RE:Drill Results Pending Potentially World-Class Lithium higherhighs wrote: ZURICH, SWITZERLAND / ACCESSWIRE / November 22, 2016 / With a current market capitalization of $4 million CAD, Far Resources Ltd. (CSE: FAT) has recently completed a phase-1 drill program on its Zoro Property near Snow Lake in mining-friendly Manitoba, Canada. A total of 7 holes over 1,142 m (163 m/hole on average) have been drilled into the lithium-rich pegmatite known as "Dyke 1". Rockstone initiates coverage of Far Resources as the large Zoro Property offers great potential to be quickly advanced to a world-class lithium project. Sampling rocks from surface is an important first exploration phase, yet it's drilling that counts and provides most upside potential. Assay results are expected within the next 3-4 weeks.
ot so long ago, Nemaska Lithium Inc. reported results from a first grab sampling program on its Whabouchi Property in Qubec, with grades averaging about 2.88% Li2O. Subsequent drilling delineated indicated resources of about 15 million t averaging 1.54% Li2O; i.e. a word-class lithium deposit, currently in development to become a mine in the next years. In July 2016, Far Resources reported assays from a rock chip sampling program of 3 separate pegmatites/dykes on its Zoro Property (515 hectares):
• Dyke 2 averaged 3.12% Li2O (2 samples)
• Dyke 4 averaged 2.41% Li2O (1 sample)
• Dyke 5 averaged 3.93% Li2O (4 samples; 2 exceeded 6% Li2O)
Average of all 7 samples: 3.48% Li2O