Business
Bard Ventures Ltd.: Exploration to Focus on Resource Expansion and Evaluation of New Target Areas; Lone Pine Property, British Columbia
Bard Ventures Ltd.: Exploration to Focus on Resource Expansion and Evaluation of New Target Areas...
About this update from St. James Gold Corp
[{"type":"text","content":"\nBard Ventures Ltd.: Exploration to Focus on Resource Expansion and Evaluation of New Target Areas; Lone Pine Property, British Columbia\n\n\n Apr. 21, 2009 (Baystreet.ca) -- VANCOUVER, BRITISH COLUMBIA -- Bard Ventures Ltd. (TSX VENTURE:CBS) (\"Bard\" or the \"Company\") 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.\n\nExploration 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. \nThe 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 Compa...