Thursday 21st September 2017

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Far Resources samples more high-grade lithium, prepares to drill Manitoba project

by Greg Klein | September 8, 2017

Encouraging assays have Far Resources CSE:FAT preparing to drill its Zoro lithium property in northern Manitoba’s Snow Lake mining camp. Of 17 samples recently collected from historic trenches and pits on pegmatite dykes 5 to 7, results graded between 1.02% and 3.87% Li2O for dyke 5, with a maximum of 2.59% for dyke 7. Previous samples ranged from 1.46% to 6.35% for dyke 5 and 1.35% to 2.91% for dyke 7.

Far Resources samples more high-grade lithium, prepares to drill Manitoba project

While waiting on additional rock sample assays, Far Resources
will conduct soil sampling prior to a planned drill program.

The company confirmed the presence of a dyke swarm on the property in July. Now Far Resources announces an additional pegmatite dyke in the vicinity of dykes 2 to 4. Sixty samples have been collected for assays. In May the company reported chip sample grades of 2.71% and 3.53% Li2O for dyke 2 and 2.41% for dyke 4.

Two soil sampling crews have been sent to Zoro to help identify drill targets. The company intends to apply for a permit for 700 metres on dyke 1, which hasn’t undergone modern drilling.

Having closed its acquisition of the Winston gold project in New Mexico last June, Far Resources is considering spinning the property out to a new company.

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