Bard Ventures Ltd.
TSX VENTURE : CBS
FRANKFURT : BVU

Bard Ventures Ltd.

September 22, 2011 07:00 ET

Bard Ventures Ltd.: Drilling Results-0.06% Molybdenum Over 386.29 Meters and 0.08% Copper Over 302.7 Meters-Quartz Breccia Zone at Lone Pine Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2011) - Bard Ventures Ltd. (TSX VENTURE:CBS)(FRANKFURT:BVU) (the "Company") is pleased to announce additional significant drill hole results from its 2011 phase one drill program in the Quartz Breccia Zone on its Lone Pine Property (the "Property"). The Company is very pleased and encouraged by the positive results received from drill hole BD-11-68 located 145 meters to the east of drill hole BD-11-70. The Property is located 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division.

Drill hole BD-11-68 is the third and final drill hole completed during the phase one drill program on the Quartz Breccia Zone located one kilometer north of the Alaskite Zone Molybdenum-Copper-Silver Resource. A summary of significant drill hole intercepts from BD-11-68 is highlighted in the table below. All intervals are reported as drill core widths.

COPPER
From (m) To (m) Interval (m) % Cu
24.0 326.7 302.7 0.08
Incl 41.2 68.0 26.8 0.13
Incl 100.1 120.8 20.7 0.13
Incl 148.8 166.5 17.7 0.11
Incl 185.6 207.3 21.7 0.18
Incl 297.6 303.6 6.0 0.29
MOLYBDENUM
From (m) To (m) Interval (m) % Mo
32.61 418.9 386.29 0.06
Incl 103.4 120.8 17.4 0.12
Incl 131.8 155.0 23.2 0.15
Incl 199.1 207.3 8.2 0.14
Incl 253.3 264.2 10.9 0.12
Incl 322.7 339.0 16.3 0.14

Vertical drill hole BD-11-68 intersected extensive intervals of copper and molybdenum mineralization from bedrock at 24.0 meters to a down hole depth of 418.9 meters through a broad zone of andesitic to basalt rich stratigraphy intercalated with intervals of crystal tuff, volcaniclastics and minor Alaskite dykes. The drill hole terminated at a down hole depth of 590.4 meters. Molybdenum and chalcopyrite mineralization is vein hosted; silver mineralization is vein hosted and scattered with best results reporting from 179.2 grams per tonne silver over 1.0 meter to 6.6 grams per tonne silver over 4.9 meters.

In 2007 and 2008 the Company completed seven drill holes in the Quartz Breccia Zone. A review of those results in March 2011 (News Release March 28, 2011) identified extensive intervals of copper - molybdenum mineralization with scattered intervals of vein hosted silver mineralization in a set of drill holes trending to the northwest at 315 degrees identified by vertical drill holes BD-07-02, BD-07-03 and angled drill hole BDQ-08-01. Drill hole BD-11-68 is located approximately 68 meters to the northwest of BD-07-02 designed to extend open ended molybdenum mineralization at the end of angled drill hole BDQ-08-01 (0.07% Mo over 282.0 meters) and to extend molybdenum-copper mineralization to the northwest of BD-07-02 (0.07% Mo over 282.0 meters and 0.05% Cu over 236.0 meters).

The results from drill hole BD-11-68 is deemed significant extending copper and molybdenum mineralization over a horizontal distance of 212m and from surface to a vertical down hole depth of 473.4m (BD-07-02). Copper and molybdenum mineralization remains open to extension in all directions requiring additional drilling.

The Company awaits the results of additional assays for rhenium ("Re") and gold ("Au") and will issue a news release as soon as these results become available.

The Company has completed a NI 43-101 positive Preliminary Economic Assessment on the Alaskite Zone (see news release dated March 11, 2011). This PEA does not include any resource from the Quartz Breccia Zone. Mineral resources that are not mineral reserves do not have demonstrated economic viability. A copy of the Report is available on SEDAR at www.sedar.com.

The Property has an ideal location for operations with established infrastructure including:

  • Highway 16;
  • A natural gas pipeline;
  • a major hydro power transmission line and transformer substation; and
  • 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 is being conducted under the supervision of Qualified Person Rick Kemp, P.Geo., Vice President, Exploration. Drill core samples from BD-11-68 were analyzed by ACME Analytical Laboratories in Vancouver utilizing a 31 element ICP-ES geochemical analysis, over-limit ICP base and precious metal results were assayed.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information