Posts Tagged Bard Ventures

Bard Ventures 2009 Drilling Commences Lone Pine Molybdenum Project

Bard Ventures is pleased to announce that it has started the 2009 diamond drilling on its Lone Pine Molybdenum Property. The initial 2009 phase of compilation of all historic exploration work, geological mapping, soil and rock sampling has been completed and after interpretation of these results the Company has decided to commence a diamond drill program of up to 10,000 meters. The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division.

Lone Pine Molybdenum Property:

The 2009 geological mapping and soil sampling identified the location of the favorable geological units including new areas of Alaskite and granites hosting visible molybdenum mineralization. The Alaskite intrusive is the main focus of the Lone Pine Property and in drilling it has been interpreted as being the most favorable lithology for molybdenum mineralization and is the host to the existing resource. During the field program all of the historical showings were re-located which comprised of old pits and trenches where molybdenum mineralization had been located All of the known showings located during the mapping program are located within the zone of anomalous Moybdenum in soils and it will be these areas that will be tested in the upcoming diamond drill program.

The Lone Pine Property currently has a calculated measured and indicated resource at a 0.04% Mo cutoff of 110,340,000 tonnes grading 0.083%Mo containing 201,733,000 in-situ pounds of molybdenum. (Please refer to News Release dated January 22, 2009 for full resource disclosure).

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 sub-station; and
  • is located only 15 kilometers from the CN rail line in Houston, BC.

No Comments

First Phase of 2009 Exploration completed on the Lone Pine Molybdenum Property

Bard Ventures is pleased to provide this update on the 2009 exploration on the Lone Pine Molybdenum Property. The Property is located approximately 15 kilometers northnorthwest of Houston, BC, and is situated in the Omineca Mining Division. The initial phase of compilation of all historic exploration work, geological mapping, soil and rock sampling has been completed.

A grid was established and cut over an area of 1.1 km x 1.0 km with lines at 100m spacing and sample sites every 25m. The location of the grid coverage is over the area to extend the known Alaskite Zone and also cover a favorable geological area for additional molybdenum mineralization identified by the compilation of historic work, geological mapping and the recently completed 3-Dimensional IP and magnetic surveys. The 2009 mapping identified the location of the favorable geological units including new areas of Alaskite and granites hosting molybdenum mineralization. The historic workings of interest, including trenches and drill holes, were all located in the field and surveyed. A total of 480 soil samples were collected at 25m intervals over the newly established grid.

This initial 2009 field program was very successful in locating historical mineralized showings and their location relative to the current grid, locating the margin of the coarse grained granite with the surrounding hornfelsed volcanics along the southern and eastern contacts, the location of mineralized float samples of medium grained granite to the east of the main granite body. Final assay results of the soil and rock samples and interpretation will determine potential drill target locations.

The Lone Pine Property has a calculated measured and indicated resource at a 0.04% Mo cutoff of 110,340,000 tonnes grading 0.083% Mo containing 201,733,000 in-situ pounds of molybdenum. (Please refer to News Release dated January 22, 2009 for full resource disclosure).

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 sub-station; and
  • 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.

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Bard Ventures Ltd.: Exploration Program Update; Evaluation of New Target Areas, Lone Pine Property, British Columbia

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.

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Exploration Program to Focus on Resource Expansion and Evaluation of New Target Areas, Lone Pine Property, British Columbia

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.

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Bard Ventures Update

Bard Ventures is pleased to provide this update of activities and an outline of planned exploration in 2009 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 delineation of this resource and the related geological and technical information has provided an impressive model that is now being used by the Company’s technical staff to direct future exploration. Bard has recently completed, based on the model of the Alaskite Zone, a complete review and analysis of the 3D inversion induced polarization and magnetic geophysical surveys and the geological mapping and prospecting based on the model that is now available for the Alaskite Zone. This interpretation has identified new target areas within the Property that show the potential for the discovery of an entirely new zone of mineralization similar to the Alaskite Zone that, in certain cases, may be at or near surface.

Exploration in 2009 will initially focus on geological mapping, prospecting and additional detailed geophysical surveys that will evaluate these new target areas to define specific targets for diamond drilling. The goal of the 2009 exploration program will be to discover new areas of mineralization and to focus on targets that indicate the potential for the discovery of 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 2009 program has been designed giving due consideration to the current economic conditions and commodity prices. It will serve to continue to enhance and increase the potential of the Lone Pine Property and to build upon the success that the Company has had in the recent past.

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 0.120 51,919
0.08 17,699 0.125 48,775
0.09 15,853 0.130 45,435
0.10 13,922 0.135 41,435
 
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 0.090 115,464
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
     
  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 0.120 125,858
0.09 41,556 0.126 115,132
0.10 34,975 0.131 101,310
 
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
*Note: Bold indicates Base Case Scenario.

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.

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 sub-station; and
  • is located only 15 kilometers from the CN rail line in Houston, BC.

A plan of the drill holes in the Alaskite Zone may be viewed on the Company’s website at www.bardventures.com.

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.

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No Comments

Rhenium Results From The Molybdenum Mineralization On The Lone Pine Property

Bard Ventures Ltd. (“Bard” or the “Company“) is pleased to announce the following rhenium results from its Lone Pine Molybdenum Property (the “Property“). The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division. Rhenium assay results have been received and interpreted from drill holes BD-08-25 and BD-08-35.

The exploration drilling on the Lone Pine Property resulted in the discovery of a higher grade zone of molybdenum mineralization within the Alaskite Zone. As drill holes BD-08-25 and BD-08-35 represented the best molybdenum assay results within the higher grade core, rhenium analysis was conducted over the entire drill length of both drill holes. Rhenium is recovered as an economic by-product at some molybdenum porphyry mines. The following significant assay intervals for drill holes BD-08-25 and BD-08-35 are tabulated below:

Drill Hole No.

Total Depth (m)

From (m)

To (m)

Interval (m)

Mo%

MoS2%

Re g/t

BD-08-25

798.82

67.92

798.82

730.90

0.10

0.17

0.15

BD-08-35

779.03

25.29

779.03

753.74

0.10

0.17

0.14

 

including

193.00

779.03

586.03

0.12

0.20

0.17

 

 including

327.00

725.00

398.00

0.15

0.25

0.20

 

including

509.00

609.00

100.00

0.20

0.33

0.29

 

including

509.00

535.00

26.00

0.31

0.51

0.40

Rhenium

Rhenium is used as an important component in superalloys for blades in turbine engines and this is the major use today. Rhenium is an ideal metal for use at very high temperatures, which makes it suitable for rocket motors. Rhenium is added to tungsten and molybdenum to form alloys that are used as filaments for ovens and lamps. It is also used in thermocouples which can measure temperatures above 2000 C, and for electrical contacts which stand up well to electric arcs. Rhenium is used in high-temperature superalloys that are used to make jet engine parts and in platinum-rhenium catalysts which in turn are primarily used in making lead-free, high-octane gasoline.

Exploration Goals

Bard is exploring for porphyry type molybdenum mineralization in Cretaceous-aged Bulkley intrusive rocks (Alaskite) and adjacent hornfelsed sedimentary (Argillite) and volcanic rocks (Andesite) of the Telkwa Formation.

Ideal location with established infrastructure

The Property has access to an existing infrastructure including:

  • Highway 16;
  • a natural gas pipeline;
  • a major hydro power transmission line and transformer sub-station;
  • And is located only 15 kilometers from the CN rail line in Houston, BC.

Please refer to the Company’s website at www.bardventures.com for drill hole locations and additional information.

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.

Pulp samples from BD-08-25 and BD-08-35 were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 1F methodology. Analytical procedure consisted of an Aqua Regia digestion and Ultratrace ICP-MS analysis.

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No Comments

Lone Pine Molybdenum 43-101 Resource Estimate Completed Measured + Indicated 110,340,000 tonnes Grading 0.083% Mo

Bard Ventures Ltd. (“Bard” or the “Company”) is pleased to provide the first independent National Instrument 43-101 compliant resource estimate on the Alaskite Zone molybdenum mineralization from the Lone Pine Property (the “Property”) located in the Omineca Mining Division approximately 15 kilometres north-northwest of Houston, BC. The resource estimate was completed by GeoSim Services Inc.

Lone Pine measured and indicated 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

0.120

51,919

0.08

17,699

0.125

48,775

0.09

15,853

0.130

45,435

0.10

13,922

0.135

41,435

 

 

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

0.090

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

 

 

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

0.120

125,858

0.09

41,556

0.126

115,132

0.10

34,975

0.131

101,310

Lone Pine inferred mineral resource summary:

 
INFERRED
   

Cutoff % Mo

Tonnes ≥ Cutoff (000’s)

Mo%

in-situ lbs Mo (000’s)

0.02

27,827

0.084

51,532

0.03

27,555

0.085

51,636

0.04

25,840

0.088

50,131

0.05

22,839

0.094

47,331

0.06

18,295

0.104

41,947

0.07

15,238

0.111

37,290

0.08

13,092

0.117

33,769

0.09

11,800

0.121

31,477

0.10

10,186

0.125

28,070

Notes:

  • The mineral resources were estimated in December, 2008 using ordinary kriging constrained by grade domain and lithologic solid models. Only molybdenum grades were estimated.
  • Assay grade distribution was evaluated statistically before compositing. No cutting or capping of molybdenum grades was deemed necessary.
  • Density measurements were made on 83 core samples and density was assigned based upon the median value for each lithologic domain.
  • ‘Best Fit’ 10 m downhole composites were generated within a grade shell domain based on 0.02% Mo cut-off grade.
  • Semi-variograms were modeled in order to develop kriging parameters, search parameters and anisotropy. The block model size was set at 20 m x 20 m x 10 m. block grades were estimated using three interpolation passes with increasing search distance.
  • The model was validated by comparing to nearest neighbour estimated and composite grade distributions, swath plots and visual inspection of sections and plans. Resources were classified as measured, indicated or inferred based upon a number of constraints including, zone, drilling density and distance to nearest composite.
  • A preliminary optimized open pit was generated in order to assess the potentially mineable portion of the resource. Blocks located beyond the pit limits were excluded from the resource classification.
  • Resources are summarized in the tables below for a range of cutoff grades. The cutoff grade selection in operating molybdenum mines is sensitive to a large range of economic factors and can be impacted by processing and mining method selection and scale. Cutoff grades are not static during a typical mine life and hence a resource estimate that provides a summary over a range of cutoff grades is useful in assessing potential development options.


QA/QC Procedures and Methodology

The resource estimation has been prepared by Geosim Resources Inc., under the direction of Ronald G. Simpson, P.Geo. an independent Qualified Person for the purposed of NI 43-101. A report under NI 43-101 disclosing these updated Lone Pine resources is being prepared by Geosim Services Inc. and will be filed by Bard Ventures Ltd. on SEDAR within 45 days. Mr. Simpson has reviewed and approved the contents of this news release.

There are no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data used to prepare the mineral resource included in this news release. Bard is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing, or any other relevant issues by which the mineral resource included in this news release may be materially affected.

The drill core, placed in wooden boxes, was logged, photographed, and split using a hydraulic core splitter at the Company’s core logging facility in Smithers. In general, samples of halved core were taken every 2 meters. Litho-breaks, especially dykes, eventually forced an uneven sample proportion. Samples were bagged in plastic bags including the sample interval tags and sample number. Every 20th sample, either a blank or a standard material, was put in a bag with a tag and sample number. From BD-08-33 on, a second standard was used, so the sequence every 20th sample was Blank-standard01-standard02-Blank for quality control purposes.

Samples from BD-07-01 to BD-07-20 were shipped by Canadian Freightways in Smithers, to Acme Analytical Laboratories in Vancouver, B.C. for analysis. Samples from BD-07-21 to BD-08-32 were shipped by Canadian Freightways in Smithers, to Eco Tech Laboratory of Kamloops, BC. for analysis. Samples from BD-08-33 on, were shipped to Acme Analytical Laboratories in Smithers, B.C. for preparation. Acme Smithers send the split sample to their facility in Vancouver, BC. for analysis. Both, Eco Tech Laboratory of Kamloops, and Acme Analytical of Vancouver, BC, are ISO 9001:2000 accredited laboratories.

The drill core was prepared for assaying using Acme’s R150 prep method, and assaying was then completed for 35 element including Mo, Cu, Pb, Zn and Ag utilizing their 1E ICP-ES package. The R150 prep package, consists of crushing 1kg of sample to 70% passing 10 mesh, then 250g of this material is split and pulverized to 95% passing 150 mesh. A 0.25g split of this material is then heated in HNO3-HCIO4-HF to fuming and taken to dryness. The residue is dissolved in HCL, and then the solution is analyzed by ICP. Mo assays exceeding 4,000ppm were re-assayed using Group 7TD Single Element (Mo) Assay by ICP-ES and 4-Acid Digestion. Eco Tech uses the similar procedure except the threshold for Mo re-assay was 500ppm. The split drill core is currently stored in a yard at the core logging facilities in Smithers. The stacks of cores are covered by a tin roof. The storage yard is fenced in and locked. The pulp samples are stored in an insulated shed.

The Company is very pleased with the resource of the Alaskite Zone, “This is only one of several known mineralized areas on the Lone Pine Property,” stated Eugene Beukman, President, “This resource, as well as the recently reported positive metallurgical results (see news release dated January 9, 2009), adds critical components to the economics of the Lone Pine mineralization. We are extremely excited with the excellent results to date, and look forward to an aggressive exploration year ahead.” The information from the resource calculations and the Company’s database will help guide future exploration on the Lone Pine Property.

Ideal location with established infrastructure

The Property has access to an existing infrastructure including:

  • Highway 16;
  • a natural gas pipeline;
  • a major hydro power transmission line and transformer sub-station; and
  • is located only 15 kilometers from the CN rail line in Houston, BC.

A plan of the drill holes in the Alaskite Zone may be viewed on the Company’s website at www.bardventures.com

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.

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Lone Pine Molybdenum Metallurgical Results Received

Bard Ventures is pleased to provide the preliminary metallurgical results received from G & T Metallurgical Services Ltd. based in Kamloops, B.C. The metallurgical work was completed on representative core samples from the Alaskite Zone molybdenum mineralization on the Lone Pine Property located in the Omineca Mining Division approximately 15 kilometres north-northwest of Houston, BC. The claims cover several known molybdenum showings named the Quartz Breccia, Granby, Mineral Hill Zones and the main high priority Alaskite Zone that has been the focus of the majority of the diamond drilling completed to date.

G & T Metallurgical completed the mineralogical and metallurgical test work on approximately 50 kg of representative quartered NQ2 size core assaying 0.060% molybdenum and 0.034% copper from the Alaskite Zone on the Lone Pine Property. The results of this first phase of testing are encouraging with the following results reported from G & T Metallurgical:

  • Rougher circuit flotation tests produced molybdenum recoveries of 90% or greater to the rougher concentrate;
  • open circuit batch cleaner tests produced concentrate grades as high as 43% molybdenum;
  • the Bond ball work index of 14.1 kWh/tonne; and
  • the sulphides present in order of abundance are pyrite/pyrrhotite, chalcopyrite and molybdenite.

The Company is very pleased with these initial results which add another critical component to the economics of the Lone Pine mineralization.

Ideal location with established infrastructure.

The Property has access to an existing infrastructure including:

  • Highway 16;
  • a natural gas pipeline;
  • a major hydro power transmission line and transformer sub-station; and
  • is located only 15 kilometers from the CN rail line in Houston, BC.

A plan of the drill holes in the Alaskite Zone may be viewed on the Company’s website at

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.

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