Zadar Expands Canadian Petrobrine Projects
(firmenpresse) -
ZADAR EXPANDS
CANADIAN PETROBRINE PROJECTS
March 3, 2017 - Vancouver, British Columbia. Zadar Ventures Ltd. (the Company) is pleased to announce that it has increased its interests in lands prospective for lithium bearing petrobrines in Manitoba from 38,000 hectares to 51,000 hectars by way of newly filed claim applications. Manitoba is a jurisdiction well-known for its oil production in the southeast section of the Province and historic lithium production in east central Manitoba at the Tanco Mine at Bernic Lake, Manitoba.
In an effort to quickly assess the value potential of these prospective petrobrine lands, the Company plans to initiate testing waste water from the producing oil wells in the area of these claim applications within the next several weeks.
Company President Paul D. Gray, P.Geo. Commented We are excited to get involved in a new area of lithium exploration in well-established petroleum production basins. The demand for low cost Lithium production in stable jurisdictions is going to be the key driver in the ever growing energy storage space. These Manitoba petrobrine fields offer a rare opportunity to leverage on the existing handling of saline waters potentially enriched in lithium at surface, and Zadar will be determining if this is an economically viable opportunity.
Petrobrines are considered to be saline formational waters associated with petroleum production which could potentially be utilized as feedstock for mineral extraction, including lithium (Li).
Production of Manitoba petroleum reservoirs has been consistent since the mid 1980s and many of these oil production reservoirs are either in direct contact with carbonates hosted within the Western Canadian Sedimentary Basin, such as within the prolific Bakken Formation or are hosted within the actual carbonate lithologies, such as with the Three Forks Formation oilfields. These sedimentary carbonate rocks are potential source rock for lithium brine accumulation.
In almost all cases oil production wells in these areas produce petroleum that is intimately associated with formational waters. This water is considered a waste bi-product of petroleum production, and typically rich in dissolved mineral solids and of high salinity. These saline waters are, in normal course, disposed of by pumping the saline waters into other, usually deeper, sedimentary formations. As the production well nears its end of life, it is the cost of this water disposal that usually causes the well to be uneconomic to further produce. A normal well could produce 2000m3 water per month, all of which could contain an elevated number of dissolved solids.
The determination of the lithium content of these saline waters within the producing petroleum fields is the next step in lithium exploration as these waters are being brought to the surface and handled on a regular basis. The potential to process these waters and extract any lithium is the target of petrobrine lithium exploration.
Lithium occurs naturally in granitic pegmatites and has historically been exploited in east central Manitoba from such sources. Original deposits underwent erosion, releasing Li+ ions, and it is these lithium ions that would have entered the ground water system and potentially charged vast ground water reservoirs with elevated Li. During the Devonian period, carbonate rocks were forming in this part of modern day Manitoba and, due to lithiums affinity for carbonate, Lithium Carbonate (Li2CO3) would have formed. Because of lithiums partial solubility at standard atmospheric temperatures and pressures, the lithium would have not likely migrated over great distances. The Western Canadian Sedimentary Basins edge can be found in eastern Manitoba and it has been demonstrated that meteoric water recharges the Basin by underground migration in an east to west direction. The natural lithium deposits can be found just east of this Basinal edge and it is possible undiscovered lithium deposits lie buried west of the Basinal edge. It is this unique situation within east central Manitoba, proximal to the edge of the Western Sedimentary Basin that could potentially afford lithium groundwater interactions with the carbonate deposits of Western Manitoba.
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
This news release has been reviewed and approved by Mr. Paul D. Gray, P.Geo., who is the Company's qualified person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul D. Gray, P. Geo.
President & CEO
ZADAR VENTURES LTD.
908-510 Burrard St
Vancouver, B.C. V6C 3A8
Phone: 604-682-1643
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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 companys 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.
Leseranfragen:
Zadar Ventures Ltd. ist ein Junior-Uranexplorationsunternehmen, das sich auf den Erwerb und die Exploration wirtschaftlich förderbarer Mineralressourcen konzentriert.
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Datum: 03.03.2017 - 09:19 Uhr
Sprache: Deutsch
News-ID 527924
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