Zadar Enters Into Lithium Standstill Agreement
(firmenpresse) - Zadar Enters Into Lithium Standstill Agreement
Feb 4, 2016 - Vancouver, British Columbia. Zadar Ventures Ltd. (the Company) (TSX- V:ZAD) 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 Americas 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 projects 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 Zadars 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
Companys 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 companys website at www.zadarventures.com
ON BEHALF OF THE BOARD OF DIRECTORS Paul D. Gray
President, CEO
ZADAR VENTURES LTD.
1100-888 Dunsmuir St.
Vancouver, B.C. V6C 3K4
Tel: 604-682-1643
ZAD TSX-V
ZAV.F
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.
Leseranfragen:
Zadar Ventures Ltd. ist ein Junior-Uranexplorationsunternehmen, das sich auf den Erwerb und die Exploration wirtschaftlich förderbarer Mineralressourcen konzentriert.
Datum: 04.02.2016 - 19:07 Uhr
Sprache: Deutsch
News-ID 448807
Anzahl Zeichen: 2763
contact information:
Town:
Wien
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Business News
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