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fairmont resources inc (FRSSF) Details

Fairmont Resources Inc. is engaged in the acquisition, exploration, and development of mineral properties in Canada. It holds an option to hold a 100% interest in the Marmion South Contact property that consists of 47 mineral claims covering 8,208 hectares located to the west of Thunder Bay; a 100% interest in the Houghton Creek property, which comprises 10 claims covering 1,312 hectares located in the Patricia Mining Division, Ontario; and a 70% interest in the Powell-Clay property located near Thunder Bay, Ontario. The company was formerly known as Strike Explorations Corp. and changed its name to Fairmont Resources Inc. in April 2009. Fairmont Resources Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Founded in 2007

fairmont resources inc (FRSSF) Top Compensated Officers

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Compensation as of Fiscal Year 2012.

fairmont resources inc (FRSSF) Key Developments

Fairmont Resources Inc. Announces Board Changes

Fairmont Resources Inc. announced the appointment of a new director, Mr. Ernest M. Cleave. Mr. Cleave is currently the Chief Financial Officer of Largo Resources Ltd. and a Director of Firesteel Resources Inc. Mr. Cleave is a business professional with over 20 years' experience in finance strategy, M&A, compliance, financial reporting, internal control and strategic planning. He served as Director, Chief Financial Officer, Corporate Controller and in senior finance positions for multi-national companies in the mining, manufacturing and retail sectors, including Bata Limited, Falconbridge Limited, and Goldcorp Inc. He started his career with PricewaterhouseCoopers in 1993 and has also served as Chief Financial Officer for numerous junior mining companies, including Alturas Minerals Corp., Cline Mining Corporation and Grandview Gold Inc. Fairmont also announced the resignation of John Bevilacqua as director.

Fairmont Resources Inc. Auditor Raises 'Going Concern' Doubt

Fairmont Resources Inc. filed its Annual on Feb 27, 2014 for the period ending Oct 31, 2013. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Fairmont Resources Inc. Acquires the Hearth Property in the Buttercup-Lac Elan Area

Fairmont Resources Inc. announced that it now has acquired 96 claims, the Hearth Property, in the Buttercup-Lac Elan area, consolidating trends that may be extensions of known mineralization. Fairmont now controls 117.2 km2 of prospective mineral claims in the Saguenay - Lac-Saint-Jean Region of Quebec, including the Buttercup Mining Lease. Fairmont's claims cover numerous high-grade titaniferous magnetite + vanadium occurrences. 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.

 

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