|Zadar Ventures Ltd.
TSX VENTURE : ZAD
February 04, 2016 08:00 ET
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 4, 2016) – Zadar Ventures Ltd. (the “Company”) (TSX VENTURE:ZAD)(FRANKFURT:ZAV) announces that it has entered into a standstill agreement with a private Nevada LLC to negotiate an option to purchase a 100% interest in two prospective Lithium projects near Silver Peak, Nevada in North America’s only producing lithium brine basin, the Clayton Valley Basin.
One of the projects is located immediately adjacent to the Rockwood Lithium Mine and Processing Plant complex in North Clayton Valley and covers approximately 425 hectares, including a gravity low anomaly interpreted to represent a basinal low permissive to host brines containing elevated concentrations of lithium. This project’s merit is supported by a USGS test hole (Drillhole CV-2) located ~600m from the eastern claim boundary that reported a 55ppm Li maximum content from analyzed water samples.
The other project lies approximately 18 kilometres southeast of Silver Peak, Nevada and covers over 330 hectares of an isolated and un-drilled basin which has the potential to host a similar lithium brine environment by virtue of its proximal location to the possible source of the lithium within the Clayton Valley system. This later project has also been the subject of a suite of initial gravity surveys and shows a basinal feature, which if closed, could host brines with elevated lithium concentrations.
The Company intends to have an executed definitive agreement by Feb 25th 2016 and more information on the projects and Zadar’s plans to advance these projects will be released after this event.
This news release has been reviewed and approved by Paul D. Gray, P.Geo., who is the Company’s qualified person as defined by National Instrument 43-101.
Zadar Ventures Ltd. is a Resource Company focused on the acquisition and exploration of economically viable green energy resources in jurisdictions favorable to mining and industry. For more information we invite you to visit the company’s website at www.zadarventures.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.