Fairmont Resources Investor Highlights

Profile

Fairmont Resources (TSX: FMR.V) 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.

Properties

Houghton Creek Property

Houghton Creek Property covers a northeast trending shear zone hosted by the granodioritic Houghton Lake Stock located in the Savant Lake Greenstone belt. The Savant Lake greenstone belt forms part of the Wabigoon Subprovince located in Northwestern Ontario. The Property has seen only limited prospecting, trenching and two short, narrow diameter (Winkie drill) diamond drill holes, drill by Noranda Exploration Company Limited in 1991.

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. The property is also located 50 kilometers due north of the historic Sturgeon Lake Volcanogenic Massive Sulphide (“VMS”) Mining Camp, with 5 past producers which operated from the early 1970s through to the early 1990s, the largest of which, the Mattabi Mine produced 13.5 million tons at 7.5% Zn, 0.88% Cu, 0.77% Pb, and 3.1 oz/t Ag. Both the Sturgeon Lake and Savant Lake greenstone belts are well known for their VMS mineralization.

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Marmion Contact South Property

The Marmion South Contact Property consists of 8,208 hectares and is located approximately 200 km west of Thunder Bay. The property is accessed via the Trans-Canada Highway 11 from Thunder Bay to the town of Atikokan than accessed by a secondary highway with several logging roads providing access within the property. A major railway line and an electrical grid are located just a few kilometres south of the property. These infrastructures serve the community of Atikokan and the surrounding areas. Both skilled and semi-skilled labour is readily available from Thunder Bay and Atikokan, respectively.

The property is adjacent to the past producing Atiko Gold Mine to the east and Osisko Mining Corporation's ("Osisko") 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).  **Exploration over the past several years has identified other prospects, including the Agnico-Eagle prospect (returned drill hole result of up to 1.0 oz/ton gold over 0.75m), the White Lake prospect (returned grab sample result of up to 0.37 oz/t gold and drill hole result of 0.45 g/t gold over 7.0 m) and a prospective structure known as the Smokey Shear approximately 2 km long located near the northern boundary of the Property. These gold assay values are from various historical assessment and prospecting reports and have not been verified by Fairmont.

Gold mineralization on the property is associated with pyrite +/- arsenopyrite and occurs within shear zone-hosted quartz veins/stringers and altered host rocks. The property is underlain by Archean granite-greenstone rocks of the Central Wabigoon Subprovince within the geological Superior Province of the Canadian Shield. The northern half of the property is underlain by granitic rocks of the Marmion batholithic complex which hosts some of the gold deposits on the adjacent Hammond Reef property of Osisko. Volcanic and gabbroic rocks dominating the southern half of the property are bound by a major crustal break, the Quetico Fault and its subsidiary structures. Gold and copper mineralization in the volcanic and gabbroic rocks is structurally controlled by east-northeast to east-striking shear zones which are possibly related to the Quetico Fault system.

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Powell-Clay Property

The Powell-Clay property is located within the western Shebandowan greenstone belt of the Wawa sub-province. The subprovince extends for approximately 850 km from the Kapuskasing Structural Zone in northeastern Ontario to west-southwest in the Minnesota River Valley area (U.S.A.).  The property is located along a 25 km long mineralized corridor that includes properties held by Xstrata/Rainy Mountain Resources and Moss Lake Gold Mines. The Wawa Subprovince is home to some of the largest shear- hosted lode gold deposits (e.g., Hemlo gold camp), volcanogenic massive sulphide deposits (e.g., former Geco and Winston Lake zinc mines), and mafic to ultarmafic intrusion-hosted Ni-Cu-PGM deposits (e.g., former Shebandowan mine) in Canada.

Powell Claims

The Powell property consists of 12 claims (86 claim units) with an area of 14.66 km and is also located approximately 125 km west of Thunder Bay, Ontario in the Shebandowan greenstone belt. The property has been surveyed with lines, geology, IP, magnetics and an airborne VTEM and magnetic survey. Limited diamond drilling has been done although trenching has been carried out over a wider area. Several significant gold showings have been located and a number of IP anomalies still require trenching or drilling.

Clay Claims

The Clay property consists of 9 claims (112 claim units) with an area of 16.90 km and is located approximately 125 km west of Thunder Bay, Ontario in the Shebandowan greenstone belt. The property is contiguous with the Powell claim group and covers the west and south extension of Powell. The property covers the west extension of the structure and stratigraphic of the Hamlin IOCG (iron-oxide-copper-gold) system. The magnetic anomaly associated with the copper bearing breccia extends west onto Clay and breccias have been mapped on the east boundary of Clay. A detailed mapping program followed by IP-mag traverses are planned to trace the IOCG system.

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Management

Neil Pettigrew - President, Chief Executive Officer & Director

Mr. Pettigrew received his BSc (honours) in geology degree from the University of New Brunswick in 1999 and his MSc degree in earth sciences from the University of Ottawa in 2004. He has worked for several junior and major companies in gold and copper-nickel-platinum-group-element exploration, most notably Avalon Ventures Ltd., Temex Resources Corp., Rainy River Resources Ltd., Placer Dome CLA Inc. and Goldcorp Inc. He has also worked for the Ontario Geological Survey as a senior Precambrian geoscientist. Currently, Mr. Pettigrew serves as vice-president, exploration, of PC Gold Inc., an exploration and development company listed on the Toronto Stock Exchange. Mr. Pettigrew is also a founder of Fladgate Exploration Consulting Corp. of Thunder Bay, Ont., a full-service mineral exploration consulting firm with over 60 employees and a roster of publicly traded clients.

Greg Ball - Chief Financial Officer & Director

Mr. Ball has worked in the accounting field for the past 23 years. In the past 10 years, Mr. Ball served as a controller at Black Top & Checker Cabs and Pacific Western Brewing Co.; Since January 2005, Mr. Ball has been a senior accountant with the Da Costa Management Corp. Mr. Ball has a Bachelor of Science in Mathematics from the University of Alberta and received his CGA designation in August of 2005.