Home » Mining » Exploration Update; 0.54g/t Gold over 188.27m; 0.16g/t Rhenium over 67.6m Quartz Breccia Zone at Lone Pine Property

Exploration Update; 0.54g/t Gold over 188.27m; 0.16g/t Rhenium over 67.6m Quartz Breccia Zone at Lone Pine Property

June 07, 2012
Exploration Update; 0.54g/t Gold over 188.27m; 0.16g/t Rhenium over 67.6m Quartz Breccia Zone at Lone Pine Property


June 7, 2012 – Vancouver, British Columbia, Canada: Bard Ventures Ltd. (the “Company“) is pleased to provide a summary of previously announced results of gold and rhenium analysis covering both historical and recently completed drill holes in the Quartz Breccia Zone (“QBZ“) on its Lone Pine Property (the “Property“). The Company remains pleased and encouraged by the positive gold and rhenium results received from drill hole intercepts located in the QBZ. The Property is located 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division.

Gold and rhenium analysis were received from selected drill holes in the Quartz Breccia Zone (QBZ). Gold analyses were completed over the entire length of those drill holes located along the western margin of the QBZ, where polymetallic copper-silver-molybdenum mineralization was intersected over extensive intervals in six drill holes including BDQ-08-02 to BDQ-08-05 and BD-11-69 and BD-11-70. Along the eastern margin of the QBZ four drill holes (BD-07-02, BD-07-06, BDQ-08-01 and BD-11-68) intersected broad intervals of near surface porphyry style molybdenum-copper mineralization; gold analysis was completed across angled drill hole BDQ-08-01. Elevated and anomalous gold results were received in all drill holes along the western margin of the QBZ with best results reporting up to 0.54 grams per tonne gold over 188.27 meters.

Rhenium enrichment is associated with molybdenum mineralization with best results reported from higher grade molybdenum rich intervals. Rhenium analyses were completed over selected portions of angled drill hole BDQ-08-01 and BD-11-70. Elevated and anomalous results were received from sections of higher grade molybdenum intercepts with best results reporting from 0.45g/t Re over 5.1 meters to 0.16g/t Re over 67.6 meters. A summary of significant drill hole results for gold and rhenium are highlighted in the table below. All intervals are reported as drill core widths.

Drill Hole
From (m)
To (m)
Width (m)
Gold (g/t)
Rhenium (g/t)
BDQ-08-01
185.0
191.0
6.0
 
0.21
incl
189.0
191.0
2.0
 
0.34
 
217.0
221.0
4.0
 
0.12
 
309.0
333.0
24.0
 
0.11
 
401.0
407.0
6.0
 
0.12
 
9.0
11.0
2.0
0.30
 
BDQ-08-02
75.0
81.0
6.0
0.28
 
Incl
75.0
77.0
2.0
0.60
 
 
197.0
211.0
14.0
1.24
 
incl
203.0
209.0
6.0
2.62
 
 
401.0
403.0
2.0
0.30
 
 
409.0
411.0
2.0
0.57
 
BDQ-08-03
67.0
117.0
50.0
0.21
 
incl
99.0
101.0
2.0
1.36
 
 
137.0
151.0
14.0
0.17
 
incl
149.0
151.0
2.0
0.48
 
 
227.0
229.0
2.0
2.29
 
 
281.0
283.0
2.0
1.83
 
 
297.0
299.0
2.0
0.85
 
BDQ-08-04
211.0
213.0
2.0
0.35
 
 
293.0
311.0
18.0
0.28
 
Incl
297.0
307.0
10.0
0.39
 
 
319.0
323.0
4.0
0.43
 
 
329.0
345.0
16.0
0.14
 
 
363.0
551.27
188.27
0.54
 
Incl
377.0
385.0
8.0
1.81
 
Incl
407.0
421.0
14.0
1.24
 
Incl
431.0
433.0
2.0
2.22
 
Incl
441.0
449.0
8.0
1.86
 
Incl
475.0
477.0
2.0
1.49
 
Incl
515.0
517.0
2.0
1.01
 
Incl
531.0
547.0
16.0
0.72
 
BDQ-08-05
137.0
223.0
86.0
0.19
 
Incl
155.0
193.0
38.0
0.26
 
Incl
201.0
203.0
2.0
0.46
 
Incl
219.0
221.0
2.0
0.60
 
 
275.0
333.0
58.0
0.32
 
Incl
287.0
291.0
4.0
0.80
 
Incl
315.0
325.0
10.0
0.74
 
Incl
323.0
325.0
2.0
2.10
 
 
355.0
359.0
4.0
0.28
 
BD-11-69
45.0
51.0
6.0
0.63
 
incl
49.3
51.0
1.7
1.55
 
 
79.0
80.9
1.9
0.72
 
 
86.8
89.5
2.7
0.72
 
 
134.1
181.9
47.8
0.50
 
Incl
142.5
146.8
4.3
2.60
 
Incl
146.3
146.8
0.5
14.20
 
Incl
158.0
159.5
1.5
1.24
 
Incl
174.5
176.0
1.5
0.94
 
Incl
180.0
181.9
1.9
1.0
 
 
335.0
336.4
1.4
3.84
 
 
448.7
450.8
2.1
1.53
 
BD-11-70
299.2
305.0
5.8
 
0.16
 
310.0
311.7
1.7
 
0.36
 
319.7
387.3
67.6
 
0.16
incl
323.7
334.4
10.7
 
0.21
incl
352.1
353.3
1.2
 
1.21
incl
360.1
365.2
5.1
 
0.45
 
195.5
196.1
0.6
0.47
 
 
397.4
399.7
2.3
0.45
 

Rhenium compounds are included in molybdenum concentrates derived from porphyry copper deposits, and rhenium is recovered as a byproduct from roasting such molybdenum concentrates. Important uses of rhenium have been in platinum-rhenium catalysts, used primarily in producing lead-free, high-octane gasoline and in high-temperature superalloys used for jet engine components. Rhenium analyses were completed in the Alaskite Zone (News Release dated January 20, 2009) where elevated and anomalous rhenium results averaging 0.1g/t Re over 753.74 meters to 0.4g/t Re over 26.0 meters were reported from high grade molybdenum intersection in holes BD-08-25 and BD-08-35. Rhenium analyses in the QBZ returned similar results over shorter intervals through sections of higher

grade molybdenum. Elevated and anomalous gold assay results over significant widths from drill holes located along the western edge of the QBZ, where polymetallic copper-silver-molybdenum mineralization were intersected, are considered significant. The Company plans an exploration program to further evaluate the potential of the QBZ.

The Company 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. Gold and rhenium analysis were performed by ACME Analytical Laboratories in Vancouver. Gold analysis was performed by fire assay utilizing Group 3b methodology. Rhenium analysis was completed utilizing ACME’s Group 1F Ultra trace analysis by ICP Mass Spectrometry. 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=529386

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