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Far Resources Ltd.
Summary
| Project: | Zoro | |
|---|---|---|
| Deposit: | Zoro | |
| Location: | Canada | |
| Commodities: | Lithium-Tantalum | |
| Date: | 9/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-9-2018: Far Resources Ltd. announces an Exploration/Drilling Update report for its Zoro deposit at the Zoro project. Technical report summarizing current and historic exploration on the property. This Technical Report was prepared to support ongoing exp | |
| Resources: | (Resource, Inf.): 1.074Mt @ 0.91% Li2O, 182ppm Be, 198ppm Cs, 1212ppm Rb, 43ppm Ta | |
| CP/QP: | [Resources]: Scott Zelligan (Independent) | |
| ABSTRACT: | This Technical Report was prepared to support ongoing exploration and development by the current property owner Far Resources Ltd. Its main objective is to provide an updated review of historic and recently discovered lithium-cesium-tantalum-bearing pegmatite dykes on the property based on exploration to date and to utilize the related geoscientific database to demonstrate sufficient technical merit to continue the assessment of known pegmatite dykes and to explore for repetitions of this style of mineralization. The Zoro property consists of 16 claims with a total of 3603 hectares. The Zoro1 claim is wholly owned by Far Resources and 15 claims have been optioned from the property vendor Strider Resources Limited. To earn a 100% interest in the property free and clear of all liens, charges, royalties (save and except for the NSR contemplated herein) and claims of others Far Resources must satisfy the following conditions Spodumene mineralization on the property occurs within laterally and vertically extensive pegmatite dykes hosted within andesitic volcanic rocks and intermediate to felsic sedimentary rocks. Abundant overburden cover characterizes much of the property. Geophysically the pegmatite dykes do not have a recognizable geophysical signature. Based on current exploration results a base case inferred resource for Dyke 1 on the property has been determined. The reporting cut-off is 0.3 percent Li2O. Dyke 1 contains 1,074,567 tonnes at 0.91% Li2O, 182 ppm Be, 198 ppm Cs, 51 ppm Ga, 1212 Rb, and 43 ppm Ta. The full sensitivity analysis of tonnage and grade is summarized below in Table 1, based on various Li2O cut-off percentages, is summarized below in Table 1.1 based on Li2O cut-off percentages. Recommendations for ongoing exploration are included. | |
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