Vancouver, British Columbia – Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“Far Resources” or the “Company”) is pleased to report that initial drilling has intersected wide zones of spodumene in Dyke 1 on their Zoro Lithium Property near Snow Lake Manitoba. The Company expects to drill a minimum of 2000 metres to test for the extension of high grade lithium below 200 metres in previously untested areas of Dyke 1. As drilling proceeds in Dyke 1, helicopter and drill pads are being prepared to provide access to additional high-grade lithium-bearing dykes on the property. Surface outcrop sampling by Far Resources’ field crews returned values of up to 6.35% Li2O in these dykes (see news releases dated October 26 and September 7, 2017). Assistance with the helicopter-assisted drill program is provided by Gogal Air Services. The drill contract was awarded to Westcore Drilling. Both companies are Manitoba corporations and based in Snow Lake.
Wide zones of spodumene-bearing pegmatite have already been intersected below 200 metres in Dyke 1 pegmatite, with the winter 2018 drill program at Zoro still in its early stages. Drill holes FAR18-PLN-020, FAR18-PLN-023 and FAR18-PLN-026 (See Figure 1) have intersected zones of coarse grained light green spodumene over 35 metres, 33 metres and 17 metres, respectively. This style of spodumene is a characteristic of Dyke 1 as documented from outcrop on the property and in intersections from the Company’s recent shallow drilling. The drill is currently being mobilized to adjacent high-grade dykes for drill testing.
Core will be logged, cut and sampled in Snow Lake, following which it will be shipped in batches to Activation Laboratories of Ancaster, Ontario, an ISO-certified laboratory. Assays will test the contents of the samples for lithium and a multi-element suite of metals. Results of these assays will be released upon receipt of the final lab reports.
Keith Anderson, President and CEO, commented, “These initial wide intercepts of spodumene mineralization in deeper levels of Dyke 1 at Zoro are providing us with the confidence that high-grade lithium mineralization can be traced to depth from surface and shallow levels in the Dyke. We enthusiastically look forward to the rest of the drill results at Dyke 1 and equally so for those testing additional high-grade lithium dykes on the property where little to no historic diamond drilling has been undertaken.
The technical content of this news release has been reviewed and approved by Mark Fedikow P.Geo., a qualified person as defined under NI 43-101.
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