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Far Resources Ltd.
Summary
| Project: | Zoro | |
|---|---|---|
| Deposit: | Dyke 1 | |
| Location: | Canada | |
| Commodities: | Lithium-Tantalum | |
| Date: | 7/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-7-2018: Far Resources Ltd. announces a Resource Estimation report for its Dyke 1 deposit at the Zoro project. Initial mineral resource estimate for Dyke 1. July 9, 2018 – Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“Far Res | |
| Resources: | (Resource, Inf.): 1.074Mt @ 0.91% Li2O, 182ppm Be, 198ppm Cs, 1212ppm Rb, 43ppm Ta | |
| CP/QP: | [Resources]: Scott Zelligan (Independent) | |
| ABSTRACT: | July 9, 2018 – Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“Far Resources” or the “Company”) is pleased to announce it has received the first ever resource estimate for Dyke 1 on its Zoro Lithium Property located in mining friendly Manitoba. Dyke 1 contains an inferred resource of 1,074,567 tonnes grading 0.91% Li2O, 182 ppm Be, 198 ppm Cs, 51 ppm Ga, 1212 ppm Rb, and 43 ppm Ta (at a cut-off of 0.3% Li2O). Dyke 1 is open at depth and to the north and south where additional exploration is ongoing. The estimate has an effective date of July 6, 2018, and was prepared by Scott Zelligan P. Geo., an independent resource geologist of Coldwater, Ontario. Dyke 1 is one of eight known spodumene-mineralized pegmatite dykes on the property. The remaining dykes are currently the object of ongoing exploration including drill-testing. Toby Mayo, President and CEO, commented, “This maiden resource, which covers part of Dyke 1, indicates that we have a substantial base on which to build. In addition to the other seven dykes that are not included in this resource, the Company has numerous untested geological and geochemical targets that we will follow up on during the next phases of exploration at Zoro. We look forward to developing those targets in the coming months.” The Zoro Property is located near Snow Lake, MB where exploration and development services and personnel are readily accessible and isin close proximity to an established infrastructure ofroads, power and rail lines. Manitoba is a favourable location for mining in terms of regulation, support and power cost, ranking as second most attractive jurisdiction for mining investment by the Fraser Institute in 2016. | |
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