Bard Ventures Ltd.
TSX VENTURE : CBS

Bard Ventures Ltd.

January 07, 2008 12:07 ET

Bard Ventures Ltd.: Drilling Intersects 0.072% Mo (0.120% MoS2) Over 76 Metres as a Portion of 357 Metres of 0.045% Mo (0.075% MoS2) at the Lone Pine Project, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2008) - Bard Ventures Ltd. ("Bard" or the "Company") (TSX VENTURE:CBS) is pleased to announce the following update on 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.

Final assay results have been received and interpreted from drill holes BD07-13 and BD07-15 with the significant intervals tabulated below:



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Total
Drillhole Depth From To Width
No. (m) (m) (m) (m) Mo% MoS2%
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BD07-13 549 39 79 40 0.056 0.094
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223 291 68 0.046 0.077
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323 335 12 0.041 0.068
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BD07-15 360 3 360 357 0.045 0.075
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103 179 76 0.072 0.120
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235 360 125 0.054 0.090
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BD07-13 was drilled at a -90 dip and designed to delineate the eastern boundary of the Alaskite intrusive by drilling into an IP anomaly. These geophysical anomalies are interpreted to provide insight into molybdenite mineralization. BD07-13 encountered 364m of hornfelsed andesite with intermittent intercalated alaskite intrusive before ending in 182m of coarse grained quartz feldspar porphyry. The andesitic rocks are host to moderate stockwork quartz veining and provided intervals of significant molybdenum mineralization.

BD07-15 was drilled at a -90 dip and designed to better define the depth of the known Alaskite intrusive that occurs at surface and is known to have a northwesterly strike. BD07-15 encountered approximately 176m of alaskite intrusive before ending in approximately 181m of hornfelsed andesite. This significant intercept of alaskite intrusive and the associated zones of molybdenum mineralization have given the Company a greater understanding of this mineralized intrusive. The significant molybdenum mineralization within the lower portion of the drillhole within the andesitic rocks has offered greater insight into the depth of which molybdenum mineralization has penetrated the volcanics.

During the Phase I and II NQ Diamond Drilling program, a total of 8,210 meters were drilled with all holes encountering encouraging visual molybdenum mineralization. (See News Release dated December 19, 2007).

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. All samples up to drill hole BD07-13 and 15 were sent to Acme Analytical Laboratories in Vancouver utilizing the Group 1E methodology and the above are the results received to date. Samples from drill holes BD-07-21 through to BD-07-23 have been sent to Eco-Tech Laboratories in Kamloops, British Columbia. Results for additional drill holes will be released when assay results are received and interpreted.

Please visit the Company's website at www.bardventures.com.

On behalf of:

Bard Ventures Ltd.

Eugene Beukman, President

Eugene Beukman will go "Beyond The Press Release" on the Company's official Investor Relations Site at http://www.agoracom.com/ir/bardventures, where these results will be discussed in detail. The recording is expected to be available on or after January 7, 2008.

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.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.

Contact Information

  • Bard Ventures Ltd.
    Eugene Beukman
    President
    (604) 687-2038
    (604) 687-3141 (FAX)
    Website: www.bardventures.com