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Far Resources Ltd.
Summary
| Project: | Zoro | |
|---|---|---|
| Deposit: | Zoro | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 1/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-1-2017: Far Resources Ltd. announces an Exploration/Drilling Update report for its Zoro deposit at the Zoro project. Drilling results incl. 23.39m @ 1.10% Li2O. January 9, 2017 – Vancouver, BC: Far Resources Ltd. (CSE:FAT) (FSE:F0R) www.farresources.com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Fedikow (Not stated) | |
| ABSTRACT: | January 9, 2017 – Vancouver, BC: Far Resources Ltd. (CSE:FAT) (FSE:F0R) www.farresources.com (“Far Resources” or the “Company”) is pleased to announce it has received assay results from its seven hole, 1140 metre drill program on the Zoro lithium property in Manitoba. The focus of this initial drill program was to verify historic drilling on Dyke #1, one of seven known lithium-bearing dykes on the Zoro property. Assays were carried out by Activation Laboratories of Ancaster, Ontario, an ISO-Certified laboratory. Each of seven drill holes intersected lithium-bearing pegmatite mineralization over intervals of up to 28 m. These intercepts compare favorably with historic data reported by Green Bay Uranium Ltd. in 1956. The main lithium-bearing mineral present in all holes is coarse-grained spodumene. Results from the initial seven holes are presented in Table 1 below. Based on these initial results, it appears that lithium grades and pegmatite widths are strongest in the northwest portions of Dyke #1, as shown by the wide, high grade intersection in DDH 16-7. Further exploration including additional drilling will focus in this area of the dyke. At the south end, DDH 16-1 intersected multiple thin pegmatite intervals, possibly due to faulting. Far Resources consultants will be meeting in Vancouver during the Cordilleran Roundup to plan ongoing exploration and drill programs on the Zoro lithium property. Upcoming exploration will include assessment of an additional six spodumene-bearing dykes on ground recently optioned from Strider Resources (see news release August 10, 2016 and Table 2). A crew is immediately being mobilized to undertake a field assessment of these dykes. | |
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