Market Herald logo

Subscribe

Be the first with the news that moves the market
  • FAR Resources Ltd (FAT) continues drilling preparation at their Winston Gold and Silver Project with a 42 square mile LiDAR Survey
  • 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 uses pulsed, laser-generated infrared light beams to precisely measure distances and generates three-dimensional data
  • Far Resources plans to provide further updates on its Gold and Silver Project in New Mexico, the USA in the near future
  • Far Resources also has its ZORO Lithium Project, in Canada
  • FAR Resources Ltd (FAT) is down 5.26 per cent and is trading at C$0.18 at close

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.

More From The Market Herald
Superior Gold - Director, Michael Pesner.

" Superior Gold (TSXV:SGI) nominates new director

Superior Gold (SGI) has filed a management information circular for its annual general meeting.

" Sulliden Mining Capital (TSX:SMC) acquires securities of Xander Resources

Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.

" Eastern Platinum (TSX:ELR) updates technical report on Crocodile River Mine

Eastern Platinum Limited (ELR) has filed a Technical Report on the Crocodile River Mine (CRM), North West Province in South Africa.