Fairmont Receives Permission from Hydro-Quebec to Operate Within Power-Line Corridor
May 15 2014 - 9:25AM
Marketwired
Fairmont Receives Permission from Hydro-Quebec to Operate Within
Power-Line Corridor
- Permission granted for access Hydro Quebec road at BEX 1270
(Buttercup Lease)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2014) -
Fairmont Resources Inc.
(TSX-VENTURE:FMR)(PINKSHEETS:FRSSF)(FRANKFURT:F0O1) ("Fairmont") is
pleased to announce it has received permission from Hydro Quebec to
access roads and the Power-Line Corridor in proximity to the Power
Line and Transmission Towers (see Map 1).
Fairmont has agreed to (but not limited to):
- refrain from doing any act that can be detrimental to the
facilities (Transmission Towers and Power Lines) located on the
premises or nearby.
- obtain any required permit of any authority municipal,
provincial or federal, and follow all municipal regulations or laws
in force.
- notify a representative of the technical services of the Hydro
Quebec five (5) working days before the date of the commencement of
the work, obtain and observe the safety instructions and methods of
work for quarries near power lines.
- obtain general liability insurance for a minimum $2 million of
coverage.
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.
Map 1 - Location of BEX 1270 in Relation to Hydro Quebec
Power-Line Corridor
http://fairmontresources.ca/pdf/20140515MAP1.pdf
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.
For more information please contact
Michael A. Dehn, President and CEO, Fairmont Resources Inc.
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.
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.ca