Fancamp talks sampling at Mactaquac

Sep 13, 2019

2019-09-12 12:17 ET – News Release

Mr. Peter Smith reports

FANCAMP ANNOUNCES GOLD PLACER DISCOVERY OPTION; PROMISING GEOCHEM RESULTS FROM BEDROCK SOURCE AREA, NEW BRUNSWICK

Fancamp Exploration Ltd. has released selected results from soil samples taken this field season on its optioned 3,430-hectare Mactaquac property, belonging to Edge Exploration Inc., in southern New Brunswick.

It should be pointed out that the area is almost entirely overburden covered and is virtually unexplored. In particular, what is emerging is the recognition through the proprietary SGS mobile metal ion (MMI) multielement analytic approach of the existence of mineralized zones along at least a 2.5-kilometre strike length and open at both ends.

A 395-sample soil survey has been completed, of which, to date, 139 MMI results have been received from SGS, the balance of 256 are awaited. This first batch includes anomalous gold numbers up to 148 times background at the north end of the zone (soil sample No. S223080719). Grubhoe pitting on this site yesterday uncovered gossanous material at a metre depth, yet to be assayed.

Antimony numbers up to 1,052 times background and gold six times background at this north end of the 2.5 km strike length (soil sample No. S231080719), lie 325 m southwest of the cited high-gold sample and have yet to be pitted or trenched.

The southern end of this 2.5 km zone is the location of the historic Noranda Brunswick Mining and Smelting 405 Au parts per billion soil sample. A 2018 survey by Mr. Davis and Mr. Kramer noted prominent spikes in MMI Au and rare earth elements in proximity to the Noranda sample site, which started this undertaking in the first place. Backhoe trenching and drilling is planned.

A second prospective 4,818-hectare gold project, the Fredericksburg-North Tay is centred approximately 30 km north of Mactaquac, along the trend of the underexplored Fundy-Chaleur structural corridor referred to in the June 27, 2019, news release. This jointly staked grassroots property is a 50/50 joint venture between Fancamp and Edge, and exploration is under way.

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

About Fancamp

Fancamp is 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 corporation 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.

http://www.fancampexplorationltd.ca/