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Stepout drilling hits 1.2% Li2O over 38 metres at Far Resources’ Manitoba lithium project

by Greg Klein | May 30, 2017

Phase II drilling on Far Resources’ (CSE:FAT) Snow Lake-region Zoro property supports the continuity of lithium mineralization at depth, the company announced May 30. The seven-hole, 1,088-metre program on pegmatite Dyke #1 stepped out from last year’s Phase I campaign that found results comparing favourably with historic data. Phase II highlights show:

Hole FAR17-008

  • 1.1% Li2O over 2.4 metres, starting at 144.6 metres in downhole depth
Stepout drilling hits 1.2% over 38 metres at Far Resources’ Manitoba lithium project

FAR17-010

  • 1.2% over 38.3 metres, starting at 164 metres
  • (including 2.3% over 4.6 metres)
  • (and including 2.6% over 2.1 metres)
  • (and including 1.4% over 7.7 metres)

FAR17-011

  • 1.3% over 1.3 metres, starting at 46.7 metres

FAR17-012

  • 1.7% over 10.7 metres, starting at 104.3 metres
  • (including 4.1% over 107.3 metres)
  • (and including 2.1% over 5.1 metres)

FAR17-013

  • 1% over 1.7 metres, starting at 75.3 metres

True widths weren’t provided. Holes FAR17-009 and FAR17-014 showed pegmatite over 1.8 metres and eight metres respectively, but without significant assays.

Overall the results support a 3D model that’s now being updated to incorporate the new info. The standout intercept of 1.2% over 38 metres confirms “that Dyke #1 thickens at depth and continues to host high-grade lithium,” said president/CEO Keith Anderson. “Further exploration will be focused on expanding the mineralization both along strike and at depth of this impressive intersection.”

Field work beginning in June will examine six other dykes on contiguous optioned land as well as Dyke #1, before planning Phase III drilling. The accelerated 100% acquisition of Zoro 1 closed this month, as did an oversubscribed private placement of $315,000.

Far Resources also holds the Winston silver-gold property in New Mexico.

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