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Fancamp Exploration Successfully Completes Spring Drill Program at Stoke Intersecting 98 metres of Disseminated Copper Mineralization
VANCOUVER, British Columbia, Sept. 08, 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, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) is pleased to announce the completion of its spring drilling program at the Stoke Project, situated in the Eastern Townships of Quebec (Figure 1). Notably, this work, representative of over 1,100 metres of drilling, led to the intersection of the widest sulphide mineralization discovered at the project to date, validating the potential the Stoke-Weedon belt provides for the discovery of copper-rich VMS type deposits (refer to press release dated March 22, 2022). Fancamp has drilled a total of 1,119 metres in 3 holes during June, over the Grand Prix and Copper Zone of the Stoke property. This program aimed to evaluate the down-dip and down-plunge extension of hole ST-2013-06, which had intersected 6.4 metres @ 7.29% Cu and 17.6 g/t Ag (refer to Hole ST-2011-06, MRN Report GM 66485, 2012) and has now defined mineralization to a vertical depth of approximately 250 metres. Highlights Hole STDD-22-05 intersected 98.0 metres @ 0.12% Cu (from 275 to 373 metres – downhole length) (Table 1, Figure 2). Hole STDD-22-06 intersected 98 meters of disseminated to semi massive pyrite with specs and stringer of chalcopyrite within a broader zone of 110 metres of intense black chlorite and sericite alteration. Within that interval, several zones exhibiting up to 20% pyrite with trace to 2-3% chalcopyrite were noted. “Fancamp’s 2022 drilling programs have been providing positive and sustainable results which substantiate management’s exploration plans and corporate strategy, especially on the back of Fancamp’s recently announced strategic sale of the Company’s interests in its Koper Lake mining claims (as reported in press releases dated July 21, 2022, August 10, 2022, September 1, 2022, and September 2, 2022). Today’s announcement of our latest exploration results continues to highlight the prospective extension and proof of mineralization potential of our Stoke Project, building on known historical exploration indicators to new exploration targets and areas of interest. The continuous investment in geological study and exploration by the Company continues to deliver high quality results on which to leverage future exploration and growth initiatives.” – Rajesh Sharma, President and Chief Executive ...