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Bard Ventures Ltd.
COMPANY DATA | INTRODUCTION
| PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE
Address: |
Suite 800 - 1199 West Hastings Street
Vancouver, B.C.
Canada V6E 3T5
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Tel No.: |
(604) 687-2038
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Fax No.: |
(604) 687-3141
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Web Site: |
www.bardventures.com
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Corporate Email: |
bard.shareinfo@pendergroup.ca
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Contact Person: |
Eugene Beukman
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Position: |
President & CEO
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COMPANY DATA
Traded Market: |
TSX-V |
Traded Symbol: |
CBS |
Outstanding Shares: |
96,000,000
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52 Week High: |
$ 0.17 |
52 Week Low: |
$ 0.05 |
Present Price: |
Click Here |
INTRODUCTION
Bard Ventures Ltd. is a well managed Canadian exploration company focused on Molybdenum. Headed by a team of experienced professionals with proven records of success, the Company is poised to be the next major Molybdenum development story here in British Columbia. The Company's flagship property is the Lone Pine Molybdenum project located in central British Columbia. Bard's exploration philosophy is to develop high priority molybdenum targets in established areas and to work with quality joint venture partners to advance the projects.
PROJECT IN HAND
Lone Pine Molybdenum Project, Omineca Mining Division, Central BC

Bard is earning a 100% interest in the Lone Pine project under the terms of an option agreement. The Lone Pine property consists of seven mineral claims covering 1,051 hectares, approximately 15 km north-northwest of Houston, BC, situated in the Omineca Mining Division. The property extends over several molybdenum showings including: Alaskite Zone, Quartz Breccia Zone, Mineral Hill Zone and Granby Zone.
The Lone Pine property has an ideal location for operations with established infrastructure including Highway 16, a natural gas pipeline, and a major hydro power transmission line and transformer sub-station. It is also located only 15 km from the CN rail line in Houston, BC.
The Lone Pine area has a long history of mineral exploration. Numerous companies from 1959 to 1971 conducted a variety of exploration over the property. However, it wasn't until 1976 that molybdenum mineralization was being sought after as a primary commodity. Between 1976 and 1992 continued exploration resulted in moderate molybdenum mineralization on the property.

During 2007 and 2008 Bard conducted a geophysical survey over the entire claim area, prospected, mapped, flew an airborne orthophotography survey, sent samples for metallurgical testing and drilled approximately 27,000 metres of NQ core in the Alaskite, Quartz Breccia and Granby Zones. Bard completed the NI 43-101 report with resource estimate detailing the Alaskite Zone.
The Lone Pine property currently 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).
The current ongoing drill program, which began in February 2010, is designed to evaluate molybdenum soil geochemical and IP geophysical anomalies bordering on a quartz feldspar granite and on Alaskite intrusive. The Company plans to continue with this exciting exploration program to add value to the existing mineral resource.
Project Highlights:
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An onsite BC hydro sub-station able to supply industrial strength power
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Claims are adjacent to highway 16 which provides obvious transportation benefits through all phases of development
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Local work force and accommodations lower exploration costs dramatically
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Recent high-grade Molybdenum discovery in the Alaskite Zone
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Potential to discover a large tonnage high-grade deposit that would be attractive for either organic growth or potential sale
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Gas pipeline onsite available for future use.
Grouse Mountain Project, Omineca Mining Division, Central BC
Bard is earning a 100% interest in the Grouse Mountain zinc-copper-silver-molybdenum project under the terms of an option agreement. The Grouse Mountain property is located immediately to the north of Bard's Lone Pine property, consisting of seven claims. Last summer, the Company conducted a geochemical survey on the property. Soil samples and rock samples were collected. Results are still pending.
Molybdenum Demand

World demand for molybdenum is expected to rise from 200,000 tonnes per annum to 500,000 tonnes per annum by 2030. Based on increasing applications Moly demand growth has been predicted at between 4 and 6% per annum over next ten years. Western demand is projected to increase by around 3% annually, while China demand is projected to increase by around 10% annually, increasing overall global demand by around 4.5% annually.
   
MANAGEMENT
Eugene Beukman, President & CEO, Director
Mr. Beukman is the Corporate Counsel of the Pender Group of Companies, 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.
Richard Kemp, P.Geol., Vice President, Exploration
Mr. Kemp is responsible for the technical design of the exploration programs. He has over 25 years in mineral exploration in Canada and internationally. Mr. Kemp brings to the Company extensive technical experience in both gold and base metal exploration experience. He is the President of North Star Geological Services Inc.
John B. Malysa, P.Eng., B.Sc. (Mining Engineering), Director
Mr. Malysa is a mining engineer with extensive experience in the mining and exploration environment. He has more than 30 years of progressive mining experience.
Jim Miller-Tait, P.Geo., B.Sc. (Geology), Director
Mr. Miller-Tait has over 20 years of continuous exploration, development and production experience. He has been President of Sikanni Mine Development Ltd., his own geological consulting company, as Consulting Geologist since May of 1996.
Emmet McGrath, CA, B.Comm, Director
Mr. McGrath serves as director for Beatrix Ventures Inc. and Burnstone Ventures Inc. From 1981 to 2002, he was employed as a partner at KPMG for Greater Vancouver.
Robert Pryde, B.Sc. (Geology), Director
Mr. Pryde is Vice President of Exploration for Unbridled Energy Corp. He is a member of CPSG, AAPG, APEGGA and GSA.
NEWS UPDATE
On February 17, 2011, Bard Ventures Ltd. provided an update after receiving a positive Preliminary Economic Assessment on the Lone Pine property. P&E concludes that the Property has favourable economic potential as an open pit mine producing Mo and Cu concentrates.
On December 22, 2010, Bard Ventures Ltd. announced the results of a soil sampling and geological mapping program covering the 61 Zone on its Lone Pine Property in B.C. The positive results from the summer field programs are considered significant, supporting the potential for extending the 61 Zone molybdenum mineralization. The Company looks forward to receiving an update on the Preliminary Economic Assessment early in 2011.
On November 22, 2010, Bard Ventures Ltd. announced that it has entered into an agreement to acquire a 100% interest in the Owl Lake molybdenum property, located within the Thunder Bay Mining Division of Ontario and cover an area of approximately 324 hectares.
On November 18, 2010, Bard Ventures Ltd. announced that it has entered into an agreement to acquire a 100% interest in the Little Steel Lake gold-silver-lead-zinc property, cover an area of approximately 259 hectares, which is located within Tuuri Township, 25 km east of Terrace Bay, Ontario within the Thunder Bay Mining Division.
On November 15, 2010, Bard Ventures Ltd. announced that it has entered into an agreement to acquire a 100% interest in the Little Bear Lake claims, which are approximately 4 km northeast of Schreiber, Ontario, and are situated in the Thunder Bay mining division. The five mineral claims that comprise the property cover an area of approximately 826 hectares.
On August 23, 2010, Bard Ventures Ltd. announced that it has arranged a non-brokered private placement of up to $450,000 through the sale of 3.2 million flow-through units at a price of 7.5 cents per unit and up to 3.5 million non-flow-through units at 6 cents per unit.
On May 5, 2010, Bard Ventures Ltd. announced that it has received additional significant drill hole assay results from a new area of molybdenum mineralization intersected during the 2010 winter drill program on the Company's Lone Pine molybdenum property in B.C. The 2010 winter drill program was completed on April 1, 2010 with the completion of 9 NQ drill holes from four drill sites totalling 3,427.13 m. Bard drills 112.4 m of 0.05% Mo.
On April 12, 2010, Bard Ventures Ltd. announced that Mr. Richard Kemp has been appointed Vice President, Exploration.
Mr. Kemp is a Professional Geologist and has over 25 years in mineral exploration in Canada and internationally. Mr. Kemp brings to the Company extensive technical experience in both gold and base metal exploration experience. He is the President of North Star Geological Services Inc.
On April 1, 2010, Bard Ventures Ltd. announced significant drill hole assay results from a new area of molybdenum mineralization intersected during the current 2010 drill program on the Company's Lone Pine property in BC.
Drill hole BD-10-61, located along the northern contact of the quartz feldspar granite intrusive, intersected several intervals intersections averaging 0.04% Mo over drilled widths up to 58.1 m with higher grade intersections averaging 0.07% Mo over drilled width of 12.6 m.
The Company is very encouraged by these initial results which highlight the potential of this newly discovered area of molybdenum mineralization intersected in BD-10-61.
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