Bard Ventures Ltd signs an option agreement with the Merkley brothers of Houston, B.C. on the Lone Pine Claims in early 2007.
On January 11, 2007, Bard Ventures embarked on a seven drillhole NQ-2 diamond drill program covering the whole property comprising 2 holes in the Alaskite Zone (#1 and 7) and 1 hole in the Quartz Breccia Zone (#2). Foraco Drilling (formerly Connors Drilling Ltd) of Kamloops, BC, was contracted to perform the work. A total of 2,836.4 m of NQ-2 coring including 1103.10 m in the Alaskite Zone was completed on February 18, 2007.
Initiated in early 2007 Bard completed a 3D Induced Polarization (IP) and magnetic survey at Lone Pine.
A Petrographic and Mineralogical study was conducted on the Lone Pine Property Alaskite Zone and Quartz Breccia Zone in late August 2008.
A second program was run in order to infill the drill pattern and exploring for larger mineralized zones focusing mainly on the Alaskite Zone comprising holes BD-07-04, BD-07-08 and 09, and BD-07-13 to BD-07-23. Additional drilling was completed in the Quartz Breccia Zone (BD-07-06) following up BD-07-02. The program was completed on December 2007, and coring in Alaskite Zone totaled in 4,715.31 m.
The third program of holes, within the Alaskite Zone, BD-08-24 to BD-08-32 focused on extending the area of good results of holes BD-07-15, 16 and 23. All holes hit mineralized Alaskite between and intercalated with mineralized hanging and foot wall Andesite to a different degree.
In February 2008, another 5 holes were drilled in the Quartz Breccia Zone, holes BDQ-08-01 to BDQ-08-05 following up the results of BD-07-02 and BD-07-06.
Two holes were drilled into a third zone, the Granby Zone, pursuing the historical results encountered in percussion hole M-3.
A total of 9835.06m was drilled, and the third phase was completed in May 2008.
After the spring break, the fourth phase comprising of holes BD-08-33 to BD-08-48 was started in July, 2008. This program was initiated in order to explore the SW boundary of the Alaskite Zone and to infill the drill pattern on a basis of 50 m spacing to the North-East, and 100 m spacing to the North-West. 8,957.29 m were drilled until October, 2008.
A small surface mapping program was initiated in May of 2008 focussing on the Alaskite zone and surrounding areas.
A resource estimate and NI 43-101 commenced in June 0f 2008 with metallurgical samples sent in for processing.
An airborne orthophotography survey was flown in September 2008 with coverage of the entire Lone Pine Property Claims.
Bard has drilled 41 holes, totalling 21,557.36m, in the Alaskite Zone so far. 11 holes are collared in Alaskite, and average grades of 0.07 to 0.1 % Mo over at least 700 m from top to bottom of hole were found in BD-08-25, 28, 29, 35, 36, and 38. Drill holes BD-07-07, 08, 14 and 20 indicate the eastern termination of the mineralized zone, and BD-07-17, 41, and 44 indicate the NE edge of the mineralization. Drill holes BD-08-31, 32, 33, and 34 indicate that the Alaskite dips to the NNW at 70 deg and found the mineralized zone covered by very weak mineralized Andesite of varying thickness down to 950 m (#31) open to depth at the western margin.
