Bard Ventures Ltd.: Results From Lone Pine Molybdenum, Copper, Silver Exploration Program Shows Continued High Grade Mineralization
0.10% Molybdenum Intersected Over 573.4m Including 0.04% Copper Over 413.0m, Alaskite Zone
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/06/11 -- Bard Ventures Ltd. (TSX VENTURE: CBS)(FRANKFURT: BVU) (the "Company") is pleased to report the initial results from its 2011 phase one exploration drill program on its Lone Pine Property (the "Property"). The Company is very pleased and encouraged by the positive results received from drill hole BD-11-67 demonstrating the continuity of high grade mineralization through areas of widely spaced drill hole intercepts. The Property is located 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division.
Drill core assay results from the first drill hole completed during its phase one 2011 drill program on the Lone Pine Property have been received and interpreted. The first drill hole of the 2011 field season is BD-11-67 located in the Alaskite Zone is in an area of widely spaced drill hole intercepts and higher grade of mineralization intersected close to surface will enhance the open pit mining economics. Additional drill hole results will be released as the assays are received and interpreted.
Vertical drill hole BD-11-67 intersected hornfels volcanics to a vertical depth of 41.7 metres. Alaskite intrusive with quartz stockwork hosting molybdenum and copper mineralization was intersected to a vertical depth of 687.1 metres. The drill hole terminated in Quartz Feldspar Granite intrusive at a final depth of 736.4 metres. A summary of significant drill hole intercepts are highlighted in the table below, all intervals are reported as drill core widths.
Drill core samples from BD-11-67 were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 1E analysis. Analytical procedures consist of a 31 element ICP analysis followed by assay for any molybdenum ICP analyses greater than 4000 ppm Mo.
The Company has completed a NI 43-101 positive Preliminary Economic Assessment on the Alaskite Zone (See news release March 11, 2011). Mineral resources that are not mineral reserves do not have demonstrated economic viability. A copy of the Report is available on SEDAR at .
The Property has an ideal location for operations with established infrastructure including:
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.
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, President
For further information please visit our website at:
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 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)
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Datum: 06.09.2011 - 11:00 Uhr
Sprache: Deutsch
News-ID 62355
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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