| | October 23, 2006
5.68% Zinc over Six meters in Trenching Expands Carrie Showing Diamond Drilling To Commence Wasi Creek Property, B.C.
Wasi Creek Project (Zinc, Lead, Silver)
Bard Ventures Ltd. ("Bard" or the "Company") is pleased to announce that based on the favorable results from the 2006 trenching program at the Wasi Creek Property, an additional program of diamond drilling will commence shortly. The Wasi Creek Property is under option from Selkirk Metals Holdings Corp. ("Selkirk"), a wholly owned subsidiary of Selkirk Metals Corp. (SLK:TSX Venture). The main focus of the 2006 program was on the Carrie Showing, which had only previously been evaluated by hand trenching and appears to be a parallel horizon to the Par Horizon, the focus of previous exploration on the Wasi Creek Property.
Earlier hand trenching of the Carrie Showing returned assays of 5.10% zinc, 2.89% lead, and 18.0 grams per tonne ("gpt") silver across a sample width of 10 meters. The mineralization is stratabound and the sulphides consist of sphalerite, galena, pyrite and traces of tetrahedrite and grain size varies from fine grained to coarse-grained. Zinc mineralization consists of fine grained pale sphalerite replacing breccia fragments or disseminated in the limy matrix of the breccia. Galena is usually present in trace amounts.
2006 Trenching Program
The 2006 trenching program at the Carrie Showing consisted of three trenches totaling approximately 203 meters, and was designed to delineate the extent of the zinc mineralization and to determine the strike and attitude of that mineralization for diamond drilling. Summaries of the trenches and significant intercepts are set out below.
Significant Trenching Results from the Carrie Showing
TRENCH FROM TO WIDTH ZINC LEAD SILVER
No. (m) (m) (m) (%) (%) (g/t)
CARRIE #2 0 30 30 2.42 - -
Includes 8 26 18 3.51 - -
Which includes 20 26 6 5.68 - -
The 2006 trenching program also included some work at the Par Showing which consisted of two trenches totaling approximately 60 meters.
Significant Trenching Results from the Par Showing
TRENCH FROM TO WIDTH ZINC LEAD SILVER
No. (m) (m) (m) (%) (%) (g/t)
PAR #1 18 22 4 3.58 .985 10.5
The results from 2006 trenching are significant enough to warrant continued exploration and an NQ diamond drilling program of approximately five holes / 1000 meters is planned. The work is due to commence shortly.
An additional program of mapping, prospecting and soil geochemistry is planned over the area south of the Par and Carrie Horizons, which yielded the best historic stream sediment geochemical response. This area may be the source of high grade boulders that were previously discovered by trenching of the Par Horizon. These boulders appear to be related to a source separate from both the Par and Carrie Horizons. Two of these boulders sampled by Selkirk returned assays of 26.30% zinc, 25.98% lead, and 96.3 gpt silver, and 8.46% zinc, 42.43% lead and 384.8 gpt silver.
The Company is funding exploration on the Property under the terms of an option agreement to earn a 50% interest in the Property with Selkirk being the Operator of the program. ACME Analytical Laboratories Ltd. of Vancouver analyzed the samples. Exploration work on the Property is being conducted under the supervision of Qualified Person Jim Miller-Tait, P. Geo, Vice President of Exploration, Selkirk Metals Corp.
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 HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF CONTENT OF THIS PRESS RELEASE |
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