- Property is located approximately 60 km north of Val d’Or Quebec.
- Contiguous to the north and south of RB Energy’s Quebec Lithium Mine with a published measured and indicated resources (at a 0.60% Li2O cutoff) of 41,556,000 tonnes at 1.09% Li2O, and an inferred resource of (at a 0.60% Li20 cutoff) of 17,766,000 million tonnes at 1.10% Li2O
- Also contiguous to Jourdan Resources Vallee Lithium property that drilled more than 4000m of core in 2011 and intersected more 100 pegmatite and aplite dikes.
- Jourdan Resources intersected values of up to 1.187% Li2O over 5.50m
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Demand has been increasing in recent years and is currently strong in Europe, Asia, and North America for Granite and industrial minerals.
- Modernized Granite processing facility worth millions of Euros http://www.fairmontresources.ca/gallery-gf.php
- Inventory worth in excess of a million euros http://www.fairmontresources.ca/gallery-gp.php
- FMR receiving strong interest from finance parties in Europe, U.S., and Canada to fund up to 8m euros ($12m CDN) in senior secured debt to complete the acquisition and provide the company with a large operating cash cushion.
GRABASA
- Fully operational processing and finishing facility, the former assets of Granitos de Badajoz S.A.
- 250,000 square metres of annual production capacity
- Total acquisition cost of EUR4.275 million
- Mine licenses and processing facility will make Fairmont one of the largest granite producers in Europe
Tags: #mining, #smallcapstocks, $TSXV, Granite, Jourdan Resources, lithium, RB Energy