Far Resources Expands Drill Program and Awaits Rock Chip Assays from its Expanded Zoro1 Lithium Property, Snow Lake, Manitoba
July 19, 2016 – Vancouver, BC: Far Resources Ltd (CSE:FAT) (FSE:F0R) (“Far Resources” or the “Company”) is pleased to announced that it is planning to expand its drilling to include a drill program on its newly acquired lithium-bearing pegmatite dykes on properties adjacent to its Zoro1 claim in Snow Lake, Manitoba, acquired pursuant to the letter of understanding with Strider Resources Limited (“Strider Resources”) as described in its news release dated July 5, 2016.
Far Resources is planning a program of approximately 1200 metres to confirm some of the historic drill intercepts on the Zoro1 claim as well as testing selected targets on the adjacent Jake claims recently acquired from Strider Resources. The targets in all cases are spodumene-bearing pegmatite dykes.
Representative rock chip samples recently collected by the Company’s consultants from historic trenches exposing these dykes are being analysed by Activation Laboratories of Ancaster, Ontario, an ISO-Certified laboratory. These results will assist in selecting targets and planning the drill program. These assays will be presented in a subsequent news release.
The scientific and technical information regarding Far Resources’ lithium claims contained in this news release has been approved by Mark Fedikow, P.Geo., a consultant of Far Resources and a “qualified person” as defined in NI 43-101.
Frankfurt Stock Exchange Symbol
The Company also wishes to announce that it has been accepted and is now open for trading on the Frankfurt Stock Exchange. The Company will trade under the symbol F0R (F Zero R) and its identifying number, or WKN, is A2AH8W.
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.
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.