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ZAD Zadar Ventures Ltd

0.30
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Zadar Ventures Ltd TSXV:ZAD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.50 0.50 0 01:00:00

Zadar Announces Summer Exploration Program For PNE

12/08/2013 7:21pm

Marketwired Canada


Zadar Ventures Ltd. (TSX VENTURE:ZAD)(FRANKFURT:ZAV) (the "Company") is pleased
to announce the commencement of the summer field program on its PNE Uranium
Project located in the Patterson Lake area of the Athabasca Basin, northern
Saskatchewan. 


A detailed compilation of historical data at the PNE Uranium Project has
identified this as a project with a high discovery potential for an unconformity
or basement hosted uranium deposit at shallow depths, based on lithology,
structure, alteration and historical boulder sampling. The inaugural 2013
uranium exploration program is designed to be a reconnaissance/orientation
program targeting boulder prospecting/sampling, ground-based geophyscal
(scintillometer) surveys and a first pass Alpha-Track Uranium Services radon cup
survey. The program will follow up and identify the probable source of
historically reported boulders with elevated to anomalous uranium and boron
contents (pathfinders for uranium deposits) that have been reported on-property.
In specific the southern portions of the PNE Uranium Property will be targeted
as previous work has identified undrilled MEGATEM anomalies in these areas. (see
Saskatchewan Mineral Assessment Database (SMAD) 74F-0016). In conjunction with
the boulder prospecting surveys, surface sampling for Radon gas, a product of
uranium decay, will also be utilized to identify subsurface radioactive
anomalies. 


Information garnered from this first phase PNE exploration program, will be used
to initiate the permitting process towards follow up ground and airborne
geophysical surveys and subsequent diamond drilling. 


To date, only one hole has been drilled on the project (see SMAD 74F14-0008),
and this intersected clay alteration, fracturing and abundant pyrite, indicative
of hydrothermal enrichment. The1979 drill hole was collared in the northern
portion of the project and was located to test a structural target peripheral to
a prominent MEGATEM anomaly. Boulders from this locale contain between 0.14 and
2.02 ppm uranium. The two highest values, nominally 300 metres apart, contain
1.26 and 2.02 ppm uranium. These boulders may be locally derived. 


The 15,292 hectares PNE project immediately adjoins the Patterson Lake North
project (Azincourt Uranium Inc. (50%)/Fission Uranium (50%)) and is located
approx. 11km NE of the Patterson Lake South project (Fission Uranium Corp./Alpha
Minerals Inc.), where high-grade uranium intersections are being encountered at
shallow depths. The PNE project lies within large basin scale NE, NNE and NS
trending structural corridors inferred by gravity and magnetic lows, which
encompasses the former Cluff Lake uranium mine, the Shea Creek uranium deposits,
and the recently discovered high-grade uranium mineralization found at the
Patterson Lake South project. 


Zadar Ventures Ltd. is a junior uranium exploration company focused on acquiring
and exploring for economically viable mineral resources. For more information we
invite you to visit the company's website at www.zadarventures.com.


Kieran Downes, P. Geo., a Qualified Person as defined by National Instrument
43-101, has reviewed and verified the technical information provided in this
release.


ON BEHALF OF THE BOARD OF DIRECTORS

Paul D. Gray, P.Geo., President

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Zadar Ventures Ltd.
Paul D. Gray, P.Geo.
President
604-682-1643
www.zadarventures.com

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