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Winston Gold Project

Exceptionally High Grade Drill Ready Gold & Silver Assets

FAR RESOURCES LTD IS PLEASED TO REPORT THE COMMENCEMENT OF ITS OCTOBER 2020 EXPLORATION OF THE WINSTON LITTLE GRANITE EPITHERMAL VEIN SYSTEM LEAD BY LINDSAY BOTTOMER P.Geo & MICHEAL N. FEINSTEIN PhD.

VANCOUVER BC – FAR Resources Ltd (CSE: FAT, OTCPINK: FRRSF, Frankfurt: FOR) is pleased to announce it has made arrangements to mobilize a field crew to the Winston project in New Mexico in early October. The crew will evaluate the best options for access and logistical support of the planned Phase 1 program focused on the Little Granite Mine area. The Phase 1 program will consist of soil and rock geochemical sampling, geological mapping with particular focus on structural controls of the silver-gold mineralisation and possibly ground geophysics and terrain mapping using a drone.

The Little Granite Mine is a high grade epithermal silver-gold system which was last explored in the early 1980s. In addition to Little Granite, Far also controls the core claims covering the nearby Ivanhoe-Emporia Mines, which may represent an attractive bulk mineable gold target.

Michael Feinstein, PhD, CPG, of Mineoro Explorations LLC is pleased to be assisting Far Resources with their exploration campaign aimed at targeting the bonanza zone of the Little Granite Epithermal Vein System. Field activities will commence post-haste, existing data will be integrated with structure, alteration, and geochemistry in a 3D model. The host volcanic stratigraphy of the Gila and dominant structural control of the Rio Grande Rift provide excellent context for the emplacement of well-developed vein systems. 

Recent NI 43-101 Filing

FAR Resources Ltd (CSE: FAT) has filed it’s recent NI 43-101 report with SEDAR filings. This official document being released for public review is an important step forward for the company.

You can review the recent filing here:

Exceptionally High Grade Drill Ready Gold & Silver Assets

FAR Resources LTD. (CSE: FAT) is a small-cap, low-price mining exploration company.

The company holds mining rights to large, historically active claims covering multiple commodities – notably gold and silver, but also lithium and other commodity metals. 

These underlying assets are currently experiencing a fierce bull market. Every investor knows that gold and silver are stores of value. As fiat currencies like the Canadian and US Dollar devalue due to overproduction (which we’ve seen a lot of due to the recent global pandemic), gold and silver maintain their scarcity, retaining their value, and essentially skyrocket in price. 

A chart of gold's rise in 2020

Some analysts are even predicting a gold run to $15,000 USD (900% increase) per ounce and a silver run to $750 USD (2,700% increase) per ounce as soon as 2026. 

Little Granite, Ivanhoe, & Emporia Mines

The Little Granite Mine is a past-producing high grade silver and 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.

Mine
Expl Tgt Size
Gold G/T
Silver G/T

Emporia (>80 Channel Samples

74,500 to 200,000 tons

0.283 to 27.1

3.968 to 4799

Ivanhoe (>55 Channel Samples)

14,500 to 150,000 tons

0.226 to 47.62

0.26 to 1715

Little Granite (7 DDH + Vein & Dump Samp)

150,000 to 300,000 tons

0.141 to 323.7

<1.147 to 5179

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.

Transparent History & An Expert Board

This company has been transparent with the results of historical drilling and has attracted the attention of geologists such as Lindsay Bottomer, P.Geo and James Moors, P.Geo. Many board members are majority shareholders and are registered geologists who have reviewed the geology of the site and the chemical composition of nearby features and samples.Their findings have excited them enough to invest their own time, money, and names into the project.

Bottomer, P. Geo et al. have completed the most recent NI 43-101 filing (above on this page) outlining all of the current mineral resources on the claim – with many more under-explored areas that could potentially increase the value of the claim in coming days. The NI 43-101 document is written by a Qualified Person (QP) – this is an industry technical designation for a geoscientist that has materially confirmed the conditions of the claims in question, not an educated guess or biased assessment. 

A structure at the Little Granite Mine on the Winston property

Finally, the physical location of these claims offers an additional benefit to interested investors. All Winston Project claims reside in New Mexico northwest of Truth Or Consequences – a region rich in history from the late 1800’s western gold rush with first-class infrastructure, reducing future extraction costs. 

TO SUM FAR RESOURCES LTD. (CSE: FAT) AS AN INVESTMENT OPPORTUNITY:

  1. Historical drill intercepts suggest the claims contain remarkably high grade gold and silver ore
  2. So much so that geoscientists are investing their own time and money into exploration programs
  3. The claims exist in a region with excellent infrastructure that suggest the Winston Project will easily convert to a production mode. 
  4. The company plans to begin their exploration program as soon as October 2020

With just 131,540,368 shares outstanding and a market capitalization of only $10.6 million, FAR Resources Ltd. (CSE: FAT) appears to offer a reasonable risk/reward scenario; particularly as the exploration programs are still in their early stages.

Copyright FAR Resources Ltd. 2020