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Bard Ventures Ltd.: First Phase of 2009 Exploration Completed on the Lone Pine Molybdenum Property
Bard Ventures Ltd.: First Phase of 2009 Exploration Completed on the Lone Pine Molybdenum Property
About this update from St. James Gold Corp
[{"type":"text","content":"\nBard Ventures Ltd.: First Phase of 2009 Exploration Completed on the Lone Pine Molybdenum Property\n\n\n Sep. 8, 2009 (Baystreet.ca) -- VANCOUVER, BRITISH COLUMBIA -- Bard Ventures Ltd. (\"Bard\" or the \"Company\") (TSX VENTURE: CBS) is pleased to provide this update on the 2009 exploration on the 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. The initial phase of compilation of all historic exploration work, geological mapping, soil and rock sampling has been completed.\n\nA 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. \nThis 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. \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...