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RE:Fairmont profile in Bull & Bear

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BULL & BEAR

VOL. 27 NO. 01 • October 2015

Page 14

Fairmont to Begin Drilling at Forestville Quartzite Property; New Quartzite Zone Discovered

Fairmont Resources (TSX.V: FMR) is about to commence drilling at the Forestville Quartzite Property. The drill will be operated by the CFP Forestville as part of their Diamond Drilling Education Program. Magnor Exploration Inc. 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. A numer of 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. 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. Fairmont recently received a Certificate of Authorization, allowing 300,000 tonnes annual titano-magnetite aggregate production from the Buttercup property. Fairmont completed the first blast on the Buttercup Property, part of its plan to put one project into production per year, and permitting a high purity silica project in 2015.