| | March 09, 2007
Lone Pine Molybdenum Property Update
Bard Ventures Ltd. ("Bard" or the "Company") is pleased to provide an update of exploration activities on its 3,155 hectare Lone Pine Molybdenum Property (the "Property") situated in the Omineca Mining Division approximately 15 km north-northwest of Houston, BC.
The Company wishes to report a very favourable comparison between the 1978 Granby Mining Corporation diamond drill results and Bard's first two 2007 drill holes as illustrated in the following summary table:
Hole Number |
From (m) |
To (m) |
Interval (m) |
MoS2 (%) |
ALASKITE ZONE |
|
|
|
|
|
|
|
|
|
Granby G78-2 |
3.6 |
352.3 |
348.7 |
0.060 |
Including |
3.6 |
105.0 |
101.4 |
0.078 |
|
|
|
|
|
Bard BD-07-1 |
3.0 |
490.1 |
487.1 |
0.050 |
Including |
17.0 |
59.9 |
42.9 |
0.078 |
And |
257.7 |
360.0 |
102.3 |
0.081 |
|
|
|
|
|
QUARTZ BRECCIA |
|
|
|
|
|
|
|
|
|
Granby G78-1 |
20.7 |
377.0 |
356.3 |
0.068 |
Including |
181.0 |
335.0 |
154.0 |
0.088 |
|
|
|
|
|
Bard BD-07-2 |
17.0 |
506.4 |
489.4 |
0.070 |
Including |
134.3 |
357.7 |
231.4 |
0.093 |
The Alaskite and Breccia Zones are located approximately 1,200 m apart in a north-south direction.
The other high priority area on the property that will be tested in the second phase of diamond drilling is the Granby Zone where in 1976 Granby Mining Corporation drilled 682.8 m in 12 short percussion holes. This area is located approximately 700 m to the east of the Quartz Breccia Zone, where a thin cover of biotite hornfels overlays a breccia similar to that found at the Quartz Breccia Zone. Vertical percussion hole number M3 intersected 0.176% MoS2 over 36.6 m from a downhole depth of 24.4 m to 61.0 m (final hole depth) which included a higher grade interval of 0.30% MoS2 over 18.3 m from 24.4 m to 42.7 m (ref. Assessment Report #6152).
Future Work
A geophysical survey grid has been completed and the Company plans to commence Induced Polarization (3-D Inversion) and magnetic surveys in the near future. The Company has secured a drill contractor for the second phase of diamond drilling which shall commence upon the completion and interpretation of the geophysical surveys. The second phase drill program will test the remaining untested targets as well as any new areas identified by the geophysical survey.
The existing infrastructure on the Property is excellent due to the proximity of Highway 16, a natural gas pipeline and a major hydro power transmission line and transformer sub-station. It is also located only 15 km from the CN rail line in Houston, BC.
Additional results from the remaining 5 holes drilled will be released as soon as assays have been received and interpreted.
Bard is earning a 100% interest in the Property under the terms of an option agreement (see News Release dated September 15, 2006). The Lone Pine exploration work is being conducted under the supervision of Qualified Person Jim Miller-Tait, P. Geo., a director of Bard. All Bard samples were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 1E methodology.
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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