Fancamp Exploration Ltd – Exploring Diverse Resource Assets in Quebec and Ontario
OVERVIEW
Fancamp Exploration Ltd. (TSXV:FNC) is a Canadian exploration company with a diverse portfolio of greenfield to development-stage projects including iron, gold, nickel, zinc, and copper. The Company’s resource properties include the wholly-owned Lac Lamêlée Iron, and the 46.7 percent ownership in the Magpie Titanium-Iron Property, both are located in the province of Quebec. Its joint venture (92.5 percent) owned Desolation Lake Property is located in the mineral-rich James Bay Lowlands of Ontario. Drill work on all of these exploration-stage projects has returned promising assay results. the grassroots gold, copper and zinc properties in the Appalachian trend of properties in southern Quebec which include the Gaspé, Beauce, Stoke and Clinton properties.
Other significant resource properties include the grassroots gold, copper and zinc properties in the Appalachian trend of properties in southern Quebec which include the Gaspé, Beauce, Stoke and Clinton properties.
The Company’s shareholdings of Argex Titanium Inc. and Champion Iron Mines Ltd. represent significant value, and the 1.5% NSR royalty on the Champion Iron properties in particular, a potential source of substantial income in future years.
INVESTMENT HIGHLIGHTS
- Solid land positions on high-quality prospective ground which each have the potential to become company makers
- Significant investment in Champion Iron Mines Ltd with 1.5 % royalty interest which will provide good cashflow for Fancamp projects
- Large suite of varied mineral properties allows for diversified exposure to resource markets and contributes to share value
- Exploration-stage projects with promising assay results
KEY PROJECTS
Lac Lamêlée Iron Property
100% owned. 12,500 metre drill program near completion. Preparation of NI 43-101 resource estimate end of 2012, to be followed by PEA.
Magpie Iron Titanium Property
46.72% owned. NI 43-101 compliant resource; indicated 635.2 Mt @ 42.49% FeT, 11.2% TiO2, inferred; 293.2 Mt @ 42.29% FeT, 11.21% TiO2. Bulk samples for metallurgical purposes presently being tested in China leading to possible off take agreements.
Desolation Lake Iron Property
92.5% owned. Recent drill program revealed a near true width intersection of 422 metres grading 28.6% FeT for 40.9% Fe2O3; the hole ended in the iron formation in a multi kilometric scale magnetic feature indicating the possibility of substantial mineralization. Further work is planned.
Gaspé Gold Property
100% owned. A series of untested historic gold occurrences over a strike length of some 13 kilometres ; currently being tested by two drills.
McFauld’s Lake Property
100% owned. Ni PGM and Chromium potential; currently under option to Bold Resources Inc.
Stoke Mountain Property, optioned
Interesting copper zone; 2011 drill hole returned 7.29% copper over 6.4 metres. Down hole geophysics in progress, to be followed by further drilling.
Clinton Property, optioned
Series of six mineralized lenses along a strike length of approximately 6 kilometres, plus a further 10 km of favourable strike length. One drill currently active testing recent geophysical targets.
Beauce Property, 100% owned
Includes historic Gilbert River Placer deposits, the site of Canada’s first gold rush in the 1840’s and 50’s. To date no bedrock gold source has been identified, although the Company’s reconnaissance drilling has indicated the presence of highly prospective silicic alteration and quartz vein systems.
Nason Brook Property,100% owned
Gold prospect located in SW New Brunswick. Strong gold-in-soil geochemical anomalies; associated geophysical targets. Drilling planned shortly.
SUMMARY
Fancamp Exploration is a Canadian company with a diverse portfolio of projects including iron, gold, nickel, zinc and copper. The Company’s wholly-owned Lac Lamêlée Iron Property and Magpie Titanium-Iron Property are located in the mining-friendly province of Quebec. Its JV Desolation Lake Property is located in the mineral-rich James Bay Lowlands of Ontario.
Drill work on all of these exploration-stage projects has returned promising assay results. Assays results on Lac Lamêlée show intersections of high grade magnetite and hematite iron formations and indicate that this property has the potential to host significant tonnages. A 12,500 metre drill campaign is underway with the objective of establishing an NI 43-101 compliant Measured and Indicated Resource Estimate. Fancamp’s other significant resource properties include the prospective gold, copper and zinc properties in the Quebec Eastern Township.
MANAGEMENT
Jean Lafleur, M.Sc., P.Geo – Director and Chairman of the Board
Mr. Lafleur has more than 30 years’ experience in the field of mineral exploration, project development and strategic corporate planning. He has been active in Canada and internationally with a wide range of industry-leading companies.
Peter H. Smith, Ph.D., P.Eng – Chief Executive Officer
Mr. Smith is the founder of Fancamp Exploration Ltd. with over 40 years’ experience in the field of mineral exploration. He is a former Director of the Prospectors and Developers Association of Canada and a member of the Professional Engineers of Ontario.
Debra Chapman – Chief Financial Officer
Ms. Chapman has extensive administrative and financial experience. She has served as Director and Secretary of several other public companies.
Michael Sayer –Director
Mr. Sayer has extensive business experience in the service industries and real estate.
Gilles Dubuc – Director
Mr. Dubuc is the former Manager of Accounting for Union Carbide. He has served on the boards of various other public companies.
Fouad Kamaleddine, Ph.D., P.Eng.—Director
Mr. Kamaleddine has extensive experience in metallurgical techniques, particularly in the iron and steel industries. He is a special lecturer on Mechanics and Material Design at the University of Toronto.
Mel De Quadros, Ph.D., P.Eng – Director
Mr. De Quadros has extensive experience in the exploration and development of mineral resources in Canada, the U.S., Latin America and Africa. He currently serves as a director of four exploration companies with projects in B.C., Ontario and Quebec.
Robert N. Granger, Q.C.
Mr. Granger has practived law in Toronto, Ontario for more than thirty years with an emphasis in corporate and securities law. He has been an Officer and Director of a number of resource companies. Mr. Granger holds a B.A. from the University of Toronto and an L.L.B. from Osgoode Hall Law School.
Paul Ankcorn – Director
Mr. Ankcorn has more than 20 years’ experience in the junior resource sector.
