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Fancamp Exploration Announces Drill Assay Results of up to 3.30% Cu over 3.15 meters from its Clinton VMS Project
VANCOUVER, British Columbia, June 14, 2022 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) is pleased
About this update from Fancamp Exploration Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, June 14, 2022 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) is pleased to announce high grade copper assay results and extension of previously recognized Copper and Gold mineralization from its 2022 winter drilling program at its Clinton project (Figure 1) in the Eastern Townships of Québec, Canada which is among the top jurisdictions globally in terms of attractiveness of exploration investments (Annual Survey of Mining Companies 2021, Fraser Institute). A total of 1,294 meters in 6 holes were drilled in February and March 2022. Historical drilling of over 60,000 meters has been reported in SIGEOM (Quebec Ministry of Mines Database). The drilling program was a success, with Clinton Historical Lens “A” being extended to a minimum of 100 meters along strike, at shallow depth. Fancamp is very encouraged by these results and plans to follow up with further drilling to better assess the size, grade and continuity of the copper bearing lenses. This is in line with the Corporation’s strategy to unlock shareholder value from its extensive concessions portfolio with focus on creating a project pipeline of gold rich base metal projects. Highlights Hole CLDD-22-02: 3.15 m @ 3.30% Cu and 12.64 g/t Ag, effectively extending historical lens “A”, mineralization an additional 100 meters along strike, across depths to 50 meters below the surface (Photo1) (Figure 2). Hole CLDD-22-03: 2.00 m @ 0.54% Cu, a down dip extension from the intersection in hole CLDD-22-02 (Figure 2). Please refer to Table 1 for further details regarding the Assay Results. Further assays are pending and will be reported when received. Outlook Fancamp, after review of the 3D modelling (Fancamp press release January 25, 2022), initiated a drill program to both test a VTEM plate anomaly situated some 100 m NE of a copper bearing mineralized lens to expand the lens along strike (Figure 2). Positive results were achieved, with Clinton Historical Lens “A” being extended to a minimum of 100 metres along strike, at vertical depth of less than 50 meters below surface. Historically, 5 copper bearing mineralized lenses have been identified, at the contact of the volcanics and the sediments. Fancamp’s recent drill campaign has resulted in two of these lenses, A and B, being considered as a ...