Oct 23 2013
Zadar Ventures Ltd. (the "Company") updates exploration progress on Zadar's PNE Uranium Project (15,292 ha.) located in the Patterson Lake area of the Athabasca Basin, northern Saskatchewan. The Phase II exploration program that included ground based geophysical surveys (hand-held scintillometer prospecting), boulder mapping and AlphaTrack radon detector surveys over 9 target areas is now complete.
In total, 370 radon detectors were distributed in targeted, systematic grids over the interpreted uranium target areas during the course of the program. Analytical results from the radon surveys and rock sampling programs will be reported once received, evaluated and analyzed.
The PNE project shares a common boundary with the Patterson Lake North project (Fission Uranium Corp.(50%) - Azincourt Uranium Inc. (50%)) where the discovery of an ~8 km long conductor trend was recently announced on ground immediately adjoining the PNE project. In the same news release (October 8, 2013), Fission Uranium, the operator of the Patterson Lake North project, announced an exploration budget of $1.5 million that includes 2,500-3,000 metres of winter 2014 diamond drilling. This is a very positive development and enhances Zadar's belief that the PNE project has a high discovery potential for an unconformity or basement hosted uranium deposit at shallow depths, based on lithology, structure, alteration and historical boulder sampling.
Both the PNE and Patterson Lake North projects lie 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
The company has also set 100,000 incentive stock options at $0.25 for a period of two years.
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