|Back to main|
Zadar Ventures Secures Option Agreement for Bull Run Uranium Project
5/10/2013 3:37:00 PM
By: MT Newswires
Zadar Ventures Ltd. (ZAD.V) announced that the TSX Venture Exchange has accepted for filing an Option Agreement between the company and an arm's length vendor, whereby the company can earn a 100% interest in the Bull Run uranium project, located in the prolific southwestern Athabasca Basin.
The Bull Run project comprises three claim groups totaling 9,185 hectares. All three properties are favorably located geologically; along major faults or fault zones, with intersecting smaller scale faults; and within several kilometres from known uranium zones.
The company will make cash payments totaling $265,000 and issue 550,000 shares
over a period of six years. In addition, there are property expenditures of no less than $50,000 on or before July 2015 and $100,000 on or before July 2016.