Bard Ventures Ltd.
TSX VENTURE : CBS

Bard Ventures Ltd.

June 18, 2008 17:17 ET

Bard Ventures Ltd.: Drilling Intersects 0.08% Mo (0.013% MoS2) Over 404 Meters at the Lone Pine Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2008) - Bard Ventures Ltd. ("Bard" or the "Company") (TSX VENTURE:CBS) 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 holes BD-08-30, BD-08-31 and BD-08-32.

The significant intervals for drill hole BD-08-32 are tabulated below:



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Drill Hole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2%
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BD-08-32 812.86 323.00 727.00 404.00 0.08 0.13
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including 390.93 428.60 37.67 0.11 0.18
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and 447.00 621.00 174.00 0.11 0.18
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Hole BD-08-32: Drill hole BD-08-32 was, again, designed to follow up the northwest trend of the higher grade molybdenum mineralization initially encountered in drill hole BD-08-25. Drill hole BD-08-25 intersected 730.9m of 0.10% Molybdenum including 130.1m of 0.20% Molybdenum. BD-08-32 was collared 150 meters to the northwest and collared into andesitic rocks through to approximately 142m before encountering the favourable alaskite intrusive. Intercalated alaskite and andesite continued through to approximately 796m and was shutdown in the Quartz Feldspar Porphyry at 812.86m.

The significant intervals for drill holes BD-08-30 and 31 are tabulated below:



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Drill Hole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2%
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BD-08-30 551.46 129.00 189.10 60.10 0.05 0.08
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and 237.00 349.00 112.00 0.05 0.08
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BD-08-31 961.60 499.00 669.00 170.00 0.05 0.08
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Hole BD-08-30: Drill hole BD-08-30 was designed to infill between drill holes BD-07-01 and BD-07-16 to better understand the stratigraphy and the molybdenum mineralization of this area where the alaskite outcrops on surface. BD-08-30 collared into intercalated alaskite and andesite through to 190m before remaining in andesite through to 542.50m. The drill hole was shutdown in the coarse grained quartz feldspar porphyry pluton at 551.46m.

Hole BD-08-31: Drill hole BD-08-31 was designed to step out from the fence of drilling that included BD-08-25, BD-08-28, BD-08-29, and BD-08-32 by extending the potential window of mineralization an additional 200m to the northwest. BD-08-31 collared into andesite and stayed in andesite through to 615.00m before encountering intercalated alaskite and andesite. Intercalated alaskite and andesite continued through to 854m with the drill hole shutdown in QFP pluton at 961.60m. As anticipated, the alaskite intrusive was encountered in drill hole BD-08-31 and has illustrated that the intrusive body now has a known strike length of approximately 510m. This drill hole has provided substantial geological information with the potential for the intrusive body to continue to the northwest and be near surface to the northeast of this hole as the Alaskite is dipping to the southwest.

Please refer to the Company's website at www.bardventures.com for drill hole locations and additional information.

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 BD-08-30 to BD-08-32 were analyzed at Eco Tech Laboratories in Kamloops, British Columbia. Analytical procedures consist of a 28 element ICP analysis; package BICP-11, followed by assay for any molybdenum ICP analyses greater than 500 ppm.

On behalf of:

Bard Ventures Ltd.

Eugene Beukman, President

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