Far Resources Second Drill Program Underway on Dyke 1, Zoro Lithium Property, Snow Lake, Manitoba
April 4, 2017 – Vancouver, BC: Far Resources Ltd (CSE:FAT) (FSE:F0R) www.farresources.com (“Far Resources” or the “Company”) is pleased to announce their drill rig has been mobilized to the Zoro Lithium Property with the assistance of Gogal Air Services of Snow Lake, Manitoba (“Gogal”). Gogal will also facilitate round the clock crew shift changes. Drill pad cutting was completed over the weekend and drilling has begun. Westcore Drilling of Salmo, British Columbia was selected to undertake the drilling. The Zoro Lithium Property is situated in the mining friendly jurisdiction of Manitoba, recently ranked as the second-best mining jurisdiction in the world by the Fraser Institute.
A total of 900 metres of NQ core drilling is planned for this second drill program as the Company continues to gather the required data to prepare a technical report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects that will more fully describe the Company’s lithium resource. The drill holes will also provide an ongoing assessment of the validity of historic drilling and assay results and a three-dimensional model of spodumene distribution in the Zoro1 pegmatite prepared by Orix Geoscience. Core will be logged, cut and sampled in Snow Lake, following which it will be shipped to Activation Laboratories of Ancaster, Ontario, an ISO certified laboratory, for the determination of lithium and a multi-element suite of metals.
Keith Anderson, President and CEO, commented, “With the drills turning on Dyke 1, our second drill program is underway. We are pleased to be moving forward with this part of our larger exploration program that includes building a resource at the Zoro1 pegmatite dyke and the assessment of at least 6 other high-grade lithium-bearing pegmatite dykes on the property. Using the same approach to our initial drill program, we confidently await our second round of drill results”.
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.
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. Please visit our updated website at www.farresources.com for full details. 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 has option agreements in place on the Zoro Lithium Property in Manitoba, Canada and the Winston Property in New Mexico, USA. Far Resources has optioned its wholly owned Tchentlo Lake Property in British Columbia, Canada to Alchemist Mining Inc.
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.