| | March 16, 2006
Bard Ventures Ltd. And Slam Exploration Ltd. Sign Agreement
Vancouver, B.C. -- Bard Ventures Ltd. ("Bard") and SLAM Exploration Ltd. (TSX-V: SXL) ("SLAM") are pleased to announce a Joint Venture Management Agreement for the Opikeigen Lake gold property located near Fort Hope in northwestern Ontario. As Bard and SLAM each own 50% of the property, both companies will contribute an equal proportion toward exploration activities under the Joint Venture Agreement. SLAM will be the designated Operator on the property.
Bard and SLAM are planning to drill a gold-bearing zone known as OL12 which lies at the center of a gold mineralized system on the property. This mineralized system also hosts the Fort Hope Gold Mine to the south, Zone 29 to the north and Zone 41 located 700 metres to the east. Previous workers reported high grade gold intercepts as detailed in the following table:
Opikeigen Lake Zone 12: Selected Gold Intervals
Hole From (m) To (m) Width (m) Au (g/tonne)
OL-87-12 45.4 46 0.5 1.18
155.4 156.9 1.5 28.83
OL-87-34 96 97.6 1.6 1.66
OL-88-42 31.1 32.6 1.5 5.71
191.9 192.3 0.4 17.55
196.7 197.1 0.4 28.13
197.8 198.3 0.5 23.85
200.7 201.1 0.4 16.84
OL-88-44 117.1 117.9 0.8 1.54
200.6 202.4 1.8 3.42
OL-88-45 19.1 19.7 0.6 0.58
69.2 70.7 1.5 1.21
OL-88-46 124.1 124.9 0.8 8.91
143.1 143.3 0.2 12.76
143.3 143.4 0.1 113.87
143.6 143.8 0.2 49.66
OL-89-49 22 23.5 1.5 4.44
225.8 226.4 0.6 11.5
226.4 226.8 0.4 32.59
OL-89-50 50.5 51 0.5 2.06
55.6 56.1 0.5 1.08
234.9 235.9 1 1.05
248.8 251.5 2.7 1.47
The drill hole and assay results in the table above on the Opikeigen Lake Property are from an independent qualifying geological report by Peter E. Fox, Ph.D., P. Eng., dated 15 January 1999 and revised on 18 October 1999 entitled "Report on the Opikeigen Lake Project -- Fort Hope Area, Ontario". This data has been reviewed and exploration work is being conducted under the supervision of Qualified Person Derek F. Brown, P.Geo, Exploration Manager of SLAM.
The Opikeigen Lake property consists of 15 claims covering 18 units for a total of 288 hectares underlain by volcanic and sedimentary rocks. High grade gold mineralization in Zone 12 is associated with quartz veining in sheared and altered mafic volcanics in contact with sediments.
On behalf of:
Bard Ventures Ltd.
"Eugene Beukman"
Eugene Beukman, President
For further information please visit our website at www.bardventures.com.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. |
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