|February 28, 2013|
The Grouse Mountain Property Exploration Update
February 28, 2013 - Vancouver, British Columbia, Canada: Bard Ventures Ltd. (the "Company") is pleased to announce that its technical staff is planning the next phase of exploration on its 100% owned Grouse Mountain Property (the "Property") (see news releases dated May 9, 2007 and October 12, 2011). The Property is located approximately 15km north-northwest of Houston, BC, and is situated immediately to the north of Bard's Lone Pine Molybdenum Project in the Omineca Mining Division.
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 Company's regional office will complete field studies to evaluate previously identified targets. A detailed exploration program is planned for the Property to further identify and prioritize drill targets that will form part of the next drill program.
In 2009 the company completed a reconnaissance soil sampling and mapping program to the east of Coppermine Lake and east of historical mineralized structures hosting copper, zinc, lead and silver mineralization. A compass, chain and flagged grid was established over southwest facing slopes of the Property where 402 soil samples were collected at 50m intervals over grid lines established 200m apart. The result of the survey highlighted at least five, near east-west trending copper-zinc-silver geochemical anomalies located in the northern half of the soil sampling grid which were traced intermittently over a distance of 1000m in length.
In 2010 the northern half of the reconnaissance soil sampling and mapping grid was re-established with infill grid lines at 100m centers and sample sites located at 25m intervals. The results of the combined 2009/2010 soil sampling programs clearly defined several elevated and anomalous multi element copper, lead, zinc and silver geochemical trends which closely parallel the orientation of historical mineralization associated with the projected southwesterly extension of the Rainstorm, Creek, Copper Crown and Ruby mineralized structures. Several new anomalous geochemical trends were also identified to the north of the Rainstorm Zone; these zones are open to extension to the North. Prospecting and mapping across the sampling grid has located historical trench, adit and drill hole sites. As previously announced, a trench grab sample located along the projected trace of the Copper Crown mineralized trend returned 1.0% Copper, 17.75% Zinc and 110.5gm Silver.
Historical VLF-EM geophysical surveys have proved successful in tracing the historical mineralized structures identified to date and is therefore recommended to locate and prioritize future drill hole targets.
The Grouse Mountain exploration work is being conducted under the supervision of Qualified Person Rick Kemp, P.Geo, Vice-President-Exploration of Bard. Mr. Kemp has read and approved the technical content of this news release.
On behalf of:
Bard Ventures Ltd.
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.
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