Fancamp acquires additional claims by Cunningham

Jan 25, 2019

2019-01-25 12:17 ET – News Release

Dr. Peter Smith reports

FANCAMP MULTIPLIES THE AREA OF ITS CUNNINGHAM VMS PROPERTY BY FIVE

Fancamp Exploration Ltd. has acquired a 100-per-cent interest in additional claims adjacent to its Cunningham volcanogenic massive sulphide property, about 150 kilometres southwest of Timmins. These claims, totalling about 4,800 acres, cover the entire area surrounding the Isaiah granitic stock, which is marked by abundant intermediate to felsic volcanics, pyroclastics and exhalitic sediments. The Shunsby showing patents adjoin the block on its east side and, given their strong VMS characteristics, point to the possibility of similar occurrences yet to be discovered in this singular geologic framework. In addition, the Isaiah stock itself contains gold-bearing breccias in shear zones that are, in effect, unexamined.

Terms of the agreement total an aggregate payment of $15,000, 200,000 fully paid-up Fancamp shares upon regulatory approval plus a 2-per-cent net smelter return with a buyback of 1 per cent for $1-million.

A VTEM survey, covering the entire property is planned for late February.

This news release is written by Dr. Peter H. Smith PhD, PEng, the company’s qualified person.

About Fancamp Exploration Ltd.

Fancamp Exploration is a public company using a value-added strategy predicated on the acquisition of potentially valuable assets, adding value through the selection process itself and subsequent development work, self-financed or otherwise, followed by disposition, proceeds from which are used to finance the same process multiple times. The company has an exceptional inventory of resource properties in Quebec, Ontario and New Brunswick; commodities of interest include gold, base metals, chromium, titanium, iron and silica. In addition, the company has begun to build on the industrial possibilities inherent in dealing with some of these materials.

http://www.fancampexplorationltd.ca/