Zadar Ventures Ltd. entered into an option agreement with a private staking syndicate to purchase the 1,888-hectare East Boundary mineral claims in the Golden Triangle district in British Columbia.
Zadar has the option to purchase a 100% interest in the claims by issuing 3 million shares within 18 months and granting the sellers a 2% net smelter royalty.
The company said Sept. 5 that the acquisition is based on its proximity to Aben Resources Ltd.'s Forrest Kerr property. It further said government-published geological maps show copper and gold mineralization throughout the Golden Triangle district, and the company mobilized its own geological team to evaluate the property.
In January, Zadar entered into a memorandum of understanding to acquire the South Hector lithium project in Southern California from MDS Lithium LLC.