FAR Resources Ltd (CSE:FAT) (FSE:FOR) (OTC:FRRSF) (
www.farresources.com) (“FAR Resources” or the “Company”) is pleased to provide more details on the geological setting of its Winston Gold and Silver project in New Mexico. The Winston Project covers 42 square miles of the northern portion of the Chloride District, situated in the Black Range of southwestern New Mexico.
The Winston Project is comprised of the Little Granite, Ivanhoe, and Emporia claims situated in the heart of the historically prolific Black Range (Chloride-Grafton) Mining District, 30 miles North-West from Truth of Consequences, New Mexico, US. The Chloride-Grafton district was a major gold-silver mining camp first discovered in 1880 and produced tons of silver before abandonment in 1893 due to a historic crash in silver prices. The Emporia, Ivanhoe and Little Granite claims produced from shallow near surface veins.
FAR RESOURCES LTD Provides an Overview on the Chloride District Located at the Intersection of 3 Prolific Metallogenic Provinces at its Winston Gold and Silver Project in New Mexico
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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.
About LiDAR
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.
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VANCOUVER, British Columbia, May 03, 2021 (GLOBE NEWSWIRE)
FAR Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) ( FAR Resources or the Company )
FAR Resources is pleased to announce that on April 29th, 2021, it closed a non-brokered private placement of $341,015.00 or 2,005,971 units at a price of 0.17 per unit (the units in accordance with the price protection filed with the Canadian Securities Exchange on March 15th, 2021). Each unit consists of one common share and one 18 months share purchase warrant. The warrant entitles the holder to purchase one common share, excisable at a price of 0.25 per share for 18 months from the date of issue. It expires November 3rd, 2022.
FAR Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“FAR Resources” or the “Company”)
Far Resources Ltd. (CSE: FAT) is pleased to announce recent progress on its Winston Project in New Mexico. With recent claim staking completed, the project now totals approximately 2,900 acres and 149 claims. The additional claims were acquired following recognition that mineralization in the district is more extensive than the previously identified Little Granite and Ivanhoe-Emporia mine environs.
The newly identified NV-1 vein if located on newly acquired claims in the northern part of the property. The vein was sampled along 600 metres of strike and shows strong precious metal values at surface. Results from 12 samples taken along this vein trend returned averages of 2.83ppm Au with 89.7ppm Ag. This average includes a 0.5m chip sample which returned 12.3ppm Au with 381ppm Ag. One sample taken along this vein was removed from the stated average, as it was a select
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