Bard Ventures Ltd. ("Bard" or the "Company") is pleased to provide this update on the 2009 exploration on the Grouse Mountain Property (the "Property"). The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated immediately to the north of Bard's Lone Pine Molybdenum Project in the Omineca Mining Division. The initial phase of compilation of all historic exploration work, geological mapping, soil and rock sampling has been completed.
The 2009 exploration program consisted of a geochemical and geological mapping/prospecting program that was completed on the southwest-facing slope of Grouse Mountain. Soil samples were collected at 50m intervals along 8 lines at 200m spacing covering an area of 1.5km x 2.0km. The program resulted in a total of 356 soil and 6 rock samples being collected. Results will be made available as soon as received and interpreted.
Exploration on the Property dates back to 1914 when chalcopyrite/sphalerite mineralisation was first discovered on the Grouse Mountain Property. During the period 1915 to 1927, extensive drifting and raising was completed on two levels on the Ruby Zone, with some work being done on the Lakeview Zone. After an approximate 30 year hiatus, a company drilled 5,700 meters of diamond drilling and rehabilitated the underground workings. During 1970, VLF-EM surveys and 1,282 metres of diamond drilling were completed. This was followed by various geochemical/geophysical surveys and additional drilling in 1984 when the operators added a further 720,000 tonne low grade inferred resource to the existing 320,000 tonnes of 0.38% copper, 4.23% zinc, and 0.88 g/t silver. (These resource calculations were completed prior to National Instrument 43-101 and therefore are non-compliant with current regulations) A short exploratory drill program in 1990 is the last known major work done on the Property. It has been reported that there has been over 1,100 meters of underground development completed on the Property. The claims are also prospective for porphyritic molybdenum deposition.
The Property is underlain by Mid Jurassic volcanoclastic sediments of the Smithers Formation, and Lower Jurassic pyroclastic tuffs and breccias of the Telkwa Formation. A number of east-northeasterly trending veins occur on the Property that were formed within steep normal fault planes. These fault zones were ideal conduits for mineralising mesothermal hydrothermal fluids. The copper-zinc-silver +/- gold quartz/carbonate veins encountered are typically mineralised with yrite/sphalerite/chalcopyrite, with lesser galena and tetrahedrite. Previous petrographic studies have indicated some of the numerous mineralised structures may actually be stratiform massive sulphides.
The Property has an ideal location for operations with established infrastructure including close proximity to:
Bard is earning a 100% interest in the Property under the terms of an option agreement (see News Release dated May 9, 2007). The Grouse Mountain exploration work is being conducted under the supervision of Qualified Person Jim Miller-Tait, P.Geo., a Director of Bard.
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, President
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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.
You can view the Next News Releases item: October 19, 2009, Excellent Follow Up Target Areas Identified - Grouse Mountain Property
You can view the Previous News Releases item: July 23, 2007, Exploration Update on Lone Pine Molybdenum Property, and Grouse Mountain Omineca Mining Division, BC
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