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Hot New Mining Play To Check Out
Fairmount Resources Inc.
Suite 810-789 West Pender St.
Vancouver, BC, V6C 1H2
Phone: 604-648-0523
fairmontresources.com
PROFILE:
Fairmont is a mineral exploration company focused on exploration and development of its Marmion South Contact, Clay-Powell, and Houghton Creek properties all of which are located the mining friendly jurisdiction of Ontario.
Headquartered in the mining hub of the world, Vancouver, British Columbia, Fairmont is an aggressive explorer with focus on development of gold projects with "Camp Scale" potential, within cost effective, politically and mining friendly regions of Canada, primarily in the prolific Thunder Bay region. With three projects already in their portfolio, the company is executing their business model drawing-upon an exceptionally strong management team with expertise in exploration, finance, business management, and the ability to form strategic partnerships.
Fairmont's flagship project is the Marmion South Contact Property, consisting of 8,208 hectares located approximately 200 kilometers west of Thunder Bay, Ontario. There is easy road access, a large labor force, a railway and electrical grid completing the infrastructure to work the project towards production. Marmion is adjacent to the past producing Atiko Gold Mine to the east and Osisko Mining Corporation's (TSX:OSK) Hammond Reef Project (10.52 million ounce NI 43-101 compliant gold resource in 'Inferred' category) being developed to the north.
The property is host to several gold showings and prospects, including the Olcott prospect which has a historical resource estimate of 81,000 tons @ 0.06 oz/ton gold. Exploration in the area over the past several years has identified other prospects, including the Agnico-Eagle (TSX:AEM) prospect which returned a drill hole result of up to 1.0 oz/ton gold over 0.75 meters; the White Lake prospect, which a grab sample returned a result of up to 0.37 oz/t gold and drill hole result showed 0.45 g/t gold over 7.0 meters; and a prospective structure known as the Smokey Shear approximately 2 kilometers long located near the northern boundary of Marmion.
The high-grade, granite-hosted Jack Lake gold deposit, located 1 kilometer north of Marmion, was discovered in 1878, saw limited production from 1899-1902, and hosts several historical, non 43-101 compliant resources calculations, the most recent comprising 8,910 tons grading 15.53 g/t for 4,000 ounces.
VALUE PROPOSITION:
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- The Right Industry. Gold prices have been in an uptrend for more than a decade. Leading firms such as HSBC, Deutsche Bank and CIBC World Markets are calling for an average price of bullion at or above $2,000 per ounce in 2013 and continued appreciation thereafter.
- Solid Portfolio. Fairmont Resources has three properties in its portfolio with two of them undergoing exploration currently. The company is focused on the Thunder Bay region of Ontario, one of the most prolific metal resource areas in Canada.
- Prime Property Locations. Fairmont's Marmion South Contact Property is adjacent to the past producing Atiko Gold Mine to the east and Osisko Mining Corporation's (TSX: OSK) Hammond Reef Project (10.52 million ounce NI 43-101 compliant gold resource in 'Inferred' category) being developed to the north. Their Houghton Creek property is located 27 kilometers northwest of the historic St. Anthony Gold Mine which operated intermittently from 1905 to 1941 and produced 63,310 ounces of gold at a grade of 6.51 g/t. Fairmont also has the Powell-Clay property located within the western Shebandowan greenstone belt of the Wawa sub-province.
- Property Expansion. Fairmont greatly expanded the Houghton property in September by staking an additional 9 claims totaling 1,312 hectares surrounding the original 64 hectares; giving Fairmont a strong presence in the area.
- Experienced Management. Fairmont's team has a balance of geologists with years of highly-relevant experience in the mining industry and experts in the finance space with senior executives have worked for majors in the mining industry such as Teck Resources and Goldcorp.
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Pink Sheets: FRSSF
TSV-V: FMR
Market Value:
1,296,568 dollars a/o Oct 19, 2012
Shares Outstanding:
16,207,100 a/o Mar 31, 2012
Transfer Agent:
Transfer Agent:
RECENT NEWS:
Fairmont Identifies Gold Bearing Northeast Structures in the Marmion Batholith at Marmion South Property
Fairmont Samples Up To 4.11 G/T Gold At Houghton Creek Property
KEY EXECUTIVES:
Neil Pettigrew:
President
CEO
Director
Greg Ball:
CFO
Director
Michael Thompson
Director
John Bevilacqua:
Director
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