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Far Resources Ltd.
Summary
| Project: | Zoro | |
|---|---|---|
| Deposit: | Dyke 1 | |
| Location: | Canada | |
| Commodities: | Lithium-Tantalum-Niobium | |
| Date: | 11/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-11-2017: Far Resources Ltd. announces an Exploration/Drilling Update report for its Dyke 1 deposit at the Zoro project. Drilling results incl. 20.6m @ 1.43% Li2O, 60ppm Ta, 142 ppm Nb. November 29, 2017 – Vancouver, BC: Far Resources Ltd (CSE:FAT) (FSE | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Fedikow (Not stated) | |
| ABSTRACT: | November 29, 2017 – Vancouver, BC: Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTCPK:FRRSF) (www.farresources.com) (“Far Resources” or the “Company”) is pleased to announce it has received final assay results from Activation Laboratories for drill core samples from its recently completed drill program (see news release dated September 21, 2017) and is preparing for a winter drill program. This news release presents results for drill core assays from holes drilled in areas of Dyke 1 where no previous modern drilling had taken place. The Zoro Lithium Property is located close to the historic mining centre of Snow Lake in mining friendly Manitoba. High Grade Drill Core Results A total of 207 drill core samples were shipped to Activation Laboratories (Ancaster, Ontario) for multielement assay using ACTLABS package UT-7. Weighted averages calculated for each pegmatite drill intersection for lithium, tantalum and niobium are presented in Table 1. Multiple narrow intersections of lithium are present in all five drill holes. Wider intervals with elevated Li2O include 1.43% Li2O over 20.6 metres in DDH FAR17-18 and 1.15% Li2O over 12.4 metres in DDHFAR17- 19. Higher grade intervals are present within DDH FAR17-18 and include 2.19% Li2O over 4 m and 3.12% Li2O over 1 m. Tantalum and niobium range between 32 and 152 ppm and 88 and 408 ppm, respectively. A recent high-grade drill intercept of tantalum (0.117 % Ta2O5 or 927 ppm tantalum; see November 1, 2017 news release) accompanied by elevated tantalum and niobium in samples of drill core, outcrop and Far Resources Ltd. 201-2691 Viscount Way Richmond, BC V6V 2R5 soils has intrigued the company. At this point in the exploration of the Zoro property the significance of elevated tantalum and niobium is unknown but will be closely assessed as exploration proceeds. | |
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