Bard Ventures Ltd.
TSX VENTURE : CBS

Bard Ventures Ltd.

November 04, 2008 07:00 ET

Bard Ventures Ltd.: Drilling Intersects 0.10% Mo (0.17% MoS2) Over 238 m at the Lone Pine Molybdenum Property, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2008) - Bard Ventures Ltd. ("Bard") or (the "Company") (TSX VENTURE:CBS) has received the results from BD-08-39 and BD-08-40 drill holes 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.

Final assay results received and interpreted from drill holes BD-08-39 and BD-08-40 are as follows:



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Drill Total Interval
hole No. Depth (m) From (m) To (m) (m) Mo% MoS2%
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BD-08-39 572.08 77.00 487.00 410.00 0.07 0.12
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including 249.00 487.00 238.00 0.10 0.17
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including 305.00 409.00 104.00 0.15 0.25
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BD-08-40 556.84 127.00 457.00 330.00 0.05 0.08
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including 261.00 317.00 56.00 0.08 0.13
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Hole BD-08-39, a vertical drill hole, collared into alaskite at 15.37 meters and continued in the intrusive through to 180 meters before intersecting intercalated alaskite and andesite rocks to 260 meters. Alaskite intrusive was encountered again from 260 - 413 meters, with andesite between 413 - 556 meters. The hole was shutdown in quartz feldspar porphyry pluton at 572.08 meters. BD-08-39 was collared between drill holes BD-07-16 and BD-08-24 and was designed to test the northern extent of the high grade corridor encountered by other alaskite zone drill holes. Favorable molybdenum mineralization and abundant stock work veining was visible throughout the drill hole correlating well with grade and the geological interpretation.

Hole BD-08-40, a vertical drill hole, was collared 100 meters northwest of BD-08-39 and 50 meters northeast of BD-08-36. The drill hole collared into andesite at 12.20 meters before intersecting lengthy intervals of intercalated alaskite and andesite between 23.60 - 531.00 meters. The barren quartz feldspar porphyry pluton, encountered at 531 meters was drilled to a depth of 556.84 meters before the hole was shutdown.

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, drill hole BD-07-01 area, with exploration advancement to the northwest ongoing. The alaskite intrusive has been interpreted to plan view as being currently 510 meters in length and 310 meters in width with molybdenum mineralization tested to a depth of 843 meters. 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, BD-08-35 and BD-08-38.

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.

Ideal location with established infrastructure

The Property has 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 at http://www.bardventures.com/s/NewsReleases.asp?ReportID=170873). The Lone Pine exploration work is being conducted under the supervision of Qualified Person Jim Miller-Tait, P. Geo., a Director of Bard.

On behalf of:

Bard Ventures Ltd.

Eugene Beukman, President

For further information please visit our website at www.bardventures.com.

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.

Contact Information

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