FAR RESOURCES LTD Initiates Preparations for Drilling and Exploration at its Winston Gold and Silver Project in New Mexico, USA
VANCOUVER, May 11, 2021 - Far Resources Ltd. (CSE:FAT) (FSE:FOR) (OTC:FRRSF) (www.farresources.com) ("FAR Resources" or the "Company") is pleased to announce preparations are underway for the drilling and exploration programs at its 100% owned Winston Gold and Silver Project located in New Mexico, USA.
The Company intends to initiate a 1,650-meter diamond core drill program of up to 15 holes, consisting of 110 meters in depth, targeting the Ivanhoe-Emporia patented claims. This drill program will be funded from the existing treasury and will allow Far Resources the ability to potentially extend the drill program and also explore the newly expanded northern part of the property.
Far Resources Ltd. has released the results of recent samplings of high-grade gold and silver from Ivanhoe-Emporia Mines such as 41 g/t gold and 1670 g/t silver, but also confirmed high-grade gold and silver values on all three historic mines including, Emporia, Ivanhoe and Little Granite and included highlights such as:
- 4610 g/t silver and 41.5g/t gold with widespread silver/gold mineralization throughout the Winston Project
- Twenty ore characterization samples from these three mines returned peak values of 66.5 grams g/t gold and 2,940 g/t silver from Little Granite, 26.8 g/t gold and 1,670 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 2980 acres with further plans to increase to 3500 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, USA in the near future.
On behalf of the board of directors,
FAR Resources is a gold and silver exploration company focused in New Mexico USA. The Company owns the Winston Project, a historic mining property with the potential for High-grade silver and gold. The property is steeped in history and historic 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 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.
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.