St. James Gold Corp. (fka CBS.V)

[Renee]

Bard Ventures Ltd. changed to St. James Gold Corp.:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[gatto72]

Online Investor Presentation for Bard


Bard Ventures Ltd., Live Online Investor Presentation, taking place Thursday, June 10, 2010 at 10:30 am (Pacific Standard Time)/1:30pm (Easter Standard Time). Eugene Beukman – President & CEO of Bard Ventures will present on their Lone Pine discovery in northern British Columbia

To take part please click on the below URL (or copy and paste into your browser) AT THE ABOVE TIME MENTIONED:

https://my.dimdim.com/sandmanmedia/

[kiwisteve]

chart:
web: http://www.bardventures.com/s/QwikReport.asp
Fundamental reasearch Corp - feb 16: http://www.bardventures.com/i/pdf/Fundamental_Update_Feb_2009.pdf

[scroogemcdick]

Bard Ventures’ Expanding Moly Universe

By Darryl Kelley

Higher grades, longer intercepts, and further step-outs all add up to the inevitability of Bard Ventures’ (TSX.V:CBS), rather than the possibility, of a major molybdenum deposit. The Lone Pine project, located 15 kilometers outside of Houston British Columbia, is intersected by Highway 16 as well as a natural gas pipeline and major power transmission lines, making the property an extremely well serviced location for a mine.

Ongoing drilling has now delineated a large, high-grade moly deposit that covers 4 zones measuring at least 1.5 km in length and half a kilometer wide.

Bard is in the process of earning a 100% interest in the property in exchange for 545,000 shares and $75,000 in exploration, as well as some minor advance royalty payments.


Drilling Results Simmarized

Final assay results have been received and interpreted from drill holes BD-08-26, BD-08-27 and BD-08-28.

The significant intervals for hole BD-08-28 are tabulated below:

Drillhole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2%
BD-08-28 843.34 59.00 789.00 730.00 0.10 0.17
Including 297.00 335.00 38.00 0.15 0.25
Including 377.00 549.00 172.00 0.15 0.25

Hole BD-08-28: Drill hole BD-08-28 was designed to follow up the Northwest trend of the higher grade molybdenum mineralization intitially encountered in drill hole BD-08-25. Drill hole BD-08-25 intersected 730.9m of 0.10% Molybdenum including 130.1m of 0.20% Molybdenum. BD-08-28 was collared 50 meters to the northwest and collared into andesitic rocks through to approximately 110m before encountering the favourable alaskite intrusive. Alaskite continued through to approximately 771m and was shutdown in the Quartz Feldspar Porphyry at 843.34m.

The significant intervals for holes BD-08-26 and 27 are tabulated below:
Drillhole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2%
BD-08-26 592.34 109.00 585.00 476.00 0.05 0.08
Including 109.00 175.00 66.00 0.06 0.10
Including 369.00 555.00 186.00 0.06 0.10
Including 391.00 423.00 32.00 0.10 0.17

BD-08-27 788.52 585.00 788.52 203.52 0.06 0.10
Including 749.00 763.00 14.00 0,10 0,17

Hole BD-08-26: Drill hole BD-08-26 was designed to follow up the favourable results of BD-17-16, 100m to the southwest. BD-08-26 collared into Andesitic rocks before quickly becoming an intercalated package of andesite and alaskite up to 353.00m. From 353.00m to the end of hole at 592.34m, moderately mineralized andesite was encountered. The location and extent of the intersected Alaskite intrusive, continues to favour the interpretation that the intrusive body has a northwest strike with a steep southwesterly dip.

Hole BD-08-27: Drill hole BD-08-27 was designed to follow up a fence of drilling that included BD-07-16, BD 07-19 and BD-08-26, by extending the potential window of mineralization another 100m to the southwest. BD-08-27 collared into Andesite and stayed in andesite throughout the entire hole length with few, noted, less than one metre alaskite dykes in the entire drillhole.

Final assay results from drill hole BD-08-25, first reported on February 19th this year, are below:

Drillhole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2%
BD-08-25 798.82 67.92 798.82 730.9 0.10 0.17
Including 259.0 577.1 318.1 0.14 0.23
Including 447.0 577.1 130.1 0.20 0.33
Including 453.0 477.0 24.0 0.30 0.50
Including 611.3 739.0 127.7 0,15 0.25

This hole was collared into hornfelsed andesite through to 133.0 m before encountering the Alaskite intrusive. The Alaskite intrusive, from 133.0 m to 739.0 m, was inundated with extensive stockwork quartz veining, abundant visible molybdenum and favourable alteration.

The Alaskite intrusive is the main focus of the Lone Pine Property drilling and has been interpreted as being the most favorable lithology for molybdenum mineralization. To date, the Alaskite intrusive is 260m in length along its northwest-southeast strike and 310m wide in plan view and molybdenum mineralization has been tested to a known depth of 843m. A higher grade corridor of molybdenum mineralization has been outlined within the Alaskite intrusive as shown in the favourable assay results from BD-07-16, BD-08-24, BD-08-25, BD-08-26, BD 08-27 and BD-08-28.

Bard also released the results on May 27th from hole BD-08-29, with significant intercepts covered in the table below:

Drill Hole No. From (m) To (m) Interval (m) Mo% MoS2%
BD-08-29 229.0 749.0 520.0 .11 .18
Including 367.0 643.0 276.0 0.15 0.25
Including 485.0 537.0 52.0 0.20 0.33

Moly Fundamentals Stronger Than Ever
The fundamental aspects driving the strength in the molybdenum market remain extremely bullish. Large institutional investors such as Eric Sprott have even gone so foar as to establish their owm Molybdenum Participation Funds, designed to capitalize on the metal’s increasing value.

Among the main drivers for molybdenum’s high price:

• Record high molybdenum prices. Tightening supply and growing demand has driven the price of molybdenum from the $2-$3 per pound range where it languished throughout much of the 1990s, to its current level near $30 per pound.

• Strong demand fundamentals. The growing production of construction steel (32% of end use) and stainless steel (31% of end use) has driven molybdenum demand for its lightweight, high-strength and anti-corrosive properties. Demand for molybdenum-bearing construction steel (0.1%-1.2% Mo) continues to grow, fuelled by the oil and gas, ship building, aerospace and building industries. Stainless steel (1%-7% Mo) production has grown at a compound rate of 8% over the past five years and shows no signs of slowing down.

• Tight supply. Traditional producers of molybdenum have seen production rates decline. Codelco, the world’s second largest molybdenum producer, has reduced annual production by 10 million pounds due to falling head grades. A further 11 million pound reduction is possible this year. Freeport McMoran (Phelps Dodge) is considering reopening past mining operations or adding molybdenum recovery circuits to boost Mo by-product recoveries at their copper operations.

• Long lead time for new production. There is currently no significant excess standby supply at the mine level ready to be brought back into production, and limited new development of primary molybdenum mines has resulted in long lead times for greenfield developments.

• Chinese molybdenum exports are falling. China is the third-largest producer of molybdenum and historically one of the largest exporters. The country’s exports are declining as its voracious appetite for steel has redirected domestic production. Additionally, more stringent regulatory enforcement and taxing of exports have curtailed production from many small mines.

• High molybdenum prices likely to continue. Molybdenum consumption has grown at a compound annual rate of 5% over the past five years and now stands at approximately 400 million pounds per annum. Assuming annual demand growth of 4% going forward, annual global molybdenum production will need to expand by 75% to 700 million pounds by 2020.

[originunknown]

Bard drills 270 m of 0.10% Mo at Lone Pine

2008-02-08 13:32 ET - News Release

Mr. Eugene Beukman reports

BARD VENTURES LTD.: DRILLING INTERSECTS 0.10% MO (0.167% MOS2) OVER 270 M AT THE LONE PINE MOLYBDENUM PROPERTY, B.C. SECOND DRILL TURNING ON PROPERTY

Bard Ventures Ltd. is releasing drill results from its Lone Pine molybdenum property. The property is located approximately 15 kilometres north-northwest of Houston, B.C., and is situated in the Omineca mining division.

Final assay results have been received and interpreted from drill hole BD-08-24 and holes BD-07-17 to -20, with the significant intervals in the table.


Drill hole Total depth From To Interval
No. (m) (m) (m) (m) Mo% MoS2%

BD-08-24 629.0 11.94 523.0 511.06 0.07 0.12
including 253.0 523.0 270.0 0.10 0.17
including 367.0 447.0 80.0 0.15 0.25

Hole BD-08-24 was drilled vertically 100 metres southwest of drill hole BD-07-15 (see Stockwatch news dated Jan. 7, 2008) and was designed to extend the width of the Alaskite intrusive as well as to intersect favourable molybdenum mineralization at depth. BD-08-24 collared in Alaskite intrusive and remained in the intrusive for 500 m before intersecting mineralized andesite and ending in a coarser-grained pluton. From the collar at 11.94 m to 523.0 m, BD-08-24 intersected 0.07 per cent molybdenum (0.12 per cent molybdenite), including a higher-grade zone from 253.0 to 523.0 m of 270.0 m of 0.10 per cent Mo (0.17 per cent MoS2).

The Alaskite intrusive is the main focus of the Lone Pine property drilling and has been interpreted as being the most favourable lithology for molybdenum mineralization. To date the Alaskite intrusive is 200 m in length along its northwest-southeast strike and 260 m wide in plan view, and molybdenum mineralization has been tested to a known depth of 798 m.

Hole BD-07-17 was collared 75 m north-northeast of BD-07-18 and drilled vertically, targeting the edge of an induced polarization anomaly, and was a 100-metre step-out from the known Alaskite intrusive outcropping. It was anticipated that BD-07-17 would better define the northeast mineralized contact and provide a geological boundary. Weakly mineralized andesites and diking were intersected through to 194 m before the hole was shut down.

Hole BD-07-18 was drilled vertically 100 m north of hole BD-07-15 and intersected weakly mineralized andesites and coarse-grained intrusive pluton. This drill hole now marks the northeast extent of the mineralized corridor that makes up the Alaskite zone. Geological and stratigraphic information from this hole will be used in a geological interpretation to assist additional targeting of the Alaskite zone molybdenum mineralization.

Hole BD-07-19 was drilled vertically targeting the eastern extent of the Alaskite mineralized zone as well as the eastern extent of the Alaskite intrusive. The intrusive was intersected near the top of the hole in BD-07-19 with the drill hole staying in andesite and finally coarse-grained intrusive pluton through to 420.75 m. Molybdenum mineralization was encountered between 53.0 to 115.0 m averaging 0.05 per cent Mo over 62.0 m, including 0.10 per cent Mo over 14 m from 89.0 to 103.0 m. Hole BD-07-19 continues to show moderate mineralization of the Alaskite zone extending to the northeast.

Hole BD-07-20 targeted an IP anomaly 100 m east of BD-07-01 and was drilled vertically, intersecting weakly mineralized andesite through the entire drill hole.

The geological and stratigraphic information from all holes will be used in a geological compilation for comparison with the geophysical survey results for additional targeting of molybdenum mineralization.

A second drill has been added and has commenced drilling on the Quartz Breccia zone located 1.2 kilometres due north of the Alaskite zone. This mineralization was intersected in hole BD-07-02 in February, 2007, returning 0.054 per cent Mo (0.09 per cent MoS2) over 231.4 m from 134.3 m to 365.7 m. As the molybdenum mineralization encountered at the Quartz Breccia zone is hosted by a quartz stockwork in brecciated andesite the exploration drilling will focus on the new IP and magnetic anomalies that may indicate an intrusive body similar to the Alaskite zone as the source of the molybdenum.

Of importance to note is the existing infrastructure on the property, which includes Highway 16, natural gas pipeline, a major hydro power transmission line and transformer substation, and it is located only 15 kilometres from the CN rail line in Houston, B.C.

A plan of the drill holes in the Alaskite zone may be viewed on the company's website.

Bard is earning a 100-per-cent interest in the property under the terms of an option agreement (see Stockwatch news dated Sept. 15, 2006). The Lone Pine exploration work is being conducted under the supervision of qualified person Jim Miller-Tait, PGeo, a director of Bard.

Samples from drill hole BD-07-17 to BD-07-20 were sent to Acme Analytical Laboratories in Vancouver using the Group I E methodology and the above are the results received to date. Results for additional drill holes will be released when assay results are received and interpreted.

Samples from BD-08-24 were analyzed at Eco Tech Laboratories in Kamloops, B.C. Analytical procedures consist of a 28-element ICP analysis, package BICP-11, followed by assay for any molybdenum ICP analyses greater than 500 parts per million.

We seek Safe Harbor.

[pplatte9]

Bard Ventures Reports Another Big Hole

By Darryl Kelley

In what is quickly becoming a habit with Bard Ventures (TSX.V:CBS), another great intercept from the drilling ongoing at the Lone Pine Molybdenum Project has returned 0.06% Molybdenum over 284 meters.

Hole BD07-16 was designed to explore the extent of the favorable Alaskite intrusive between drill holes BD07-01 and BD07-15. The Alaskite intrusive contains the disseminated molybdenite and associated surrounding stratigraphy contains the contact fracture veins and veinlets with associated molybdenum mineralization. Hole BD07-16 was drilled 75 meters northwest of hole BD07-01 and 125 meters southeast of hole BD07-15.

The drill hole intersected approximately 130 meters of intercalated Alaskite with hornfelsed andesite before intersecting 369 meters of strongly stockwork veined hornfelsed andesite. Molybdenum mineralization was encountered throughout the entire hole with 0.045% Mo (0.075% MoS2) averaged over 496 meters, between 3 - 499 meters.

The Alaskite intrusive is the main focus of the Lone Pine Property drilling and has been interpreted as being the favourable lithology for molybdenum mineralization. To date the Alaskite intrusive is a known 200 meters in length along its NW/SE strike, 260 meters wide in plan view and molybdenum mineralization has been tested to a known 525 meters in depth.

Of importance to note is the existing infrastructure on the Property, which includes Highway 16, natural gas pipeline, a major hydro power transmission line and transformer sub-station, and it 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 (see News Release dated September 15, 2006). The Lone Pine exploration work is being conducted under the supervision of Qualified Person Jim Miller-Tait, P. Geo., a Director of Bard.

Molybdenum is forecast to continue to see strong demand growth in the years ahead, and prices will increase steadily to reflect that.

According to Senior Analyst for Base Metals Catherine Virga, world moly demand will grow 5.8% this year, due in part to the increasing demand for cleaner fuels. She advised that airspace superalloy consumption will increase moly demand as the global airline passenger rate is forecast to grow at an average rate of 5.6% in 2009.

Virga forecast that the overall contributions traditional moly-producing miners and nations to global molybdenum mines supplies will decline. While China's domestic molybdenum mine production is projected to be less than 120 million pounds annually through 2009, the country's exports of molybdenum oxide and ferromolybdenum are anticipated to dip as low as to 30 million pounds this year due to export quotas.

In a presentation to the Association for Mineral Exploration British Columbia's Mineral Roundup, Virga suggested that the present rally in molybdenum prices differs from the 1970s moly price recovery because of shifting organizations of molybdenum supplies; the widening scope of molybdenum end-uses; and diminishing inventories.

Virga believes that this year moly will be setting a new trend due to the fact that the Molybdenum market is expected to become less dependent on by-product producers, regional diversification of molybdenum mine production, the declining market share of dominant players, and reduced supplies from China.

The changing role of by-product producers, combined with tighter regulation on Chinese producers is expected to continue the present rally in molybdenum prices, according to CPM's analysis. The situation is compounded by a declining number of secondary moly materials-such as recycled stainless steel and catalysts--and a rising cost structure.

Meanwhile, CPM also noted that the scope of molybdenum end-users is expanding as the world's demand for cleaner energy grows.

Bard is led by Eugene Beukman as CEO and President, and Mining Engineer John Malysa.

Mr. Beukman graduated from the Rand University of Johannesburg, South Africa with a Bachelor of Law degree and a Bachelor of Law Honors Postgraduate degree in 1987. Mr. Beukman was previously employed as a legal advisor to the predecessor of BHP Billiton. He has over twenty years experience in the acquisition of assets and joint ventures.

James Miller-Tait has been Vice President, Exploration of Cross Lake Minerals since November 1998; Project Geologist, Cross Lake Minerals Ltd. from January 1998 to November 1998; President, Sikanni Mine Development Ltd., January 1997 to January 1998; Consulting Geologist, May 1996 to December 1996; Project Manager (previously Chief Geologist), Oniva International Services Ltd., September 1987 to May 1996.

John Malysa is a mining engineer with extensive experience in the mining and exploration environment.He is a Registered Professional Engineer in Colorado with a B.Sc. in Mining Engineering from Penn State University and a MBA from University of Colorado with over 30 years of progressive mining experience in all aspects of both surface and underground mine exploration, design, feasibility, construction, operations and management. Hands on underground and surface mining experience in both North and South America in union and non-union operations.

His project and operations experience include underground mines up to 22,000 tones per day and surface mines up 100,000 tones per day. He has management, design and construction experience in various precious and base metals with new mines costing +US$250 million. His mineral process experience includes Crushing and Screening, CIL, CIP, Heap Leach, Gravity and Flotation recovery methods. John has participated in financial and union negotiating experience with banks, investors and employees. John has a proven track record with several positions as President and/or General Manager (GM) of entrepreneurial mining companies with P&L responsibility and reporting to the Board of Directors.

[pplatte9]

Bard Ventures 2007 Drilling Ends on a High Note, 2008 Drilling Continues

By James West

Bard Ventures (TSX.V:CBS) recently completed two phases of drilling 23 on its Lone Pine Property near Houston in northwestern British Columbia.

The best hole in that program, (assays are still pending for the remainder of Phase 2) was a 12 meter intersection grading 0.27 % Molybdenum, confirming the presence of higher grade concentrations within a lower grade disseminated body. (0.1% Molybdenum is equal to 2 lbs. per short ton).

Other highlights from the program include:

Phase I highlights:

• BD-07-01 returned 0.05% MoS2 over the entire length of 490.10 metres, which included two higher grade zones of 0.078% MoS2 over 42.9 m from 17.0 m to 59.9 m and 0.081% MoS2 over 102.3 metres from 257.7 m to 360.0 m.

• BD-07-02 returned 0.07% MoS2 over the entire 489.4 meters, including a 231.4 meter interval of 0.095% MoS2.

• BD-07-03 intersected higher grade intervals in excess of 12 meters at 0.27% MoS2.

Phase II highlights:

Granby Zone:

A single drill hole was designed for the Granby Zone and this drill hole was to twin the 1978 historical percussion hole M-3 which returned 0.176% Mo (0.29% MoS2) over 36.6m. Drill hole BD-07-11encountered altered dioritic rocks through to 122.0m before being shutdown due to extreme blocky conditions and faulted corridors that made drilling too difficult. BD-07-12 was then targeted 10m to the north of the M-3 historical collar and drilled to a depth of 254.0m. Drilling intersected altered hornfels and intercalated dioritic rocks with visible molybdenum observed in quartz veining and within the matrix of the brecciated corridors. Assays are pending.

This area will be revisited in the new year to better delineate the faulted corridor in and around M-3 and BD-07-11 and the associated lineament expressed in the geophysical data.

Alaskite Zone:

Thirteen holes were drilled in the Alaskite Zone during the second phase of drilling between September and December 2007. Drill holes BD-07-08, 07-09, 07-13, 07-14, 07-15, 07-16, 07-17, 07-18, 07-19, and BD-07-20 targeted IP chargeability and resistivity anomalies that showed potential for molybdenum mineralization. Drill holes BD-07-21 and BD-07-23 targeted geophysical magnetic anomalies associated with the alaskite intrusive. A pattern of testing these anomalies was based around historical geophysical data and historical trenching and drilling data as well the favorable assay results returned in drillhole BD-07-01.

All of the above mentioned drill holes encountered variable amounts of visible molybdenum throughout their entire drill lengths, in particular drill holes BD-07-09, BD-07-13, BD-07-15, BD-07-16, BD-07-21 and BD-07-23. Drill holes 07-15 and 07-16 targeted the northwest trending alaskite intrusive that was originally mapped on surface in 1969. Both drill holes encountered >100 meters of mineralized alaskite and favorable quartz veining that extended into the underlain hornfels andesites. These drill holes have continued to confirm the northwest strike to the Alaskite intrusive.

Drill holes 07-09 and 07-13 were drilled ~100m north of BD-07-01 and were testing an IP anomaly outside of the known alaskite intrusive. Both drill holes exhibited moderate to strong fracturing throughout their lengths and moderate quartz veining throughout. Both drill holes were shutdown in a coarse grained intrusive rock. Assays are pending for BD-07-13, BD-07-15 and BD-07-16.

Drill holes BD-07-21 and BD-07-23 were designed as angle holes to better delineate the alaskite intrusive and provide better geological information regarding the width and depth of the alaskite intrusive. BD-07-21 intersected 93 metres of alaskite with favorable veining and molybdenum mineralization, while BD-07-23 intersected 344 metres of alaskite from collar to the end of the hole with very encouraging intense veining and visible molybdenum throughout the entire hole length.

Drill hole BD-07-22 was designed to target the eastern granitic pluton approximately 100 meters east of BD-07-09. The BD-07-09 drill pad was used for this drill hole, and the drill was turned to an azimuth of 090 and drilled at an angle of -45 dip. Hornfels and intrusive were intersected where anticipated, thus adding to the current geological model that this eastern pluton has a strike that mimics the western alaskite intrusive to the southwest.

Mid Zone

Drill hole BD-07-10 was drilled to the northeast of the Alaskite Zone, on the road between the Alaskite Zone and the Granby Zone. It too was situated on a broad geophysical anomaly and encountered molybdenum mineralization hosted in vertical quartz veinlets within a dioritic intrusive below 250 meters.

Summary

An extensive drill program is planned for the new year and drilling will follow up on many of the favorable drill holes to date, in particular the drill holes intersecting the alaskite intrusive in and around drill hole BD-07-15 and BD-07-23. Drilling of the Quartz Breccia Zone will also commence in the new year as road conditions are at their best and follow up on the anomalous areas around BD-07-02 is a priority.

Exploration or mining activities have been conducted on and around the area of the Lone Pine Claims since early in the last century, with a considerable amount of geological, geophysical, and geochemical work having been done on the Property since 1976. A number of different companies have worked on the Property previously, including Canex Aerial Exploration Ltd., Molymines Exploration Limited, Cominco Ltd., Granby Mining Company and Noranda Mining and Exploration Inc. Several programs of diamond and reverse circulation drilling have been conducted on the Property since the mid seventies; the most notable of which was the program in 1978 where a hole drilled in the Quartz Breccia Zone returned 356.3 meters of 0.068% MoS2 from 20.7 to 377 meters which includes 154 meters of 0.088% MoS2 from 181 to 335 meters.

Additionally, a second deeper diamond drill hole drilled during this program, which was drilled in the Alaskite Zone, returned 343.7 meters of 0.06% MoS2 from 3.6 to 352.3 meters, including 101.4 meters of 0.078% MoS2 from 3.6 to 105 meters. Both of the above drill holes were terminated in mineralization. However, for the most part, past programs tended to be fairly limited in scope, with most drilling being confined to probing shallowly beneath known surface mineralization, and no effort has ever been made to determine whether there is any lateral continuity to mineralization noted above, or whether higher grade mineralization exists nearby which correlates to the mineralization noted to occur in these two drill holes which were drilled approximately one kilometer apart.

[au_digger]

Bard Ventures Awaits Assay Results

Perchance to Dream: Bard Ventures Awaits Assay Results at its Lone Pine Molybdenum Property, BC
By Hsiao Lin

Shakespeare said that “every man has business and desire, such as it is.” For Bard Ventures (TSX.V: CBS), that business and desire is to find BC’s next molybdenum mine as it completes the latest phase of a 10,000 meter diamond drill program on its Lone Pine Property in the northern part of the province. As per the company’s most recent press release, drilling is underway with four holes already drilled. So far, all holes have encountered visual molybdenum mineralization.

The Lone Pine Property consists of seven mineral claims over a 1,051-hectare area in the Omineca Mining Division, approximately 15 km north-northwest of Houston, BC, (700 km north of Vancouver). The area is extremely well-serviced in terms of infrastructure. A power transmission line and a gas pipeline both run through the property, with a BC Hydro substation on its western edge. Highway 16 (the Yellowhead) runs through the western corner of the property.

According to the company’s website, the Lone Pine area “extends over several molybdenum showings (Quartz Breccia, Alaskite Zone, Mineral Hill, and Granby, etc.), that have been previously documented in various assessment and government reports (Minfile Nos. 093L 027, and 093L 028).”

There has been a great deal of interest around the Lone Pine area since the early 20th century. As well, much geological, geophysical, and geochemical work has been done on the property in the last 30 years. Previous explorers at Lone Pine include Canex, Molymines, Cominco, Granby, and Noranda. The property has been the subject of several drill programs since the 1970s, and in 1978, a hole drilled in the Quartz Breccia Zone returned 356.3 m of 0.068% MoS2, which includes 154 m of 0.088% MoS2. A second deeper drill hole, drilled approximately one km apart from the Quartz Breccia Zone hole, was drilled in the Alaskite Zone and returned 343.7 m of 0.06% MoS2, including 101.4 m of 0.078% MoS2. It is important to note that past programs were limited to probing shallowly beneath known surface mineralization, and that the extent of the mineralization has not yet been fully delineated.

The last few years have underscored a trend in British Columbia of revisiting and reevaluating old molybdenum showings. Despite the historic interest in Lone Pine, previous explorers were discouraged from pursuing such projects due to low molybdenum prices. However, with molybdenum currently trading at around US $34 per lb., many of these old showings are now economically viable.

“The lithology, alteration and style of mineralization in the suite of samples from the Lone Pine Mo-Cu porphyry prospect are comparable to porphyry-type Mo-Cu deposits on the global scale, “said consulting geologist Dr. Eva Schandl, in summarizing her detailed petrographic report on 18 drill core samples taken from the property.

The company is taking a two-pronged exploration approach. The first phase involved data compilation, line cutting, mapping, and a 3D IP geophysical survey. Interpretation and integration of all data has been completed, resulting in diamond drill targets being selected. The second phase– now underway– is an ambitious drilling program, with four holes completed to date.

The USGS’ 2007 molybdenum fact sheet states that “molybdenum occurs as the principal metal sulfide in large low-grade porphyry molybdenum deposits and as an associated metal sulfide in low-grade porphyry copper deposits.” It is most often found as a byproduct of porphyry copper mining.

Molybdenum has the sixth highest melting point of any element; hence it is often used in making high-strength steel. It is extremely versatile, non-toxic, and is highly resistant to corrosion. Its ability to withstand extreme temperatures without significantly expanding or softening make it useful in applications that involve intense heat, for example– electrical filaments, aircraft parts, industrial motors, and electrical contacts.

Bard has several distinct advantages as a junior moly play. The company’s management are all veterans of the business; its president, Eugene Beukman, is a South African with over twenty years’ experience in the mining business, having gleaned some of that experience as a legal advisor to the predecessor of BHP Billiton. The company focuses its efforts in British Columbia – one of the world’s major molybdenum producers. Another advantage is that it is possible to drill year-round at Lone Pine, compared to other parts of the province that may be subject to major snowfall. The area is also unusual in B.C. in that it has absolutely everything in terms of infrastructure, which does a great deal to defray operating costs. .

The Lone Pine project has enjoyed a great deal of historic interest and has progressed to the advanced drill stage, making this is a particularly opportune time for investors as the company awaits assay results to confirm encouraging historic findings. A few good holes could easily pave the way for Bard’s investors to realize some near-term gains.

The company is at a pivotal stage in terms of development, and its investors could well be quoting the Bard himself in the coming weeks: “Fortune now /To my heart's hope!/ Gold; silver; and base lead.” (Merchant of Venice, Act II, Scene 9)

This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.