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Results From Lone Pine Molybdenum, Copper, Silver Exploration Program Shows Continued High Grade Mineralization

September 27, 2011
Results From Lone Pine Molybdenum, Copper, Silver Exploration Program Shows Continued High Grade Mineralization


0.10% Molybdenum intersected over 573.4m including 0.04% Copper over 413.0m
Alaskite Zone
70.49 gm/t Silver over 214.7m (incl. 1,484 gm/t Silver over 6.3m)
0.09% Copper over 251.8m and
0.06% Molybdenum over 386.29m
Quartz Breccia Zone

Vancouver, British Columbia, Canada: Bard Ventures Ltd. (the “Company”) is pleased to provide a summary of the previously reported final results from its 2011 phase one exploration drill program on its Lone Pine Property (the “Property”). The Company is very pleased and encouraged by the positive results received from drill holes BD-11-67 to BD 11-70 demonstrating the continuity of high grade mineralization through areas of widely spaced drill hole intercepts (see News Releases dated September 6, 9, 19, and 22, 2011). The Property is located 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division.

ALASKITE ZONE:

A summary of significant drill hole intercepts from BD-11-67 is highlighted in the table below.

QUARTZ BRECCIA ZONE:

A summary of significant drill hole intercepts from BD-11-69 is highlighted in the table below.

There has been no low or high assay cutoffs applied to any analytical results as the project is still in the exploration phase. The only interval that had non-detectable silver (0.5gm/t) in the interval from 18.6 meters to 233.3 meters reported above was from 55.4 meters to 58.4 meters, a drilled width of 3.0 meters

A summary of significant drill hole intercepts from BD-11-70 is highlighted in the table below.

There has been no low or high assay cutoffs applied to any analytical results as the project is still in the exploration phase. The only intervals that had non-detectable silver (0.5gm/t) in the interval from 123.7 meters to 198.1 meters reported above are three isolated and scattered sample intervals varying from 1.5 meters to 2.0 meters in length.

Drill hole BD-11-68 is the third and final drill hole completed during the phase one drill program on the Quartz Breccia Zone located one kilometer north of the Alaskite Zone Molybdenum-Copper-Silver Resource.

A summary of significant drill hole intercepts from BD-11-68 is highlighted in the table below.

Vertical drill hole BD-11-68 intersected extensive intervals of copper and molybdenum mineralization from bedrock at 24.0 meters to a down hole depth of 418.9 meters through a broad zone of andesitic to basalt rich stratigraphy intercalated with intervals of crystal tuff, volcaniclastics and minor Alaskite dykes. The drill hole terminated at a down hole depth of 590.4 meters. Molybdenum and chalcopyrite mineralization is vein hosted; silver mineralization is vein hosted and scattered with best results reporting from 179.2 grams per tonne silver over 1.0 meter to 6.6 grams per tonne silver over 4.9 meters.

All intervals are reported as drill core widths, and may not represent true width as there has not been enough drilling to delineate the shape of the mineralization at this early stage of wide spaced exploration drilling.

Drill core samples from BD-11-67 to BD-11-70 were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 1E analysis. Analytical procedures consist of a 31 element ICP analysis followed by assay for any molybdenum ICP analyses greater than 4000 ppm Mo.

The Company awaits the results of additional assays for rhenium (“Re”) and gold (“Au”) and will issue a news release as soon as these results become available.

The Company has completed a NI 43-101 positive Preliminary Economic Assessment on the Alaskite Zone (see News Release March 11, 2011). This PEA does not include any resource from the Quartz Breccia Zone. 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. Mr. Kemp has read and approved the technical content of this news release.

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=482187

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