VANCOUVER, BC – June 19, 2025 – TheNewswire – Boksburg Ventures Inc. (the “Company” or “Boksburg”) a reporting issuer in British Columbia, is pleased to announce that it has engaged Rio Minerals Ltd. (“Rio”) to commence the work program at the Loljuh Project once ground conditions permit. The Loljuh Project covers a surface area of 1,656 hectares and is located 40 km south of the community of Smithers, within the Omineca Mining Division of British Columbia.
The 2019 exploration program on the property outlined two large scale multi-element (Cu, Au, Ag, Mo) soil geochemical anomalies that coincide with known mineralized showings located within the property boundaries. The 2025 exploration program will focus on extending soil survey lines in areas where anomalies remain open, as well as adding infill lines to better delineate the anomalies. Rock sample locations that previously returned significant values will be revisited for hand trenching and further sampling. In addition, areas identified during a 2022 airborne survey will be examined through ground-based follow-up work to assess their potential.
The presence of diverse mineralization styles—including porphyry Cu-Mo, sub-volcanic Cu-Ag, and skarn—suggests the potential for a well-preserved magmatic-hydrothermal system. The planned exploration program will gather data to support this model and establish a foundation for the next phase of project development.
The scientific and technical information in this news release was reviewed and approved by Mr. Fred Tejada, P.Geo., a Qualified Person, as defined by NI 43-101. Mr. Tejada is an insider of the Company by virtue of the Loljuh Option Agreement.
The Company also announces that it has closed the second and final tranche of its non-brokered private placement. The Company issued 1,600,000 units (the “Units”) at a price of $0.05 per Unit for gross proceeds of $80,000 (the “Unit Offering”). Each Unit is consists of one common share (each, a “Share”) and one transferable common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at a price of $0.10 for a period of five (5) years from the date of issuance.
The Company also closed a non-brokered private placement of 41,500 common shares (the “Shares”) at a price of $0.05 per Share for gross proceeds of $2,075 (the “Share Offering”).
All securities issued pursuant to the Unit Offering and the Share Offering are subject to applicable hold periods in accordance with securities regulations.
The net proceeds from both offerings will be used for general working capital purposes. No finder’s fees were paid in connection with either the Unit Offering or the Share Offering.
The Loljuh Property, Omineca Mining Division, British Columbia: The Company’s Loljuh Property consists of one mineral claim covering approximately 1,656.73 hectares in the Omineca Mining Division of Central British Columbia, Canada. The Loljuh Property is located approximately 40 km south of the community of Smithers and 29 km west of the community of Houston.
The Loljuh Property is a grassroot property located within the highly prospective Skeena Arch – an uplifted, northeast trending geological belt that forms part of a long-lived magmatic arc. This region is known for hosting a diverse range of mineral deposits and extends across central British Columbia. The Skeena Arch is considered one of the most richly mineralized terranes in the province.
On behalf of the Board of Directors
“Johannes (Theo) van der Linde”
Johannes (Theo) van der Linde
Director & Interim CEO
Phone: (604) 687-2038
Forward Looking Statements Disclaimer
This news release contains forward-looking statements relating to the timing and completion of the Proposed Transaction, the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements, other than statements of historical fact, included in this release, including statements regarding the Proposed Transaction and the future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions to completion of the Proposed Transaction set forth above and other risks detailed from time to time in the filings made by the Company pursuant to applicable Canadian securities laws.
The reader is cautioned that assumptions used in the preparation of any forward-looking statements herein may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that the Proposed Transaction will be completed on the terms and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect, and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
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