September 21st, 2020
VANCOUVER BC – FAR Resources Ltd (CSE: FAT) 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 provides excellent context for the emplacement of well-developed vein systems.
We are excited to apply ingenuity and modern technology to the exploration program as this project has not been significantly worked on since the 1980s. The precious metal content seen at Little Granite is very encouraging and New Mexico is under-explored and ripe for discovery.
For and on behalf of the Board
President and CEO
About Far Resources
Far Resources Ltd. is a Canadian battery and technology metals exploration and development company with lithium exploration projects in Canada and the USA. In Canada, Far is advancing its Zoro Lithium Project, located in the mining-friendly Snow Lake region of Manitoba. Zoro covers numerous known lithium pegmatite dykes and hosts the company’s 1.1 million tonne resource (0.93% Li2O at a 0.3% cutoff), plus an additional fifty targets. The company also holds a 60% stake in the Hidden Lake Lithium Project in Northwest Territories. In the USA, the company owns the Winston Project in New Mexico, a historic mining property with potential for bonanza-grade silver and gold.
More information is available at Far’s website: www.farresources.com.
John Gammack, President & CEO
FAR Resources, LTD.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Forward Looking Statements
This news release may contain forward-looking statements, which relate to future events or future performance, including planned exploration, and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.