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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

Chief Executive Officer, President and Direct...
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Compensation as of Fiscal Year 2013.

fairmont resources inc (FRSSF) Key Developments

Channel Sampling Results Consistant Across Fairmont Resources Buttercup Property Lens A and Lens C New Discovery

Fairmont Resources Inc. announced that it has received 361 m of channel results representing 184 samples from the Buttercup property. Of the samples, 182 contained massive Titano-Magnetite, one contained massive Titano- Magnetite with a fragment of anorthosite, and one was massive anorthosite just beyond the contact with the massive Titano-Magnetite. Lens A is the primary mineralized zone of the Buttercup Mining Lease. Channel 1 covers a distance of 213.5m running in a north north-east direction. Of this distance, 46.5 metres are covered with overburden and are unsampled, one metre covered anorthosite, and two metres contained massive Titano-Magnetite with a fragment of anorthosite. The remaining 164 metres channeled massive Titano-Magnetite. The massive Titano-Magnetite consistently averaged more than 72.5% Fe(2) O(3), 19.35% TiO(2), and 0.58% V(2) O(5) in Channel 1 Channel 2 of Lens A covers a distance of 79 metres running in a south-east direction. All sampled material in Channel 2 consisted of massive titano-magnetite. Six metres of overburden was unsampled. Fe(2) O(3) and TiO(2) values are consistent with Channel 1, with V2 being marginally lower averaging more than 0.56% V(2) O(5). Channel 3 of Lens A covers a distance of 70.5 metres running in a north east direction. Of this distance, 5.5 metres are covered with overburden and are unsampled. The remaining 65 metres channeled massive Titano-Magnetite, averaging more than 72.3% Fe(2) O(3), 19.6% TiO(2) and 0.56% V(2) O(5).

Fairmont Resources Inc. Provides Buttercup Project Update

Fairmont Resources Inc. announced that it has received 600 lbs of titano-magnetite samples from the Buttercup site and 200 lbs of silica from the stockpiles at the Lac Bouchette quartz property. These samples with be used for additional metallurgical testing and marketing with potential customers. Fairmont has completed early test work using Buttercup titano-magnetite with Titanium International Technology Inc. and results have been positive using Ti2 technology for making titanium metal, as well as titanium alloys from Buttercup titano-magnetite.

Fairmont Receives Permits for Site Preparation and Road Construction at Buttercup

Fairmont Resources Inc. announced that it has received permits from the Ministère des Forêts, de la Faune et des Parcs (MFFP) for the Buttercup "BEX 1270" claim. These permits allow for the site preparation including tree removal as well as road construction to the site. Fairmont also provided an update on the main permit. WSP Canada Inc. been engaged and is currently undertaking additional site, hydrological and biological work requested by the Ministère du Développement durable, de l'Environnement et des Parcs (MDDEP) (formerly the Ministère du Développement durable, de l'Environnement et de la Lutte aux changements climatiques (MDDELCC)). The work is well underway and expected to be completed by the end of August, 2014.

 

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