Bard Ventures Ltd. is pleased to announce it has completed 9 NQ drill holes from 4 drill sites totaling 2,495.04m during its initial phase of drilling on its Lone Pine Property. The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division.
Results have been received from the first 6 drill holes (BD-09-49 to BD-09-54) which were designed to test the eastern portion of anomalous molybdenum soil geochemistry covering the eastern portion of the quartz feldspar granite intrusive, its contact Alaskite phase and surrounding hornfelsed volcanics. This area is approximately 1,000m east of the known Alaskite resource described below. Assay results confirm both disseminated and vein hosted molybdenum mineralization is best developed within the coarse grained quartz feldspar intrusive granite with results reporting up to 8.2m of 0.030% Mo or 0.051% MoS2 (305.3ppm Mo) in BD-09-54 and 0.022% Mo or 0.036% MoS2 (216.9ppm Mo) over 9.6m in BD-09-53. Higher grade molybdenum mineralization was also intersected over intervals within the granite intrusive 0.10% Mo or 0.165% MoS2 (up to 989ppm Mo) over 0.4m. Vein hosted molybdenum mineralization within the bounding hornfelsed volcanics has to date returned high grade intervals of 0.13% Mo or 0.22% MoS2 (up to 1325ppm Mo) over 0.7m and 0.079% Mo or 0.13% MoS2 (786.6ppm Mo) over 2.3m. Over limit assay results for copper, lead, zinc and silver from scattered quartz vein intervals are pending.
The initial results from this first phase of drilling are considered very encouraging as it demonstrates the potential for locating both stockwork vein type and disseminated molybdenum mineralization within the quartz feldspar granite intrusive, and vein hosted mineralization within the surrounding hornfelsed volcanics which to date has not been considered as an exploration target receiving very limited historical exploration activity.
The results from the remaining 3 holes of the 9 hole drill program are pending and will be released once received and interpreted.
The Lone Pine Property currently has a calculated measured and indicated resource at a 0.04% Mo cutoff of 110,340,000 tonnes grading 0.083% Mo containing 201,733,000 in-situ pounds of molybdenum. (Please refer to News Release dated January 22, 2009 for full resource disclosure).
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 sub-station; and
- is located only 15 kilometers from the CN rail line in Houston, BC.
Samples from BD-09-49 to BD-09-54 were 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.
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 Rick Kemp, P.Geo.