Bard Ventures' Drilling Results Increase Grades of Molybdenum at B.C.Property

Montag, 08.09.2008 20:55 von Hugin - Aufrufe: 215

Lone Pine Drilling Intersects 0.31% Mo (0.52% MoS2) over 26 meters as
part of 753.74 meters of 0.10% Mo (0.17% MoS2)
 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - September 08, 2008) - Bard
Ventures Ltd. ("Bard" or the "Company") (TSX VENTURE: CBS) has
received results from the much anticipated BD-08-35 drill hole and is
very pleased to announce the following drill results from its Lone
Pine Molybdenum Property (the "Property"). The Property is located
approximately 15 kilometers north-northwest of Houston, BC, and is
situated in the Omineca Mining Division.
 
"Our drilling results compare favourably to those of major players
such as Thompson Creek Metals Company Inc., General Moly, Inc. and
Roca Mines Inc.; and in comparing these recent grades to those of
previous drill holes, these intersections are increasingly more
mineralized. These results will also help build a strong investor
confidence despite the current volatile market," said Bard's
President, Eugene Beukman. "We can now move forward to finalizing the
resource estimate in our NI 43-101 report."
 
Final assay results have been received and interpreted from drill
holes BD-08-35 and BD-08-36.
 
--------------------------------------------------------------------------
Drill Hole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2%
--------------------------------------------------------------------------
BD-08-35 779.03 25.29 779.03 753.74 0.10 0.17

-----------------------------------------------------------
including 193.00 779.03 586.03 0.12 0.20

-----------------------------------------------------------
including 327.00 725.00 398.00 0.15 0.25

-----------------------------------------------------------
including 509.00 609.00 100.00 0.20 0.33

-----------------------------------------------------------
including 509.00 535.00 26.00 0.31 0.52
--------------------------------------------------------------------------
BD-08-36 578.48 16.15 534.20 518.05 0.07 0.12

-----------------------------------------------------------
including 205.00 507.00 302.00 0.10 0.17
--------------------------------------------------------------------------
 
Hole BD-08-35 collared into intercalated hornfelsed andesite and
alaskite intrusive between 25.29 - 33.00m before continuing in
alaskite intrusive to the end of the drill hole at 779.03m. BD-08-35
was shutdown prematurely in alaskite intrusive due to difficult
drilling conditions. It is anticipated that molybdenum mineralization
continues to depth. BD-08-35 is a vertical drill hole collared
approximately 50 meters northeast of BD-08-25 that ran 0.10% Mo over
730.90m including 130.10 meters of 0.2% Mo.
 
Hole BD-08-36 was a vertical drill hole collared 100m northwest of
BD-08-24. The drill hole collared into alaskite intrusive at 16.15m
through to 534.20m before encountering the quartz feldspar porphyry
pluton. BD-08-36 was shutdown at 578.48m.
 
Main Focus: Alaskite Zone
 
The Alaskite Zone is aptly named for the white, fine to medium
grained quartz feldspar porphyry intrusive that was recognized and
mapped in outcrop in 1967 as Alaskite. 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. The alaskite intrusive to date continues to be
drilled to the northwest of its original outcropping occurrence,
BD-07-01 area, with exploration advancement to the northwest ongoing.
 
The alaskite intrusive has been interpreted to plan view as being
currently 510m in length and 310m in width with molybdenum
mineralization tested to a depth of 843m. A higher grade corridor of
molybdenum mineralization has been outlined within the Alaskite
intrusive as shown in the favourable assay results from BD-07-16,
BD-08-24, BD-08-25, BD-08-28, BD-08-29, BD-08-32 and now BD-08-35 and
BD-08-36.
 
Geological and stratigraphic information from all holes as well as
recent surface mapping suggests the alaskite intrusive continues to
the northwest. The geophysical surveys, total field magnetics in
particular, concur with this geological interpretation.
 
Mapping initiatives to begin
 
Bard is pleased to announce that Eagle Mapping Ltd., of Port
Coquitlam, B.C., has been contracted to initiate aerial photography,
digital mapping, and orthophotography of the Lone Pine Property
claims with focus on the Alaskite Zone for the purposes of
advancement of the expected resource estimate and National Instrument
43-101.
 
Lone Pine Property Highlights
 
The Property's location is ideal with 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-08-35 and BD-08-36 are being 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.
 
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, President
 
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.
 
Forward-looking statements:
 
This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical fact, that address events or
developments that Bard Ventures Ltd. expects to occur, are forward
looking statements.
 
Forward looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or that
events or conditions "will", "would", "may", "could" or "should"
occur. Although Bard Ventures Ltd. believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future realities
and actual realities may differ materially from those in forward
looking statements. Factors that could cause the actual realities to
differ materially from those in forward-looking statements include
market prices, exploitation and exploration success, continued
availability of capital and financing and general economic, market or
business conditions. Investors are cautioned that any such statements
are not guarantees of future realities and actual realities or
developments may differ materially from those projected in the
forward-looking statements. Forward looking statements are based on
the beliefs, estimates and opinions of Bard Ventures Ltd.'s
management on the date the statements are made. Unless otherwise
required by applicable securities laws, Bard Ventures Ltd. expressly
disclaims any intention and assumes no obligation to update or revise
any forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors, should change,
whether as a result of new information, future events or otherwise.
 
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of content of this press
release.
Contacts:
Bard Ventures Ltd.
Eugene Beukman
President
(604) 687-2038
(604) 687-3141 (FAX)
Website: www.bardventures.com
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