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Bard Ventures Ltd.: Exploration Program Update; Evaluation of New Target Areas, Lone Pine Property, British Columbia
Bard Ventures Ltd.: Exploration Program Update; Evaluation of New Target Areas, Lone Pine Propert...
About this update from St. James Gold Corp
[{"type":"text","content":"\nBard Ventures Ltd.: Exploration Program Update; Evaluation of New Target Areas, Lone Pine Property, British Columbia\n\n\n Jul. 20, 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 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, BC.\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. 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 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. \nThe 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). \nThe Property has an ideal location for operations with established infrastructure including: \n- Highway 16; \n- a natural gas pipeline; \n- a major hydro power transmission line and transformer sub-station; and \n- is located only 15 kilometers from the CN rail line in Houston, BC. \nA plan of the drill holes in the Alaskite Zone may be viewed on the Company's website at www.bardventures.com. \nBard is earning a 100% interest in the Property under the terms of an optio...