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Gold Property: Little Granite Mine

Little Granite Mine

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Little Granite Mine

The Little Granite Mine is a high grade, past-producing underground silver-gold mine. The last significant production is believed to have been in the 1930s. More recently, an exploration decline was driven for approx. 500 feet in the early 1980s, and a seven hole diamond drill program carried out in 1984. Further work was deferred due to the collapse of the silver price in the early 1980s.

The ore is hosted by a low-sulphidation epithermal quartz vein which outcrops at surface over widths of 1 – 2 feet, but reportedly widens to 6 – 12 feet at 250 feet depth. Bonanza grade silver ore shoots were reported in old mine records, and local very high grade values (>1kg/t silver) were returned from check assay samples collected by Far.

The style of mineralisation is similar to mines such as Sleeper and Midas in Nevada and the Fruta del Norte discovery in Ecuador. The vein has been traced for over 600 feet along strike both from drilling and underground work, and is open along strike and at depth. Far plans a Phase 1 drill program to confirm the validity of the reported 1984 drill results, with a more extensive Phase 2 program to follow given success in the Phase 1 work.

Exploration Plan:

Phase 1 – $350,000

  • Diamond Drilling, to verify historic drilling results
  • Property Maintenance
  • Improved Road Access
  • Field Sampling

Phase 2 – $600,000

  • Ground Geophysics
  • Data Analysis, Research
  • Geo Re-Interpretation
  • Diamond Drilling
     

Historical Drill Results:

In 1984 Anglo Asian Minerals, a private US company, conducted a seven-hole diamond drilling program to test the vein over a strike length of approximately 120 metres.  The results are contained in a report authored by Christopher de Witt (the de Witt Report). The program and the de Witt Report were prepared before the implementation of NI 43-101.  

The work was not carried out under 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.

 

Far Resources Site Visit and Confirmatory Sampling:

In late 2013, Far Resources 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 1980’s.

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 though 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. Acme is a NATA- certified laboratory which has been in business for over 30 years. 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 disclosure on this website with respect to Little Granite.