Zadar Ventures Ltd. (the "Company") is pleased to report that a detailed gravity survey has been completed over the WSP Lithium Brine Project (see Company News Release of June 22, 2016). The 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. The results of the gravity survey will be used to prioritize locations for subsequent exploration drill holes that will test in situ lithium concentrations within brines hosted beneath the WSP claims through a drill hole supported, water 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.
With the physical data collection aspect of the survey now complete, bedrock depth modeling is currently underway, utilizing each fourteen lines of gravity collected data. Final results and interpretations are expected in approximately 2 weeks.
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.