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FAIRMONT PROVIDES EXPLORATION UPDATE ON MARMION SOUTH CONTACT PROPERTY, ONTARIO
Jun. 24, 2011 (TheNewswire.ca) -- June 24, 2011 ---Vancouver, BC ---Fairmont Resources Inc. ...
About this update from Future Mineral Resources Inc.
[{"type":"text","content":"\nFAIRMONT PROVIDES EXPLORATION UPDATE ON MARMION SOUTH CONTACT PROPERTY, ONTARIO\n\n Jun. 24, 2011 (TheNewswire.ca) -- June 24, 2011 ---Vancouver, BC ---Fairmont Resources Inc. (FMR: TSX-V)(\"Fairmont\") Fairmont is pleased to report that the initial phase of evaluation of the Marmion South Contact Property (the Property\") has been completed. The property lies south of and contiguous to Osisko Mining Corporation's (TSX:OSK) (OOTC:OSKFF) Hammond Reef gold project (6.7 million ounce NI 43-101 compliant gold resource in the ‘Inferred' category www.osisko.com) near Atikokan, west of Thunder Bay.Prospecting and sampling was conducted in parts of the property underlain by the Marmion Lake Batholith, host to Osisko's Hammond Reef deposit. Attention was focused on potential southwest extensions of the shear hosted Jack Lake deposit (non NI43-101 compliant historical resource of 90,000 tonnes at 15.6 g/T, Ontario Geological Survey report) and Clearwater showing that lie within the adjacent Osisko claims to the north, and the Almada showing where a historical grab sample grading 6.34 g/T was recorded by Noranda in 1990. A total of 42 grab rock samples and 81 soil samples were collected in these two areas. Other historically defined prospects - McKinnon, Partridge, Pickering and Smokey Shear - were located and the surrounding ares sampled for a total of 32 grab rock samples.The work also consisted of identifying the location of historical drill holes in the area of the historical Olcott gold showing; prospecting, channel and grab rock and soil sampling across a potentially mineralized 3 km long corridor within greenstones of the Central Wabigoon Subprovince. The corridor trends northeastward from Olcott toward the Agnico Eagle propsect, which lies just outside the property boundary. Historical drilling at Olcott returned up to 2.51 g/T gold over 10.8 metres and up to 34.3 g/T gold over 0.75 metre at Agnico Eagle according to Ontario Geological Survey reports. A total of 41 grab and 159 channel rock samples, as well as 127 soil samples, were collected across chlorite-sericite altered, foliated shear zones within this corridor, some in areas where historical trenching was observed. Sampling of the White Lake prospect to the southwest included 17 channel and 18 grab rock samples.Bernard Dewonck, president of Fairmont, comments: \"We ...