Bard Ventures Ltd. (the “Company”) announces that it is planning a follow-up exploration program on its Lone Pine Property to test additional gold values on the Quartz Breccia Zone (“QBZ”). The Company wishes to provide a summary of previously announced results of gold analysis covering both historical and recently completed drill holes in the QBZ on its Lone Pine Property (the “Property”). The Company remains pleased and encouraged by the gold results received from drill hole intercepts located on the QBZ. The Property is located 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division. Gold analyses were received from selected drill holes.
The Company completed a NI 43-101 positive Preliminary Economic Assessment on the Alaskite Zone (see News Release March 11, 2011). This PEA does not include any resource from the QBZ. Mineral resources that are not mineral reserves do not have demonstrated economic viability.