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Follow on Google News | Bard Ventures’ Expanding Moly UniverseHigher grades, longer intercepts, and further step-outs all add up to the inevitability of Bard Ventures’ (TSX.V:CBS), rather than the possibility, of a major molybdenum deposit.
By: ResourceX Higher grades, longer intercepts, and further step-outs all add up to the inevitability of Bard Ventures’ (TSX.V:CBS), rather than the possibility, of a major molybdenum deposit. The Lone Pine project, located 15 kilometers outside of Houston British Columbia, is intersected by Highway 16 as well as a natural gas pipeline and major power transmission lines, making the property an extremely well serviced location for a mine. Ongoing drilling has now delineated a large, high-grade moly deposit that covers 4 zones measuring at least 1.5 km in length and half a kilometer wide. Bard is in the process of earning a 100% interest in the property in exchange for 545,000 shares and $75,000 in exploration, as well as some minor advance royalty payments. Drilling Results Simmarized Final assay results have been received and interpreted from drill holes BD-08-26, BD-08-27 and BD-08-28. The significant intervals for hole BD-08-28 are tabulated below: Drillhole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2% BD-08-28 843.34 59.00 789.00 730.00 0.10 0.17 Including Including Hole BD-08-28: Drill hole BD-08-28 was designed to follow up the Northwest trend of the higher grade molybdenum mineralization intitially encountered in drill hole BD-08-25. Drill hole BD-08-25 intersected 730.9m of 0.10% Molybdenum including 130.1m of 0.20% Molybdenum. BD-08-28 was collared 50 meters to the northwest and collared into andesitic rocks through to approximately 110m before encountering the favourable alaskite intrusive. Alaskite continued through to approximately 771m and was shutdown in the Quartz Feldspar Porphyry at 843.34m. The significant intervals for holes BD-08-26 and 27 are tabulated below: Drillhole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2% BD-08-26 592.34 109.00 585.00 476.00 0.05 0.08 Including Including Including BD-08-27 788.52 585.00 788.52 203.52 0.06 0.10 Including Hole BD-08-26: Drill hole BD-08-26 was designed to follow up the favourable results of BD-17-16, 100m to the southwest. BD-08-26 collared into Andesitic rocks before quickly becoming an intercalated package of andesite and alaskite up to 353.00m. From 353.00m to the end of hole at 592.34m, moderately mineralized andesite was encountered. The location and extent of the intersected Alaskite intrusive, continues to favour the interpretation that the intrusive body has a northwest strike with a steep southwesterly dip. Hole BD-08-27: Drill hole BD-08-27 was designed to follow up a fence of drilling that included BD-07-16, BD 07-19 and BD-08-26, by extending the potential window of mineralization another 100m to the southwest. BD-08-27 collared into Andesite and stayed in andesite throughout the entire hole length with few, noted, less than one metre alaskite dykes in the entire drillhole. Final assay results from drill hole BD-08-25, first reported on February 19th this year, are below: Drillhole No. Total Depth (m) From (m) To (m) Interval (m) Mo% MoS2% BD-08-25 798.82 67.92 798.82 730.9 0.10 0.17 Including Including Including Including This hole was collared into hornfelsed andesite through to 133.0 m before encountering the Alaskite intrusive. The Alaskite intrusive, from 133.0 m to 739.0 m, was inundated with extensive stockwork quartz veining, abundant visible molybdenum and favourable alteration. The Alaskite intrusive is the main focus of the Lone Pine Property drilling and has been interpreted as being the most favorable lithology for molybdenum mineralization. To date, the Alaskite intrusive is 260m in length along its northwest-southeast strike and 310m wide in plan view and molybdenum mineralization has been tested to a known depth of 843m. A higher grade corridor of molybdenum mineralization has been outlined within the Alaskite intrusive as shown in the favourable assay results from BD-07-16, BD-08-24, BD-08-25, BD-08-26, BD 08-27 and BD-08-28. Bard also released the results on May 27th from hole BD-08-29, with significant intercepts covered in the table below: Drill Hole No. From (m) To (m) Interval (m) Mo% MoS2% BD-08-29 229.0 749.0 520.0 .11 .18 Including 367.0 643.0 276.0 0.15 0.25 Including 485.0 537.0 52.0 0.20 0.33 Moly Fundamentals Stronger Than Ever The fundamental aspects driving the strength in the molybdenum market remain extremely bullish. Large institutional investors such as Eric Sprott have even gone so foar as to establish their owm Molybdenum Participation Funds, designed to capitalize on the metal’s increasing value. Full Release: http://www.resourcexinvestor.com/ # # # About ResourceX: Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing tips that have helped many of our readers make more money. http://www.resourcex.com Website: www.resourcex.com End
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