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Bard Ventures Ltd.: Exploration Program to Focus on Resource Expansion and Evaluation of New Target Areas, Lone Pine Property, British Columbia
Bard Ventures Ltd.: Exploration Program to Focus on Resource Expansion and Evaluation of New Targ...
About this update from St. James Gold Corp
[{"type":"text","content":"\nBard Ventures Ltd.: Exploration Program to Focus on Resource Expansion and Evaluation of New Target Areas, Lone Pine Property, British Columbia\n\n\n Jun. 22, 2009 (Baystreet.ca) -- VANCOUVER, BRITISH COLUMBIA -- Bard Ventures Ltd. (\"Bard\" or the \"Company\") (TSX VENTURE:CBS) 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.\n\nThe 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. \nLone Pine measured, indicated and inferred mineral resource summary: \n\n\n------------------------------------- -------------------------\nMEASURED INDICATED\n------------------------------------- -------------------------\nTonnes Tonnes\ngreater greater\nthan or than or\nequal to in-situ equal to in-situ\nCut-off % Cutoff lbs Mo Cutoff lbs Mo\nMo (000's) Mo% (000's) (000's) Mo% (000's)\n------------------------------------- -------------------------\n0.02 43,767 0.078 75,262 107,769 0.066 156,809\n------------------------------------- -------------------------\n0.03 40,450 0.082 73,125 99,967 0.069 152,069\n------------------------------------- -------------------------\n0.04 33,356 0.092 67,654 (i) 76,984 0.079 134,079 (i)\n------------------------------------...