LITTLE GRANITE MINE
The Little Granite Mine is a past-producing, high-grade silver-gold mine located in the Black Range Mining District of western New Mexico. The mineralization is contained in epithermal quartz veins similar in style to the high-grade Sleeper and Midas Mines in Nevada and the newly discovered Fruta del Norte deposit in Ecuador.
The vein system has been traced for over 600 feet along strike by surface drilling and underground development. At the surface, widths are typically 1 – 2 feet, but reportedly widen to 6 – 12 feet at 250-foot depth. The deepest drill intersection to date (Hole LG-7) is approx 400 feet deep.
The vein zone remains open both along strike and at depth. Historic mine records reported local bonanza-grade ore in some of the ore shoots underground. Check sampling of dump material by Far Resources during their due diligence site visit in late 2013 confirmed the occurrence of local very high-grade silver (>1 kg/t) and gold (>25 g/t) values.
Far Resources is planning a Phase 1 diamond drilling program to confirm the 1984 drill results and better define the extent of the mineralized vein(s). Given the success of this drilling, a more extensive Phase 2 resource definition program will follow.
FAR RESOURCES CONFIRMATORY SAMPLING:
In late 2013, Far Resources conducted a site visit to the Winston Project, where they visited the Little Granite Mine area. Three composite samples were collected from piles of quartz dump material near the mouth of the decline, which were reportedly excavated in the early 1980’s.
Two of these samples, representing the main style of quartz present in the mine, 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. The material of the two samples shows classic boiling textures and is considered to be the material from the upper part of a well-developed epithermal system. The third composite sample found on one of the dumps, containing fine grained grey “cherty” quartz material, returned values of 1,439 g/t Ag and 25.2 g/t Au. The results from the third sample supports the historic reports confirming the presence of “bonanza-grade” shoots within the mine’s main vein system.
Two additional samples of the exposed quartz vein were taken from the walls of a collapsed stope immediately north of the main shaft, returning values of 226 g/t Ag and 2.2 g/t Au, and 24 g/t Ag and 0.3 g/t Au. However, both of these samples may have experienced surface leaching effects.
All of the samples were collected by Lindsay Bottomer, P.Geo., who transported and delivered them to Acme Analytical Laboratories in Vancouver, where fire assay methods were used to analyze them. Acme, who has been in business for over 30 years, is a NATA- certified laboratory. Mr. Bottomer, a Qualifed Person as defined by National Instrument 43-101 of the Canadian Securities Administrators, has approved this technical disclosure.
The Ivanhoe -Emporia mines are past-producers of gold and silver and has a decline of 384 feet deep. These mines could have a large tonnage of lower grade, stockwork veins that surround previously mined high-grade veins. Soil geochemistry and geophysical anomalies have been defined for follow-up at a later funding phase.
- Past producing gold-silver mine
- Main shaft to 384 feet depth
- 370ft decline
- Potential for large tonnage of lower grade, stock work veins surrounding high-grade veins mined in the past
- Soil geochemistry and geophysical anomalies defined for follow-up when funds available.