Far Resources Announces GOLD Assay Results from Preliminary Prospecting ON the Jean Lake Property, Snow Lake, Manitoba
FAR RESOURCES ANNOUNCES GOLD ASSAY RESULTS FROM PRELIMINARY
PROSPECTING ON THE JEAN LAKE PROPERTY, SNOW LAKE, MANITOBA
VANCOUVER, British Columbia, November 15th, 2021 (CNSX: FAT.CN) (FSE: F0R)
(OTC:FRRSF) (www.farresources.com) (“FAR Resources” or the “Company”) is pleased
to announce gold assay results from sampling undertaken on its recently acquired Jean
Lake property, located in the historic Snow Lake mining district in Manitoba.
A short prospecting program of confirmatory rock chip sampling on the eastern portion of
the Jean Lake property has returned assay results of up to 20.9 g/t gold (Table 1). Sample
collection targeted historic gold occurrences from published and non- published reports.
Sample locations and results are shown on a map on the Company’s website.
Of fifteen rock chip samples collected all but one exceed 1 g/t gold. Grab samples
representative of mineralization exposed in outcrop and in pits were collected from
pervasively silicified wallrock containing brecciated and mineralized quartz veins. The
deformation observed in the rocks sampled is attributed to faults cutting the eastern
portion of the Rex Lake Pluton which is bounded on the east by the crustal scale Grass
River Fault.
The gold mineralization is associated with disseminated and near -solid fracture fillings
consisting of fine grained to blocky arsenopyrite with lesser pyrite and chalcopyrite.
John Gammack, President and Chief Executive Officer stated: “This confirmation of
significant gold potential on the Jean Lake property in addition to the recently documented
lithium potential (refer news release dated September 28, 2021) gives added impetus to
our planned drone- supported remote sensing and geophysical survey work over the
property later this winter. This work is partly funded by a grant from the Manitoba Mineral
Development Fund (MMDF) which will allow us to accelerate the planned work. I would
also like to take this opportunity to express my sincere gratitude to Dr’s Mark Fedikow
Ph.D. P.Geo and Lindsay Bottomer Ph.D. P.Geo for their profess ional exemplary work
creating shareholder value.”
Table 1. Summary of gold assay results, Jean Lake property.
Sample UTM East UTM North PPB Gold
G/T
Gold
FAR21G-1 451647 6076201 1660 1.66
FAR21G-2 451647 6076201 138 0.138
FAR 21G-3 452451 6076406 20900 20.9
FAR 21G-4 452451 6076406 8660 8.66
FAR 21G-5a 452409 6076351 1930 1.93
FAR 21G-5b 452409 6076351 1840 1.84
FAR 21G-6a 452377 6076246 11200 11.2
FAR 21G-6b 452377 6076246 6420 6.42
FAR 21G-7 452356 6076171 2000 2
FAR 21G-8a 452417 6076377 7630 7.63
FAR 21G-8b 452417 6076377 8660 8.66
FAR 21G-9 452366 6076105 4050 4.05
FAR 21G-10 452395 6076407 1380 1.38
FAR 21G-11 452356 6076171 1000 1
FAR 21G-12 452441 6076396 1290 1.29
Far Resources has implemented an internal quality assurance and control (QA/QC)
program that follows industry best practices. Rock samples were submitted to Activation
Laboratories Ltd., a NATA certified laboratory located in Ancaster, Ontario for gold fir e
assay and INAA finish based on a 30-gram sample.
The technical information in this news release has been reviewed and approved by
Lindsay Bottomer, P.Geo, and Qualified Person as defined by Canadian National
Instrument 43-101-Standards of Disclosure for Mineral Projects.
About FAR
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
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.
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.