Far Resources is currently exploring and developing the Zoro Lithium project in the Snow Lake region of Manitoba. Zoro includes eight identified pegmatite dykes.
Prospecting and sampling programs conducted in 2016 confirmed the presence of lithium in the spodumene bearing pegmatites. Four drill programs have been completed to date, delivering high-grade lithium assays from all drill holes. In 2017, Far Resources expanded their property holdings around the Zoro claim, optioning 2200 ha of contiguous land.
Far Resources further assessed the amount of high-grade lithium spodumene in Dyke 1 through a winter drill program, reaching the dyke’s deeper levels (>150). Additionally, the winter drill program was designed to expand to Dykes 5 and 7, to test historic results and recent assay results from trench and outcrop sampling of both dykes.
Far Resources Zoro Lithium project hosts eight identified pegmatite dykes with high grade lithium found in six dykes to date. The company has completed three drill programs on Dyke 1 delivering high-grade lithium assays from all drill holes.
Phase three drilling on Dyke 1 produced higher grade intervals including 2.19% Li2O over 4 m and 3.12% Li2O over 1 m. Drilling expanded the dimensions of Dyke 1 and confirmed width and grades comparable to other more advanced lithium deposits.
The 2018 winter drill program assessed deeper levels (>150 m) of Dyke 1 to extend the amount of known high-grade lithium spodumene as well as to test recent high grade assay results from trench and outcrop sampling at Dykes 5 and 7.
A recent high-grade drill intercept of tantalum accompanied elevated tantalum and niobium in samples of drill core, outcrop and soils.
The energy storage revolution is generating high demand for lithium with some analysts forecasting exponential increases in demand over the next few years. Battery giants are scaling up lithium-ion production with planned mega factories and some are acquiring raw materials through long-term offtake agreements. Companies already producing lithium are attempting to increase production. However, the majority of current production (both brine and hard-rock operations) are capacity constrained with geopolitical risk affecting some of the world’s major production areas.
July 10, 2018 – Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“Far Resources” or the “Company”) is pleased to announce the discovery of a large 1.5 km long and up to 100 m wide Mobile Metal Ions (MMI) soil geochemical anomaly for lithium. The lithium…
July 9, 2018 – Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“Far Resources” or the “Company”) is pleased to announce it has received the first ever resource estimate for Dyke 1 on its Zoro Lithium Property located in mining friendly Manitoba. Dyke 1 contains an…
June 27, 2018 – Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“Far Resources” or the “Company”) is pleased to announce it has successfully completed a ten hole, 1,079 m drill program at its 1,849 hectare high-grade Hidden Lake Lithium Project near Yellowknife, NWT, with spodumene…