Winston Gold Project

FAR Resources’ mission is to locate overlooked opportunities within historic high-grade mining camps in North America and unlock their potential using modern exploration techniques and enhanced geologic understanding.

Our experienced Management Team is continually seeking such opportunities in stable mining jurisdictions with established infrastructure.

The Black Range forms the western boundary of Sierra County in SW New Mexico. The regional centre is the town of Truth or Consequences (formerly Hot Springs) located approximately 30 miles SE of the Company’s projects.

From 1880 to 1893 (when the USA left the silver standard), the Black Range was a major silver mining camp with ore sourced from many small, high grade oxidised deposits. Mining was largely by hand, with the ore being packed out to the Socorro smelter approx. 100 miles away. Only the highest grade material was economic to mine under these circumstances. The camp experienced a brief revival in the 1930s and again in the early 1980s, both times due to improved prices for gold and silver.

The deposits consist of precious metal veins hosted in Tertiary volcanic rocks, and polymetallic replacement deposits hosted in limestone. The Company’s properties are of the former type, and typical of epithermal veins elsewhere in the North American Cordillera.

Little Granite Mine

The Little Granite Mine is a past-producing high grade silver(-gold) mine hosted in Tertiary volcanics. It features a low sulphidation epithermal quartz vein – similar to Midas in Nevada and Fruta del Norte in Ecuador.The main vein has been traced for over 200 metres by past drilling and underground workings, and remains open along strike to both the north and south, and at depth. Historically reported high grade values confirmed in limited resampling by Far Resources in late 2013. Historic reports suggest vein widens to approx 3m (10ft) at depth. Currently, there is a $300,000 Phase 1 diamond drill program planned to verify historic drill results.

Ivanhoe – Emporia Mines

The Ivanhoe – Emporia is a past producing gold-silver mine. It’s main shaft to 384 feet depth with a 370ft decline. Potential for large tonnage of lower grade, stockwork veins surrounding high grade veins mined the past. Soil geochemistry and geophysical anomalies defined for follow-up when funds available.

Exploration Plan

FAR Resources has recently (August 2020) added Lindsay Bottomer, P.Geo to it’s board of directors as we ramp up for exploration of the Winston Property.PHASE ONE of exploration will include geological mapping, rock and soil geochemical sampling, ground geophysics and a LiDAR survey.PHASE TWO of exploration will including diamond drilling.

Hole
Est. True  Width
Au (g/T)
Ag (g/T)

LG-1

9.6 ft

1.7

4.25

LG-2

10.3 ft

35.72

22.96

LG-3

9.0 ft

66.62

35.72

LG-4*

11.6 ft

0.56 – 1.42

12.47 – 141.46

LG-5

5.8 ft

27.78

18.42

LG-6**

11.8 ft

0.57-7.98

5.7-226.23

LG-7***

9.3 ft

0.57-16.44

<0.57 - 2.84

*Range of 2 assay results, assumed duplicate assay.

**Range of 4 sequential assays over 11.8 ft vein width.

***Range 3 sequential assays over 9.3 ft vein width..

Note: All Weights Are In Grams Per Tonne

Historical Drill Results

In 1984, Anglo Asian Minerals, a private US company, carried out a seven hole diamond drilling program to test the Little Granite vein over a strike length of approximately 120 metres. The results of this program are contained in a report authored by Christopher de Witt (the de Witt report). This program and the de Witt report were prepared prior to the implementation of NI 43-101. The work was not carried out under the supervision of a Qualified Person. The assaying, sampling, and QA/QC protocols are unknown, and therefore cannot be relied upon. These results are presented as historical information only.

FAR Site Visit & Confirmatory Sampling

In late 2013, the Company conducted a site visit to the Winston Project, including the Little Granite Mine area. Three composite samples were collected from piles of quartz dump material near the mouth of the decline reportedly excavated in the early 1980s.Two of these samples, representative of the main style of quartz present, returned values of 179 g/t Ag and 2.9 g/t Au and 170 g/t Ag and 6.7 g/t Au respectively. This material shows classic boiling textures and is thought to represent material from the upper part of a well-developed epithermal system. A third composite sample of fine grained grey “cherty” quartz material found on one of the dumps returned values of 1,439 g/t Ag and 25.2 g/t Au. The latter result supports historic reports of “bonanza-grade” shoots being present within the main vein system mined.

Two further samples of quartz vein material exposed in the walls of a collapsed stope immediately north of the main shaft returned values of 226 g/t Ag and 2.2 g/t Au and 24 g/t Ag and 0.3 g/t Au. Both of these samples may have been subject to surface leaching effects.

All of the above samples were collected by Lindsay Bottomer, P.Geo., who transported and delivered them to Acme Analytical Laboratories in Vancouver, where they were analysed by fire assay methods. Acme is a NATA-certified laboratory which has been in business for over 30 years. Mr. Bottomer, P.Geo., is a Qualified Person as defined in National Instrument 43-101 of the Canadian Securities Administrators, and has approved the technical disclosure in this brochure with respect to Little Granite.

Copyright FAR Resources Ltd. 2020