| | July 09, 2010
First Phase of 2010 Exploration Program on the Grouse Mountain Property
Bard Ventures Ltd. ("Bard" or the "Company") is pleased to announce that the start up of the 2010 field program on the Grouse Mountain Property will begin shortly. It is designed to follow up on encouraging results obtained in the 2009 summer field program. The Grouse Mountain Property is located approximately 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division.
The 2009 Grouse Mountain exploration program consisted of a soil geochemical survey and mapping program located to the southwest and on strike of historical showings and zones of base and precious metal mineralization. The soil geochemical survey covered an area 1.5km X 2.0km where survey lines were established at 200m centers. Soil samples were collected at 50m intervals. The results of this program defined several multi element copper, zinc and silver geochemical trends which can be traced intermittently over a distance up to 1000m. The attitude of these newly defined trends closely parallel the orientation of the Rainstorm Creek, Copper Crown and Ruby mineralized zones. The results of the 2009 exploration program are considered significant identifying new mineralized trends requiring additional follow up work.
The 2010 exploration program will consist of detailed prospecting, mapping and sampling along these geochemical trends defined by the 2009 soil sampling program. Based on the results of this program, trenching will be completed followed by drilling on high priority targets of merit.
Exploration on the Property dates back to 1914 when chalcopyrite/sphalerite mineralisation was first discovered on the Grouse Mountain Property. During the period 1915 to 1927, extensive drifting and raising was completed on two levels on the Ruby Zone, with some work being done on the Lakeview Zone. After an approximate 30 year hiatus, a company drilled 5,700 meters of diamond drilling and rehabilitated the underground workings. During 1970, VLF-EM surveys and 1,282 metres of diamond drilling were completed. This was followed by various geochemical/geophysical surveys and additional drilling in 1984 when the operators added a further 720,000 tonne inferred resource to the existing 320,000 tonnes of 0.38% copper, 4.23% zinc, and 0.88 g/t silver. (These resource calculations were completed prior to National Instrument 43-101 and therefore are non-compliant with current regulations) A short exploratory drill program in 1990 is the last known major work done on the Property. It has been reported that there has been over 1,100 meters of underground development completed on the Property. The claims are also prospective for porphyritic molybdenum deposition.
The Property is underlain by Mid Jurassic volcanoclastic sediments of the Smithers Formation, and Lower Jurassic pyroclastic tuffs and breccias of the Telkwa Formation. A number of east-northeasterly trending veins occur on the Property that was formed within steep normal fault planes. These fault zones were ideal conduits for mineralising mesothermal hydrothermal fluids. The copper-zinc-silver +/- gold quartz/carbonate veins encountered is typically mineralized with pyrite/sphalerite/chalcopyrite, with lesser galena and tetrahedrite. Previous petrographic studies have indicated some of the numerous mineralised structures may actually be stratiform massive sulphides.
The Property has an ideal location for operations with established infrastructure including close proximity to:
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. Bard is earning a 100% interest in the Property under the terms of an option agreement (see News Release dated May 9, 2007). The Grouse Mountain exploration work is being conducted under the supervision of Qualified Person Rick Kemp, P.Geo., Vice President Exploration of Bard.
On behalf of:
Bard Ventures Ltd.
"Eugene Beukman"
Eugene Beukman, President
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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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