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.
