FAR Resources Ltd (FAT) continues preparations for drilling and exploration on its owned Winston Gold and Silver Project located in New Mexico, USA.
It is undergoing such preparations through 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.
It does this 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 generates 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, the USA in the near future.
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.
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.
It also holds a 60 per cent stake in the Hidden Lake Lithium Project in the Northwest Territories.
FAR Resources Ltd (FAT) is down 5.26 per cent and is trading at C$0.18 at close.