Fairmont Advances Permitting for Buttercup Property, Appoints Vital Consulting
March 12 2014 - 6:00AM
Marketwired
Fairmont Advances Permitting for Buttercup Property, Appoints Vital
Consulting
- Exclusive Lease to Mine Surface Mineral Substances (BEX
1270)
- Permit applied for tree removal and road
repair/construction
- Application for Certificate of Authority to commence
operations
- Expect all decisions on permits by June 2014
- Retains Vital Consultants to assist with the permitting
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 12, 2014) -
Fairmont Resources Inc.
(TSX-VENTURE:FMR)(PINKSHEETS:FRSSF)(FRANKFURT:F0O1) ("Fairmont") is
pleased to announce that it is advancing permitting for its 100%
owned Buttercup Property near Saguenay, Quebec.
Fairmont acquired the Buttercup property with an Exclusive Lease
to Mine Surface Mineral Substances, BEX 1270, which covers a
surface area of 15.3 hectares.
Fairmont has now submitted both permit applications for tree
removal and road repair/construction, and for the Certificate of
Authority to commence operations.
Fairmont expects to receive decisions on permits by June
2014.
Fairmont has retained Vital Consultants,
www.vitalconsultants.ca, to aid in obtaining, from the Ministry of
Environment and Resources (Quebec), the certificate of
authorization to operate the Buttercup project in the Saguenay
region.
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, Fairmont's ability
to complete the private placement financing 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.
Fairmont Resources Inc.Michael A. DehnPresident and
CEO647-477-2382michael@fairmontresources.cawww.fairmontresources.caVital
Consultants Inc.Herve Stecq, M.A. Ph.D. (c)President-directeur
general418-817-3463herve.stecq@vitalconsultants.cawww.vitalconsultants.ca
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