Fairmont Resources Inc.
TSX VENTURE : FMR

Fairmont Resources Inc.

June 05, 2015 08:00 ET

Fairmont to Commence Drilling at Forestville Quartzite Property With CFP Forestville; New Quartzite Zone Discovered

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 5, 2015) - Fairmont Resources Inc. (TSX VENTURE:FMR) ("Fairmont") is pleased to announce that a drill has arrived at the Forestville Quartzite Property and is expecting to commence operation next week. The drill will be operated by the CFP Forestville as part of their Diamond Drilling Education Program. Magnor Exploration Inc. ("Magnor") will provide geological support for the drilling program.

While doing reconnaissance traverses, Magnor identified a new quartzite zone located 2 km east of the main quartzite horizon. The new zone is exposed on surface for a minimum 25m by 300m. This zone is in the vicinity of previously report (in press release dated January 23, 2015) sample 1989027907 which reported 99.91% SiO2.

The Forestville Quartzite property is located 20 kilometres north-northwest of the town of Forestville, Quebec. The property has been optioned for the purpose of testing the chemical and physical properties of the quartzite as potential raw material source of high purity glass, fibre optics, ferrosilicon and silicon metal.

Within the last 2 weeks, customer site visits have occurred on the Buttercup Dense Aggregate Property and Baie-Comeau Quartzite. Discussions with additional customers continues, as does material testing from Buttercup, Baie-Comeau and Forestville by customers.

The technical information in this news release was approved by Mr. Jonathan Lalancette, Eng, a Qualified Person under NI 43-101 regulations.

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 Quebec titaniferous magnetite properties. Fairmont also has high purity quartz and quartzite properties along Quebec's North Shore from Lac-Saint-Jean to Baie-Comeau. Fairmont's goal is to become one of the dominant publically traded industrial minerals companies in Canada.

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.

Contact Information