Bard Ventures Ltd. ("Bard" or the "Company") is pleased to provide an update of the 2008 exploration activities on its 3,155 hectare Lone Pine Molybdenum Property (the "Property") situated in the Omineca Mining Division, approximately 15 km north-northwest of Houston, BC. Drilling in 2008 began in the Alaskite Zone with the BD-08 series of drill holes. A second drill was brought onto the property and drilling has commenced in the Quartz Breccia Zone (BDQ-08 series), with drilling of the Granby Zone (BDG-08 series) to follow in early March 2008. The Alaskite and Quartz Breccia Zones are located approximately 1,200 m apart in a north-south direction.
Significant assay results from the first 2008 diamond drill hole in the Quartz Breccia Zone are tabulated below:
Drill hole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2%
BDQ-08-01 425.78 185.0 425.0 240.0 0.06 0.10
including 309.0 351.0 42.0 0.10 0.17
Quartz Breccia Zone:
Bard is exploring for porphyry type molybdenum mineralization in Cretaceous-aged Bulkley intrusive rocks (Alaskite) and adjacent hornfelsed sedimentary (Argillite) and volcanic rocks (Andesite) of the Telkwa Formation. The Quartz Breccia Zone is appropriately named for the Quartz Breccia (angular fragments of volcanics and quartz carbonate flooding) encountered during trenching in the early 1960’s. In 1978, DDH 78-2 was drilled and returned favourable molybdenum mineralization. In 2007, Bard continued its exploration drilling by twinning this 1978 drill hole and confirming the mineralization (Refer to news release dated March 9, 2007). The 2008 Quartz Breccia Zone drill holes are currently following up the molybdenum mineralization intersected in BD-07-02 by targeting the boundaries of the anomalous magnetic lows along strike between the Quartz Breccia Zone and the Granby Zone. The Total Field Magnetics completed over the property in 2007 in conjunction with the work completed to date best illustrates the potential for a large body hosting molybdenum mineralization.
There have been a total of five drill holes competed in 2008 in the Quartz Breccia Zone with assays pending on drill holes BDQ-08-02 to BDQ-08-05. Drilling on the Granby Zone BDG-08-01 drill hole is currently underway and drilling with the second rig in the Alaskite Zone is ongoing, offsetting drill hole BD-08-25 which intersected 0.10% Mo over 730.9m.
Of importance to note is the existing infrastructure on the Property, which includes Highway 16, natural gas pipeline, a major hydro power transmission line and transformer sub-station, and it 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.
Samples from drill holes BDQ-08-01 were analyzed at Eco Tech Laboratories in Kamloops, British Columbia. Analytical procedures consist of a 28 element ICP analysis; package BICP-11, followed by assay for any molybdenum ICP analyses greater than 500 ppm. Results for additional drill holes will be released when assay results are received and interpret |
