LITHIUM

ZORO LITHIUM PROJECT

SNOW LAKE DISTRICT MANITOBA

The Zoro Lithium Project is:

  • comprised of known lithium bearing pegmatites.
  • located in an area of pegmatite concentration that includes eight dykes.
  • similar to the Whabouchi region in Quebec which hosts several large deposits.

The Zoro Lithium Project has several advantages including:

  • an accessible location with ready access to support services.
  • an experienced and available labour pool.
  • a well-developed infrastructure network that includes roads, power and rail lines.
  • a favourable mining jurisdiction, ranked second by the Fraser Institute in 2016.
  • access to ports for easy transport.
  • a top notch exploration team and aprogram designed to find, define and grow lithium resources.

OVERVIEW

Far Resources, an exploration and development company, intends to be the leader in  the energy metals sector by defining a lithium resource at the  Zoro project located in the Snow Lake region of Manitoba.  The property hosts eight identified pegmatite dykes.

Work programs on the Zoro project began in 2016 with prospecting and sampling of the known dykes, confirming the lithium content of the spodumene bearing pegmatites.  In 2017, the Zoro project rapidly advanced due to the results yielded from continued drilling of Dyke 1. In 2018, a winter drill program led to the discovery of a previously unknown spodumene-bearing pegmatite dyke. The discovery was made during the 2,472-metre, 19-hole drill program. The discovery of this additional dyke was made during the drill-testing of a Mobile Metal Ions (MMI) soil geochemical anomaly and brought the total of known high-grade dykes on the Zoro Lithium Property to eight.

BUILDING A LAND PACKAGE AND RESOURCE BASE

Size is one of the keys to defining an economical lithium deposit.  Far Resources started with the Zoro 1 claim and added adjacent claims covering the other known dykes in the area, expanding the property from 0.5 square kilometres to 3.0 square kilometres, a 600% increase.

LITHIUM IN MANITOBA

Far Resource’s project is well situated in Manitoba with the potential for development. Manitoba is home to multiple rare metal deposits, including the world-class Tanco lithium-cesium-rare metal pegmatite at Bernic Lake. It has a supportive pro-business climate, mineral exploration assistance programs, and excellent access to geoscience and exploration data that will assist the company to advance its projects in the province.

Additionally, the province has stable and well-developed mining and transportation infrastructure. The hydro line to Snow Lake is 5 km south of the property and the small historic gold mining community of Herb Lake is located about 10 km southwest of the property. A railway line is located at Wekusko, approximately 20 km south of Herb Lake. Electricity rates in Manitoba are reasonably priced and comparable to Quebec and less than Ontario. The projects in Northern Quebec are hundreds of kilometres from the railhead at Chibougamau.  Manitoba’s infrastructure can lead to lower project development costs, lower threshold tonnage to support project development, and less time to reach this threshold.

TANTALUM & NIOBIUM:

INCREASING POTENTIAL VALUE OF THE ZORO PROPERTY

A recent high-grade drill intercept of tantalum (0.117 % Ta2O5 or 927 ppm tantalum; see November 1, 2017 news release) accompanied by elevated tantalum and niobium in samples of drill core, outcrop and soils has intrigued the company.  Currently, the significance of the elevated tantalum and niobium is unknown but it will be closely assessed as Far Resource’s exploration continues.

Tantalum is a rare, hard, blue-gray, corrosion-resistant metal that is widely used as a minor component in alloys. Tantulum is inert, making it a valuable substance for laboratory equipment and a substitute for platinum.

Tantalum exists alongside niobium, a chemically similar metal, which is also valuable. It is mainly used in alloys and is the largest metal in special steel, which is used in gas pipelines.  The stability of niobium-containing super alloys at high temperatures makes such alloys an important component in jet and rocket engines. Niobium is also used in various superconducting materials including the superconducting magnets of MRI scanners. Other applications of niobium include welding, nuclear industries, electronics, optics, numismatics, and jewellery.

CROSS SECTION 1

CROSS SECTION 2

CROSS SECTION 3

LONG SECTION

PLANVIEW