Zadar Discovers Radioactive Boulders on PNE Uranium Project; Follow-up Exploration Program Underway
September 11, 2013 (Source: Marketwire) — Zadar Ventures Ltd. (the “Company”) (TSX VENTURE:ZAD)(FRANKFURT:ZAV) is pleased to announce the completion of the Phase I reconnaissance/orientation summer field program on Zadar’s PNE uranium project located in the Patterson Lake area of the Athabasca Basin, northern Saskatchewan. The program comprised a 3 day on-the-ground geophysical (scintillometer) survey program, deployment of Alpha-Track Uranium Services radon detectors (34) in an area with historical anomalous boron (+ uranium) boulder samples. Additionally, boulder chip sampling and a base line evaluation for permitting of a diamond drilling program was conducted in conjunction with the ground based traverses across the Project area. Based on the success of the Phase I program and the quality of initial results, Zadar has initiated a more substantive follow-up Phase II program on the PNE Project.
Of the anomalous boulders tested in Phase I all returned values from 130 to 405 Counts per Second (“cps”) with 13 of 17 reporting greater than 200 cps as measured by the hand-held Radiation Solutions R-125 scintillometer/spectrometer device utilized for the program. The boulders are classified as rounded to sub rounded and range from 60 to 120 centimetres in diameter and were predominantly basement-type lithologies of granulites to schists, and one Basinal sandstone unit. The anomalous boulders sampled have basement rock lithologies similar to those reported in the early stages of the Patterson Lake South uranium discovery (see Alpha Minerals Inc. news release of December 14, 2011).
Geological work continues on the samples collected and chemical analyses will be included with those samples collected during the PNE Phase II program.
The Phase II PNE exploration program will comprise expanded scintillometer surveys and associated boulder sampling with a grid based systematic deployment of radon detectors (>350 planned). The radon detector cups will be deployed over geophysical targets and in specific target areas containing boulders with anomalous uranium and boron contents. Radioactive boulders will be sampled. As well, boulder samples will be collected for clay mineral alteration study (PIMA). In addition, all radon cups deployed during the Phase I program will be retrieved and sent for analysis.
Additionally, the single drillhole that has been drilled on the PNE Project (see SMAD 74F14-0008) will be located and surveyed during the Phase II program. This diamond drillhole was collared in 1979 in the northern part of the project to test a structural target peripheral to a prominent MEGATEM anomaly. The hole recorded clay alteration, fracturing and abundant pyrite, indicative of hydrothermal enrichment and boulders from this locale are reported to 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, and during the Phase II program conformational sampling of this area will also be conducted.
The 15,292 hectares PNE project immediately adjoins the Patterson Lake North project (Azincourt Uranium Inc. (50%)/Fission Uranium (50%)) and is located ~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 a large basin scale NE trending gravity low structural corridor that 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.
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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, 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.
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