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Streetwire on Fairmont Resources - Stockwatch reporter

[Tommer3]

Michael Dehn's Fairmont Resources Inc. (FMR), down one cent to 13.5 cents on 27,000 shares, is set to drill its Forestville quartzite property in the North Shore district of Quebec. Fairmont can earn a 100-per-cent interest in the project with modest cash and stock payments and an equally small exploration commitment. Mr. Dehn, CEO, says Fairmont optioned the property to test the properties of the quartzite as a potential raw material for use in high-purity glass, fibre optics, ferrosilicon and silicon metal. (A large number of samples produced assays of up to 99.8 per cent silicon dioxide.)

Meanwhile, Mr. Dehn says he has been entertaining potential customers at his company's Buttercup project in Quebec. He now calls Buttercup a "dense aggregate" project; earlier he had been touting the play as a source of feed for blast furnaces because of its high titanium and vanadium content. (A historical resource of 3.5 million tonnes averaged 50 per cent iron, 20 per cent titanium dioxide and 0.65 per cent vanadium pentoxide.) As a dense aggregate, the material would apparently be used to produce concrete-coated pipelines, since the weight of the Buttercup rock would be sufficient to make the resulting pipelines heavier than water.