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Far Resources (CSE:FAT) Released Results from Recent Drill Program at Zoro Lithium Property

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The Zoro Lithium Project, located in the Snow Lake area of Manitoba, covers a number of known lithium pegmatite occurrences.

Additional Information:

Company: FAR Resources
Website: http://www.farresources.com
Stock Symbol: CSE: FAT
Date Published: Oct 12, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Far Resources released results from its recent drill program at its Zoro Lithium Property.

The Zoro Lithium Project, located in the Snow Lake area of Manitoba, covers a number of known lithium pegmatite occurrences.

An aggregate length of 710 metres of NQ core was drilled to assess areas of Dyke 1 where no modern drilling had been previously undertaken.

The general characteristics of the individual drill holes are shown in this table.

Light green spodumene typical of this mineral in Dyke 1 was intersected in drill intercepts of 40.5 metres, 39.8 metres, 23 metres, 19.8 metres and 7.5 metres.

A total of 207 spodumene-bearing core samples have been sawn from the core and prepared for shipping for lithium and related element assays, which will be reported when complete.

The company has received a preliminary analytical report of assay results from 60 rock samples collected at Dykes 2, 3 and 4, and will release results upon receipt of the final analytical results.

In addition, 410 soil samples from a recent field program are being analyzed using Mobile Metal Ions Technology.

These samples were collected from overburden-covered areas north and south along trend of all the known dykes, in areas that are interpreted to be highly prospective for additional spodumene-bearing pegmatite.

Keith Anderson, President & CEO, stated: “The intersection of significant widths of spodumene in the Dyke 1 pegmatite underscores the persistent nature of lithium mineralization in all segments of this pegmatite dyke. A more complete understanding of the distribution of lithium mineralization in Dyke 1 will be possible upon receipt of assay results from this phase of drilling and the re-calibration of our 3-dimensional model. The assessment of Dykes 2, 3 and 4 based on the ongoing integration of historic drill data with recent field mapping and assay results will give us the opportunity to model these dykes in 3-dimensions thereby providing well constrained drill targets. We are eagerly pushing forward with our exploration program; the more quality, purposeful geoscientific data that we gather, the more momentum we gain. We have a plan and we have the funds so we are striving to move Zoro ahead every single day.”

The company has a second property, the Winston Project in New Mexico, a historic mining property with potential for silver and gold.

The shares are trading at $0.28, and with 86.7 million shares currently outstanding, the company is capitalized at $24.3 million.

For more information, please visit www.farresources.com, contact Keith Anderson, President & CEO, at 604-805-5035 or email keith@farresources.com.

I’m Samantha Deutscher for Investmentpitch Media