Fairmont Resources Inc. is making strides in advancing the permitting process for its Buttercup Property near Saguenay, Quebec. The company recently acquired the Buttercup property with an Exclusive Lease to Mine Surface Mineral Substances, covering a sizable surface area of 15.3 hectares.
Fairmont has taken the initiative to submit permit applications for tree removal and road repair/construction, as well as for the Certificate of Authority to commence operations. They are optimistic about receiving decisions on permits by June 2014.
To aid in obtaining the necessary authorization from the Ministry of Environment and Resources in Quebec, Fairmont has enlisted the help of Vital Consultants. This signifies the company’s commitment to ensuring compliance and efficiency in their operations.
The Quebec properties owned by Fairmont boast numerous occurrences of high-grade titaniferous magnetite with vanadium, demonstrating exceptional uniformity in grade where tested. Their proximity to tide water, with the Grand Anse Sea Terminal at the Port of Saguenay within 100km, adds to the appeal of these properties.
While looking towards the future, Fairmont acknowledges the inherent uncertainties in the mining industry. However, they are confident in their management’s estimates, beliefs, intentions, and expectations. The company remains focused on their exploration program and potential for growth in the Quebec region.
As Fairmont progresses with their Buttercup project, investors and stakeholders can anticipate further updates on their advancements in the coming months.
