Bard Ventures Ltd.
TSX VENTURE : CBS

Bard Ventures Ltd.

December 03, 2007 08:30 ET

Bard Ventures Ltd.: Lone Pine Molybdenum Property Drilling Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2007) - Bard Ventures Ltd. ("Bard" or the "Company") (TSX VENTURE:CBS) wishes to provide an update on the diamond drilling program being completed on its Lone Pine Molybdenum Property (the "Property"). To date, 11 vertical diamond drill holes have been completed and all have encountered various degrees of visual molybdenum mineralization. The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division.

Due to the backlog of samples in the Analytical Laboratory, the Company has not received any final assay results on a complete drill hole. The following table summarizes the significant partial results received to date from hole BD-07-09 that were submitted to the lab on a rush basis.



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Hole Number From (m) To (m) Interval (m) MoS2 (%)
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ALASKITE ZONE
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BD-07-09 23.0 95.0 72.0 0.070
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and 211.0 247.0 36.0 0.063
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BD-07-08 was drilled approximately 200 meters to the east of this year's earlier tests in the Alaskite Zone where 0.05% of molybdenum was encountered over 487.1m in BD-07-01. This hole was drilled on the shoulder of a moderate IP conductor and encountered considerable pyrite and pyrrhotite throughout the hole and, more notably, consistent molybdenum mineralization in quartz healed fractures from surface down to a depth of below 100 meters.

Drill hole BD-07-09 was drilled in the area of the Alaskite Zone, some 100 meters to the northeast of BD-07-01. This vertical hole was drilled in a previously undrilled area and was designed to test the north flank of a broad IP conductor. The hole intersected molybdenum mineralization throughout its length, in quartz feldspar dykes and also the intrusive encountered at depth.

Drill hole BD-07-10 was drilled to the northeast of the Alaskite Zone, on the road between the Alaskite Zone and the Granby Zone. It too was situated on the flank of a broad geophysical conductor and encountered molybdenum mineralization hosted in vertical quartz veinlets within a dioritic intrusive below 250 meters.

The Company continues to remain very encouraged with the exploration program and continues with its 22 hole, first phase drilling program on this Property. As soon as any assay results are received, the Company will immediately provide its shareholders with an updated news release.

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 samples are being analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 1E methodology.

To view updated pictures of the drilling, please visit the Company's website at www.bardventures.com.

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