Bard Ventures Ltd.
TSX VENTURE : CBS

Bard Ventures Ltd.

January 22, 2008 07:00 ET

Bard Ventures Ltd.: Drilling Intersects 0.06% Mo (0.10% MoS2) Over 284 Meters at the Lone Pine Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 22, 2008) - Bard Ventures Ltd. (TSX VENTURE:CBS) ("Bard" or the "Company") is 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 have been received and interpreted from drill hole BD07-16 with the significant intervals tabulated below:



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Drillhole Total Depth From To Interval
No. (m) (m) (m) (m) Mo% MoS2%
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BD07-16 499 3 499 496 0.045 0.075
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including 77 111 34 0.051 0.085
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including 175 459 284 0.060 0.100
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including 209 299 90 0.086 0.144
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including 309 323 14 0.110 0.184
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including 345 369 24 0.070 0.117
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Hole BD07-16 was designed to explore the extent of the favorable Alaskite intrusive between drill holes BD07-01 and BD07-15. The Alaskite intrusive contains the disseminated molybdenite and associated surrounding stratigraphy contains the contact fracture veins and veinlets with associated molybdenum mineralization. Hole BD07-16 was drilled 75 meters northwest of hole BD07-01 and 125 meters southeast of hole BD07-15. The drill hole intersected approximately 130 meters of intercalated Alaskite with hornfelsed andesite before intersecting 369 meters of strongly stockwork veined hornfelsed andesite. Molybdenum mineralization was encountered throughout the entire hole with 0.045% Mo (0.075% MoS2) averaged over 496 meters, between 3 - 499 meters.

The Alaskite intrusive is the main focus of the Lone Pine Property drilling and has been interpreted as being the favourable lithology for molybdenum mineralization. To date the Alaskite intrusive is a known 200 meters in length along its NW/SE strike, 260 meters wide in plan view and molybdenum mineralization has been tested to a known 525 meters in depth.

Of importance to note is the existing infrastructure on the Property, which includes Highway 16, natural gas pipeline, a major hydro power transmission line and transformer sub-station, and it is located only 15 kilometers from the CN rail line in Houston, BC.

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 drill hole BD-07-16 were sent to Acme Analytical Laboratories in Vancouver utilizing the Group I E methodology and the above are the results received to date. Results for additional drill holes will be released when assay results are received and interpreted.

On behalf of:

Bard Ventures Ltd.

Eugene Beukman, President

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