New ground brings Far Resources a new neighbour.
An additional 2,200 hectares extends Far Resources’ (CSE:FAT)Zoro project towards Thompson Brothers, a lithium project held by Ashburton Ventures TSXV:ABR. Both of the properties in northern Manitoba’s Snow Lake camp have historic, non-43-101 resources and current drill programs. Far Resources has field work planned for its new turf.
The 100% option calls for $25,000 and the same amount in shares on signing. Further commitments would add $225,000 and the same in shares, along with $500,000 in spending over 84 months. A 2% NSR applies, half of which Far Resources may buy for $1 million.
Last week the company began Zoro’s first modern drill campaign with a planned 700 metres focusing on the property’s dyke 1. The program follows soil sampling as well as sampling from historic trenches and pits elsewhere on the property that brought high-grade results.
Far Resources also holds the Winston gold project in New Mexico.