Bard Ventures Ltd.
TSX VENTURE : CBS

Bard Ventures Ltd.

March 02, 2007 13:48 ET

Bard Ventures Ltd.: Lone Pine Molybdenum Property Intersects 0.09% MoS2 over 231.4 metres

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 2, 2007) - Bard Ventures Ltd. ("Bard" or the "Company") (TSX VENTURE:CBS) is very pleased to announce the results of the second vertical hole drilled to 506.4 metres on the Lone Pine Molybdenum Property (the "Property"). The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division. Assays have been received for hole BD-07-02, the second drill hole of a seven-hole drill program.

The drill hole averaged 0.07% MoS2 over the entire cored length of 489.4 metres (from 17 m (casing) to 506.4 m (final depth)), which included a higher grade zone of:

0.09% MoS2 over 231.4 metres from 134.3 m to 365.7 m.

The hole ended at 506.4 metres still in molybdenum mineralization.

The Property area extends over several molybdenum showings (Quartz Breccia, Alaskite Zone, Mineral Hill, and Granby, etc.) that have been previously documented in various assessment and government reports (Minfile Nos. 093L 027, and 093L 028). Hole BD-07-02 is a vertical NQ2 size (5 cm core) drill hole located in the Quartz Breccia Zone and is the deepest drill hole completed in this area. This hole was drilled 1200 metres north of hole BD-07-01 (see News Release dated February 20, 2007).

As previously reported, the existing infrastructure on the Property is excellent. It includes Highway 16, natural gas pipeline, a major hydro power transmission line and transformer sub-station, and it is located only 15 kms from the CN rail line in Houston, BC.

Additionally, Bard has acquired three new claims (57 cells - 1070.3 ha) on the south and west side of the Property. The Property now comprises 13 mineral claims (168 cells - 3154.4 ha).

The Company is extremely pleased with these initial results and will release the additional drill hole results as soon as assays have been received and interpreted. Further exploration programs including Induced Polarization (3-D Inversion) and magnetic surveying, geological mapping and additional diamond drilling, are planned for when field conditions improve.

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 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