News Reelase - FAR RESOURCES LTD Continues Drilling Preparation at their Winston Gold and Silver Project with a 42 square mile LiDAR Survey
FAR RESOURCES LTD Continues Drilling Preparation at their Winston Gold and
Silver Project with a 42 square mile LiDAR Survey
FAR Resources Ltd (CSE:FAT) (FSE:FOR) (OTC:FRRSF) (www.farresources.com)
(“FAR Resources” or the “Company”) continues preparations for drilling and exploration
on its 100% owned Winston Gold and Silver Project located in New Mexico, USA by
obtaining a 42 square mile LiDAR survey to map out and assess both natural and
manmade features at the project.
About LiDAR
LiDAR, which stands for Light Detection and Ranging, is an important tool that allowed
Far Resources’ geologists the ability to map and assess features of the property with
considerable precision and flexibility, and in turn, be able to determine which veins and
holes to target with accuracy to find gold and silver with a high degree of probability of
strike potential.
LiDAR uses pulsed, laser-generated infrared light beams to precisely measure
distances and generate three-dimensional data. In combination with new photo
technology data, Far Resources was able to produce very detailed digital elevation
models and better maps for:
● use in structural geology studies for future exploration purposes
● accurate volumetric calculations of existing open pits, declines/shafts/stockpile
ore and dumps
● identification of historical mineral exploration sites
Far Resources plans to provide further updates on its Gold and Silver Project in New
Mexico, USA in the near Future.
On behalf of the board of directors,
John Gammack
President/CEO
About Far
FAR Resources 100 percent owned Winston Gold and Silver Project explores Ivanhoe,
Emporia and Little Granite Mines in the Black Range of New Mexico USA. Each mine is
known for its historic production of its high-grade gold and silver grade ores, and
includes recent samples of 4610 g/t silver and 66.5 g/t gold. The Black Range district
was mined extensively in the 1980s, but has seen little activity since. 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/precious
_metals_deck_revised-26Mar2021.pdf . Far Resources also has its ZORO Lithium
Project, in CANADA, located in the mining -friendly Snow Lake region of Manitoba and
containing numerous known lithium deposits. The Company also holds a 60% stake in
the Hidden Lake Lithium Project in the Northwest Territories.
Information Contact
John Gammack,
President and CEO
Far Resources Ltd.
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
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.