Home » Mining » Bard signs Agreement with Euro Pacific Canada Inc.

Bard signs Agreement with Euro Pacific Canada Inc.

June 05, 2012
Bard signs Agreement with Euro Pacific Canada Inc.


June 5, 2012 – Vancouver, British Columbia, Canada: Bard Ventures Ltd. (the “Company” or “Bard“) is pleased to announce it has appointed Euro Pacific Canada Inc. (“Euro Pacific“) to act as exclusive financial advisor to the Company in connection with the potential sale of the Company’s Little Bear Lake Property (the “Property“).

The Company is committed to ensuring that shareholders receive maximum potential value for the Property in the current market environment, and has retained Euro Pacific to develop a suitable strategy for the sale of the Property, including conducting a focused but thorough identification of potential buyers, and careful analysis of the financial and strategic implications of any proposed transaction.

Eugene Beukman, President of Bard stated “We are very pleased with our association with Euro Pacific and look forward to a mutually beneficial relationship”.

The Property is approximately 4 kilometers northeast of Schreiber, Ontario, and is situated in the Thunder Bay Mining Division (the “Property“). The 5 mineral claims that comprise the Property cover an area of approximately 826 hectares. The company previously reported results (News Release May 7, 2012):

Selected Anomalous Soil Sample Results

SAMPLE
Gold
Silver
Bismuth
Rubidium
Tellurium
Location
ppb
ppm
ppm
ppm
ppm
 
 
 
 
 
 
L400W-150S
18,200
1.03
0.22
3.4
0.12
L1100W-125N
76
0.02
0.15
1.2
0.02
L500W-75N
62
0.14
0.37
6.6
0.05
L600W-75N
38
0.29
0.23
7.1
0.03
L1100W-25N
28
0.02
0.11
2.8
0.02
L1200W-125S
16
0.1
0.25
2.5
0.03
BL0-1300W
14
0.42
0.23
10.3
0.04
L1600W-50N
13
0.01
0.2
0.9
0.01
L1100W-125S
13
0.14
0.25
4.8
0.02
BL0-1950W
13
0.05
0.13
2.5
0.02
BL0-150W
12
0.16
0.16
5.2
0.06
L1600W-100S
12
0.09
0.23
5.5
0.01
1000ppb = 1ppm = 1g/t

The majority of the anomalous soils are located along the margins of the magnetic highs defined by the previously completed geophysical survey. Seven of the anomalous results reported above are associated with a linear magnetic high that traverses the central portion of the grid, and contains the 3.32g/t and 53.7g/t gold in rock samples. This linear anomaly extends approximately 1.4kms to the southeast from the 3.32g/t gold in outcrop sample mentioned above. In the case of the 18.2g/t gold sample, this occurs at the southern end of the sampled line, adjacent to a parallel magnetic high that has only been partially delineated.

For the entire soil database the 95th Percentile value is 9ppb, meaning that all values above this are anomalous.

The Company previously reported ( News Release April 24, 2012) Bonanza grade gold values ranged from 0.001 to 53.7g/t and silver values ranged from 0.01g/t to 19.25g/t.

*1ppm = 1 g/t

All future exploration work on the Property will be conducted under the supervision of Qualified Person, J Chapman, P. Geo. Mr. Chapman has read and approved the technical content of this news release.

About Euro Pacific Canada Inc.

Euro Pacific Canada is an IIROC registered brokerage headquartered in Toronto, with offices in Montreal and Vancouver, specializing in foreign markets, precious and strategic metals investing. The firm offers an integrated platform of investment banking, institutional sales and trading, research, and private client services following the advice laid out by Euro Pacific Capital’s Chief Global Strategist Peter Schiff, an internationally recognized and market strategist. Additional information is available at www.europac.ca.

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.

Article source: http://www.bardventures.com/s/NewsReleases.asp?ReportID=529005

Be Sociable, Share!

Short URL: http://northernbcbusiness.com/?p=1818

Posted by on 1:00 am. Filed under Mining. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

The Weather Network

© 2018 Northern BC Business. All Rights Reserved. Log in - Designed by Gabfire Themes