VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) -- 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.
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,
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.
President and CEO
Far Resources Ltd.
+1 (604) 374-5561
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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.