Fairmont Commences Channeling at Buttercup
September 18, 2014 (Source: Marketwired) — Fairmont Resources Inc. (TSX VENTURE:FMR)(PINKSHEETS:FRSSF)(FRANKFURT:F0O1) (“Fairmont”) is pleased to announce that it has commenced channeling at the Buttercup Property. This work, originally unplanned, was conceived upon the completion of the access road after excellent exposure of bedrock was uncovered during road construction.
Channeling will provide additional material for analysis and testing. Fairmont anticipates completing more than 400 metres of channeling over approximately two weeks of field work.
Photos and maps from the channeling program can be found at the link below.
Buttercup Channeling Maps and Photos
“Having exposed what appears to be titano-magnetite while building the new Buttercup access road, and while the weather is still favourable, Fairmont has decided to take the opportunity to complete some channeling for additional analysis and testing,” stated Michael Dehn, Fairmont’s President and CEO. “The road has uncovered a good transect across lense A, in both a north-east to south-west direction, and north-west to south-east direction, like an ‘X’. We will be able to collect a lot of material for potential customers from the channeling.”
Get our daily investorintel update
Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. These occurrences are of considerable interest due to their proximity to tide water, with the Grand Anse Sea Terminal at the Port of Saguenay located within 100km of all of Fairmont’s properties.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s exploration program of its mineral properties and Fairmont’s limited operating history. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>