Bard Ventures Ltd.
TSX VENTURE : CBS

Bard Ventures Ltd.

September 08, 2008 14:38 ET

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

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 - Sept. 8, 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.



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Drill Hole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2%
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BD-08-35 779.03 25.29 779.03 753.74 0.10 0.17
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including 193.00 779.03 586.03 0.12 0.20
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including 327.00 725.00 398.00 0.15 0.25
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including 509.00 609.00 100.00 0.20 0.33
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including 509.00 535.00 26.00 0.31 0.52
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BD-08-36 578.48 16.15 534.20 518.05 0.07 0.12
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including 205.00 507.00 302.00 0.10 0.17
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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.

Contact Information

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