- FAR Resources (FAT) has finalized plans to option the Jean Lake Lithium-Gold Property
- The property is located in Snow Lake, Manitoba
- FAR Resources has acquired a 100-per-cent interest in the property from Mount Morgan Resources
- Near term exploration work is planned at the property
- FAR Resources is down 4.35 per cent, trading at $0.11 at 3:40 pm
FAR Resources (FAT) has finalized plans to option the Jean Lake Lithium-Gold Property located in Snow Lake, Manitoba.
FAR Resources has acquired a 100-per-cent interest in the property from Mount Morgan Resources Ltd.
The 1,002-hectare Jean Lake Gold-Lithium project is located 570 kilometres north of Winnipeg and 15 kilometres east of the mining centre of Snow Lake Manitoba. The region hosts world-class gold, base-metal and gold-rich base-metal deposits and developing lithium resources.
The property occurs in a favourable geological setting on the Apex Peninsula in Wekusko Lake.
“We are pleased to add the Jean Lake project to our portfolio of lithium and gold exploration projects in the mining-friendly jurisdiction of Manitoba. Together with the 3603-hectare (Ha) Zoro Project, which hosts our Zoro1 inferred resource of 1,074,567 tonnes at 0.91% Li2O, the 1002 ha Jean Lake project gives us an attractive 4605 ha exploration opportunity.
The project location adjacent to known high-grade lithium and gold resources within a highly prospective geological environment accompanied by both historic and recent geological databases provides us with a sound foundation for further exploration,” said FAR Resources President and CEO John Gammack.
Near-term exploration work is planned at the property. A prospecting team will explore for lithium-bearing pegmatites and extensions of pegmatites known to exist on adjacent properties.
FAR Resources is down 4.35 per cent, trading at $0.11 at 3:40 pm.