Far Resources Reports High Grade Assays from Dyke Swarm on its Zoro Lithium Property
August 29, 2017 – Vancouver, BC: Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“Far Resources” or the “Company”) is pleased to report that it has received high grade assays from the pegmatite dyke swarm in the area of Dykes 5, 6 and 7 on its Zoro Lithium Property near Snow Lake, Manitoba (the “Dyke Swarm”). Preliminary assay results for 17 rock samples collected from trenches and pits in the Dyke Swarm have been received from Activation Laboratories (Ancaster, Ontario). These samples were collected by the Company’s field crew during a recently completed trip to the property.
The sampling program was initiated subsequent to the identification of a spodumene bearing dyke swarm in the area of Dykes 5, 6, and 7. Historic trenches and pits blasted into these dykes were sampled to assess their lithium and related metal contents.
In a previous field trip, the Company collected and analyzed samples from Dykes 5 and 7 documenting Li2O contents that ranged from 1.46-6.35% in Dyke 5 and 1.35-2.91% in Dyke 7. Subsequent to the discovery of additional dykes in this area all trenches and pits blasted into outcrop between Dykes 5 and 7 were sampled. Results document high grade lithium throughout Dyke 5 that range from 1.02% to 3.87% Li2O. Localized high grade lithium from Dyke 7 attains maximum Li2O of 2.59%.
These results confirm the presence of high grade lithium assays in association with the Dyke Swarm in the area of dykes 5 and 7. Outcrop exposures of Dyke 6 will be sampled using a rock saw.
Keith Anderson, Far Resources President and CEO stated: “Our field program at the Zoro lithium Property continues to provide excellent assay results from the recently documented Dyke Swarm in the Dyke 5, 6 and 7 area. We look forward to the results of trench, pit and outcrop sampling in the area of historic Dykes 1, 2, 3 and 4 where the possibility of another dyke swarm exists and where our field crew is currently working.”
About the Company
Far Resources Ltd. is an exploration company, publicly traded on the Canadian Securities Exchange under the symbol FAT, focused on the identification and development of high potential mineral opportunities in stable jurisdictions. Far Resources may acquire or option properties of merit to meet its ongoing goal to locate, advance and unlock the potential of these mineral opportunities. Far Resources currently has two mineral projects in place. The Zoro Lithium project covers a number of known lithium pegmatite occurrences and is located near Snow Lake, MB. Manitoba has been ranked as the world’s second best jurisdiction for mining investment by the Fraser Institute. The second project is the Winston project in New Mexico, USA, another historic mining property with potential for silver and gold; New Mexico is also listed by the Fraser Institute, ranking in the top 25 mining jurisdictions in the world. Please visit our updated website at www.farresources.com for full details on our current projects. Far Resources has optioned its wholly owned Tchentlo Lake Property in British Columbia, Canada to Alchemist Mining Inc.
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.
ON BEHALF OF THE BOARD OF DIRECTORS OF
FAR RESOURCES LTD.
Keith C. Anderson, President
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.
This news release contains forward-looking statements, which relate to future events or future performance 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.
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