Bard Ventures Ltd.: Drilling Results
10 September 2011 - 2:31AM
Marketwired
Bard Ventures Ltd. (the "Company") (TSX VENTURE: CBS)(FRANKFURT:
BVU) is pleased to announce 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-11-69 demonstrating the continuity of high grade molybdenum
(Mo), copper (Cu) and silver (Ag) mineralization over a horizontal
distance of 131 meters from drill hole BDQ-08-03 through BD-11-69
to BDQ-08-04. 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-11-69 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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18.6 233.3 214.7 70.49
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Incl 49.3 51.0 1.7 711.0
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Incl 142.5 148.8 6.3 1,483.83
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And 146.3 146.8 0.5 15,920.00(i)
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Incl 180.0 183.3 3.3 920.96
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439.6 450.8 11.2 8.51
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Incl 446.5 448.7 2.5 25.76
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(i) 15,920gm silver = 464 oz = 15.92kg
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COPPER
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From (m) To (m) Interval (m) % Cu
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49.3 235.3 186.0 0.11
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Incl 49.3 54.2 4.9 0.27
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Incl 120.5 124.0 3.5 0.38
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Incl 142.5 148.8 6.3 1.35
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And 146.3 146.8 0.5 14.08
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Incl 168.5 185.3 16.8 0.24
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309.0 312.9 3.9 0.04
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329.1 336.4 7.3 0.08
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MOLYBDENUM
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From (m) To (m) Interval (m) % Mo
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329.1 446.5 117.4 0.09
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Incl 373.9 382.3 8.4 0.60
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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 interval that had non-detectable silver (less than
0.5gm/t) in the interval from 18.6m to 233.3m reported above was
from 55.4m-58.4m a drilled width of 3.0m.
Drill hole BD-11-69 intersected extensive intervals of copper,
silver and molybdenum mineralization from 18.6 meters to a vertical
depth of 450.8 meters through a broad zone of quartz healed
volcanic breccia from 18.6 meters to 392.6 meters and underlying
basalt and narrow Alaskite dykes to 481.3 meters. Alaskite was
intersected from 481.3 meters to 544.3 meters. The drill hole
terminated in a fine grained magnetic mafic dyke from 544.3 meters
to the end of hole at 602.59 meters. Molybdenum and chalcopyrite
mineralization is vein hosted, while silver mineralization occurs
as both vein hosted and disseminated. High grade vein hosted
copper, silver and zinc mineralization was intersected within a 6.3
meter interval from 142.5 meters to 148.8 meters as outlined in the
table above.
Significant NQ drill core assay results have been received from
the first 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-11-69 is located
along the western margin of the Quartz Breccia Zone and is bounded
by 2008 vertical drill holes BDQ-08-03, located approximately 57
meters to the north, and BDQ-08-04, located approximately 74 meters
to the south.
The Company awaits the results of additional assays for rhenium
("Re") and gold ("Au") from drill hole BD-11-69.
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-11-69 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
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.
Contacts: Bard Ventures Ltd. Eugene Beukman President (604)
687-2038 (604) 687-3141 (FAX) www.bardventures.com
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