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NewswireTODAY - /newswire/ -
Winston-Salem, NC, United States, 2012/10/22 - SmallCapReview.com, A leading site for news and information on small caps, penny stocks and microcaps is adding Fairmont Resources (TSX: FRM) and (OTCBB: FRSSF) to its list of stocks "On the Radar".
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Fairmont Resources Investor Highlights
Opportunity -Received results from the summer field program on its Marmion South Property, located near Atikokan, Ontario, and contiguous with Osisko Mining Corporation's Hammond Reef Property. Commenting on the results, Neil Pettigrew, President and CEO said: "The identification of these northeast structures southwest of the Jack Lake deposit is a significant development. The fact that anomalous gold values are found in all three reconnaissance sampling techniques (prospecting, soil and lake sediment samples), strongly suggests that gold mineralization occurs along these structures. Nearly the entire length of these newly identified structures occur in low lying swampy areas. Drill testing these structures is a priority for Fairmont."
Promising Results - Announced results from its summer field program on the Houghton Creek Property, located in Northwestern Ontario. The program returned several grab samples with anomalous gold mineralization ranging from 0.02 g/t to 0.79 g/t with one sample returning 4.11 g/t gold, all hosted in sheared sulphide-rich granodioritic rocks. The mineralization is accompanied by elevated silver (up to 130.93 g/t) and zinc (up to 0.87 wt.
Claims - Announced that an additional 9 claims have been staked totaling 1,312 hectares surrounding the original Houghton Creek Property, located in Northwestern Ontario. The property was expanded to encompass prospective geology and several northeast trending structures, parallel to the historic, gold bearing Houghton Creek structure.
Favorable Regulation - Fairmont Resources operates in politically friendly and mining friendly regions of Canada. Successful Neighbors - The Marmion South Contact Property west of Thunder Bay is adjacent to Osisko Mining Corporation's 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 (Placer Development Limited 1981 — Assessment Work Report # 52B14SW0066).
Exchanges - Fairmont Resources trades on the Toronto Stock Exchange under the ticker FMR and on the OTCBB stock exchange under the ticker FRSSF.
Huge Market - Fairmont Resources is an aggressive explorer with focus on development of gold projects with "Camp Scale" potential, within cost effective regions of Canada.
Options - Holds an option to acquire a 100% interest in the Marmion South Contact property, which consists of 47 mineral claims covering an area of 8,208 hectares located in the Thunder Bay Mining Division, Ontario; and a 70% interest in 11 mineral tenures comprising the Powell property and 10 mineral tenures comprising the Clay property with a total area of 3,277 hectares, located near Thunder Bay, Ontario.
Fairmont Resources (TSX: FMR) and (OTC: FRSSF) is an aggressive explorer with focus on development of gold projects with "Camp Scale" potential, within cost effective, politically friendly, mining friendly regions of Canada. It holds an option to acquire a 100% interest in the Marmion South Contact property, which consists of 47 mineral claims covering an area of 8,208 hectares located in the Thunder Bay Mining Division, Ontario; and a 70% interest in 11 mineral tenures comprising the Powell property and 10 mineral tenures comprising the Clay property with a total area of 3,277 hectares, located near Thunder Bay, Ontario.
The 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 oz of gold at a grade of 6.51 g/t. an additional 9 claims have been staked totaling 1,312 hectares surrounding the original Houghton Creek Property, located in Northwestern Ontario. The property was expanded to encompass prospective geology and several northeast trending structures, parallel to the historic, gold bearing Houghton Creek structure.
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