Post by
TFSAfunds on Mar 12, 2021 12:24pm
When do we see an update?
And where is the money coming from?
VANCOUVER, British Columbia, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Far Resources Ltd (CSE-FAT) is pleased to announce that plans for a winter drilling program on its Zoro lithium property near Snow Lake, Manitoba is underway. The company intends to carry out up to 5000 metres of diamond core drilling on several lithium-bearing pegmatites on the property. Approximately 2500 metres is targeted on testing for additional mineralisation on Dyke 1, portion of which hosts a NI 43-101 compliant inferred resource of 1.074 million tonnes grading 0.91% lithium oxide (Li2O), and another 2500 metres on outside targets, particularly the newly discovered Dyke 8. Limited shallow drilling on Dyke 8 has returned values including 12.3 metres grading 1.1% Li2O.
Comment by
Martyboss on Mar 12, 2021 9:40pm
Have not heard anything yet as to whether they have to financing for this drill program. Hopefully this week because if they get an early thaw up there that will have a bearing on thier program. Time and weather is now becoming a factor,regarding thier plans.
Comment by
TFSAfunds on Mar 13, 2021 5:24pm
Thanks Marty... but that does concern me! Isn't winter, basically, the only time to drill (affordably) and spring/summer/fall the time for "boots on the ground" type exploration?