Far Resources Mobilizes Drill and Collars First Hole at its Zoro Lithium Property, Manitoba
September 21, 2017 – Vancouver, BC: Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“Far Resources” or the “Company”) is pleased to announce it has mobilized a drill to its Zoro Lithium Property in the Snow Lake area, Manitoba and coring is imminent.
Acting on the recent drill permit awarded by Manitoba’s Office of Sustainable Development, the Company has mobilized a drill to the site of their first hole in a 700 metre drill program. Gogal Air Services has helicoptered the drill to the area of Dyke 1 which is the target for this program. Commencement of drilling is planned for Wednesday September 20, 2017 with the arrival of Far Resources’ technical team on the ground.
Activation Laboratories of Ancaster, Ontario (“Actlab”) reports they have received the 60 rock samples collected during field operations at Dykes 2, 3 and 4. Sample preparation and analysis is set to begin immediately with analytical results to be reported in a news release upon receipt of Actlab’s final report.
A soil sampling program has just been completed at the Zoro Lithium Property and samples will be shipped to SGS Mineral Services (Vancouver, B.C.) for Mobile Metal Ions soil geochemical analysis. The survey will assess those areas on the property where outcrop is buried by glacial till and organic sediments.
Keith Anderson, Far Resources’ President and CEO notes “The arrival of the drill at Zoro marks the beginning of our ongoing program to assess Dyke 1. Samples collected from rock and soil surveys have now reached the laboratories and will provide additional information on the lithium prospectivity at Zoro. We are anxious to receive these new data as we progress towards further exploration and the assessment of lithium resources at Zoro”.
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.