Fancamp drills near surface high grade copper occurrences
May 23, 2019
TSX Trading Symbol: FNC S.E.C. Exemption: 12(g)3-2(b)
Fancamp Exploration Ltd. (“Fancamp” or the “Company”) (TSX VENTURE: FNC) wishes to report ongoing reconnaissance drilling on its 100% owned Harvey Hill copper prospect, located northeast of Thetford Mines in the Quebec Appalachians. A total of 15 short holes totalling some 800m is planned, targeting three near surface mineralized lenses, one atop the other, and extending over some 425 meters in an east northeast direction. These zones are near flat lying, with average thicknesses on the order of 2-3 metres. These zones have been tested by several previous operators whose main efforts however were aimed at deeper underground operations in the 1973-1976 period which resulted in recorded production of 450,000 tonnes @1.22% Cu and 2.8 g/t Ag; approximately 300,000 tonnes remain at similar grades (DV 85-08, MERN).
Little attention however has been paid to these easily accessible higher grade ores near surface, hence the present program. Historic results (GM 1951A) on these targets include the following; 3.5% Cu over 4.2 m; 1.2%Cu over 7.1m; 4.7%Cu and 37.5 g/t Ag over 2.7 m; 3.9% Cu and 27.8 g/t Ag over 1.5 m; and 2.6%Cu and 18.2 g/t Ag over 2.3 m.
Assay results will be released following completion of the program.
This release was written by the Company’s QP, Jean Bernard P.Geo.
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 Québec, 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. The Company is a reporting issuer in British Colombia, Ontario and Québec and its common shares are listed for trading on the TSX Venture Exchange under the symbol FNC.
For further information, please contact
Peter H. Smith PhD., P.Eng.(Ont) – President 1-514-481-3172
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.