1) Bard Ventures is a Canadian exploration company focused on developing its molybdenum project, the Lone Pine Property in British Columbia.
2) A preliminary economic assessment of the Lone Pine Property estimates its net present value between $112-$505 million depending on molybdenum prices.
3) In addition to its molybdenum project, Bard Ventures also explores for gold at properties including Little Bear Lake, Little Steel Lake, Jackfish Lake, and Owl Lake.
Bard Ventures poised to become major BC molybdenum developer
1. Suite 800 Phone: (604) 687-2038
1199 West Hastings St. Fax: (604) 687-3141
Vancouver, BC
Canada V6E 3T5 Email: bard.shareinfo@pendergroup.ca
www.BardVentures.com TSX-V: CBS
Bard Ventures Ltd. is a well managed Canadian exploration po
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company focused on Molybdenum. Headed by a team of Property N
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experienced professionals with proven records of success, the
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Company is poised to be the next major Molybdenum development
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story here in British Columbia. Given current Molybdenum market
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conditions, this appears to be the perfect way for management to
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Lone Pine Property
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Project Highlights: e
Positive Preliminary Economic Assessment: NPV $505M
? An onsite BC Hydro Substation able to supply industrial strength 11 km
power. CN
? Claims are adjacent to highway 16 which provides obvious rai
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transportation benefits through all phases of development y
? Local work force and accommodations lower exploration costs
dramatically
? Recent high-grade Molybdenum discovery in the Alaskite Zone 0 1 2 3 5 Houston
? Potential to discover a large tonnage high-grade deposit that would be kilometres
attractive for either organic growth or potential sale.
? Gas pipeline onsite available for future use.
Quartz Breccia
Zone Granby
Zone
Mineral Hill
1.2 km ‘61’ Zone Zone
Coarse grained Quartz Feldspar
Porphyry
Fine to medium grained alaskite
intrusive or leucogranite
Hornfels and altered volcanics
Alaskite Massive fine grained volcanics
Zone Massive grey diorite
Tuffs (brown)
Tuffs (grey)
Pinkish magnetic monzonitic dyke
2. Sensitivity of Project Economics to
Molybdenum Prices at Various Discount Rates
Mo US$per
Pound
IRR NPV (millions of $)
0% 5% 7% 10%
$19.00 12.4% 1,233 505 320 112
$20.00 14.4% 1,459 651 445 206
$22.50 19.1% 2,024 1,017 757 443
$25.00 23.6% 2,589 1,383 1,068 679
$27.50 27.8% 3,153 1,749 1,380 915
$30.00 32.0% 3,718 2,115 1,691 1,152
The mine has been planned as a conventional open-pit mining operation producing 40,000 tonnes per day of
mill feed at full production. The plan anticipates mining 14.0 million tonnes of ore annually based on a 350 day
operating year. Overall pit slopes have been designed at approximately 50 degrees with a life of mine average
stripping ratio of 4.98:1. (NI-43-101, E. J. (Gene) Puritch, P. Eng., Independent P&E Mining Consultants Inc.)
Gold Properties
Little Bear Lake Property
The property surrounds a leased claim which hosts the Little Bear Occurrence. A one ton bulk sample taken
from the occurrence in 1936 was reported to have an average grade of 1,419 g/ton gold. The single leased
claim is still held by the Halonen family. Values up to 3.32 grams/tonne gold has been found in a 6 meter wide
zone. The zone is open in all directions.
Little Steel Lake
The property covers a Pb,Zn,Ag,Au showing on the south side of the CPR tracks just east of the Steel River.
Previous surface trenching on the main showing has returned 3.4 g/t gold, 13.0 g/t silver, 0.53% lead and
0.21% zinc over a 3.6 meter wide chip sample. Re-sampling of the main showing by the owners in 2010
returned 27.7 g/t silver, 2.97% lead and 2.06% zinc. Sampling ten meters east of the showing returned 16.2 g/t
silver and 1.3% copper and 9.6 g/t silver, 1.15% zinc and 0.69% lead. Clearly there is much potential for further
expanding the known mineralization in this area.
Jackfish Lake Property
At the present time the area is actively being explored for gold. Galahad Metals' Kellyn property, 3 km to the
north, contains a gold and base metal vein system that occurs along the contact between ultramafic rocks and
a granitoid body. Historic data indicate that up to 2.72 oz/ton gold and 31.4 oz/ton silver were found on the
property. Preliminary sampling by Galahad in 2009 confirms the gold-rich content of the vein system. In
addition, channel sampling by Alto on their Empress Mine property 4 km to the north has returned 16.2 metres
of 1.3 g/t gold, including 2.8 meters of 5.31 g/t gold. Selected grab samples have assayed as high as 66.93 g/t
gold
Owl Lake Property
The property was staked in the summer of 2010. Additional claims were staked in the fall to cover the
gabbroic/ultramafic unit in this area. Some limited sampling was undertaken during the staking. Five samples
were sent out for assay. One of the rocks from near the shaft area returned 1.52% Mo.