nextbullnow wrote: - Funded till years end
- Toby Mayo officially CEO now, no longer interim, has extensive mining experience (Tinto, Ivanhoe, ect..) Very personable, knows his stuff. Latest NR: ""He was Senior Geologist for Ivanhoe Mines Ltd. on the development of the Oyu Tolgoi project in Mongolia, where he was part of the largest drilling program ever executed and was responsible for all geological and resource modelling.""
- NI43-101 getting updated, Far's mandate was to prove up historicals, but ended up making new discoveries and that the surrounding land is swarming with dykes.
- Dyke 1 extended
- Dyke 8 found (aka "new" Dyke 1)
- I estimated a total of 28-30 dykes conservatively across all our owned land:
- 18+ dykes @ Zoro and Strider 1, see my maps and study the Nova releases/MMI/soil sampling work already conducted on the property, make you own assessment.
- 10+ dykes @ Hidden Lake NWT
- 100% owned Winston Gold Project (now "Sequoia" to be eventually),
""Check sampling of dump material by Far Resources during their due diligence site visit in
late 2013 confirmed the occurrence of local very high-grade silver (>1 kg/t) and gold (>25
g/t) values.""
""The project consists of a group of 16 unpatented claims known as the LG Claims; a group of 4
unpatented claims known as the Little Granite Gold claims and 2 patented claims""
- @ Hidden Lake, "Shorty Dyke" is in close proximity to our land and dyke swarm conglomerate. It has 3.8Mt @ 1.24% Li. dyodd.
- Far is the first company ever to drill on Hidden, currently drilling and proving up 4 dykes on the property. They will undoubtedly hit Li. We gain 60% option of the package with this. - @ Zoro: ""Lithium tonnage estimates vary. An unsubstantiated visual estimate in September 1956 suggested up to 9-11 million tonnes (10-12 million tons) of Li2O occur on the entire group. In mid-March the main dyke was estimated to contain 18 million tonnes (2 million tons) grading 1.4% Li2O to a depth of 305 m (1000 ft.) in the main dyke (Northern Miner, October 25, 1956; Mulligan, 1965, p. 81). A reserve estimate of 1 815 000 tonnes grading 1.4% Li2O was reported by Bannatyne (1985). In 1957, the estimate was revised to 1.72 million tonnes averaging 1.3% Li2O or 2.72 million tonnes (3.0 million tons) at l.0% Li2O in the main dyke (Mulligan, 1957a, 1957b). By March 1958, 12 different tonnage estimates had been made (Northern Miner, March 13, 1958). Also by that time, a permanent camp and a 4-mile road into the property had been built. Plans for a heavy media separation plant on the property were being prepared by the Lummus Co. of New York together with Knowles Associates and the Colorado School of Mines (Green Bay Mining & Exploration Ltd., Corporation File)."" https://www.sec.gov/Archives/edgar/data/1333563/000125529410000759/ex99_1.htm - @Zoro, I estimated the possibility of Gold Occurences South of Dyke 1 on Strider 2 land as past occurences have been found slightly beyond our land boundary.
- Our Neighbour NOVA(NVA)'s land has a historical, non-JORC 4.305Mt @ 1.3% Li to prove up.
- NVA proposed "Slurry Pipeline" that will link up their Mill Concentrator to HWY 39 and the railway. If the Memo Of Understanding gets extended to a deeper arrangement, it would be mutually beneficial to sell as a package. A miner will likely want to grab the whole area.
- Far team is planning a trip soon
The future is very bright, the current valuation is beyond eye-gauging ridiculous. How the MC can be worth a fraction of dyke 1 alone is preposterous to say the least. Add everything up and you see the Co is worth much more. This SP is a godsend, enjoy it while it lasts. Trolls come in waves, cyclical, every boards got them.
Dismiss the cynics.
DYODD
Cheers,
NBN