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NEW CLIENT ALERT: AGORACOM Welcomes CKR Carbon Corporation $CKR.ca

Posted by AGORACOM-JC at 11:04 AM on Tuesday, August 15th, 2017

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WHY CKR CARBON?

  • Only historical graphite producer in Namibia
  • High grade vein type deposit
  • Produced 25,000 tonnes of graphite periodically between 1940 and 1974
  • Occurs within a shear zone within the Namaqua Complex
  • Medium to large flake distribution
  • Located 120 miles from the Port of Luderitz
  • Underground water available on site

 

View Aukam Graphite Deposit 2016 Technical Report

CKR is an emerging Advanced Materials company focused on developing its 63% owned Lump graphite mine in Namibia. CKR expects to generate revenue supplying feed to a pre-existing processing facility in Namibia for refinement. CKR intends use of proceeds to contribute to its internal development of a Graphene tire to supply to the auto industry within the next 12 to 18 months.

The Aukam Mine

 

Requires Namibian Ministry of natural resources approval (2 environmental assessments) to reinstate all the mine; which has sat idle since 1974. There are open adits, underground narrow high grade veining of high quality, around 20% Carbon.  The graphite has the highest degree of crystallinity of all forms of graphite. There is no need to prove up mine beyond certain parameters, the mine is not the “asset” driving value; it’s the quality and purity of the graphite that allows for better economics in processing into graphene for “future” uses.

It’s the refinement of their “asset” for commercialization purposes that will drive value. CAPEX is very low, starting at 800k, CKR plans to produce 100tonnes of graphite per annum at $80 to 100$ p/t.

Aukam is scaleable – within the context of a growing market.

Commercialization will occur inside Namibia, qualifying the purification/processing of its graphite into a saleable, refined graphene suitable as inputs into the burgeoning Advanced Materials market. CKR intends to utilize its own graphene for development and industrial production of automobile tires containing graphene.  The addition of graphene is intended to reduce wear and tear and achieve greater longevity.

The Aukam mine  is a small though integral element for CKR to augment into its desired state, without it the company would not be as opportunistic  in the belief that they can mine, process and refine to revenue that will support their R&D in an emerging Graphene market. CKR seeks to develop sustainable revenue through Aukam mining that is supportive of internal R&D, developing applications for consumer and commercial uses within the car tire subsegment of the Automobile Industry

Accessibility, Climate, Local Resources, Infrastructure and Physiography

Accessibility

Access to the property farm gate is via a 52.6 km graded gravel road (D446 and D727) from the main tar road (B4 Highway). This road is accessible to conventional cars. From the farm gate to the foot of the range that hosts the deposit (another 1km) is accessible by four-wheel drive gravel track, but essentially all-weather. The mine site workings are on a rugged slope and there is limited access by a bulldozed road. Access to the upper adits and open pit is by foot.

Climate

The Aukam Graphite deposit is located in an area of southern Namibia with both summer and winter rainfall. In the austral summer, daytime temperatures peak in the mid 40° Celsius, while in winter temperatures can go as low as freezing. Rainfall in winter is generally light drizzle with occasional harder falls and sometimes flurries. In summer, the rainfall is associated with occasional thunderstorms and is of short duration, but can be of very high intensity. All of the streams within the area are ephemeral and can flow very strongly after summer rainfall. Average annual rainfall is 50-150 mm.

Infrastructure

The infrastructure in the area is good with access to the site possible throughout the year. The Aukam Graphite deposit is relatively close to a main tar road and well graded so the only construction required would be a ±2 km long access road to site. There is a national power grid that passes 2 km from the property. A link would likely be required. Water is available in large amounts from underground aquifers (there is an old pump station at the foot of the mountain which was used previously to supply operations with water). The nearest rail link is located next to the main highway (some 70 km from site). Suitable areas for tailings dams and flotation plants are available dependent on eventual plant design. The nearest town of Aus is some 87 km away by road. The area is very arid farmland. 

Physiography

The Aukam Graphite deposit lies at an elevation between 1150m and 1300m above sea level. The surrounding area is up until 1450m above sea level at the highest point. The area is rugged with steep sided valleys and abrupt changes in local relief caused by differential erosion.

Geological Setting

The Aukam graphite deposit daylights in an erosional window incised through the hard layers of sedimentary rocks that mantle southern Namibia. The older hosting rocks, known as the Namaqualand Complex, are assemblage of gneisses, marbles, schists, quartzites, amphibolites with nested intrusive rocks including granite and gabbros. This suite of rocks indicates that the entire complex was once deeply buried. Intrusive events of charnockites have been dated between 1300 and 900 million years ago (Kroner and Blignault, 1976). Steep dipping shear zones are common and some are dated by Joubert (1974) around 1200 million years ago.

A prominent flat-lying and resistant sediment layer overlies the erosional unconformity at the top of the Namaqualand Complex. The specific formation has yet to be confirmed; however, it is likely to be the lowest most member of the Nama Group (Dabis Formation).

Hydrothermal alteration is common to some rocks in the window as is pegmatite veining. Both are evidence of hot water flowing through the rock. The graphite occurs at one such site where over-pressured hot waters evidently carrying carbon dioxide and maybe methane mineralized carbon into a zone of broken rock. This hosting “shear zone” is exposed for 350 m.

Reimer (1984) identified the sheared host rock at Aukam as Proterozoic granite hydrothermally altered to kaolinite and speculated on a biogenic origin to the graphite. However, he also considers Mueller’s (1971) opinion that veins from an unspecified location in Namibia sounding like Aukam was an “inorganic derivation of the hydrocarbons”.

Schneider and Genis [2001] have published a brief description of the graphite deposit:

“The zone comprises three parallel lodes. Veins, lenses and pockets of ore, several centimeters wide, dip 70 to 90 degrees to the south. The graphite, which is of the fine-flakey to lumpy type, usually contains malachite specs, while sulphur occurs along cracks. The graphite veins are flanked by a pale-green, highly epidotized and kaolinized granite which is soft and highly decomposed.”

The grayish rock and lineaments in the Aukam shear zone are clearly visible in satellite imagery. An inspection of the satellite data has yet to find a similar structure, although there are multiple locations demonstrating alteration that need to be investigated.

 

 

 

Far East Tensions Cause Gold Prices to Perk, GREAT News for…$AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 12:34 PM on Friday, August 11th, 2017
  • Gold soared to two-month highs on Friday, as investors of all stripes sought refuge from the uncertainty of escalating tensions between North Korea and the United States

U.S President Donald Trump warned North Korea again on Thursday not to strike Guam or U.S. allies, saying his earlier threat to unleash “fire and fury” on Pyongyang if Kim Jong-un launched an attack may not have been tough enough.

Spot gold was up 0.3% at $1,290.36 U.S. per ounce, set for its biggest weekly gains since April. It earlier hit its highest since June 8 at $1,288.97 U.S. an ounce.

Geopolitical risks can improve demand for assets considered safe-haven investments such as gold.

Silver added 0.4% to $17.15 U.S. per ounce after hitting $17.24, its highest since June 14, in the previous session. It was on course for an over 5% weekly rise, the highest such gain since July 2016.

Platinum climbed 1.2% to $987.70 U.S. per ounce after touching $984.60 U.S. during the session, its highest since April 18. It was up about 2% for the week so far.

Palladium climbed 0.3% to $899.50 U.S. per ounce and was on track to end the week 2.3% higher.

Source: http://www.baystreet.ca/commodities/1212/Far-East-Tensions-Cause-Gold-Prices-to-Perk

INTERVIEW: American Creek Discusses New Intersections of Mineralization Grading 5.1 Meters of 9.57 G/T Gold $AMK.ca

Posted by AGORACOM-JC at 11:56 AM on Thursday, August 10th, 2017

St-Georges to Develop Extraction Technology for Lithium Developer $SX.ca

Posted by AGORACOM-JC at 11:25 AM on Thursday, August 10th, 2017

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  • Signed binding term sheet with Iconic Minerals Ltd (TSX-V: ICM)
  • St-Georges has agreed to provide research and development utilizing products, extraction methods and proprietary technology to develop Iconic’s Bonnie Claire lithium project in separation, recovery, and purification of lithium from its lithium bearing material

Montreal, Quebec / August 10, 2017 – St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has signed a binding term sheet with Iconic Minerals Ltd (TSX-V: ICM) pursuant to which St-Georges has agreed to provide research and development utilizing products, extraction methods and proprietary technology to develop Iconic’s Bonnie Claire lithium project in separation, recovery, and purification of lithium from its lithium bearing material.

In consideration for the R&D, which will include engineering services, and once a definitive agreement has been entered into, Iconic has agreed, subject to receipt of acceptance by the TSX Venture Exchange, to issue St-Georges up to 5,000,000 common shares of its capital stock. The issuance will be done in stages over a 36-month period commencing on the date of execution of the Definitive Agreement. St-Georges has agreed that any and all Compensation Shares issued will be held by a third party escrow agent and released to St-Georges at the end of the 36-month period, contingent on St-Georges reaching certain performance benchmarks.

The Parties will establish a royalty stream on the commercial output of the Property for the entire mine life, which will be opposable to any successors of Iconic as a lien on the mining assets. St-Georges and Iconic will negotiate a right of first refusal in favor of Iconic. The royalty, of which further details will be defined in the definitive agreement within the guidelines of the “Royalty Formula” of the binding term sheet, will take the form of a 5% Net Revenue Interest or Net Revenue Return.

A further News Release will be disseminated once the Definitive Agreement has been entered into. The definitive agreement will be subject to acceptance of the board of directors of both companies and subject to review by regulatory authorities.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas’

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company control directly or indirectly all of the active mineral tenures in Iceland. It also explores for Nickel on the Julie Nickel Project & for industrial minerals on the Quebec’s North Shore and for Lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

American Creek Reports New Gold Zone Discovery at Treaty Creek – Intersects Stratabound Mineralization Grading 5.1 Meters of 9.57 G/T Gold $AMK.ca

Posted by AGORACOM-JC at 9:31 AM on Wednesday, August 9th, 2017

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  • Announced that JV partner and operator Tudor Gold Corp has discovered a new gold zone at the Treaty Creek Project
  • Stratabound Mineralization Grading 5.1 Meters of 9.57 G/T Gold
  • Five additional holes have been completed on this target at the Treaty Creek Property and assays are pending

CARDSTON, ALBERTA–(Aug. 9, 2017) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) (“the Corporation”) is pleased to announce that JV partner and operator Tudor Gold Corp. (“Tudor”) has discovered a new gold zone at the Treaty Creek Project located in BC’s “Golden Triangle” immediately north of, and in the same hydrothermal system as, Seabridge Gold’s KSM project and Pretivm’s Brucejack project.

Tudor reported the following:

[The new zone was intersected in Hole HC-17-01 designed to test for northern extensions of GR2 zone mineralization as encountered in previous drilling in 2007 and 2009. Hole HC-17-01 intersected a stratabound, brecciated and silicified sulphide venting zone containing tetrahedrite, Sb-sulphosalts and pyrite located at the contact between an upper pervasively hydrothermally altered volcaniclastic unit and a footwall mudstone unit. The entire interval from 247.3 to 254.45m returned 7.15m of 6.20 g/t gold, including the venting zone – 1.05m of 4.12 g/t gold from 247.3 to 248.35m – and the vented sulphides in the immediate footwall mudstones – 5.1m of 9.57 g/t gold from 249.35m to 254.45m. True widths are uncertain at this time.

Five additional holes have been completed on this target at the Treaty Creek Property and assays are pending. Concurrently, drilling is proceeding with a second drill on the adjacent Copper Belle zone on porphyry gold and gold-copper targets. A third drill is being mobilized to the Treaty Creek Property.

Walter Storm, President and CEO of Tudor Gold commented as follows: “We are very encouraged by the results from the first hole into this target, particularly as it appears gold mineralization is extending to the north. The style of mineralization, stratabound sulphides, particularly tetraedrite, elevated gold values, hosted in mudstones, is also encouraging as it has affinities with the unique Eskay Creek mine mineralization located 12 km to the west.”]

Darren Blaney, President and CEO of American Creek stated: “This is a great start to the drill program at Treaty Creek. What is most exciting is that this newly discovered northern zone has key Eskay signatures such as stratiform mineralization, a mudstone host, and tetrahedrite. This may well be the catalyst to the Treaty Creek Project getting the market exposure and recognition it deserves. With three drills now turning on the property, we look forward to further developments as the program advances.”

Tudor’s main goals for the 2017 Treaty Creek program as outlined in their previous April 4, 2017 news release are: “Two of the primary goals of the 2017 exploration program on the Treaty Creek claims are to develop a primary resource estimate on the Copper Belle zone and to determine how much further drilling is required to develop a preliminary resource estimate on the GR2 zone.”

A summary of the Treaty Creek project can be viewed here: http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf

The Treaty Creek Project is a joint venture between Tudor, Teuton Resources Corp., and American Creek. Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% carried interests in the property (fully carried until a production notice is given).

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three “Golden Triangle” gold/silver properties; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor as well as the recently acquired 100% owned past producing Dunwell Mine group of properties. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, Red Tusk and Glitter King.

Information relating to the Corporation is available on its website at www.americancreek.com.

Neither the 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.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

BULLETIN: Gold Prices Score a Lift as Dollar Softens $AMK.ca $EXS.ca $MQR.ca $OPW.ca $GGX.ca $GR.ca

Posted by AGORACOM-JC at 10:19 AM on Tuesday, August 8th, 2017
  • Gold futures rose on Tuesday as the U.S. dollar retreated, giving dollar-pegged commodities a modest lift in early trade.
  • December gold GCZ7, +0.28%  was $5.80, or 0.5%, higher at $1,270.50 an ounce, with the contract looking at back-to-back gains after Monday’s tepid rise.

The ICE U.S. Dollar Index DXY, -0.12% a gauge of the buck against a half-dozen currency rivals, was down 0.1%. Although the dollar has climbed 0.5% so far this month, the currency gauge is down 2.8% over the past 30 days, underscoring the greenback’s recent downtrend amid doubts about the pace of economic growth in the U.S., including signs of weaker-than-hoped-for inflation. The uncertain economic picture leaves financial markets wondering if the Federal Reserve will raise interest rates again this year.

A softening dollar can make assets linked to the currency more attractive to buyers using weaker currencies.

Meanwhile, September silver SIU7, +0.79% added 12 cents, or 0.8%, at $16.38, putting the white metal in position to end a four-session slide.

Tuesday’s rise for metals also comes amid heightened geopolitical risk, headlined by rising tensions between the U.S. and North Korea and its nuclear aspirations.

“Gold needs to break and trade over $1273.30 [an ounce] for the rest of the day to zoom,” said Chintan Karnani, chief market analyst at Insignia Consultants, based in New Delhi.

“Political news from [the U.S.] will be the key market mover today. The fact that U.S. dollar has not zoomed after the release of Friday’s July nonfarm payrolls can result in more losses for the greenback in the short term,” Karnani said.

The Labor Department on Friday showed that the U.S. added a better-than-expected 209,000 in July, pushing the unemployment rate to a 16-year low at 4.3%, but wage data remained tepid.

Mark O’Byrne, research director at GoldCore Ltd., said Friday’s selling in gold after the jobs report may have been overdone and said recent moves for the metal reflects that view. It’s also reflective of an uptick in concerns about meaningfully adding to assets perceived as risky with concerns persisting over drama in President Donald Trump’s White House and worries about a potential hike to the U.S. debt ceiling to avoid a government shutdown.

“I think there’s a little bit of risk aversion in the market,” O’Byrne said.

The Goldcore analyst said he’s optimistic on gold’s price for those reasons but recognizes that it could easily swing lower on sentiment that favors risk assets like stocks, with the Dow Jones Industrial Average DJIA, -0.14% and the S&P 500 index SPX, -0.16% both hitting all-time highs on Monday.

Tuesday’s modest gains in metals also comes as China trade data showed July exports and imports grew at a slower pace than they had recently, which should be a headwind for commodities prices.

Lackluster data have pressured shares of European miners, including iron-ore producers BHP Billiton PLC BLT, -1.29% BHP, -1.41% BHP, -0.23%  and Rio Tinto PLC RIO, -1.66% RIO, -1.25% RIO, -0.45% Anglo American PLC AAL, -0.50% lost 0.5%, while copper miner Antofagasta PLC ANTO, -0.52% moved down 1.2%.

In exchange-traded funds, the SPDR Gold Shares GLD, +0.45% rose 0.5% premarket, mining-company focused VanEck Vectors Gold Miners ETF GDX, +0.86% advanced 0.9%, while silver-oriented iShares Silver SLV, +1.17% gained 0.9%.

Source: http://www.marketwatch.com/story/gold-prices-score-a-lift-as-dollar-softens-2017-08-08

Explor $EXS.ca Flagship Hosts NI 43-101 Resource – 609K Oz Indicated , 470K Oz Inferred $EXS.ca

Posted by AGORACOM-JC at 9:54 AM on Friday, August 4th, 2017

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Property Is 13 KM From Downtown Timmins

River Valley #PGM Project Canada’s Largest Undeveloped Primary PGM Resource, With 2.5 Moz PGM In Measured Plus Indicated Mineral Resources $NAM.ca

Posted by AGORACOM-JC at 5:18 PM on Thursday, August 3rd, 2017

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(NAM:TSXV)

  • PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources.

River Valley PGM Project

Largest Undeveloped Primary PGM Deposit in Canada

River Valley PGM Project is located 100 km east of Sudbury, Ontario

  • Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities in the World
  • Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
  • Excellent Road Access to River Valley Property; Rail and Power Nearby
  • $30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy

FEATURE: COAL, the world’s largest source of energy for the production of electricity $AEXE.us

Posted by AGORACOM-JC at 10:33 AM on Thursday, August 3rd, 2017

  • Coal is the world’s largest source of energy for the production of electricity.
  • 1 billion tons of coal used in global industrial steel production each year.
  • There are zero alternatives to coal in the industrial steel-making process.

Anthracite Coal

What Is It and Why This Is So Important?

Anthracite is officially classified as coal however it is not just another fuel, anthracite should not be confused with just ordinary bituminous coal.

Anthracite is the highest quality metallurgical coal available, clean burning, hard coal with the highest carbon content of any coal, very energy efficient and even burns smoke free.

This premium coal represents only 1% of world coal reserves.

Fairmont Resources Inc. Completes Sale of Rome Lithium Property, Update on Grabasa Acquisition and Eureka Trading, and Canadian Projects $FMR.ca

Posted by AGORACOM-JC at 9:30 AM on Thursday, August 3rd, 2017

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  • No superior offers have been received for the Rome Lithium Property, and as a result the Company has agreed to move forward with the previously announced transaction

Vancouver, British Columbia–(August 3, 2017) – Fairmont Resources Inc. (TSXV: FMR) (“Fairmont or the “Company”) announces that no superior offers have been received for the Rome Lithium Property, and as a result the Company has agreed to move forward with the previously announced transaction (Press Release dated June 29, 2017) with Jourdan Resources Inc. (“Jourdan”) Upon TSX approval, Fairmont will receive $25,000 cash ($25,000 was received as part of a Right of First Refusal associated with signing the Letter of Intent), 1,500,000 shares of Jourdan, and a 2% NSR on the Rome property.

Grabasa

Fairmont has received notice that its appeal of the Spanish Court’s termination of Fairmont’s offer to acquire certain assets of Granitos de Badajoz (“Grabasa”) has been denied. On July 7, 2017, the Spanish Court declined Fairmont’s appeal and upheld the decision to terminate Fairmont’s bid for the Grabasa assets. Fairmont is currently assessing its options. Fairmont is still free to bid for the asset in an open competition, and continues to work with potential funding partners.

Eureka Trading

Fairmont has also made a decision not to appeal the Spanish Court’s Decision with respect to Eureka Trading’s claim for a success fee relating to the failed attempt to purchase the Grabasa assets. The Company has determined that launching a proper appeal in Spain, which could continue for years, would cost hundreds of thousands of dollars, and that the company’s resources are best directed elsewhere. The Company is working on settlement options with respect to this issue.

Other Canadian Projects

The past producing Lac Brule Quartz Mine that Fairmont Resources completely surrounds was recently sold by the previous owner and dewatering of the open pit has commenced. It is unclear at this time if the new owner is looking to produce quartz or aggregate. Additional information will be provided on the Company’s website as it becomes available.

The sampling for PCC from the Baie Comeau Quartzite property has been collected and arrangements to ship the sample to Germany are underway.

Several interested parties have approached Fairmont with respect to the acquisition of both the Forestville and Baie Comeau Quartzite properties, but no decision has been made with respect to the offers. Fairmont would consider JV partners to help accelerate the development of these projects, and interested parties are encouraged to contact the Company.

With respect to the Buttercup property, which is under binding letter agreement with Prophecy Development Corp. (announced on July 21, 2017), developments towards extracting aggregate are moving forward and Fairmont and its consultants in Quebec are assisting Prophecy in contacting local drilling, blasting, crushing and hauling contractors who had previously been working with Fairmont to develop the project. Fairmont is very encouraged by the dedication that Prophecy’s management team is giving to the project, and the Company expects aggregate extraction equipment to be on site in August 2017. The closing of the transaction is subject to Prophecy being satisfied with the results of its due diligence that may include bulk sampling.

About Fairmont Resources Inc.

Fairmont Resources Inc. is a rapidly growing industrial mineral company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for ferro silicon production.

On behalf of the Board of Directors,

Michael A. Dehn
President and CEO, Fairmont Resources Inc.
Tel:647-477-2382
[email protected]
www.fairmontresources.ca

For further information please contact:

Doren Quinton,
President QIS Capital
Tel:250-377-1182
[email protected]
www.smallcaps.ca

 

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 ability to complete the proposed private placement financing, limited operating history and the need to comply with environmental and governmental regulations. 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.