VANCOUVER, BRITISH COLUMBIA--(Sept. 8, 2009) - Bard Ventures Ltd. ("Bard" or the "Company") (TSX VENTURE:CBS) is pleased to provide this update on the 2009 exploration on the Lone Pine Molybdenum Property (the "Property"). The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division. The initial phase of compilation of all historic exploration work, geological mapping, soil and rock sampling has been completed.
A grid was established and cut over an area of 1.1 km x 1.0 km with lines at 100m spacing and sample sites every 25m. The location of the grid coverage is over the area to extend the known Alaskite Zone and also cover a favorable geological area for additional molybdenum mineralization identified by the compilation of historic work, geological mapping and the recently completed 3-Dimensional IP and magnetic surveys. The 2009 mapping identified the location of the favorable geological units including new areas of Alaskite and granites hosting molybdenum mineralization. The historic workings of interest, including trenches and drill holes, were all located in the field and surveyed. A total of 480 soil samples were collected at 25m intervals over the newly established grid.
This initial 2009 field program was very successful in locating historical mineralized showings and their location relative to the current grid, locating the margin of the coarse grained granite with the surrounding hornfelsed volcanics along the southern and eastern contacts, the location of mineralized float samples of medium grained granite to the east of the main granite body. Final assay results of the soil and rock samples and interpretation will determine potential drill target locations.
The Lone Pine Property has a calculated measured and indicated resource at a 0.04% Mo cutoff of 110,340,000 tonnes grading 0.083% Mo containing 201,733,000 in-situ pounds of molybdenum (Please refer to News Release dated January 22, 2009 for full resource disclosure).
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 sub-station; 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 (see News Release dated September 15, 2006). The Lone Pine exploration work is being conducted under the supervision of Qualified Person Jim Miller-Tait, P.Geo., a Director of Bard.
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, President
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.
For all Bard Ventures Ltd. investor relations needs investors are asked to visit the Bard Ventures Ltd. IR Hub at http://www.agoracom.com/IR/bardventures where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to cbs@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bard Ventures Ltd.
Eugene Beukman
President
(604) 687-2038
(604) 687-3141 (FAX)
www.bardventures.com
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