28. January 2014 - Vancouver, British Columbia. Zadar Ventures Ltd. ("The Company") presents a review of the past year 2013 as well as a preview of a promising year 2014. Zadar's main focus on generating 2013 was to close the year by acquiring all licensing rights to five advanced development (5) uranium exploration projects, all located in the Athabasca Basin. (Project owner was Triex Mineral Corporation, which was also responsible for their development.) Zadar conducted the first Uranium soil exploration in the Patterson Lake NE (PNE) uranium project, expanded the leadership team, and provided funding for 933.000 $ , After achieving these targets, Zadar is looking forward to an active year of exploration for 2014, where new discoveries are planned.
Zadar is confident that the economic fundamentals in the uranium exploration sector and the high-quality project portfolio of proprietary uranium projects in the Athabasca Basin combined with the current increase in uranium discoveries in Athabasca will provide shareholders with an outstanding performance in 2014.
2013 acquired all concession rights to five (5) uranium exploration projects at the advanced development stage (67.561 hectares) for Zadar, all located in the high-yielding Athabasca Basin:
• Uranium project Pasfield Lake
• Uranium project West Carswell
• Uranium project Stony Road
• Uranium project Riverlake
• Uranium project Highrock
These 5 projects together form a uranium exploration package created and developed by Triex Minerals Corporation ("Triex") in the years following the millennium. More than $ 17 million has been invested in exploration and historical data mining. This resulted in an impressive compilation of project data, which are now in Zadar's possession of 100%. The value of the aggregated historical data and the exploration activities carried out in the projects under the leadership of Dr. Ing. Michael Gunning Ph.D, P.Geo. can not be emphasized enough. Dr. Gunning already counts numerous uranium discoveries in the Athabasca Basin to his successes; This project portfolio contains high-level target zones that are in an advanced stage of exploration, and in their development Dr. Ing. Gunning was personally involved during his senior role at Triex Explorations.
Zadar has initiated detailed data analysis for each individual project and is developing a number of priority drill targets in each of the five (5) Triex projects. In particular, as part of the modeling of geophysical and structural data - including the results of the diamond drilling carried out by Triex between 2007 and 2009 in the Pasfield Lake uranium project - promising exploration targets were identified that the company intends to expand further as soon as possible. The other four projects also contain uranium targets, some of which have already been investigated and some of which have not yet been explored. It can be assumed that the ongoing analysis and integration of technical data will lead to a more precise determination of the drilling targets. Zadar is considering setting up joint ventures for some of the projects in its portfolio as soon as the current data analysis has been completed.
In addition, 2013 acquired all concession rights to three (3) uranium projects in a strategically favorable location (28.376 hectares), which are also located in the Athabasca Basin:
• Uranium project PNE
• BullRun B, C & E uranium project
• Uranium project Upper Poulton
The PNE and BullRun B, C & E projects are located in the rapidly growing Patterson Lake South mining region in the southwestern part of the Athabasca Basin. Zadar carried out a number of geophysical, geochemical and geological surveys and assessments in the uranium project PNE in the past season. The PNE Project is located in a large, northeast trending, low gravity structural corridor that also includes the former Cluff Lake uranium mine, Shea Creek uranium deposits and the high-grade uranium mineralization recently discovered on the Patterson Lake South Project. The PNE Project shares a border with the Patterson Lake North Project (Fission Uranium Corp. (50%) - Azincourt Uranium Inc. (50%)). An approximately 8 km long underground leading trend was recently discovered here right next to the PNE project. In the same press release (October 8, 2013), Fission Uranium, operator of the Patterson Lake North Project, announced plans to invest $ 1,5 million in exploration. Among other things, it is intended to finance a winter drilling of 2014 - 2.500 meters in 3.000. This extremely positive development strengthens Zadar's assumption that the PNE project has the best chance of discovering a uranium deposit that is embedded in a discordance or in the existing bedrock and located not far from the surface. The basis for this is provided by lithology, structure, alterations and historical samples from rock material. Claims BullRun B, C and E are located in a geologically favorable location on a strike length with electromagnetic guidance systems, along large faults or fault zones (which are crossed by smaller faults). Their distance from known uranium mineralization is between a few kilometers and a few tens of kilometers.
The Upper Poulton Lake project is located in the eastern part of the Athabasca Basin, about 21 km southeast of the Cigar Lake uranium mine. Earlier exploration activities in this area (conducted by Cameco and others) identified a series of northeast trending ladders just below the surface that coincided with the Bird Lake fault. The company is excited about the target zones as the higher grade and larger deposits at McArthur River, Cigar Lake and Key Lake are directly linked to graphite ladders. Initial drilling by Cameco near Upper Poulton Lake provided evidence that hydrothermal alteration and a large, 2.5 km wide illit, U and Pb-enriched rockline partially overlapped the track of the fault and part of an adjacent zone of high magnetic field values.
Along with the acquisition of the previous Triex projects, the company has been able to expand its leadership team with two renowned experts in the uranium exploration and development industry: Jeremy S. Brett M.Sc., P.Geo. (Adviser to the Board) supports the team of Zadar with its technical and geophysical know-how (and leads the ongoing data collection and analysis); Paul D. Gray, P.Geo. (President) is also a great addition to the board with his practical experience in uranium exploration and development.
In December 2013 and January 2014 Zadar provided funding for 2,093 million $. The first tranche consists of 933.000 $ in debt, the other 1,16 million $ will be raised in the form of a GRIT placement. The placement will allow the Company to continue to focus on exploring and exploring the drill targets identified in the company's high-quality uranium projects in the Athabasca Basin.
Zadar Ventures Ltd. is a junior exploration company focused on the acquisition and exploration of economically viable mineral resources. For more information, visit the company's website at www.zadarventures.com.
Kieran Downes, P., has reviewed and acknowledged the technical information contained in this notification in his capacity as a Qualified Person under National Instrument 43-101.
FOR THE BOARD OF DIRECTORS:
Paul D. Gray, P. Geo.
President
The TSX Venture Exchange and its regulators (referred to in the Articles of Association of the TSX Venture Exchange as Regulation Services Providers) accept no responsibility for the adequacy or accuracy of this announcement. This press release may contain certain "forward-looking information." All statements in this press release that are not based on historical facts are forward-looking information and involve various risks and uncertainties. There can be no assurance that such information will prove to be true. Actual results and future events may differ materially from those anticipated in such information. A description of the assumptions on which the forward-looking information is based and a description of the risk factors that could cause actual results or events to differ materially from the forward-looking information can be found on the SEDAR (www.sedar.com) published documents. The Company does not intend to update any forward-looking information except as required by applicable securities laws.
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Source: IRW-Press.com.
