Bard Ventures Ltd.: Drilling Results 8.51 Gm/t Silver Over 74.4 Meters and 0.09% Copper Over 251.8 Meters Quartz Breccia Zone...
September 19 2011 - 6:00AM
Marketwired Canada
Bard Ventures Ltd. (TSX VENTURE:CBS)(FRANKFURT:BVU) (the "Company") is pleased
to announce additional significant drill hole results from its 2011 phase one
drill program in the Quartz Breccia Zone on its Lone Pine Property (the
"Property"). The Company is very pleased and encouraged by the positive results
received from drill hole BD-11-70 demonstrating the continuity of high grade
molybdenum (Mo), copper (Cu) and silver (Ag) mineralization over a horizontal
distance of 180 meters including drill holes BDQ-08-04, BD-11-69 and BDQ-08-03.
Mineralization identified by these drill holes remains open in all directions
and requires additional drilling. The Property is located 15 kilometers
north-northwest of Houston, BC and is situated in the Omineca Mining Division.
A summary of significant drill hole intercepts from BD-11-70 is highlighted in
the table below. All intervals are reported as drill core widths and may not
represent true width as there has not been enough drilling to delineate the
shape of the mineralization at this early stage of wide spaced exploration
drilling.
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SILVER
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From (m) To (m) Interval (m) gm/t Ag
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47.4 55.2 7.8 9.04
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123.7 198.1 74.4 8.51
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Incl 178.1 187.1 9.0 28.41
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295.8 311.7 15.9 6.27
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329.9 334.4 4.5 10.24
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395.1 399.7 4.6 15.4
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COPPER
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From (m) To (m) Interval (m) % Cu
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47.4 59.3 11.9 0.17
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86.7 338.5 251.8 0.09
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Incl 178.1 196.1 18.0 0.13
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Incl 221.5 280.6 59.1 0.14
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Incl 293.0 311.7 18.7 0.18
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360.1 365.2 5.1 0.41
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377.4 385.3 7.9 0.16
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MOLYBDENUM
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From (m) To (m) Interval (m) % Mo
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55.2 124.7 69.5 0.04
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169.8 183.0 13.2 0.05
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202.1 272.3 70.2 0.03
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299.2 407.5 108.3 0.09
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Incl 358.7 365.2 6.5 0.28
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Incl 372.7 387.3 14.6 0.12
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420.8 429.7 8.9 0.03
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There has been no low or high assay cutoffs applied to any analytical results as
the project is still in the exploration phase. The only intervals that had
non-detectable silver (less than 0.5gm/t) in the interval from 123.7 meters to
198.1 meters reported above are three isolated and scattered sample intervals
varying from 1.5 meters to 2.0 meters in length.
Drill hole BD-11-70 intersected extensive intervals of copper, silver and
molybdenum mineralization from 47.4 meters to a vertical depth of 429.7 meters
through a broad zone of quartz healed volcanic breccia from 9.14 meters to 211.6
meters and underlying basalt, crystal tuff and scattered mafic dykes to the end
of the hole at 470.55 meters. Alaskite intrusive was intersected from 451.9
meters to 461.8 meters. Molybdenum and chalcopyrite mineralization is vein
hosted, while silver mineralization occurs as both vein hosted and disseminated.
Significant NQ drill core assay results have been received from the second of
three drill holes completed in the Quartz Breccia Zone located 1.0 kilometer
north of the Alaskite Zone Molybdenum-Copper-Silver Resource. In 2007 and 2008
the Company completed seven drill holes in the Quartz Breccia Zone. A review of
those results in March 2011 (News Release March 28, 2011) identified extensive
intervals of copper, silver and molybdenum mineralization including 0.052% Mo
over 142.0 meters (BDQ-08-03), 0.086% Cu over 147 meters (BDQ-08-03) and 19.05
grams per tonne Ag over 176.0 meters (BDQ-08-04). Drill hole BDQ-08-04
terminated in copper-silver mineralization at the end of the hole and remains
open to extension at depth. Vertical drill hole BD-11-70 is located 105 meters
to the north of BD-11-69 (News Release September 9, 2011) and is 49 meters north
of BDQ-08-03 along the western margin of the Quartz Breccia Zone. With the
completion of drill hole BD-11-70, extensive intervals of copper, silver and
molybdenum mineralization have been intersected over a strike length of 180
meters and from surface to a vertical depth of 551.3 meters.
The Company awaits the results of additional assays for rhenium ("Re") and gold
("Au") from drill hole BD-11-70 and will issue a news release as soon as these
results become available.
The Company has 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. Drill core samples from BD-11-70 were analyzed by
ACME Analytical Laboratories in Vancouver utilizing a 31 element ICP-ES
geochemical analysis, over-limit ICP base and precious metal results were
assayed.
On behalf of:
Bard Ventures Ltd.
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.
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