Thursday, 23 October 2008 09:24 AM
Final assay results received and interpreted from drill holes BD-08-37 and BD-08-38 are as follows:
--------------------------------------------------------------------------
Drillhole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2%
--------------------------------------------------------------------------
--------------------------------------------------------------------------
BD-08-37 572.08 160.00 251.00 91.00 0.05 0.08
--------------------------------------------------------------------------
including 222.80 239.00 16.20 0.08 0.13
--------------------------------------------------------------------------
--------------------------------------------------------------------------
BD-08-38 715.02 171.00 695.00 524.00 0.11 0.18
--------------------------------------------------------------------------
including 323.00 625.00 302.00 0.12 0.20
--------------------------------------------------------------------------
encountered between 163.00 - 467.00m with minor intercalated alaskite throughout before intersecting the quartz feldspar porphyry. The drillhole was shutdown at 572.08m. Molybdenum mineralization and sulphide enrichment was generally weak throughout this drillhole; however, location of existing mineralized corridor continues to suggest a northwesterly trend. BD-08-37 is located approximately 370m northwest of BD-07-01.
Hole BD-08-38, a vertical drillhole, was collared 100m northwest of BD-08-35. The entire drill hole from bedrock at 18.29m to the final depth of 715.02m assays 0.08% Mo (0.13MoS2) over 696.73m. The drillhole collared into Alaskite intrusive at 18.29m through to 583.40m before intersecting a moderate interval of intercalated Alaskite and andesite between 583.40 - 702.00. Quartz feldspar porphyry pluton, the typical shutdown rock was drilled through to 715.02m. Molybdenum mineralization in BD-08-38 is quite strong and extends the known boundaries of the high grade portion of the alaskite intrusive an additional 100m to the northwest of BD-08-35.
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, BD-07-01 area, with exploration advancement to the northwest ongoing. The Alaskite intrusive has been interpreted to plan view as being currently 510m in length and 310m in width with molybdenum mineralization tested to a depth of 843m. 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 and now BD-08-38. 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.
Mapping
Bard is pleased to announce that Eagle Mapping Ltd., of Port Coquitlam, B.C., has completed the aerial photography of the Lone Pine Property claims. These digital maps and orthophotography will be utilized in the forthcoming National Instrument 43-101 resource estimate.
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-08-37 and BD-08-38 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
For all Bard Ventures Ltd. investor relations needs investors are asked to visit the Bard Ventures Ltd. IR Hub at http://www.agoracom.com/IR/bardventures where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [email protected] where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
Forward-looking statements:
This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Bard Ventures Ltd. expects to occur, are forward looking statements.
Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Bard Ventures Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future realities and actual realities may differ materially from those in forward looking statements. Factors that could cause the actual realities to differ materially from those in forward-looking statements include market prices, exploitation and exploration success, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future realities and actual realities or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Bard Ventures Ltd.'s management on the date the statements are made. Unless otherwise required by applicable securities laws, Bard Ventures Ltd. expressly disclaims any intention and assumes no obligation to update or revise any forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, whether as a result of new information, future events or otherwise.
SOURCE: Bard Ventures Ltd.
Bard Ventures Ltd. Eugene Beukman President (604) 687-2038 (604) 687-3141 (FAX) Website: www.bardventures.com