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Canadian Company Spotlight
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Bard Ventures, Ltd. Website:
Click
Here |
Information As Of July 2,
2008 |
| Exchange:
TSX Venture |
Market Cap:
10.9 Million |
| Outstanding Shares:
80.5 Million |
52 Low / High:
$0.11 / $0.27 |
|
Price
July 2, 2008:
$0.135 |
CBS Stock Quote and News:
Click Here |
"Molybdenum
prices have risen from $4 USD/lb in late 2002 to over $34 USD/lb
in mid-2008."
Overview
Bard Ventures Ltd., has been engaged in the
business of the acquisition, exploration, and if warranted,
development of natural resource properties since inception.
The company currently has three properties,
all of which are
located in British Columbia, Canada. The Lone Pine
Property covers over 1000 hectares where the company is
exploring for Molybdenum. The Grouse Mountain Property
is being explored for Molybdenum. Lastly, The Wasi Creek Property is being funded by Bard Ventures Ltd.
under the terms of an option agreement to earn a 50% interest
in the property with Selkirk Metals Corp., the operator of the
program. The Wasi Creek Property is being explored for
Zinc, Lead and Silver.
Investment
Highlights
- Geopolitical problems are eliminated as Bard Ventures,
Ltd. is mining in exploration friendly British Columbia, Canada.
- The Lone Pine Property returned 356.3 meters of 0.068%
MoS2 from 20.7 to 377 meters which includes 154 meters of
0.088% MoS2 from 181 to 335 meters from past diamond and
reverse circulation drilling.
- In February 2008, Bard received the results from the
BD-08-25 drill hole from its Lone Pine Molybdenum Property.
Drilling Intersected 0.20% Mo (0.33 MOS2) over 130.1 M as
part of 730.9 M of 0.10% Mo (0.17% MOS2).
- In May 2008, Bard received the results from the
BD-08-29 drill hole from its Lone Pine Molybdenum Property.
Drilling intersected 0.15% Mo (0.25% MoS2) over 276 Meters as
part of 520.0m of 0.11% Mo (0.18% MoS2).
- Previous drilling by Selkirk Metals Corp. in the
Swannell Showing area intersected several base metal
horizons returning assays including 5.82% zinc, 3.17% lead,
28.2g/t silver over 3.0 metres.
- Two of these boulders sampled on the Wasi Creek Property
by Selkirk returned assays of 26.30% zinc, 25.98% lead, and
96.3 g/t silver in one, and in the other 8.46% zinc, 42.43%
lead and 384.8 g/t silver.
- Molybdenum prices have risen from $4 USD/lb in late 2002
to over $34 USD/lb in mid-2008.
Lone Pine Property
Searching For: Molybdenum
The Lone Pine Property consists of 7 mineral claims
covering 1051 hectares, which are approximately 15 kilometers
north-northwest of Houston, BC, and are situated in the
Omineca Mining Division.
The Property area extends over several molybdenum showings
(Quartz Breccia, Alaskite Zone, Mineral Hill, and Granby,
etc.), that have been previously documented in various
assessment and government reports.
While galena/pyrite/chalcopyrite vein style mineralization
with high silver, and some gold, or similar
chalcopyrite/pyrite copper-silver vein mineralization first
attracted the attention of early explorers, the Property has
long been thought to be an ideal setting for porphyry style
molybdenum/copper mineralization. Over the years a
considerable amount of disseminated or porphyry style
molybdenite +/- chalcopyrite mineralization has been
documented to occur in a variety of settings, and in various
locations on the Property. The claims are located in a region
where a number of porphyry deposits have been discovered in
the past. There is also a chance that Volcanogenic Massive
Sulphide ("VMS") mineralization could be found locally,
similar to that of the "Sam Goosly" Deposit, where VMS style
mineralization can be found proximal to molybdenum/copper
porphyry style mineralization hosted in Bulkley intrusives.
Bard has focused most of it's exploration work on two main
zones at their Lone Pine Property. The Alaskite and
Quartz Breccia Zones are located approximately 1,200 m apart
in a north-south direction.
Alaskite Zone
The Alaskite Zone is aptly named for the white, fine to medium
grained quartz feldspar porphyry intrusive that was recognized
and mapped in outcrop in 1967 as Alaskite. This known
outcropping of alaskite is approximately 30-75m in width with
a NW-SE strike of greater than 150m.
In 1978 the discovery hole for the Alaskite Zone was drilled
and named 78-1. It is this drill hole that was initially
targeted in early 2007 to be twinned. Very successful results
from BD-07-01 were received in March of 2007, thus confirming
the existence of favorable molybdenum mineralization.
BD-07-01, BD-07-16 and BD-07-15 were drilled along strike of
this alaskite body in 2007 and have become the focus of
continued drilling in the Alaskite Zone. The drill fences,
including drill holes BD-07-21, BD-07-23, and BD-08-24 to
BD-08-29 continue following the northwest mineralized corridor
that has become Bard's main focus. Drill fences along strike
are now in progress to assist in the preparation of Bard's
pending NI 43-101 resource estimates.
Quartz Breccia Zone
The Quartz Breccia Zone, like its southern counterpart, is
appropriately named for the Quartz Breccia (angular fragments
of volcanics and quartz carbonate flooding) encountered in
trenching in the early 1960's. In 1978, DDH 78-2 was drilled
and returned favourable molybdenum mineralization. In 2007,
Bard continued its exploration drilling by twinning this 1978
drillhole (BD-07-02) and confirming the existence of
favourable molybdenum mineralization. The Total Field
Magnetics completed over the property in 2007 best illustrates
the potential for a large body hosting molybdenum
mineralization.
Recent Results
Bard announced several final assay results for the property in
March 2008. Highlights of the assay results included
Intersects of 730.9m of 0.10% Molybdenum including 130.1m of
0.20% Molybdenum in drill hole BD-048-25.
Later on in April 2008, drill hole BD-08-28 intersected
0.15% Mo (0.25% MoS2) over 172 Meters as part of 730m of 0.10%
Mo (0.17% MoS2).
Than in May 2008, Bard received the results from the
BD-08-29 drill hole from its Lone Pine Molybdenum Property.
Drilling intersected 0.15% Mo (0.25% MoS2) over 276 Meters as
part of 520.0m of 0.11% Mo (0.18% MoS2). Lastly, in June
2008, drill hole BD-08-32 intersected 0.08% Mo (0.13% MoS2)
over 404 Meters including 38 Meters of 0.11% Mo (0.18% MoS2).
Bard has planned a dual phase program; the first phase of
which is comprised of data compilation, line cutting, mapping,
and a 3D IP geophysical survey. After interpretation and
integration of all data, and diamond drill targets are
selected, a Phase II drilling program would be initiated.
As of June 2008, Phase II of the exploration program has
commenced. Exploration work on the Property is being
conducted under the supervision of Qualified Person Jim
Miller-Tait, P. Geo.
Grouse Mountain Property
Searching For: Copper / Zinc / Silver
The Grouse Mountain Property is located approximately 19
kilometers north-northwest of Houston BC. The claims are
located immediately north, and adjacent to Bard's Lone Pine
Property, which Bard holds under option and is presently
exploring for porphyry hosted molybdenum mineralisation.
The seven claims that comprise the Grouse Mountain Property
contain 94 cells and cover an area of approximately 1,763
hectares, and are wholly situated in the Omineca Mining
Division. The Property covers a number of polymetallic
showings, the most notable of which are the Copper Crown,
Rainstorm, Eureka, North Lake, Hidden Treasure, Solo and
Shorn. The claims are prospective for porphyritic molybdenum
deposition.
Exploration on the Property dates back to 1914 when
chalcopyrite/sphalerite mineralisation was first discovered on
the Grouse Mountain Property. During the period 1915 to 1927,
extensive drifting and raising was completed on two levels on
the Ruby Zone, with some work being done on the Lakeview Zone.
After a roughly 30 year hiatus, a company drilled 5,700 meters
of diamond drilling, and rehabilitated the underground
workings. During 1970, VLF-EM surveys and 1,282 metres of
diamond drilling was completed. This was followed by various
geochemical/geophysical surveys and additional drilling in
1984 when the operators added a further 720,000 tonne low
grade inferred resource to the existing 320,000 tonnes of
0.38% copper, 4.23% zinc, and 0.88 g/t silver. (These resource
calculations were completed prior to National Instrument
43-101 and therefore are non-compliant with current
regulations) A short exploratory drill program in 1990 is the
last known major work done on the Property. It has been
reported that there has been over 1100 meters of underground
development completed on the Property.
Wasi Creek Property
Searching For: Zinc / Lead / Silver
The Wasi Creek Property is located on the south side of the
Osilinka River, 150 kilometres northwest of Mackenzie, B.C.
It covers areas of historic trenching and diamond drilling for
zinc-lead-silver mineralization in the Cambrian Atan Group
dolomite and limestone.
Bard Ventures Ltd. is funding exploration on the property
under the terms of an option agreement to earn a 50% interest
in the property with Selkirk Metals Corp. ("Selkirk") being
the operator of the program.
Mineralization on the Wasi Creek Property was discovered and
evaluated by Cominco Ltd. ("Cominco") in the early 1990's.
Cominco identified zinc-lead-silver mineralization along a 2
kilometer carbonate horizon (the Par Horizon) which remains
open along strike and down dip. The 2005 drilling by Selkirk
was successful in intersecting a new horizon sub-parallel to
the Par Horizon as indicated by airborne magnetic and EM
surveys. The survey results have identified several high
priority targets that require ground examination and follow-up
exploration including mapping, prospecting, rock and soil
sampling, trenching and, depending upon results, more diamond
drilling. One high priority area is the southern extension of
the Par Horizon that has several EM targets. In 1992 Cominco
intersected 6.35% zinc, 1.07% lead and 16.5g/t silver over
4.8m and 4.98% zinc, 0.68% lead and 18.0 g/t silver over 5.0
metres in hole 92-16 north of the high priority area.
Selkirk has hand trenched the Carrie II Showing exposing
sphalerite, pyrite and galena mineralization hosted by light
grey dolomite and breccia. The weighted average of rock chip
channel samples was 5.01% zinc, 0.89% lead and 18.0 g/t silver
over a 10 metre width. The base metal mineralization is still
open at both ends of the trench.
In addition to the Carrie showing and the Par horizon, which
was explored primarily by Cominco, Selkirk is following up on
the discovery of numerous large, angular, higher grade,
massive sulphide boulders. These boulders appear to be related
to a source separate from both the Par and Carrie Horizons.
Two of these boulders sampled by Selkirk returned assays of
26.30% zinc, 25.98% lead, and 96.3 g/t silver in one, and in
the other 8.46% zinc, 42.43% lead and 384.8 g/t silver.
The two company's are planning to conduct further exploration
on the Wasi Creek Property including trenching, prospecting
and geological mapping. Once target definition has been
completed diamond drilling would be undertaken to test
priority targets. In late June 2008, Bard Ventures announced
that an exploration program on the Wasi Creek Project will be
commencing shortly.
Resource Facts
Molybdenum:
-
Molybdenum is a chemical element with the
symbol Mo and atomic number 42. It has the sixth highest
melting point of any element, and for this reason it is
often used in high-strength steel alloys.
-
In its pure metal form, molybdenum is
silvery white and very hard, though it is somewhat more
ductile than tungsten. It has a melting point of 2623°C, and
only tantalum, osmium, rhenium and tungsten have higher
melting points.
-
The ability of molybdenum to withstand
extreme temperatures without significantly expanding or
softening make it useful in applications that involve
intense heat, including aircraft parts, electrical contacts,
industrial motors, and filaments.
Zinc:
-
Zinc is a chemical element in the periodic
table that has the symbol Zn and atomic number 30.
-
Zinc is a moderately reactive, bluish-white
metal that tarnishes in moist air and burns in air with a
bright bluish-green flame, giving off plumes of zinc oxide.
It reacts with acids, alkalis and other non-metals.
-
The most widely used alloy of zinc is brass,
in which copper is alloyed with anywhere from 9% to 45%
zinc, depending upon the type of brass, along with much
smaller amounts of lead and tin. Alloys of 85–88% zinc,
4–10% copper, and 2–8% aluminum find limited use in certain
types of machine bearings. Alloys of primarily zinc with
small amounts of copper, aluminum, and magnesium are useful
in die casting.
Lead:
-
Lead is a chemical element in the
periodic table that has the symbol Pb and atomic number 82.
-
A soft, heavy, toxic and malleable poor
metal, lead is bluish white when freshly cut, but tarnishes
to dull gray when exposed to air. Lead is used in building
construction, lead-acid batteries, bullets and shot, weights
for model railroad cars, and is part of solder, pewter, and
fusible alloys.
Copper:
-
Copper is a chemical element in the periodic
table that has the symbol Cu and atomic number 29. It is a
ductile metal with excellent electrical conductivity, and
finds extensive use as an electrical conductor, heat
conductor, as a building material, and as a component of
various alloys.
Silver:
-
Silver is a chemical element with the symbol
Ag and atomic number 47. A soft white lustrous transition
metal, it has the highest electrical and thermal
conductivity for a metal. It occurs as a free metal (native
silver) as well as various minerals such as argentite and
chlorargyrite. Most silver is produced as a by-product of
copper, gold, lead, and zinc mining.
-
It has long been valued as a precious metal
and used in ornaments and jewellery, as well as utensils.
Today, it is also used in photographic film, electrical
contacts, and mirrors.
Recent News and
Press Releases
Bard Ventures Ltd.: Lone Pine Molybdenum Property 2008 Quartz
Breccia Zone Update
CCNMatthews (Thu, Jul 3)
Bard Ventures Ltd.: Lone Pine Molybdenum Property, Drilling
Commenced-2008 Phase II, NI 43-101 Compliant Resource Estimate
in Progress
CCNMatthews (Thu, Jun 26)
Bard Ventures Ltd.: Exploration Program to Commence at Wasi
Creek Project Zinc, Lead, Silver
CCNMatthews (Tue, Jun 24)
CORRECTION; Bard Ventures Ltd.: Drilling Intersects 0.08% Mo
(0.13% MoS2) Over 404 Meters at the Lone Pine Property, B.C.
CCNMatthews (Wed, Jun 18)
Bard Adopts Shareholder Rights Plan
CCNMatthews (Wed, Jun 11)
Bard Ventures Ltd.: Drilling Intersects 0.15% Mo (0.25% MoS2)
Over 276 Meters as Part of 520.0m of 0.11% Mo (0.18% MoS2) At
the Lone Pine Property, B.C.
Marketwire (Tue, May 27)
Bard Ventures Ltd.: Drilling Intersects 0.15% Mo (0.25% MoS2)
Over 172 Meters as Part of 730m of 0.10% Mo (0.17% MoS2) at
the Lone Pine Property, B.C.
CCNMatthews (Thu, Apr 17)
SLAM Exploration Ltd.: Drilling Underway at Fort Hope Gold
Mine
CCNMatthews (Thu, Apr 10)
Bard Ventures Ltd.: Drilling in the Quartz Breccia Zone
Intersects 0.06%Mo (0.10 MoS2) Over 240 Meters at the Lone
Pine Property, B.C.
CCNMatthews (Wed, Mar 12)
Bard Ventures Ltd.: Lone Pine Molybdenum Property 2008 Update
CCNMatthews (Mon, Mar 3)
Management Team
Eugene Beukman - President, Director and C.E.O.
Eugene Beukman is the Corporate Counsel of D.S. Management
Ltd., a position he has held since January 1994. He
graduated from the Rand University of Johannesburg, South
Africa with a Bachelor of Law degree and a Bachelor of Law
Honors Postgraduate degree in 1987. Mr. Beukman was
previously employed as a legal advisor to the predecessor of
BHP Billiton. He has over twenty years experience in the
acquisition of assets and joint ventures.
John B. Malysa - Director
Mr. John B. Malysa is a mining engineer with extensive
experience in the mining and exploration environment. Mr.
Malysa is a Registered Professional Engineer in Colorado
with a B.Sc. in Mining Engineering from Penn State
University and a MBA from University of Colorado with over
30 years of progressive mining experience in all aspects of
both surface and underground mine exploration, design,
feasibility, construction, operations and management. Hands
on underground and surface mining experience in both North
and South America in union and non-union operations. His
project and operations experience include underground mines
up to 22,000 tones per day and surface mines up 100,000
tones per day. He has management, design and construction
experience in various precious and base metals with new
mines costing +US$250 million. His mineral process
experience includes Crushing and Screening, CIL, CIP, Heap
Leach, Gravity and Flotation recovery methods. John has
participated in financial and union negotiating experience
with banks, investors and employees. John has a proven track
record with several positions as President and/or General
Manager (GM) of entrepreneurial mining companies with P&L
responsibility and reporting to the Board of Directors.
James Miller-Tait - Director
James Miller-Tait has been Vice President, Exploration of
Cross Lake Minerals since November 1998; Project Geologist,
Cross Lake Minerals Ltd. from January 1998 to November 1998;
President, Sikanni Mine Development Ltd., January 1997 to
January 1998; Consulting Geologist, May 1996 to December
1996; Project Manager (previously Chief Geologist), Oniva
International Services Ltd., September 1987 to May 1996.
Emmet McGrath - Director
Emmet McGrath serves as a director for Cross Lake Minerals
Ltd., a company listed on the Toronto Stock Exchange, and
Selkirk Metals Corp., a company listed on the TSX Venture
Exchange. He graduated from the University of Calgary in
1971 with a Bachelor of Commerce Degree and is a Chartered
Accountant. From 1981 to 2002, he was employed as a partner
at KPMG for Greater Vancouver.
Robert Pryde - Director
Mr. Pryde is currently the Vice President of Exploration for
Unbridled Energy Corp., an independent natural gas
evaluation and production company listed on the TSX Venture
Exchange. From 2004 to mid July 2006, Mr. Pryde served
EnCana Corporation as Geological Advisor of their
Unconventional Natural Gas Group where he reviewed and
vetted technical aspects of all unconventional prospects,
initiated EnCana's foray into the NEBC Devonian Shale gas
prospect, set budgets, dealt with manpower issues and
mentored junior staff.
From 2001 to 2004, Mr. Pryde was employed as Exploration
Manager by Tom Brown Resources, with a primary focus on
initiating exploration prospects, setting goals and targets
within the department with a special focus on achieving
higher technical standards and results. Prior to this, Mr.
Pryde was Group Leader/Senior Exploration Geologist at the
former Alberta Energy Company in which he was instrumental
to the discovery of Diamondiferous Kimberlites within the
Red Earth region of Alberta. Mr. Pryde has held positions as
Senior Exploration Geologist for Norcen Energy Ltd. and Gulf
Canada Resources Ltd.
Contacts
Bard Ventures Ltd.
Suite 800 - 1199 West Hastings Street
Vancouver, BC Canada V6E 3T5
Phone: (604) 687-2038
Fax: (604) 687-3141
Email:
bard.shareinfo@pendergroup.ca
SEDAR Filings
CBS filings with SEDAR can be found
here. All
Fillings are current and the Company is fully reporting.
FORWARD
LOOKING STATEMENTS
This report includes
forward-looking statements that reflect Bard Ventures, Ltd. current expectations about its future results,
performance, prospects and opportunities. Bard Ventures, Ltd. has tried to identify these forward-looking statements
by using words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to a
number of risks, uncertainties and other factors that could
cause Bard Ventures, Ltd.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these forward-looking
statements. These risks, uncertainties and other factors
include, without limitation, the Company's growth expectations
and ongoing funding requirements, and specifically, the
Company's growth prospects with scalable customers, and those
outlined above. Other risks include the Company's limited
operating history, the Company's history of operating losses,
consumers' acceptance, the Company's use of licensed
technologies, risk of increased competition, the potential
need for additional financing, the terms and conditions of any
financing that is consummated, the limited trading market for
the Company's securities, the possible volatility of the
Company's stock price, the concentration of ownership, and the
potential fluctuation in the Company's operating results.
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sources deemed reliable. For more information see our
disclaimer section, a link of which can be found on our web
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particularly as related to the business plans of the Company,
within the meaning of Section 27A of the Securities Act of
1933 and Sections 21E of the Securities Exchange Act of 1934,
and are subject to the safe harbor created by these sections.
Actual results may differ materially from the Company's
expectations and estimates. This is an advertisement for
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