Bard Ventures Ltd.: Drilling Results-0.06% Molybdenum Over 386.29 Meters and 0.08% Copper Over 302.7 Meters-Quartz Breccia Zo...
September 22 2011 - 6:00AM
Marketwired
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-11-68 located 145 meters to the east of drill hole
BD-11-70. The Property is located 15 kilometers north-northwest of
Houston, BC and is situated in the Omineca Mining Division.
Drill hole BD-11-68 is the third and final drill hole completed
during the phase one drill program on the Quartz Breccia Zone
located one kilometer north of the Alaskite Zone
Molybdenum-Copper-Silver Resource. A summary of significant drill
hole intercepts from BD-11-68 is highlighted in the table below.
All intervals are reported as drill core widths.
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COPPER
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From (m) To (m) Interval (m) % Cu
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24.0 326.7 302.7 0.08
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Incl 41.2 68.0 26.8 0.13
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Incl 100.1 120.8 20.7 0.13
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Incl 148.8 166.5 17.7 0.11
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Incl 185.6 207.3 21.7 0.18
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Incl 297.6 303.6 6.0 0.29
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MOLYBDENUM
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From (m) To (m) Interval (m) % Mo
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32.61 418.9 386.29 0.06
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Incl 103.4 120.8 17.4 0.12
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Incl 131.8 155.0 23.2 0.15
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Incl 199.1 207.3 8.2 0.14
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Incl 253.3 264.2 10.9 0.12
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Incl 322.7 339.0 16.3 0.14
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Vertical drill hole BD-11-68 intersected extensive intervals of
copper and molybdenum mineralization from bedrock at 24.0 meters to
a down hole depth of 418.9 meters through a broad zone of andesitic
to basalt rich stratigraphy intercalated with intervals of crystal
tuff, volcaniclastics and minor Alaskite dykes. The drill hole
terminated at a down hole depth of 590.4 meters. Molybdenum and
chalcopyrite mineralization is vein hosted; silver mineralization
is vein hosted and scattered with best results reporting from 179.2
grams per tonne silver over 1.0 meter to 6.6 grams per tonne silver
over 4.9 meters.
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 -
molybdenum mineralization with scattered intervals of vein hosted
silver mineralization in a set of drill holes trending to the
northwest at 315 degrees identified by vertical drill holes
BD-07-02, BD-07-03 and angled drill hole BDQ-08-01. Drill hole
BD-11-68 is located approximately 68 meters to the northwest of
BD-07-02 designed to extend open ended molybdenum mineralization at
the end of angled drill hole BDQ-08-01 (0.07% Mo over 282.0 meters)
and to extend molybdenum-copper mineralization to the northwest of
BD-07-02 (0.07% Mo over 282.0 meters and 0.05% Cu over 236.0
meters).
The results from drill hole BD-11-68 is deemed significant
extending copper and molybdenum mineralization over a horizontal
distance of 212m and from surface to a vertical down hole depth of
473.4m (BD-07-02). Copper and molybdenum mineralization remains
open to extension in all directions requiring additional
drilling.
The Company awaits the results of additional assays for rhenium
("Re") and gold ("Au") 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 dated
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 (see 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-11-68 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.
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.
Contacts: Bard Ventures Ltd. Eugene Beukman President (604)
687-2038 (604) 687-3141 (FAX) www.bardventures.com
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