Fairmont Commences Site Surface Preparation at Buttercup; Samples at Laboratory from Channel Sampling
- Site clearing at the Buttercup has commenced - Less than 20m of channels remain to be cut and submitted to the laboratory
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/09/14 -- Fairmont Resources Inc. (TSX VENTURE: FMR)(PINKSHEETS: FRSSF)(FRANKFURT: F0O1) ("Fairmont") is pleased to announce that it has commenced site clearing at the Buttercup Property. This work is includes logging of the Buttercup BEX. This work is expected to be completed before the end of October.
Fairmont also wishes to announce that it has completed approximately 370m of channel sampling and expects that another 10 to 20m of additional sampling will be completed on the site by the end of this week. Currently 203 samples are at AGAT Laboratories in Mississauga awaiting analysis, including channel samples, standards and blanks. For reference, channel samples were typically 2m long when sent for analysis. A map of channel sampling along the recently completed access road, on the main lens (Lens A) can be seen at :
Previously released on September 18, 2014 maps and photos can be found at the link below.
"We continue to move the Buttercup Project forward and logging has commenced on Lens B and will soon commence on Lens A," stated Michael Dehn, Fairmont's President and CEO. "Fairmont will soon be in a position to start surface stripping, and we are expecting to receive building permits shortly. We are also hoping to receive our final extraction permit before the end of October."
About Fairmont
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.
Forward-Looking Statements
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.
Contacts:
Fairmont Resources Inc.
Michael A. Dehn
President and CEO
647-477-2382
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Datum: 09.10.2014 - 17:12 Uhr
Sprache: Deutsch
News-ID 342909
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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