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Bard Ventures Ltd. TSX VENTURE: CBS
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Bard Ventures Ltd.: Lone Pine Molybdenum Metallurgical Results Received
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2009) - Bard Ventures Ltd. ("Bard" or the "Company") (TSX VENTURE:CBS) 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 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.
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, President
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
For all Bard Ventures Ltd. investor relations needs investors are asked to visit the Bard Ventures Ltd IR Hub at http://www.agoracom.com/IR/bardventures where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to cbs@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.
For more information, please contact
Bard Ventures Ltd.Eugene Beukman
President
(604) 687-2038
(604) 687-3141 (FAX)
Website: www.bardventures.com
