VANCOUVER, BRITISH COLUMBIA, Nov 19, 2008 (Marketwire via COMTEX News Network) --
Bard Ventures Ltd. ("Bard") or (the "Company") (TSX VENTURE:CBS) has received the results from BD-08-41 and BD-08-42 drill holes and is very pleased to announce the following drill results from its Lone Pine Molybdenum Property (the "Property"). The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division.
Final assay results have been received and interpreted from drill holes BD-08-41 and BD-08-42. The significant intervals for drill hole BD-08-42 are tabulated below:
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Drill Total Depth From To Interval Mo MoS2
hole No. (m) (m) (m) (m) % %
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BD-08-42 569.03 211.00 517.00 306.00 0.08 0.13
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including 321.00 485.00 164.00 0.11 0.18
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Hole BD-08-41: This vertical drill hole was located northeast of the proposed extension of the interpreted alaskite mineralized corridor, 75 meters northeast of BD-08-37 and 100 meters west-northwest of BD-07-18. The rocks intersected are dominantly "hanging wall" andesites with weak to locally moderate veining and anomalous molybdenum mineralization.
Hole BD-08-42: A vertical drill hole, was collared 100 meters northwest of BD-08-38 and 50 meters southwest of BD-08-37. The drill hole collared into andesite at 10.67 meters before intersecting alaskite between 56.20 - 124.50 meters. Andesite was intersected between 124.50 - 201.00 meters followed by a lengthy intercept of alaskite between 201.00 - 545.00 meters. The drill hole was shutdown in the quartz feldspar porphyry pluton at a depth of 569.03 meters. The mineralization within BD-08-42 was consistent with the mineralization encountered 100 meters to the southeast in drill hole BD-08-38, thus extending the higher grade zone of the Alaskite Zone an additional 100 meters to the northwest. Molybdenum mineralization remains open to the northwest and continues to support the interpreted geological model.
The alaskite intrusive is the main focus of the Lone Pine Property drilling and has been interpreted as being the most favorable lithology for molybdenum mineralization. The alaskite intrusive to date continues to be drilled to the northwest of its original outcropping occurrence, the BD-07-01 area, with exploration advancement to the northwest ongoing. The alaskite intrusive has been interpreted to plan view as being currently 510 meters in length and 310 meters in width with molybdenum mineralization tested to a depth of 843 meters. A higher grade corridor of molybdenum mineralization has been outlined within the alaskite intrusive as shown in the favourable assay results from BD-07-16, BD-08-24, BD-08-25, BD-08-28, BD-08-29, BD-08-32, BD-08-35, BD-08-38, and now BD-08-42.
Geological and stratigraphic information from all holes as well as recent surface mapping suggests the alaskite intrusive continues to the northwest. The geophysical surveys, total field magnetics in particular, concur with this geological interpretation.
Ideal location with established infrastructure
The Property has access to an existing infrastructure including:
- Highway 16;
- a natural gas pipeline;
- a major hydro power transmission line and transformer sub-station; and
- is located only 15 kilometers from the CN rail line in Houston, BC.
A plan of the drill holes in the Alaskite Zone may be viewed on the Company's website at www.bardventures.com.
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 BD-08-41 and BD-08-42 are being analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 1E methodology. Analytical procedures consist of a 31 element ICP analysis followed by assay for any molybdenum ICP analyses greater than 4000 ppm.
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, President