Far Resources recently announced plans for a winter drilling program on its Zoro lithium property near Snow Lake. The company intends to carry out up to 5000 metres of diamond core drilling on several lithium-bearing pegmatites on the property. Approximately 2500 metres is targeted on testing for additional mineralisation on Dyke 1a portion of which hosts an inferred resource of 1.074 million tonnes grading 0.91percent lithium oxide and another 2500 metres on outside targets particularly the newly discovered Dyke 8.
They point out there is a surging demand for cheaper electric vehicle batteries from China which is supercharging a rally for one key raw material – lithium carbonate. The largest maker of electric vehicles on the planet Tesla already is feeling the effects of the shortage of products needed to make products in batteries.
FAR Resources states it is stepping up its exploration to meet future demands and are excited to be a part of the green new deal initiative.