Zadar Ventures Ltd.: Completes Gravity Survey on Northern Clayton Valley Lithium Project
VANCOUVER, July 19, 2016 - Zadar Ventures Ltd. (TSX VENTURE: ZAD) (OTCQB: ZADDF) (FRANKFURT: ZAV) (the "Company") is pleased to report that the results from the detailed gravity survey have been completed over the WSP Lithium Brine Project (see Company News Releases of June 22 and July 7, respectively). The gravity survey was designed to complement an historical, more widely spaced, gravity survey that had identified a discreet, northeast trending gravity low on the WSP Project, which management interprets to represent a basinal structure capable of hosting brines with elevated lithium. Zadar President & CEO, Paul D. Gray, P.Geo. stated, "With this detailed gravity survey on our WSP lithium brine project now completed, a clear lithium brine target has been identified and we will look to quickly advance it via drill testing. The Clayton Valley is currently being advanced by several of our exploration peers, and Zadar intends to be a main part of this renaissance in lithium brine exploration and development."
Results of the gravity survey highlight two principal features within the modeled bedrock depth; 1) a relatively large area with increased bedrock depths and 2) an area with much shallower bedrock depths. In the eastern half of the claim block, modeled bedrock depths are greater than 600 metres below surface while the southwestern portion of the claims have much shallower bedrock depths that approach 100 meters at a minimum as observed. Bedrock depth is also slightly shallower in the northwestern corner of the claims with depths approaching 400 meters. The eastern bedrock low area continues to the west-central portion of the claims in what appears to be a saddle type feature with depths to approximately 550 meters. In the far eastern portion of the claim block, bedrock depths are interpreted to reach over 850m below surface.
The saddle like feature in the eastern portion of the claim trends on a north-east orientation and may offer a confining feature of the brines hosted within the claim portion of the Clayton Valley Lithium basin. It is further interpreted that the Main Ash Aquifer and at least portions of the Lower Aquifer System, both of which host lithium brine horizons exploited on the adjacent Abelmarle lithium production facility, may be present over most, if not all, of the claim block.
With this critical geophysical information in hand, Zadar now intends to prioritize locations for exploration drill holes Žthat will test in situ lithium concentrations within brines hosted beneath the WSP claims through a drill hole supported, fluid sampling program.
The WSP gravity survey was conducted by Hasbrouck Geophysics, Inc. from June 12 through June 23, 2016. The survey included a total of 126 gravity stations acquired over the entire WSP claims area with a LaCoste & Romberg Model G gravity meter. The data were acquired along fourteen lines nominally separated by 250 meters, at intervals of 125 and 250 meters.
ŽMaps and visuals highlighting the results of the WSP gravity survey will be made available on the Company's website.
About the WSP and CR Lithium Projects:
The WSP project is located immediately adjacent to the Rockwood/Albamarle claims 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 fluid samples.
The CR 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.
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.
The Company is looking forward to an active and accretive 2016.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul D. Gray, P. Geo.
President
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. This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Contact
ZADAR VENTURES LTD.
1100-888 Dunsmuir St
Vancouver, B.C. V6C 3K4
Phone: 604-682-1643