Mr. Mark Tommasi reports
ZADAR TO ACQUIRE MINERAL CLAIMS IN PROLIFIC GOLDEN TRIANGLE
Zadar Ventures Ltd. has entered into an option agreement with a private staking syndicate to purchase the East Boundary mineral claims which consists of 1,888 hectares in the prolific Golden Triangle located in Northern British Columbia.
Zadar has the option to purchase a 100-per-cent interest by issuing three million shares (one million shares on Toronto Stock Exchange approval and two million shares within 18 months) and granting Carl von Einsiedel a 2-per-cent net smelter return royalty.
The company acquired the East Boundary property based on its proximity to drill hole FK 18-10 announced by Aben Resources on Aug. 9, 2018. One of the claims that comprise the East Boundary property adjoins the eastern boundary of Aben's Forrest Kerr property approximately 2.5 kilometres east of the recently announced DDH FK 18-10. The remainder of the 1,888-hectare claim package is within five kilometres of the Forrest Kerr property.
Published government geological maps indicated that the East Boundary property is underlain by Triassic-Age Stuhini rocks and straddles Kyba's Red Line which maps a key geological contact in the Golden Triangle that is closely related to copper and gold mineralization throughout the district.
An evaluation of available ASTER (satellite imagery) has identified four distinct sericite-illite alteration anomalies on the East Boundary claims which clearly warrant follow-up exploration work.
The company has mobilized a geological team to evaluate the property and will provide results as soon as they become available.
Carl von Einsiedel, PGeo, has approved the contents of this press release and is one of the vendors of the property.
About
Zadar Ventures Ltd.
Zadar Ventures is a resource company focused on the acquisition and exploration of economically viable green energy resources in jurisdictions favourable to mining and industry.
We seek Safe Harbor.
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