Bard Ventures Ltd. (”Bard” or the “Company”) is pleased to announce that field crews have been mobilized to the field to commence its exploration program on the Lone Pine Property, British Columbia. In 2008, an extensive diamond drilling program consisting of 41 holes for a total of 21,557 meters resulted in delineation of a 43-101 compliant resource within the Alaskite Zone (tabulated below). At a 0.04% Mo cut-off there is a measured and indicated resource of 110,340,000 tonnes grading 0.083% Mo containing approximately 200 million pounds of molybdenum.
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. 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 favorable 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.
Lone Pine measured, indicated and inferred mineral resource summary:
| MEASURED | ||||||
| Cut-off % Mo | Tonnes ? Cutoff (000’s) | Mo% | in-situ lbs Mo (000’s) | |||
| 0.02 | 43,767 | 0.078 | 75,262 | |||
| 0.03 | 40,450 | 0.082 | 73,125 | |||
| 0.04 | 33,356 | 0.092 | 67,654 | |||
| 0.05 | 26,676 | 0.104 | 61,163 | |||
| 0.06 | 22,486 | 0.113 | 56,018 | |||
| 0.07 | 19,625 | 0.12 | 51,919 | |||
| 0.08 | 17,699 | 0.125 | 48,775 | |||
| 0.09 | 15,853 | 0.13 | 45,435 | |||
| 0.1 | 13,922 | 0.135 | 41,435 | |||
| MEASURED+INDICATED | |||||
| Cut-off % Mo | Tonnes ? Cutoff (000’s) | Mo% | in-situ lbs Mo (000’s) | ||
| 0.02 | 151,536 | 0.069 | 232,071 | ||
| 0.03 | 140,417 | 0.073 | 225,193 | ||
| 0.04 | 110,340 | 0.083 | 201,733 | ||
| 0.05 | 84,869 | 0.094 | 176,628 | ||
| 0.06 | 66,454 | 0.106 | 154,890 | ||
| 0.07 | 54,702 | 0.114 | 137,758 | ||
| 0.08 | 47,583 | 0.12 | 125,858 | ||
| 0.09 | 41,556 | 0.126 | 115,132 | ||
| 0.1 | 34,975 | 0.131 | 101,310 | ||
| INDICATED | ||
| >Tonnes ≥ Cutoff (000’s) | Mo% | in-situ lbs Mo (000’s) |
| 107,769 | 0.066 | 156,809 |
| 99,967 | 0.069 | 152,069 |
| 76,984 | 0.079 | 134,079 |
| 58,193 | 0.09 | 115,464 |
| 43,968 | 0.102 | 98,871 |
| 35,077 | 0.111 | 85,839 |
| 29,884 | 0.117 | 77,084 |
| 25,703 | 0.123 | 69,698 |
| 21,053 | 0.129 | 59,875 |
| INFERRED | ||
| Tonnes ? Cutoff (000’s) | Mo% | in-situ lbs Mo (000’s) |
| 27,827 | 0.084 | 51,532 |
| 27,555 | 0.085 | 51,636 |
| 25,840 | 0.088 | 50,131 |
| 22,839 | 0.094 | 47,331 |
| 18,295 | 0.104 | 41,947 |
| 15,238 | 0.111 | 37,290 |
| 13,092 | 0.117 | 33,769 |
| 11,800 | 0.121 | 31,477 |
| 10,186 | 0.125 | 28,070 |
A full text version of the Lone Pine Property resource estimate was filed on SEDAR and is available at www.sedar.com under the Company’s profile and can also be found by visiting the Company’s website at www.bardventures.com. The report, dated January 12, 2009, entitled “Resource Estimate Lone Pine Molybdenum Project — Omineca Mining Division, British Columbia”, was prepared by Ronald G. Simpson, P.Geo. of GeoSim Services Inc., a “qualified person” for the purposes of National Instrument 43-101 — Standards of Disclosure for Mineral Projects.
