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Bard Acquires New Titanium-Phosphate Project | Northern BC Business
Home » Mining » Bard Acquires New Titanium-Phosphate Project

Bard Acquires New Titanium-Phosphate Project

August 20, 2014
Bard Acquires New Titanium-Phosphate Project

August 20, 2014 – Vancouver, British Columbia, Canada: Bard Ventures Inc. (“Bard“) is pleased to announce it has acquired, by staking, a 100% interest in the Coverdale property located near Moncton, New Brunswick (the “Coverdale Property”). The Coverdale Property is host to the Coverdale titanium-phosphate deposit occurring in a large intrusive complex lying beneath sedimentary formations of the Canadian Appalachians. The Coverdale Property comprises a 16-unit claim covering 357 hectares.

Previous exploration on the Coverdale Property dates back to 1919 when iron and titanium bearing intrusive rocks were intersected in a test well drilling for oil. Historical drilling records indicate ilmenite and apatite bearing intervals with concentrations of titanium in excess of 25% Ti02 and phosphate at 12% P205. An extensive positive aeromagnetic anomaly suggests that the intrusion has a subsurface area of at least 30 km2. Provincial assessment records indicate several episodes of sporadic exploration programs dating from 1919 to 2001. These programs included limited campaigns from which drill core is still available for examination at the provincial core storage facility. Bard is reviewing these records and intends to re-examine core samples to determine the potential for titanium and phosphate as well as other valuable minerals. Bard plans to compile all available data into a modern database and process that data to assess the true potential of the Coverdale intrusive complex.

The nearby city of Moncton is a major transportation hub for eastern Canada. This area of southern New Brunswick has well-established infrastructure with major highways, rail, airport and pipelines, as well as access to the seaport of Saint John. The rapidly growing resource industry in southern New Brunswick produces potash as well as oil and gas. The potential economics of minerals such as titanium and phosphate can be expected to improve as the oil and gas sector continues to expand at a rapid pace in the Appalachian region of the United States and Canada.

Michael Taylor, P.Geo, technical advisor to Bard, is the Qualified Person, as defined under NI 43-101 regulations, responsible for the technical results reported in 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.

Article source: http://www.bardventures.com/s/NewsReleases.asp?ReportID=670477

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