FAR RESOURCES LTD launches drilling and exploration preparations for its Winston Gold and Silver project in New Mexico, United States

0


VANCOUVER, British Columbia, May 11, 2021 (GLOBE NEWSWIRE) – FAR Resources Ltd (CSE: FAT) (FSE: FOR) (OTC: FRRSF) (www.farresources.com) (“FAR Resources” or the “Company”) is pleased to announce that preparations are underway for drilling programs and 100% exploration owned Winston Gold and Silver Project located in New Mexico, United States.

The Company intends to launch a 1650 meter diamond core drilling program of up to 15 holes, to a depth of 110 meters, targeting the patented Ivanhoe-Emporia concessions. This drilling program will be funded from existing cash flow and will allow Far Resources to potentially extend the drilling program and also explore the newly expanded northern portion of the property.

Far Resources Ltd. published the results of recent high-grade gold and silver samples from Ivanhoe-Emporia Mines, such as 41 g / t gold and 1670 g / t silver, but also confirmed the values ​​of ‘high-grade gold and silver at all three historic mines including Emporia, Ivanhoe and Little Granite and included highlights such as:

  • 4610 g / t silver and 41.5 g / t gold with silver / gold mineralization widespread throughout the Winston project

  • Twenty ore characterization samples from these three mines returned maximum values ​​of 66.5 grams g / t gold and 2940 g / t silver from Little Granite, 26.8 g / t gold and 1670 g / t silver from Ivanhoe and 46.1 g / t gold and 517 g / t silver from Emporia

  • Recently expanded its land position from 415 acres to 2,980 acres with further plans to increase it to 3,500 acres, and increased its claims from 50 to 149 total claims.

Far Resources plans to provide further updates on its gold and silver project in New Mexico, United States in the near future.

On behalf of the Board of Directors,

John Gammack
President and CEO

About Far
FAR Resources is a gold and silver exploration company focused in New Mexico, United States. The Company owns the Winston Project, a historic mining property with potential for high grade silver and gold. The property is steeped in history and historical samples, full data tables available at 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 Snow Lake mining region of Manitoba and containing many known lithium deposits. The company also owns a 60% interest in the Hidden Lake Lithium project in the Northwest Territories.

Contact information

John Gammack,
President and CEO
Far Resources Ltd.

(604) 374-5561

The Canadian Stock Exchange has neither approved nor disapproved of the contents of this press release and accepts no responsibility for the adequacy or accuracy thereof.

Forward-looking statements
This press release may contain forward-looking statements that relate to future events or future performance, including planned exploration, and reflect the current expectations and assumptions of management. These forward-looking statements reflect the current beliefs of management and are based on assumptions 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 which may cause future results to differ materially from those expected. All forward-looking statements made in this press release are qualified by these cautionary statements and those contained in our continuous disclosure documents available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable securities legislation. This press release does not constitute an offer to sell any securities and the Company is not soliciting an offer to buy any securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.



Source link

Leave A Reply

Your email address will not be published.