by Greg Klein | November 1, 2016
With a Phase I program of 1,200 metres about to begin, Far Resources CSE:FAT hopes to confirm historic results at its Zoro lithium project in central Manitoba’s Snow Lake camp. Primary focus will be pegmatite dyke #1, one of the property’s at least seven spodumene-bearing dykes, the company stated.
Far Resources optioned an initial 515 hectares in April. In August the company signed another 100% option on adjacent and contiguous claims that expanded the property to about 3,000 hectares.
The initial acquisition includes the Principal dyke, which has an historic, non-43-101 estimate from 1956 of 1.8 million tonnes averaging 1.4% Li2O to a depth of 305 metres.
In July the company reported assays from the more recently acquired turf. With modern analytical techniques, new chip samples taken from historic trenches on three dykes surpassed historic results in most cases. The seven new assays ranged from 1.46% to 6.35% Li2O.
Zoro can be reached by a combination of paved highway and helicopter, or by boat, road and ATV. Hydro lines pass five kilometres south and rail another 25 kilometres.
Last month Far Resources offered a private placement of up to $200,000.