| | February 12, 2007
Drill Turning on the Lone Pine Molybdenum Property
Lone Pine Molybdenum Property:
Bard Ventures Ltd. ("Bard" or the "Company") is pleased to announce that the drill program of NQ2 core size is well underway. Five holes have been completed to date for a total of 2,013 metres drilled. It is anticipated that an additional 800 meters in 2 more holes will be completed. The holes are widely spaced and have served to define an area on a north-south axis of 1,100 metres and 1,050 metres in an east-west axis.
Exploration or mining activities have been conducted on and around the area of the Lone Pine Claims since early in the last century, with a considerable amount of geological, geophysical, and geochemical work having been done on the Property. A number of different companies have worked on the Property previously, including Canex Aerial Exploration Ltd., Molymines Exploration Limited, Cominco Ltd., Granby Mining Company and Noranda Mining and Exploration Inc. Several programs of diamond and reverse circulation drilling have been conducted on the Property since the mid seventies; the most notable of which was the program in 1978 where a hole drilled in the Quartz Breccia Zone returned 356.3 meters of 0.068% MoS2 from 20.7 to 377 meters which included 154 meters of 0.088% MoS2 from 181 to 335 meters. Additionally, a second deeper diamond drill hole drilled during this program, which was drilled in the Alaskite Zone, returned 343.7 meters of 0.06% MoS2 from 3.6 to 352.3 meters, including 101.4 meters of 0.078% MoS2 from 3.6 to 105 meters. Both of the above drill holes were terminated in mineralization. The Company has not verified any of the results reported in this release. The figures reported were produced prior to NI 43-101.
Wasi Creek Project (Zinc-Lead-Silver)
The Company is also 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 has been completed. The Wasi Creek Property is under option from Selkirk Metals Holdings Corp. ("Selkirk"), a wholly owned subsidiary of Selkirk Metals Corp. (SLK:TSX Venture).
Four diamond drill holes totaling 1,094 metres were completed in late 2006 targeting the Carrie Showing and the northern end of the Par Horizon. The three holes drilled to hit the projection of the Carrie showing failed to encounter any significant base metals. The fourth hole drilled into the northern end of the Par Horizon intersected 5.61% zinc, 0.41% lead and 7.2 g/t silver over a width of 1.45 metres from a down hole depth of 196.25 to 197.70 metres. The estimated true thickness is 1.35 metres. The mineralization consists of honey colored sphalerite, galena and pyrite.
The data will be merged into the Company's database and further work, which may include a ground based gravity survey to locate the source of high grade boulders of which the source has not been discovered, will be planned (refer to News Release dated November 8, 2006).
The Company is funding exploration on the Property under the terms of an option agreement to earn a 50% interest in the Wasi Property with Selkirk being the Operator of the program. ACME Analytical Laboratories Ltd. of Vancouver analyzed the samples. The Lone Pine and Wasi exploration work is being conducted under the supervision of Qualified Person Jim Miller-Tait, P. Geo, Vice President of Exploration, Selkirk Metals Corp., and a director of Bard.
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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