December 15, 2008 Lone Pine Molybdenum Property 2008 Exploration SummaryBard Ventures Ltd. ("Bard" or the "Company") is pleased to provide this summary on the completed 2008 exploration activities on its 3,155 hectare Lone Pine Molybdenum Property (the "Property") situated in the Omineca Mining Division approximately 15 kilometres north-northwest of Houston, BC. The claims cover several known molybdenum showings named the Quartz Breccia, Granby, Mineral Hill Zones and the main high priority Alaskite Zone that has been the focus of the majority of the diamond drilling completed to date.
Diamond Drilling
The main exploration method, which started in January 2008, has been diamond drilling with emphasis on the Alaskite Zone and additional drilling completed in the Quartz Breccia and Granby Zones. Twenty-five drill holes totaling 15,739.6 metres were drilled in the Alaskite Zone, 2,476.7 metres were drilled in five drill holes in the Quartz Breccia Zone and 576.7 metres were drilled in two drill holes in the Granby Zone. A total of 18,793 metres were drilled in 2008 on the Lone Pine Property.
The drilling programs completed to date have provided positive results and have also confirmed molybdenum mineralization in all holes drilled over the entire Lone Pine Property. The drilling in the Alaskite Zone has confirmed a higher grade molybdenum core within a larger, approximately 550 metres by 310 metres in plan view, mineralized body that has a northwest/southeast attitude and a steep southwesterly dip. The significant assay results from the Company's drilling to date on the Lone Pine Property are tabulated below with the most significant intersections in the Alaskite Zone high-lighted in bold:
Alaskite Zone:
Drill Hole Number
From (m)
To (m)
Interval (m)
Mo%
MoS2 (%)
BD-07-09
23.0
95.0
72.0
0.042
0.070
211.0
247.0
36.0
0.038
0.063
BD-07-13
39
79
40
0.056
0.094
223
291
68
0.046
0.077
323
335
12
0.041
0.068
BD-07-15
3
360
357
0.045
0.075
103
179
76
0.072
0.120
235
360
125
0.054
0.090
BD-07-16
3
499
496
0.045
0.075
77
111
34
0.051
0.085
175
459
284
0.060
0.100
209
299
90
0.086
0.144
309
323
14
0.110
0.184
345
369
24
0.070
0.117
BD-07-21
41
126.45
85.45
0.058
0.097
BD-07-23
191
343
152
0.053
0.088
191
223
32
0.080
0.134
251
261
10
0.10
0.167
301
315
14
0.079
0.132
BD-08-24
11.94
523.0
511.06
0.07
0.12
253.0
523.0
270.0
0.10
0.17
367.0
447.0
80.0
0.15
0.25
BD-08-25
67.92
798.82
730.9
0.10
0.17
259.0
577.1
318.1
0.14
0.23
447.0
577.1
130.1
0.20
0.33
453.0
477.0
24.0
0.30
0.50
611.3
739.0
127.7
0.15
0.25
BD-08-28
59.00
789.00
730.00
0.10
0.17
297.00
335.00
38.00
0.15
0.25
377.00
549.00
172.00
0.15
0.25
BD-08-29
229.00
749.00
520.00
0.11
0.18
367.00
643.00
276.00
0.15
0.25
485.00
537.00
52.00
0.20
0.33
BD-08-30
129.00
189.10
60.10
0.05
0.08
237.00
349.00
112.00
0.05
0.08
BD-08-31
499.00
669.00
170.00
0.05
0.08
BD-08-32
323.00
727.00
404.00
0.08
0.13
390.93
428.60
37.67
0.11
0.18
447.00
621.00
174.00
0.11
0.18
BD-08-33
347.00
802.30
455.30
0.10
0.17
473.00
495.00
22.00
0.18
0.30
510.30
607.00
96.70
0.14
0.23
BD-08-34
329.00
829.00
500.00
0.08
0.13
565.81
733.34
167.53
0.12
0.20
587.00
677.00
90.00
0.15
0.25
BD-08-35
25.29
779.03
753.74
0.10
0.17
193.00
779.03
586.03
0.12
0.20
327.00
725.00
398.00
0.15
0.25
509.00
609.00
100.00
0.20
0.33
509.00
535.00
26.00
0.31
0.52
BD-08-36
16.15
534.20
518.05
0.07
0.12
205.00
507.00
302.00
0.10
0.17
BD-08-37
160.00
251.00
91.00
0.05
0.08
222.80
239.00
16.20
0.08
0.13
BD-08-38
171.00
695.00
524.00
0.11
0.18
323.00
625.00
302.00
0.12
0.20
BD-08-39
77.00
487.00
410.00
0.07
0.12
249.00
487.00
238.00
0.10
0.17
305.00
409.00
104.00
0.15
0.25
BD-08-40
127.00
457.00
330.00
0.05
0.08
261.00
317.00
56.00
0.08
0.13
BD-08-42
211.00
517.00
306.00
0.08
0.13
321.00
485.00
164.00
0.11
0.18
Quartz Breccia Zone:
Drill Hole No.
From (m)
To (m)
Interval (m)
Mo%
MoS2%
Au g/T
BDQ-08-01
185
425
240
0.06
0.10
309
351
42
0.10
0.17
BDQ-08-02
257
385
128
0.04
0.07
257
279
22
0.09
0.15
201
209
8
2.02
BDQ-08-03
295
419
124
0.06
0.10
327
359
32
0.10
0.17
227
229
2
5.40
281
283
2
5.28
BDQ-08-04
455
495
40
0.04
0.07
377
379
2
5.70
The last six drill holes in the 2008 exploration drilling program were designed to test the northwestern boundary of the Alaskite Zone. All drill holes encountered molybdenum mineralization although lower grade. The best drill hole was in BD-08-43 which encountered molybdenum mineralization with the best intercept being 232 meters of 0.04% Mo between 19--251m including 0.07% Mo over 46 meters between 55--101m. Drill holes BD-08-43 to BD-08-48 were vertical drill holes that collared into andesites and then continued to depth with intercalated andesite/alaskite before being shutdown in the quartz feldspar porphyry pluton.
Mapping
Geological surface mapping
A geological mapping program was initiated on the Lone Pine Property covering the Alaskite and Quartz Breccia Zones. Success in this mapping program has allowed Bard to better understand the constraints of the known alaskite intrusive as well as better enhance the future exploration on the property with additional proposed drill targets in other outlying areas of similar geological interest.
Orthophotography
Eagle Mapping Ltd., of Port Coquitlam, B.C., was contracted to complete an aerial photograph of the Lone Pine Property claims. These digital maps and orthophotography will be utilized in the forthcoming National Instrument 43-101 ("NI 43-101") resource estimate.
Resource Estimate and National Instrument 43-101 Report
After success of the drill holes in the Alaskite Zone, Bard has contracted Ron Simpson of GeoSim Services Inc. to complete a NI 43-101 compatible resource estimate and report on the project. The NI 43-101 report, though originally slated for release in the fourth quarter, is expected to be completed in early January 2009.
Metallurgical Studies
Bard submitted representative core of the Alaskite Zone molybdenum mineralization to G&T Metallurgical Services Ltd. of Kamloops, British Columbia, for metallurgical testing. This metallurgical report will be a component of the forthcoming NI 43-101 resource estimate.
Ideal location with established infrastructure
The Property has access to an existing infrastructure including:
Highway 16;
a natural gas pipeline;
a major hydro power transmission line and transformer sub-station; and
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 BD-08-43 to BD-08-48 were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 1E methodology. Analytical procedures consist of a 31 element ICP analysis followed by assay for any molybdenum ICP analyses greater than 4000 ppm.
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.
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