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Drilling Update on Lone Pine Molybdenum-Copper-Silver Project | Northern BC Business
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Drilling Update on Lone Pine Molybdenum-Copper-Silver Project

June 13, 2011
Drilling Update on Lone Pine Molybdenum-Copper-Silver Project

Vancouver, British Columbia, Canada: Bard Ventures Ltd. (the “Company”) is pleased to advise that the drill program on its Lone Pine Property (the “Property”) is progressing on schedule. The Property is located 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division.

“The Company has completed one infill drill hole in the Alaskite Zone and is currently on its second drill hole in the Quartz Breccia Zone. Results from this current phase of drilling will be released once all results have been received and reviewed. We are encouraged with the program thus far and anticipate the selected targets in the current program will be completed in a timely fashion”, states Eugene Beukman, President and CEO.

The drill program will continue to evaluate exceptional drill hole results received from all three Zones on the Property, being the Alaskite Zone, the Quartz Breccia Zone and the 61 Zone. Drill core samples from the current drill program are being sent to ACME Analytical Laboratories in Vancouver utilizing Group 1E, ICP-ES analysis.

A recently completed review of the Quartz Breccia Zone (News release March 4, 2011) identified two areas requiring additional follow-up where drill hole intercepts over drilled widths returned 0.052% molybdenum (“Mo”) over 142.0 meters and near surface copper (“Cu”) and Silver (“Ag”) mineralization reporting 0.09% Cu over 147.0 meters and 25.47 grams per ton Ag over 154.0 meters (BDQ-08-03). A second area of interest in the Quartz Breccia Zone intersected near surface Mo/Cu mineralization over drilled widths of 0.044%Mo/442.6 meters (BD-07-02) and 0.05%Cu/236.0 meters (BDQ-08-01).

The Company has completed a NI 43-101 positive Preliminary Economic Assessment on the Alaskite Zone (See news release March 11, 2011). Mineral resources that are not mineral reserves do not have demonstrated economic viability. A copy of the Report is available on SEDAR at www.sedar.com.

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

Bard is earning a 100% interest in the Property under the terms of an option agreement (News release dated September 15, 2006). The Lone Pine Exploration is being conducted under the supervision of Qualified Person Rick Kemp, P.Geo., Vice President, Exploration.

On behalf of:
Bard Ventures Ltd.

“Eugene Beukman”
Eugene Beukman, President

For further information please visit our website at www.bardventures.com

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.

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.

Article source: http://www.bardventures.com/s/NewsReleases.asp?ReportID=462122

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