SOURCE: Zadar Ventures Ltd.

Zadar Ventures Ltd.

July 26, 2016 08:00 ET

Zadar Receives Drill Permits for WSP Lithium Brine Project, Clayton Valley, NV

VANCOUVER, BC--(Marketwired - July 26, 2016) - Zadar Ventures Ltd. (the "Company") (TSX VENTURE: ZAD) (FRANKFURT: ZAV) (OTCQB: ZADDF) announces it has received the required work permits from the Federal Bureau of Land Management ("BLM") to complete 2 drill holes on its WSP Lithium Project (the "Project") in Nevada.

The work approved in the recently received permits allows for a Phase 1 exploration program at WSP consisting of an initial diamond drillhole and should results prove positive, a second follow-up exploration drillhole. The two drill sites that have ben permitted for were selected based on their ability to target potential lithium-brine-bearing formations, within the Clayton Valley Basin.

Zadar President & CEO Paul D. Gray, P.Geo. commented, "We are excited to have been granted approval for the requisite permits that will allow the Company to testsits flagship Clayton Valley Lithium Project. It is expected drilling activities on the WSP Lithium Project will begin by early Q3 of this year."

The initial drillhole planned for the WSP lithium project will target lithium brine-bearing formations interpreted to exist on the WSP claim block and will consist of diamond drilling to depths of at least 800m. The Company's operator in the Clayton Valley, NV. GeoExplor Corp. will manage the drilling program.

Maps and visual aids highlighting the location of these permit drillhole locations overlain upon the recently received data from the 2016 WSP Gravity Survey (see Company News Release dated July 19, 2016) will be made available on the Company website shortly, www.zadarventures.com.

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. The Company's flagship Clayton Valley project is located directly adjacent to the Albemarle Silver Peak lithium project, which contains North Americas only producing lithium mine. For more information we invite you to visit the company's website at www.zadarventures.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Paul D. Gray
President, CEO

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.

Contact Information

  • ZADAR VENTURES LTD.
    Phone: 604-682-1643