Vancouver, BC - Mr. Eugene Beukman, President of Bard Ventures Ltd. ("Bard or the Company"), is pleased to provide an update on the Company's exploration projects located in British Columbia.
Lone Pine Property
Bard has commenced fieldwork on its Lone Pine Project located approximately 11 kilometers north of Houston, BC. The 55 line kilometer grid has been established covering the area of recent diamond drilling, the known zones of mineralization and prospective areas. SJ Geophysics Ltd. has mobilized a geophysical crew to the Property and started 55 kilometers of 3-D Induced Polarization (IP) and magnetic geophysical surveys. It is estimated the surveys will take approximately one month to complete.
Once the geophysical program is completed, all historic data and the recently completed drilling information will be digitally entered for targeting the higher grade molybdenum mineralization. Foraco Drilling Ltd. (formerly Connors Drilling) has been contracted to complete a minimum of 7,000 meters of NQ2 core size drilling. The drill program is scheduled to start mid-summer.
Bard is exploring for porphyry type molybdenum mineralization in Cretaceous-aged Bulkley intrusive rocks and adjacent hornfelsed sedimentary and volcanic rocks of the Telkwa Formation. This exploration program follows Bard's winter 2007, 7 hole diamond drilling program which confirmed the presence of widespread molybdenum mineralization on the Property. The best drill hole (BD-07-02) returning 0.07% MoS2 over the entire 489.4 meters of bedrock cored. This intercept included a 231.4 meter interval of 0.095% MoS2.
Grouse Mountain Property
Additionally, Bard has started research and compilation work on its recently optioned Grouse Mountain Property which is located immediately to the north and adjacent to the Lone Pine Property. A number of mineralized structures occur on the Property, and to date only a few of them have been tested by drilling. The Property is also prospective for porphyry style molybdenum mineralization. Once the compilation is completed, Bard will complete an exploration program including but not limited to geophysical and geochemical surveying, geological mapping and prospecting, and if justified by results, diamond drilling later this field season.
Exploration work on the Properties is being conducted under the supervision of Qualified Person Jim Miller-Tait, P. Geo.
Bard also wishes to announce that on May 29, 2007, it granted incentive stock options to a director to purchase 100,000 shares of the Company at a price of $0.22 per share. The stock options expire on May 29, 2012 and are subject to a hold period that expires on September 30, 2007. Also, in accordance with the policies of the TSX Venture Exchange, the grant is subject to vesting provisions for the first 18 months.
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.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF CONTENT OF THIS PRESS RELEASE
You can view the Next News Releases item: July 23, 2007, Exploration Update on Lone Pine Molybdenum Property, and Grouse Mountain Omineca Mining Division, BC
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