Fancamp Exploration begins drilling at Mallard

Mar 7, 2019

2019-03-06 11:25 ET – News Release

Dr. Peter Smith reports

FANCAMP WINTER UPDATE

Fancamp Exploration Ltd. has begun drilling its 100-per-cent-owned Mallard property, 15 kilometres west of Iamgold’s Cote Lake deposit and targeted on a series of induced polarization and magnetic anomalies related to gold in soils and bedrock. The program is under the supervision of Joerg Kleinboeck, PGeo, of JMK Exploration Consulting of North Bay, Ont. The company, in addition, owns two other major grassroots properties in Northwestern Ontario: the Cunningham property, on which a VTEM (versatile time-domain electromagnetic) survey will be flown at the end of March and which has demonstrated both historic VMS (volcanogenic massive sulphide) and gold potential; and the Dorothy property, a gold target in the Dryden district, on which an IP (induced polarization) survey is currently under way.

In other matters, drilling on the company’s Brunswick North property near Bathurst, N.B., and the BVB property in Quebec’s Beauce district has been completed, pending further drill testing based on assay results. There remain many additional untested targets along the 35-kilometre Baie Verte Brompton property corridor.

In the meantime, the company plans a series of short holes on its Harvey Hill copper property located north of the Beauce district. This property was a previous producer, and the present program will be directed at a series of shallow, flat-lying lenses of chalcocite mineralization occurring along a strike length of approximately two kilometres. These lenses, which are essentially unexplored, lie within a few metres of surface and seem to have thicknesses on the order of 2.5 metres. They have been intersected by a number of historic holes (for example, 3.3 per cent copper and 11 grams per tonne silver over three metres and 2.6 pe cent copper and 18.2 grams per tonne silver over 2.3 metres (Ref. GM1951A)) and may represent a readily accessible high-grade copper resource.

This news release was written by the company’s qualified persons Dr. Peter H. Smith, PhD, PEng, and Jean Bernard, PGeo.

About Fancamp Exploration Ltd.

Fancamp 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/