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NEWS RELEASE
Bard Ventures Ltd.
Suite 800-1199 West Hastings Street Vancouver, BC, V6E 3T5 Tel.: (604) 687-2038 Fax: (604) 687-3141
Frankfurt Exchange: BVU October 25, 2010 TSX Venture Symbol: CBS
BARD ANNOUNCES ENGAGEMENT OF P&E MINING CONSULTANTS INC. TO COMPLETE AN INDEPENDENT NI 43-101 – PRELIMINARY ECONOMIC ASSESSMENT (“SCOPYING STUDY”) FOR ITS LONE PINE PROPERTY, BRITISH COLUMBIA
Bard Ventures Ltd. (“Bard” or the “Company”) is pleased to announce that the Company has engaged P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario to complete an independent National Instrument 43-101 - Preliminary Economic Assessment (“PEA”) for its Lone Pine Molybdenum, Copper and Silver project near Houston, British Columbia.
The P&E team will be mobilized and commence field work on November 1, 2010 and initial schedules indicate that the PEA will be completed during the first quarter of 2011. The PEA will determine a preliminary open pit mine design and estimate capital and operating costs. The PEA will also include a financial analysis based on reasonable assumptions about each of the foregoing factors and other technical and economic factors. This PEA will be the first disclosure of potential project economics for the Lone Pine Property.
“We are very optimistic that this PEA will greatly assist us in raising the capital necessary to move the Lone Pine project forward”, said Eugene Beukman, President and Chief Executive Officer of the Company.
The Company is also continuing with its follow-up exploration program to test the Zone 61 discovered earlier in 2010 and potentially extend the existing mineral resource that will be the subject of the PEA.
The Company will continue to evaluate additional assets and secure exploration rights in the area of interest.
Bard Ventures Ltd.
News Release – October 25, 2010
Bard is earning a 100% interest in the Property under the terms of an option agreement (see News Release dated September 15, 2006). The Lone Pine property exploration work is being conducted under the supervision of Qualified Person Rick Kemp, P.Geo., Vice- President-Exploration of Bard.
On behalf of:
Bard Ventures Ltd.
Per: “Eugene Beukman”
Eugene Beukman
President
For further information please visit our website at www.bardventures.com
Robert Mullins Tel: 416-742-5600 Toll Free: 1-866-580-8891 www.firstcanadiancapital.com
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.