BALTIMORE, Oct. 22, 2012 (GLOBE NEWSWIRE) -- Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, has issued research coverage of Fairmont Resources Inc. (TSX-V:FMR) (OTCPK:FRSSF), an aggressive explorer focused on the development of strategic properties in the Thunder Bay region of Ontario.
Fairmont Resources' key projects, Marmion South Contact, Powell-Clay, and Houghton Creek properties are all located in the mining friendly jurisdiction of Ontario, which have a history of not only past production but recent discovery. One of these properties, Marmion South Contact, is contiguous with Osisko's well-known Hammond Reef gold deposit which contains an 43-101 compliant inferred resource of 10.52 million ounces of gold at 0.62 g/t. The Hammond Reef project has been one of the largest drilling/exploration projects in North America in the last couple of years.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.
"Given that Hammond Reef is the most advanced project in Osikso's pipeline with all indicators pointing to its being Osikso's next mine and the potential for Fairmont to discover significant gold mineralization on its contiguous Marmion South Contact property, we view FMR as an inexpensive way to play the likely blockbuster success of Hammond Reef."
To view a summary of the report or download the report in its entirety, please visit www.goldmanresearch.com
About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces small cap and micro cap stock research reports, daily stock market blogs, and popular investment newsletters. For more information, visit www.goldmanresearch.com.
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About Fairmont Resources Inc. (TSX-V:FMR) (OTCPK:FRSSF): Fairmont is a mineral exploration company focused on exploration and development of its Marmion South Contact, Clay-Powell, and Houghton Creek properties all of which are located the mining friendly jurisdiction of Ontario. For more information on Intertainment and its properties, visit the Company's website at http://www.fairmontresources.com.