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Far Resources Ltd.
Summary
| Project: | Zoro | |
|---|---|---|
| Deposit: | Dyke 8 | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 7/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-7-2019: Far Resources Ltd. announces an Exploration/Drilling Update report for its Dyke 8 deposit at the Zoro project. Drilling results incl. 8.5m @ 0.91% Li2O from 42.2m. VANCOUVER, CANADA – Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Fedikow (Not stated) | |
| ABSTRACT: | VANCOUVER, CANADA – Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) is pleased to announce that it has received and processed assay results from the fifth drilling programme at its 100% owned Zoro Lithium Project, near Snow Lake, Manitoba. Five new pegmatite dykes have been identified during this campaign, bringing the total number to thirteen, and Far’s systematic exploration now confirms extent of the Zoro dyke field over an area of at least 1,000 hectares. This represents only one third of the 3,005 ha Zoro property, showing the potential for extensive growth in the existing resource base. Drilling has also extended the limits of high-grade lithium-bearing pegmatite at Dyke 8, which has now been intersected by six holes from two drilling campaigns. A total of 3,054 metres of drilling was completed in 22 holes during this exploration campaign, including holes drilled for metallurgy on the Dyke 1 pegmatite. Dyke 8 (D8) has been intersected by six holes for a total of 682.5 m in two drill programmes. It has now been defined over a strike length of 85 m, with down dip intersections of 100 m and true thickness of up to 15 m. D8 remains open in all directions, with unlimited potential indicated by the drill results to date. Table 1 summarises the assay results for D8. The five new dykes with drill intercepts of between 0.6 m and 13.4 m were discovered by targeting modest single and multi-sample Mobile Metal Ion soil geochemical lithium anomalies in the northern portion of the Zoro property. Although the newly discovered dykes have low abundances of spodumene and accordingly low Li2O assay results, the expansion of the pegmatite field both north and south of the previously known pegmatites is encouraging and shows the potential for significant resource growth. | |
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