Bard Ventures Ltd. has mobilized field crews to commence its exploration program on the Lone Pine molybdenum property. The property is located in the Omineca mining division approximately 15 kilometres north-northwest of Houston, B.C.
The 2009 exploration program will initially focus on geological mapping, soil geochemical survey, prospecting and additional detailed geophysical surveys that will evaluate the new target areas to define specific targets for diamond drilling. An initial orientation soil sampling survey has been completed over the known molybdenum mineralization to identify the geochemical signature of the Alaskite zone. There were two soil samples collected at each site, one conventional and one mobile metal ion (MMI), to test which sampling and analytical method is optimum. The main focus will be in the area proximal to the delineated resource which is located on the west side of a non-mineralized Quartz Feldspar porphyry. The initial program will focus on the south, east and north sides of this porphyry where the geological environment is favourable for additional molybdenum mineralization at or near surface. If successful, this will result in an expansion of the current resource and the delineation of near-surface mineralization that could serve as the source of initial development within the Lone Pine property.
The Lone Pine property has a calculated measured and indicated resource at a 0.04 per cent Mo cut-off of 110.34 million tonnes grading 0.083 per cent Mo containing 201,733,000 in situ pounds of molybdenum.
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 substation;
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. The Lone Pine exploration work is being conducted under the supervision of qualified person Jim Miller-Tait, PGeo, a director of Bard.
