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FAR Resources is committed to locate overlooked opportunities within historic high-grade mining camps in North America and unlock their potential with our experienced management team who are continually seeking such opportunities in stable mining jurisdictions with established infrastructure.

Far Resources' Winston Group of Properties is a Gold and Silver Project on a newly expanded 2980-acre drill-ready property located in the Black Range of New Mexico. It's home to three historic mines, Ivanhoe, Emporia, and Little Granite. Each mine produced high-grade gold and silver during full-time operations over a century ago, underscored by Little Granite producing high value ore in some of its underground shoots. FAR Resources plans to advance our currently held assets in these burgeoning precious metals through computerization, modeling of historic exploration data, new exploration, and application of modern geophysical techniques.

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Dr. Michael Feinstein, CPG, QP, visited the Winston Project area three times between October and December of 2020. He conducted confirmatory sampling of the known historic mines, as well as prospecting away from the known occurrences. All samples were collected under the direct supervision of Dr. Michael Feinstein, and securely transported to the Tuscon laboratory of the ALS Global for analysis. His sampling confirmed the occurrence of high grade material at all three of the historic mines, but also in some locations away from these areas. These were deemed a great success and produced many high-grade samples including g 41.5 g/t Gold and 4610 g/t Silver on newly staked claims, which before no modern exploration efforts have systemically assessed the northern portion of the Chloride District.

FAR Resources expanded its footprint, increasing its property from 415 acres to 2980 acres and increased its claims to 150. Additional samples from these three mines returned peak values of 66.5 g/t gold and 2940 g/t silver from Little Granite, 26.8 g/t gold and 1670 g/t silver from Ivanhoe, and 46.1 g/t gold and 517 g/t silver from Emporia.

The style of gold-silver mineralisation in the region is known as epithermal, with the precious metal mineralisation being hosted by quartz and carbonate veins in altered volcanic rocks. This style on mineralisation is known world-wide and hosts some of the highest grade gold-silver mines, such as Hishikari in Japan, Fruta del Norte in Ecuador and Midas in Nevada. Locally, the mineralised veins are generally associated with north-south trending faulting. The overall controlling geological feature is known as the Rio Grande Rift, and extends into northern Mexico where it hosts to several past and present silver mines. The samples were released in February 2021. Reference table and samples below:

FAR Resources Investor Presentation 3 10 2021 Page 12

FAR Resources Investor Presentation 3 10 2021 Page 13a FAR Resources Investor Presentation 3 10 2021 Page 13b FAR Resources Investor Presentation 3 10 2021 Page 13c FAR Resources Investor Presentation 3 10 2021 Page 13d

The ultimate goal of the 2021 program is drill testing of multiple pargets on the property. The initial focus will likely be on the patented claims covering the historic Ivanhoe and Emporia minesites.

Preparatory work includes data compilation both of historic and recent work, along with acquisition of high resolution LiDAR satellite imagery to allow construction of an accurate terrane model. This will likely be followed by geophysical surveying using both electrical and magnetic methods. The results of these surveys, when combined with field geological observations will guide location of the initial drill targets.

Capture

  • Drill-ready targets on patented claims
  • Exceptional results from property-wide confirmatory sampling completed in late 2020 with grades of up to 66.5 g/t gold and 4619 g/t silver
  • Contiguous landholdings totaling approximately 150 claims covering almost 3000 acres.
  • Historic drilling in early 1980s suggests potential for high grade ore shoots within larger mineralised envelopes.
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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.

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.

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.

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.

 Hole  Est. True Width  Au (g/T)  Ag (g/T)
 LG-1 9.6ft  1.7   4.25
LG-2 10.3ft 35.72  22.96 
LG-3  9.0ft  66.62  35.72
LG-4* 11.6ft   0.56 - 1.42 12.47 - 141.46 
LG-5  5.8ft  27.78  18.42
LG-6**   11.8ft  0.57 - 7.98  5.7 - 226.23
LG-7***  9.3ft  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

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. 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 with respect to Little Granite.