In late 2013, Far Resources conducted a site visit to the Winston Project, where they visited the Little Granite Mine area. Three composite samples were collected from piles of quartz dump material near the mouth of the decline, which were reportedly excavated in the early 1980’s.
Two of these samples, representing the main style of quartz present in the mine, 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. The material of the two samples shows classic boiling textures and is considered to be the material from the upper part of a well-developed epithermal system. The third composite sample found on one of the dumps, containing fine grained grey “cherty” quartz material, returned values of 1,439 g/t Ag and 25.2 g/t Au. The results from the third sample supports the historic reports confirming the presence of “bonanza-grade” shoots within the mine’s main vein system.
Two additional samples of the exposed quartz vein were taken from the walls of a collapsed stope immediately north of the main shaft, returning values of 226 g/t Ag and 2.2 g/t Au, and 24 g/t Ag and 0.3 g/t Au. However, both of these samples may have experienced surface leaching effects.
All of the samples were collected by Lindsay Bottomer, P.Geo., who transported and delivered them to Acme Analytical Laboratories in Vancouver, where fire assay methods were used to analyze them. Acme, who has been in business for over 30 years, is a NATA- certified laboratory. Mr. Bottomer, a Qualifed Person as defined by National Instrument 43-101 of the Canadian Securities Administrators, has approved this technical disclosure.
The Ivanhoe -Emporia mines are past-producers of gold and silver and has a decline of 384 feet deep. These mines could have a large tonnage of lower grade, stockwork veins that surround previously mined high-grade veins. Soil geochemistry and geophysical anomalies have been defined for follow-up at a later funding phase.