| | February 08, 2008
Drilling Intersects 0.10% Mo (0.167% Mos2) Over 270 M At The Lone Pine Molybdenum Property, B.C. Second Drill Turning On Property
Bard Ventures Ltd. ("Bard" or the "Company") is pleased to announce the following drill results from its Lone Pine Molybdenum Property (the "Property"). The Property is located approximately 15 kilometers northnorthwest of Houston, BC, and is situated in the Omineca Mining Division.
Final assay results have been received and interpreted from drill hole BD-08-24 and holes BD-07-17 to 20 with the significant intervals tabulated below:
| Drillhole No. |
Total Depth (m) |
From (m) |
To (m) |
Interval (m) |
Mo% |
MoS2% |
|
|
|
|
|
|
|
| BD-08-24 |
629 |
11.94 |
523 |
511.06 |
0.07 |
0.12 |
|
|
|
|
|
|
|
| including |
253 |
523 |
270 |
0.1 |
0.17 |
|
|
|
|
|
|
|
|
| including |
367 |
447 |
80 |
0.15 |
0.25 |
|
Hole BD-08-24 was drilled vertically 100 m southwest of drill hole BD-07-15 (see News Release dated January 7, 2008) and was designed to extend the width of the Alaskite intrusive as well as to intersect favorable molybdenum mineralization at depth. BD-08-24 collared in Alaskite intrusive and remained in the intrusive for 500 m before intersecting mineralized andesite and ending in a coarser grained pluton. From the collar at 11.94 m to 523.0 m, BD-08-24 intersected 0.07% Mo (0.12% MoS2), including a higher grade zone from 253.0 to 523.0 m of 270.0 m of 0.10% Mo (0.17% MoS2)
The Alaskite intrusive is the main focus of the Lone Pine Property drilling and has been interpreted as being the most favorable lithology for molybdenum mineralization. To date the Alaskite intrusive is 200 m in length along its northwest-southeast strike and 260 m wide in plan view and molybdenum mineralization has been tested to a known depth of 798 m.
Hole BD-07-17 was collared 75 m north-northeast of BD-07-18 and drilled vertically, targeting the edge of an IP anomaly, and was a 100 m step out from the known Alaskite intrusive outcropping. It was anticipated that BD- 07-17 would better define the northeast mineralized contact and provide a geological boundary. Weakly mineralized andesites and dyking were intersected through to 194 m before the hole was shutdown.
Hole BD-07-18 was drilled vertically 100 m north of hole BD-07-15 and intersected a weakly mineralized andesites and coarse-grained intrusive pluton. This drill hole now marks the northeast extent of the mineralized corridor that makes up the Alaskite Zone. Geological and stratigraphic information from this hole will be used in a geological interpretation to assist additional targeting of the Alaskite Zone molybdenum mineralization.
Hole BD-07-19 was drilled vertically targeting the eastern extent of the Alaskite mineralized zone as well as the eastern extent of the Alaskite intrusive. The intrusive was intersected near the top of the hole in BD-07-19 with the drill hole staying in andesite and finally coarse-grained intrusive pluton through to 420.75 m. Molybdenum mineralization was encountered between 53.0 to 115.0 m averaging 0.05% Mo over 62.0 m, including 0.10% Mo over 14 m from 89.0 -- 103.0 m. Hole BD-07-19 continues to show moderate mineralization of the Alaskite Zone extending to the northeast.
Hole BD-07-20 targeted an IP anomaly 100 m east of BD-07-01 and was drilled vertically, intersecting weakly mineralized andesite through the entire drill hole.
The geological and stratigraphic information from all holes will be used in a geological compilation for comparison with the geophysical survey results for additional targeting of molybdenum mineralization.
A second drill has been added and has commenced drilling on the Quartz Breccia Zone located 1.2 km due north of the Alaskite Zone. This mineralization was intersected in hole BD-07-02 in February 2007, returning 0.054% Mo (0.09% MoS2) over 231.4 m from 134.3 m to 365.7 m. As the molybdenum mineralization encountered at the Quartz Breccia Zone is hosted by a quartz stockwork in brecciated andesite the exploration drilling will focus on the new I.P. and magnetic anomalies that may indicate an intrusive body similar to the Alaskite Zone as the source of the molybdenum.
Of importance to note is the existing infrastructure on the Property, which includes Highway 16, natural gas pipeline, a major hydro power transmission line and transformer sub-station, and it is located only 15 kilometers from the CN rail line in Houston, BC.
A plan of the drill holes in the Alaskite Zone may be viewed on the Company's website at www.bardventures.com.
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.
Samples from drill hole BD-07-17 to BD-07-20 were sent to Acme Analytical Laboratories in Vancouver utilizing the Group I E methodology and the above are the results received to date. Results for additional drill holes will be released when assay results are received and interpreted.
Samples from BD-08-24 were analyzed at Eco Tech Laboratories in Kamloops, British Columbia. Analytical procedures consist of a 28 element ICP analysis; package BICP-11, followed by assay for any molybdenum ICP analyses greater than 500 ppm.
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.
For all Bard Ventures Ltd. investor relations needs investors are asked to visit the Bard Ventures Ltd IR Hub at http://www.agoracom.com/IR/bardventures where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to cbs@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time. |
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You can view the Previous News Releases item: Tue Jan 22, 2008, Drilling Intersects 0.06% Mo (0.10% MoS2) Over 284 Meters at the Lone Pine Property, B.C.
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