Far Resources Commences Their Uav-Borne Magnetic Survey at the Jean Lake High-Grade Lithium Property Near Snow Lake Area, Manitoba
FAR RESOURCES COMMENCES THEIR UAV-BORNE MAGNETIC SURVEY AT
THE JEAN LAKE HIGH-GRADE LITHIUM PROPERTY NEAR SNOW LAKE AREA,
MANITOBA
VANCOUVER, British Columbia, December 9th, 2021 (CNSX:FAT.CN) (FSE:F0R)
(OTC:FRRSF) (www.farresources.com) (“FAR Resources” or the “Company”) is
pleased to announce the commencement of a UAV-borne magnetic survey over the
Jean Lake property where the high-grade lithium Beryl pegmatite dyke was re-
discovered in August of 2021 shortly after the property was optioned. Recent assay
results from two locations on the Beryl pegmatite gave a range of 3.89-5.17% Li2O in
five samples collected from a trench after approximately 80 years of accumulated
organic debris was removed.
The UAV-assisted magnetic survey is being flown by EarthEx Geophysical Solutions
Inc. (Selkirk, Manitoba) at 25 m line-spacing with 250 metre tie-lines. A total of 500 line-
km will be flown. The survey was commenced November 29 (2021) and despite some
weather delays is ongoing. The orientation of the flight lines is designed to assess the
magnetic signatures of lithium-bearing pegmatites in and along both the Beryl Lithium
Trend and the Thompson Brothers Lithium Trend that transects the Jean Lake property.
The superior spatial precision of the UAV-acquired magnetic data will provide an
assessment of the depth to source, dip of the body and the overall shape and size of
the body which will assist diamond drill targeting. Results of the survey will be released
in Far Resources news releases. The magnetic survey will be followed up with a Lidar
survey in the spring after snow has melted.
Funds for the UAV survey have been provided by a grant from the Manitoba Mining and
Development Fund established by the Manitoba Government to assist and stimulate
sustainable resource development in northern Manitoba.
Robert Dinning, CA, CPA, CFO/Director FAR Resources Ltd., participated in the recent
private placement previously press released on December 6 th, 2021 for 100,000 shares
at $.105 with a warrant at $0.13. There is a mandatory 4 month and 1 day restriction.
FAR Resources' Winston Gold and Silver Project includes on-going exploration of their
100 percent owned property located in the Black Range of New Mexico USA. Recent
results included exceptional numbers from property-wide confirmatory sampling
completed in late 2020 with grades of up to 66.5 g/t gold and 4619 g/t silver. The
property’s three mines, Ivanhoe, Emporia and Little Granite are known for their historic
production of high-grade gold and silver ores, primarily developed prior to the 1930's
with a brief revival in the 1980's but have seen little modern exploration. Full data tables
and info can be viewed here on pages 14, 17,19 and 20
: https://farresources.com/images/investors/presentation/precious_metals_deck/preciou
s_metals_deck_revised-26Mar2021.pdf .
FAR Resources also has its 100 percent owned ZORO Lithium Project, in CANADA,
located in the mining-friendly Snow Lake region of Manitoba containing numerous
known lithium deposits. The company has completed five drill programs on the property
leading to the discovery of at least 12 lithium-bearing pegmatite dykes. FAR Resources
also holds a 60% stake in the Hidden Lake Lithium Project in the Northwest Territories
FAR Resources also has its 100 percent owned ZORO Lithium Project, in CANADA,
located in the mining-friendly Snow Lake region of Manitoba containing numerous
known lithium deposits. The company has completed five drill programs on the property
leading to the discovery of at least 12 lithium-bearing pegmatite dykes. FAR Resources
also holds a 60% stake in the Hidden Lake Lithium Project in the Northwest Territories
hosting at least 10 lithium bearing spodumene pegmatite dykes with average lithium
concentration of 1.03% Li20 and individual samples grading up to 3.3% Li20.
To read more on both lithium properties and past exploration details, click
here: https://www.farresources.com/images/investors/presentation/sustainable_energy/
REVISED_SUSTAINABLE_ENERGY_PRESENTATION.pdf
For further information, please contact:
John Gammack
President and CEO
Far Resources Ltd
+1 (604) 374-5561
Robert Dinning, CPA
CFO, Director
Far Resources Ltd
+1 (604) 970-0901
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.
Forward Looking Statements
This news release may contain forward-looking statements, which relate to future
events or future performance, including planned exploration, 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
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
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company is not soliciting an offer to buy securities in any jurisdiction in which such offer,
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