Bard Ventures Ltd.
TSX VENTURE : CBS

Bard Ventures Ltd.

December 19, 2007 11:55 ET

Bard Ventures Ltd.: Lone Pine Molybdenum Property Drilling Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2007) - Bard Ventures Ltd. ("Bard" or the "Company") (TSX VENTURE:CBS) is extremely pleased to announce that diamond drilling has been completed for the 2007 season on its Lone Pine Molybdenum Property (the "Property"), and all holes to date have encountered encouraging visual molybdenum mineralization. The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division.

To date, twenty-three (23) drill holes have been completed on the Property. Phase I and II drilling summary tables are below:



2007 NQ Diamond Drilling Program: PHASE 1
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During the first quarter of 2007, the following seven (7) holes were
drilled:
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Hole Date Length Dip
Number Completed Zone (m) (degrees)
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BD-07-01 Jan 18 2007 Alaskite 490.1 90 degrees
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BD-07-02 Jan 24 2007 Qtz Breccia 506.4 90 degrees
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BD-07-03 Jan 31 2007 Alaskite/Qtz Breccia 466.6 90 degrees
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BD-07-04 Feb 03 2007 Alaskite/Qtz Breccia 263.0 90 degrees
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BD-07-05 Feb 07 2007 Alaskite/Granby 287.1 90 degrees
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BD-07-06 Feb 14 2007 Qtz Breccia 473.2 90 degrees
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BD-07-07 Feb 18 2007 Alaskite 350.0 90 degrees
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Total Holes: 7 2836.4
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The best drill hole from this Phase of the 2007 program (BD-07-02) returned
0.07% MoS2 over the entire 489.4 meters of bedrock cored, including a 231.4
meter interval of 0.095% MoS2.

2007 NQ Diamond Drilling Program: PHASE 2
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During the Fall and Winter Program of 2007, the following sixteen (16)
holes were drilled:
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Hole Date Length Dip
Number Completed Zone (m) (degrees)
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BD-07-08 Sep 30 2007 Alaskite 381.0 90 degrees
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BD-07-09 Oct 05 2007 Alaskite 385.0 90 degrees
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BD-07-10 Oct 10 2007 Mid Zone 291.0 90 degrees
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BD-07-11 Oct 12 2007 Granby 122.0 90 degrees
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BD-07-12 Oct 18 2007 Granby 254.0 90 degrees
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BD-07-13 Oct 29 2007 Alaskite 549.0 90 degrees
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BD-07-14 Nov 01 2007 Alaskite 251.0 90 degrees
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BD-07-15 Nov 05 2007 Alaskite 360.0 90 degrees
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BD-07-16 Nov 12 2007 Alaskite 499.0 90 degrees
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BD-07-17 Nov 15 2007 Alaskite 194.0 90 degrees
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BD-07-18 Nov 23 2007 Alaskite 437.0 90 degrees
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BD-07-19 Nov 28 2007 Alaskite 420.0 90 degrees
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BD-07-20 Dec 3 2007 Alaskite 385.0 90 degrees
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BD-07-21 Dec 8 2007 Alaskite 233.0 45 degrees
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BD-07-22 Dec 12 2007 Alaskite 269.0 45 degrees
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BD-07-23 Dec 16 2007 Alaskite 344.0 45 degrees
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Total Holes: 16 5374.0m
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TOTAL
PHASE I & II Holes: 23 8210.4m
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Phase I highlights:

- BD-07-01 returned 0.05% MoS2 over the entire length of 490.10 metres, which included two higher grade zones of 0.078% MoS2 over 42.9 m from 17.0 m to 59.9 m and 0.081% MoS2 over 102.3 metres from 257.7 m to 360.0 m.

- BD-07-02 returned 0.07% MoS2 over the entire 489.4 meters, including a 231.4 meter interval of 0.095% MoS2.

- BD-07-03 intersected higher grade intervals in excess of 12 meters at 0.27% MoS2.

Phase II highlights:

- BD-07-09 returned partial results to date of 0.07% MoS2 over 72m from 23.0m to 95.0m and 0.063% MoS2 over 36m from 211.0m to 247.0m.

Assays are pending for the Phase II drill program.

PHASE II DRILLING SUMMARY:

Granby Zone:

A single drill hole was designed for the Granby Zone and this drill hole was to twin the 1978 historical percussion hole M-3 which returned 0.176% Mo (0.29% MoS2) over 36.6m. Drill hole BD-07-11encountered altered dioritic rocks through to 122.0m before being shutdown due to extreme blocky conditions and faulted corridors that made drilling too difficult. BD-07-12 was then targeted 10m to the north of the M-3 historical collar and drilled to a depth of 254.0m. Drilling intersected altered hornfels and intercalated dioritic rocks with visible molybdenum observed in quartz veining and within the matrix of the brecciated corridors. Assays are pending.

This area will be revisited in the new year to better delineate the faulted corridor in and around M-3 and BD-07-11 and the associated lineament expressed in the geophysical data.

Alaskite Zone:

Thirteen holes were drilled in the Alaskite Zone during the second phase of drilling between September and December 2007. Drill holes BD-07-08, 07-09, 07-13, 07-14, 07-15, 07-16, 07-17, 07-18, 07-19, and BD-07-20 targeted IP chargeability and resistivity anomalies that showed potential for molybdenum mineralization. Drill holes BD-07-21 and BD-07-23 targeted geophysical magnetic anomalies associated with the alaskite intrusive. A pattern of testing these anomalies was based around historical geophysical data and historical trenching and drilling data as well the favorable assay results returned in drillhole BD-07-01.

All of the above mentioned drill holes encountered variable amounts of visible molybdenum throughout their entire drill lengths, in particular drill holes BD-07-09, BD-07-13, BD-07-15, BD-07-16, BD-07-21 and BD-07-23. Drill holes 07-15 and 07-16 targeted the northwest trending alaskite intrusive that was originally mapped on surface in 1969. Both drill holes encountered greater than 100 meters of mineralized alaskite and favorable quartz veining that extended into the underlain hornfels andesites. These drill holes have continued to confirm the northwest strike to the Alaskite intrusive.

Drill holes 07-09 and 07-13 were drilled approximately 100m north of BD-07-01 and were testing an IP anomaly outside of the known alaskite intrusive. Both drill holes exhibited moderate to strong fracturing throughout their lengths and moderate quartz veining throughout. Both drill holes were shutdown in a coarse grained intrusive rock. Assays are pending for BD-07-13, BD-07-15 and BD-07-16.

Drill holes BD-07-21 and BD-07-23 were designed as angle holes to better delineate the alaskite intrusive and provide better geological information regarding the width and depth of the alaskite intrusive. BD-07-21 intersected 93 metres of alaskite with favorable veining and molybdenum mineralization, while BD-07-23 intersected 344 metres of alaskite from collar to the end of the hole with very encouraging intense veining and visible molybdenum throughout the entire hole length.

Drill hole BD-07-22 was designed to target the eastern granitic pluton approximately 100 meters east of BD-07-09. The BD-07-09 drill pad was used for this drill hole, and the drill was turned to an azimuth of 090 and drilled at an angle of -45 dip. Hornfels and intrusive were intersected where anticipated, thus adding to the current geological model that this eastern pluton has a strike that mimics the western alaskite intrusive to the southwest.

Mid Zone

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 a broad geophysical anomaly and encountered molybdenum mineralization hosted in vertical quartz veinlets within a dioritic intrusive below 250 meters.

Summary

An extensive drill program is planned for the new year and drilling will follow up on many of the favorable drill holes to date, in particular the drill holes intersecting the alaskite intrusive in and around drill hole BD-07-15 and BD-07-23. Drilling of the Quartz Breccia Zone will also commence in the new year as road conditions are at their best and follow up on the anomalous areas around BD-07-02 is a priority.

Drilling has currently been halted for the Christmas break and will commence in early January 2008.

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 up to drill hole BD-07-20 were sent to Acme Analytical Laboratories in Vancouver utilizing the Group 1E methodology and the above are the results received to date. Samples from drill holes BD-07-21 through to BD-07-23 have been sent to Eco-Tech laboratories in Kamloops, British Columbia.

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