VANCOUVER, BC--(Marketwired - June 22, 2016) - Zadar Ventures Ltd. (the "Company") (TSX VENTURE: ZAD) (FRANKFURT: ZAV) (OTCQB: ZADDF) is pleased to announce that has filed an Intent to Operate with the State of Nevada to carry out, on-the-ground exploration work consisting of detailed follow up gravity geophysical survey over the WSP Project as well as three (3) diamond drill test holes on both our WSP and CR claim groups in Clayton Valley. The Company has engaged Hasbrook Geophysics, Inc. of Prescott, Arizona to conduct the Gravity surveys.
Hasbrouck Geophysics, Inc. has a long history of working in Clayton Valley which gives the Zadar the benefit of their extensive knowledge and experience within this closed basin, lithium brine environment. Inc specific, Hasbrock Geophysics, Inc. has done the geophysical surveys work for Pure Energy in the Clayton Valley as well as many other lithium exploration companies.
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 water 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.
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.