Bard Ventures Ltd.
TSX VENTURE : CBS
FRANKFURT : BVU

Bard Ventures Ltd.

September 09, 2011 12:31 ET

Bard Ventures Ltd.: Drilling Results

70.49 gm/t Silver Over 214.7m (Incl. 1,484 gm/t Silver Over 6.3m)

Quartz Breccia Zone at the Lone Pine Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2011) - Bard Ventures Ltd. (the "Company") (TSX VENTURE:CBS)(FRANKFURT:BVU) is pleased to announce 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-11-69 demonstrating the continuity of high grade molybdenum (Mo), copper (Cu) and silver (Ag) mineralization over a horizontal distance of 131 meters from drill hole BDQ-08-03 through BD-11-69 to BDQ-08-04. Mineralization identified by these drill holes remains open in all directions and requires additional drilling. The Property is located 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division.

A summary of significant drill hole intercepts from BD-11-69 is highlighted in the table below. All intervals are reported as drill core widths, and may not represent true width as there has not been enough drilling to delineate the shape of the mineralization at this early stage of wide spaced exploration drilling.

SILVER
From (m) To (m) Interval (m) gm/t Ag
18.6 233.3 214.7 70.49
Incl 49.3 51.0 1.7 711.0
Incl 142.5 148.8 6.3 1,483.83
And 146.3 146.8 0.5 15,920.00*
Incl 180.0 183.3 3.3 920.96
439.6 450.8 11.2 8.51
Incl 446.5 448.7 2.5 25.76
*15,920gm silver = 464 oz = 15.92kg
COPPER
From (m) To (m) Interval (m) % Cu
49.3 235.3 186.0 0.11
Incl 49.3 54.2 4.9 0.27
Incl 120.5 124.0 3.5 0.38
Incl 142.5 148.8 6.3 1.35
And 146.3 146.8 0.5 14.08
Incl 168.5 185.3 16.8 0.24
309.0 312.9 3.9 0.04
329.1 336.4 7.3 0.08
MOLYBDENUM
From (m) To (m) Interval (m) % Mo
329.1 446.5 117.4 0.09
Incl 373.9 382.3 8.4 0.60

There has been no low or high assay cutoffs applied to any analytical results as the project is still in the exploration phase. The only interval that had non-detectable silver (<0.5gm/t) in the interval from 18.6m to 233.3m reported above was from 55.4m-58.4m a drilled width of 3.0m.

Drill hole BD-11-69 intersected extensive intervals of copper, silver and molybdenum mineralization from 18.6 meters to a vertical depth of 450.8 meters through a broad zone of quartz healed volcanic breccia from 18.6 meters to 392.6 meters and underlying basalt and narrow Alaskite dykes to 481.3 meters. Alaskite was intersected from 481.3 meters to 544.3 meters. The drill hole terminated in a fine grained magnetic mafic dyke from 544.3 meters to the end of hole at 602.59 meters. Molybdenum and chalcopyrite mineralization is vein hosted, while silver mineralization occurs as both vein hosted and disseminated. High grade vein hosted copper, silver and zinc mineralization was intersected within a 6.3 meter interval from 142.5 meters to 148.8 meters as outlined in the table above.

Significant NQ drill core assay results have been received from the first of three drill holes completed in the Quartz Breccia Zone located 1.0 kilometer north of the Alaskite Zone Molybdenum-Copper-Silver Resource. 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, silver and molybdenum mineralization including 0.052% Mo over 142.0 meters (BDQ-08-03), 0.086% Cu over 147 meters (BDQ-08-03) and 19.05 grams per tonne Ag over 176.0 meters (BDQ-08-04). Drill hole BDQ-08-04 terminated in copper–silver mineralization at the end of the hole and remains open to extension at depth. Vertical drill hole BD-11-69 is located along the western margin of the Quartz Breccia Zone and is bounded by 2008 vertical drill holes BDQ-08-03, located approximately 57 meters to the north, and BDQ-08-04, located approximately 74 meters to the south.

The Company awaits the results of additional assays for rhenium ("Re") and gold ("Au") from drill hole BD-11-69.

The Company has completed a NI 43-101 positive Preliminary Economic Assessment on the Alaskite Zone (see News Release 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 (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-11-69 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

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.

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