Bard Ventures Ltd.: Drilling Results 8.51 Gm/t Silver Over 74.4 Meters and 0.09% Copper Over 251.8 Meters Quartz Breccia Zone...
September 19 2011 - 7:00AM
Marketwired
Bard Ventures Ltd. (TSX VENTURE: CBS)(FRANKFURT: BVU) (the
"Company") is pleased to announce additional 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-11-70 demonstrating the continuity of high grade
molybdenum (Mo), copper (Cu) and silver (Ag) mineralization over a
horizontal distance of 180 meters including drill holes BDQ-08-04,
BD-11-69 and BDQ-08-03. 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-11-70 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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47.4 55.2 7.8 9.04
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123.7 198.1 74.4 8.51
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Incl 178.1 187.1 9.0 28.41
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295.8 311.7 15.9 6.27
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329.9 334.4 4.5 10.24
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395.1 399.7 4.6 15.4
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COPPER
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From (m) To (m) Interval (m) % Cu
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47.4 59.3 11.9 0.17
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86.7 338.5 251.8 0.09
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Incl 178.1 196.1 18.0 0.13
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Incl 221.5 280.6 59.1 0.14
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Incl 293.0 311.7 18.7 0.18
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360.1 365.2 5.1 0.41
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377.4 385.3 7.9 0.16
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MOLYBDENUM
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From (m) To (m) Interval (m) % Mo
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55.2 124.7 69.5 0.04
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169.8 183.0 13.2 0.05
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202.1 272.3 70.2 0.03
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299.2 407.5 108.3 0.09
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Incl 358.7 365.2 6.5 0.28
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Incl 372.7 387.3 14.6 0.12
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420.8 429.7 8.9 0.03
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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 intervals that had non-detectable silver (less than
0.5gm/t) in the interval from 123.7 meters to 198.1 meters reported
above are three isolated and scattered sample intervals varying
from 1.5 meters to 2.0 meters in length.
Drill hole BD-11-70 intersected extensive intervals of copper,
silver and molybdenum mineralization from 47.4 meters to a vertical
depth of 429.7 meters through a broad zone of quartz healed
volcanic breccia from 9.14 meters to 211.6 meters and underlying
basalt, crystal tuff and scattered mafic dykes to the end of the
hole at 470.55 meters. Alaskite intrusive was intersected from
451.9 meters to 461.8 meters. Molybdenum and chalcopyrite
mineralization is vein hosted, while silver mineralization occurs
as both vein hosted and disseminated.
Significant NQ drill core assay results have been received from
the second 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-11-70 is located
105 meters to the north of BD-11-69 (News Release September 9,
2011) and is 49 meters north of BDQ-08-03 along the western margin
of the Quartz Breccia Zone. With the completion of drill hole
BD-11-70, extensive intervals of copper, silver and molybdenum
mineralization have been intersected over a strike length of 180
meters and from surface to a vertical depth of 551.3 meters.
The Company awaits the results of additional assays for rhenium
("Re") and gold ("Au") from drill hole BD-11-70 and will issue a
news release as soon as these results become available.
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-11-70 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
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.
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) www.bardventures.com
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