Bard Ventures Ltd.
TSX VENTURE : CBS

Bard Ventures Ltd.

April 04, 2007 18:50 ET

Bard Ventures Ltd.: Lone Pine Molybdenum Property Drilling Intersects 0.27% MoS2 Over 12.42 Metres

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2007) - Bard Ventures Ltd. ("Bard" or the "Company") (TSX VENTURE:CBS) is pleased to provide the final diamond drilling results from its 3,155 hectare Lone Pine Molybdenum Property (the "Property") situated in the Omineca Mining Division approximately 15 km north-northwest of Houston, BC. The Company wishes to report on the last five holes of the seven hole program consisting of 2,837 metres of NQ2 core size.

The two previously announced holes BD-07-01 and 02 (Releases dated February 20 and March 2, 2007) were located 1,200 metres apart in a north-south direction and were drilled in the Alaskite and Quartz Breccia Zones. The results of these two holes are summarized for reference in the following table:



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Hole Number From (m) To (m) Interval (m) MoS2 (%)
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ALASKITE ZONE
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BD-07-01 3.0 490.1 487.1 0.050
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Including 17.0 59.9 42.9 0.078
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And 257.7 360.0 102.3 0.081
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QUARTZ BRECCIA
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BD-07-02 17.0 506.4 489.4 0.070
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Including 134.3 357.7 231.4 0.093
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Newly reported Hole BD-07-03 was drilled in the middle of the first two holes (600m) and the results are summarized in the following table:



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Hole Number From (m) To (m) Interval (m) MoS2 (%)
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BD-07-03 66.7 118.0 51.3 0.06
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Including 102.0 118.0 16.0 0.09
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And 305.58 318.0 12.42 0.27
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Holes BD-07-04 and 05 were drilled 500 metres west and east respectfully from hole BD-07-03. The holes were planned for geological information purposes to use when the geophysical surveys are completed but were successful in intersecting molybdenum mineralization in both holes. The significant results of the two holes are tabulated below:



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Hole Number From (m) To (m) Interval (m) MoS2 (%)
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BD-07-04 74.0 92.0 18.0 0.07
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BD-07-05 191.7 207.5 15.8 0.06
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Holes BD-07-06 and 07 were drilled 130m southeast of previously released holes BD-07-01 and 02 respectfully. The results are summarized in the table below:



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Hole Number From (m) To (m) Interval (m) MoS2 (%)
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BD-07-06 132.2 458.4 326.2 0.05
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including 132.2 257.2 125.0 0.07
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BD-07-07 98.5 106.0 7.5 0.06
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The results in hole BD-07-07 are lower than in BD-07-01 as a barren diorite intrusive was intersected instead of the well mineralized Alaskite intrusive as in hole BD-07-01.

The Company is extremely pleased with these initial results on the first phase of drilling as significant molybdenum mineralization was intersected in all holes over such a large area, 1,200 m by 1,000 m, indicating a large geological system favorable for molybdenum deposition. The initial holes were drilled for geological information at a wide spacing for data to include and help guide future drilling after the scheduled geophysical surveying this spring.

A map indicating the above drill holes has been included in this news release and is posted on the Company's website.

The other high priority area, which will be included in the geophysical surveys, on the property that will be tested in the second phase of diamond drilling is the Granby Zone where in 1976 Granby Mining Corporation drilled 682.8 m in 12 short percussion holes. This area is located approximately 700 m to the east of the Quartz Breccia Zone, where a thin cover of biotite hornfels overlays a breccia similar to that found at the Quartz Breccia Zone. Vertical percussion hole number M3 intersected 0.176% MoS2 over 36.6 m from a downhole depth of 24.4 m to 61.0 m (final hole depth) which included a higher grade interval of 0.30% MoS2 over 18.3 m from 24.4 m to 42.7 m (ref. Assessment Report #6152).

Future Work

A geophysical survey grid has been completed and the Company plans to commence Induced Polarization (3-D Inversion) and magnetic surveys in the near future. The Company has secured a drill contractor for the second phase of diamond drilling which shall commence upon the completion and interpretation of the geophysical surveys. The second phase drill program will test the remaining untested targets as well as any new areas identified by the geophysical survey.

The existing infrastructure on the Property is excellent due to the proximity of Highway 16, a natural gas pipeline and a major hydro power transmission line and transformer sub-station. It is also located only 15 km 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. All Bard samples were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 1E methodology.

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.

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