Far West Mining Ltd. is an international mineral exploration company headquartered in Vancouver, Canada. The Company is primarily engaged in the evaluation, acquisition, and exploration of mineral properties in Chile and Australia.
The company is dedicated to preserving the environment as much as possible no matter how arduous the exploration is. We aim to ensure that we inflict minimal damage to mother nature. The company believes that by doing so, we, humans, will be able to harvest even more resources from it. As an international mineral exploration company, it is our duty to ensure that Mother Nature remains safe and sound.
We have exercised efforts to develop technologies and methodologies that minimize the damage done to the surrounding natural ecosystem. In addition to that, we are working with various companies to develop technologies and methodologies that will enable a damaged ecosystem to rapidly regenerate and restore itself to its former glories. Although the latter still has a long way to go, the company believes that it is an investment worthy of putting time, money and effort into so as to preserve our home blue planet which is truly a unique one in the universe.
The Company’s main project is the wholly owned Santo Domingo copper-iron-gold deposit in Chile. The deposit has an Indicated Resource of 485Mt @0.57% CuEq and an Inferred Resource of 62Mt @ .46%CuEq, (NI 43-101 compliant, News release dated July 12, 2010), and is located at low elevation (1000m), approximately 800km north of Santiago. There is superior infrastructure nearby, with a paved highway (1km), power (7km), railway (7km), deep water port (60km) and smelter (60km), which all provide an ideal scenario for rapid development of the project. An independent scoping study from May 2008 indicated positive NPVs at low metal price scenarios. Since the completion of the scoping study, the resource has nearly doubled and the recovery of magnetic iron has been confirmed by detailed test work. The final technical hurdle was removed in January 2010 when metallurgical test work confirmed that the copper extraction process can be performed using sea water, thus eliminating the need to acquire expensive water rights in a region where water is a scarce commodity.
In October 2009, Quadra Mining Ltd. acquired an 8% stake in Far West Mining through a $10M equity investment and has representatives on a technical committee that is overseeing a pre-feasibility study which will commence in Q3 2010. A 14,000m drill program is currently underway that will provide data and sample material for metallurgical tests for the pre-feasibility study.
Far West Mining is exploring for Broken Hill Type (“BHT”) silver-lead-zinc deposits at its 100% owned Georgetown Project in Queensland Australia. During the 2008 and 2009 drilling campaigns, the Company discovered a wide zone of mineralization and alteration in an area with high-grade surface samples at the Robin Hood prospect. Exploration in 2010 will be focused on follow up work at Robin Hood and exploration of multiple regional targets.