(TheNewswire)
Dec 7, 2017 / TheNewswire / Vancouver,
British Columbia. Zadar Ventures Ltd. (the “Company”) is pleased to announce that it has been notified
that it will be issued the permits announced in the MOU with a private Alberta Company to purchase up to 38,000 hectares
of land prospective for lithium bearing petrobrines in Manitoba by the end of this year. The company intends to complete the
purchase of the issued permits announced Feb 22, 2017 as soon as it receives necessary approvals.
Manitoba is a jurisdiction well-known for its oil production in the southeast section of the Province and
historic lithium production in east central Manitoba at the Tanco Mine at Bernic Lake, Manitoba.
Petrobrines are considered to be saline formational waters associated with petroleum production which could
potentially be utilized as feedstock for mineral extraction, including lithium (“Li”).
Production of Manitoba petroleum reservoirs has been consistent since the mid 1980’s and many of these oil
production reservoirs are either in direct contact with carbonates hosted within the Western Canadian Sedimentary
Basin, such as within the prolific Bakken Formation or are hosted within the actual carbonate lithologies, such as with the Three
Forks Formation oilfields. These sedimentary carbonate rocks are potential source rock for lithium brine
accumulation.
In almost all cases oil production wells in these areas produce petroleum that is intimately associated with
formational waters. This water is considered a waste bi-product of petroleum production, and typically rich in dissolved
mineral solids and of high salinity. These saline waters are, in normal course, disposed of by pumping the saline waters into
other, usually deeper, sedimentary formations. As the production well nears its end of life, it is the cost of this water
disposal that usually causes the well to be uneconomic to further produce. A normal well could produce 2000m
3 water per month, all of which could contain an elevated number of dissolved solids.
The determination of the lithium content of these saline waters within the producing petroleum fields is the
next step in lithium exploration as these waters are being brought to the surface and handled on a regular basis. The
potential to process these waters and extract any lithium is the target of petrobrine lithium exploration.
Lithium occurs naturally in granitic pegmatites and has historically been exploited in east central Manitoba
from such sources. Original deposits underwent erosion, releasing Li + ions, and it is these
lithium ions that would have entered the ground water system and potentially charged vast ground water reservoirs with elevated Li.
During the Devonian period, carbonate rocks were forming in this part of modern day Manitoba and, due to lithium’s affinity
for carbonate, Lithium Carbonate (Li 2 CO 3 ) would have formed. Because
of lithium’s partial solubility at standard atmospheric temperatures and pressures, the lithium would have not likely migrated over
great distances. The Western Canadian Sedimentary Basin’s edge can be found in eastern Manitoba and it has been demonstrated
that meteoric water recharges the Basin by underground migration in an east to west direction. The natural lithium deposits
can be found just east of this Basinal edge and it is possible undiscovered lithium deposits lie buried west of the Basinal edge.
It is this unique situation within east central Manitoba, proximal to the edge of the Western Sedimentary Basin that could
potentially afford lithium groundwater interactions with the carbonate deposits of Western Manitoba.
Zadar will pay $50,000 cash and one million shares on TSXV approval and $100,000 cash and one million shares on
the first and second anniversary dates of this agreement.
Zadar Ventures Ltd. is a Resource Company focused on the acquisition and exploration of economically viable
green energy resources in jurisdictions favorable to mining and industry. For more information we invite you to visit the company’s
website at www.zadarventures.com
This news release has been reviewed and approved by Mr. Paul D. Gray, P
. Geo . , who is the C ompany's qualified person as defined
by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul D. Gray, P. Geo.
President & CEO
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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