Zadar Ventures Ltd. (the "Company") is pleased to report that the results from the detailed gravity survey have been completed over the WSP Lithium Brine Project (see Company News Releases of June 22 and July 7, respectively). The gravity 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.
Zadar President & CEO, Paul D. Gray, P.Geo. stated, "With this detailed gravity survey on our WSP lithium brine project now completed, a clear lithium brine target has been identified and we will look to quickly advance it via drill testing. The Clayton Valley is currently being advanced by several of our exploration peers, and Zadar intends to be a main part of this renaissance in lithium brine exploration and development."
Results of the gravity survey highlight two principal features within the modeled bedrock depth; 1) a relatively large area with increased bedrock depths and 2) an area with much shallower bedrock depths. In the eastern half of the claim block, modeled bedrock depths are greater than 600 metres below surface while the southwestern portion of the claims have much shallower bedrock depths that approach 100 meters at a minimum as observed. Bedrock depth is also slightly shallower in the northwestern corner of the claims with depths approaching 400 meters. The eastern bedrock low area continues to the west-central portion of the claims in what appears to be a saddle type feature with depths to approximately 550 meters. In the far eastern portion of the claim block, bedrock depths are interpreted to reach over 850m below surface.
The saddle like feature in the eastern portion of the claim trends on a north-east orientation and may offer a confining feature of the brines hosted within the claim portion of the Clayton Valley Lithium basin. It is further interpreted that the Main Ash Aquifer and at least portions of the Lower Aquifer System, both of which host lithium brine horizons exploited on the adjacent Abelmarle lithium production facility, may be present over most, if not all, of the claim block.
With this critical geophysical information in hand, Zadar now intends to prioritize locations for exploration drill holes that will test in situ lithium concentrations within brines hosted beneath the WSP claims through a drill hole supported, fluid 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.
Maps and visuals highlighting the results of the WSP gravity survey will be made available on the Company's website.