a 2% NSR) in 96 claim units covering approximately 3800 acres on the "Ring Of Fire", McFaulds Lake area, Ontario.

Bold Ventures has funded two Geophysical airborne programs on this claim group. Firstly an Aerotem geophysical survey was conducted and then secondly a helicopter V-TEM airborne program. The data from the surveys has been received and assessed. Noront and Bold have determined that no drill targets were identified and therefore both companies have determined not to conduct further exploration work on the claims. Noront and Bold have signed a mutual option termination and release with respect to the claim block.