Bard Ventures Ltd. (“Bard” or the “Company”) is very pleased to provide the update of operations for the Lone Pine Property (the “Property”). The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division.
Bard has recently received a detailed petrographic report on 18 drill core samples taken from the Property, which was prepared by Dr. Eva Schandl. In the report Dr. Schandl concluded that circulating hydrothermal fluids in the rocks were highly saline as the fluid inclusions contain halite daughter minerals, and that phase separation (possibly due to boiling) had occurred. She also suggested that the quartz + orthoclase + anhydrite veining seen in the Quartz Breccia Zone area probably represents a high temperature core of potassic alteration. These features are all important attributes associated with economic Mo-Cu deposits. To summarize, Dr. Schandl indicates that “The lithology, alteration and style of mineralization in the suite of samples from the Lone Pine Mo-Cu porphyry prospect are comparable to porphyry-type Mo-Cu deposits on the global scale.” Bard intends to continue using petrographic examinations to develop a more robust alteration model, and this together with the interpretation of the historic data, geological mapping, 3D Induced Polarization (IP) and magnetic surveys, which encompasses all of the areas of potential mineralization on the Lone Pine Property, has led to identifying areas of high prospectivity for drilling.
The Company further announces that a 10,000 meter diamond drilling program has commenced on the Property. Initially one drill will be used and a second may be added to expedite the program. This drilling will follow up on historic results and the results of the 2007 drilling program. The best drill hole from the 2007 program (BD-07-02) returned 0.07% MoS2 over the entire 489.4 meters of bedrock cored, including a 231.4 meter interval of 0.095% MoS2.
Shareholders are invited to visit the Company website www.bardventures.com for updates on the drilling as well as pictures of the drill core as it becomes available.
Exploration work on the Property is being conducted under the supervision of Qualified Person Jim Miller-Tait, P. Geo.
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.