Bard Ventures Ltd.

Bard Ventures Ltd.

January 26, 2010 07:00 ET

Bard Ventures Ltd.: Molybdenum, Silver, Copper and Zinc in New Assay Results on Lone Pine Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2010) - Bard Ventures Ltd. (TSX VENTURE:CBS) ("Bard" or the "Company") is pleased to announce the final assay results from its 9 hole NQ drill program which was completed in December 2009 on its Lone Pine Molybdenum Property. This area is approximately 1,000m east of the known Alaskite resource described below. The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division.

Drill hole BD-09-51 was located at the eastern margin of the granite intrusive intersecting strongly sheared volcanic and granitic intrusive stratigraphy followed by hornfelsed volcanics. Over limit assay results have been received from BD-09-51 within hornfelsed volcanics reporting 1.3% zinc and 396gmt silver over 2.0m within a 4.0m interval reporting 0.013% Mo. The remaining six drill holes (BD-09-52 to BD-09-57) were collared within the quartz feldspar intrusive granite, with drill hole azimuths oriented in an east-west direction. Re-analysis of over limit base and precious metal results from quartz vein intervals have been received reporting 529gmt silver over 2.0m within the quartz feldspar granite and 2.12% copper, 9.03% zinc and 303gmt silver over 0.5m at the granite intrusive contact in BD-09-53. Over limit results from BD-09-54 report 1.66% copper, 4.02% lead, 5.00% zinc and 2,400gmt silver over 0.4m within hornfelsed volcanics.

Assay results from the final 3 drill holes (BD-09-55 to BD-09-57) intersected both vein hosted and disseminated molybdenum mineralization within the coarse grained granite with best results reporting up to 0.052% Mo or 0.09% MoS2 (523.5ppm Mo) over 9.3m including 0.60% Mo or 1.00% MoS2 (5990ppm Mo) over 0.6m in BD-09-56 and 0.03% Mo or 0.05% MoS2 (314.9ppm Mo) over 12.0m including 0.12% Mo or 0.20% MoS2 (1210ppm Mo) over 1.1m in BD-09-57. Higher grade results were also intersected with results up to 0.36% Mo or 0.60% MoS22 (3563ppm Mo) over 3.8m including 1.18% Mo or 1.97% MoS2 (11,790ppm Mo) over 1.1m (BD-09-55) within the quartz feldspar granite intrusive. Vein hosted molybdenum mineralization was intersected in the hornfelsed volcanics reporting up to 0.03% Mo or 0.05% MoS2 (322.7ppm Mo) over 11.4m including 0.04% Mo or 0.07% MoS2 (445.8ppm Mo) over 6.0m (BD-09-56) with high grade intervals reporting up to 0.12% Mo or 0.20% MoS2 (1191ppm Mo) over 2.0m and 295gmt Silver over 0.3m in the quarts feldspar granite (BD-09-55). The intervals reported are drilled intervals as true thickness is unknown at this time due to the fact that the orientation of the veins is unknown.

The results from this first phase drill program confirm the potential for developing both disseminated and vein hosted molybdenum mineralization within the coarse grained granite intrusive and vein hosted molybdenum, silver, copper and zinc mineralization within the surrounding hornfelsed volcanics over significant widths. The Company is very encouraged by these results and is preparing a second phase drill program to further evaluate the quartz feldspar granite intrusive and hornfelsed volcanics on several previously identified geochemical and geophysical targets.

The Lone Pine Property currently has a calculated measured and indicated resource at a 0.04% Mo cutoff of 110,340,000 tonnes grading 0.083% Mo containing 201,733,000 in-situ pounds of molybdenum (Please refer to News Release dated January 22, 2009 for full resource disclosure).

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 sub-station; and
  • is located only 15 kilometers from the CN rail line in Houston, BC.

Samples from BD-09-51 to BD-09-57 were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 1E methodology. Analytical procedures consist of a 31 element ICP analysis followed by assay for any molybdenum ICP analyses greater than 4000ppm.

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 Rick Kemp, P.Geo.

On behalf of:
Bard Ventures Ltd.

"Eugene Beukman"

Eugene Beukman, President

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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 for further information.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Bard Ventures Ltd.
    Eugene Beukman
    (604) 687-2038
    (604) 687-3141 (FAX)