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Fancamp Update on Exploration - Mallard Gold, Dorothy Lake, and Cunningham Properties, Northern Ontario
VANCOUVER, British Columbia, May 15, 2019 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Company”) (TSX VENTURE: FNC) has completed its previou
About this update from Fancamp Exploration Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, May 15, 2019 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Company”) (TSX VENTURE: FNC) has completed its previously announced Phase 1 diamond drilling program on the Mallard Gold Property, located 15 km west of IAMGOLD’s Coté Lake Deposit. The program targeted a series of untested induced polarization (IP), magnetic, and geochemical anomalies that were generated from a prospecting program completed last fall. During the month of March, Fancamp completed 10 diamond drill holes totaling 1,464 m. The program confirmed the presence of a significant southeast to northwest trending deformation zone extending through the Property, herein termed the Mallard Structural Zone (“MSZ”). The MSZ hosts several shear zones, quartz veins, and related gold occurrences over a strike length of approximately 6 km, indicative of a mineralizing event associated with this structure. The Phase 1 diamond drilling program intersected anomalous gold mineralization within most drill holes. Drill hole MA19-06 intersected 1.39 g/t Au over 0.38 m associated with quartz veining and sulphide mineralization proximal to a felsic dyke. Drill hole MA19-07 intersected strongly altered metasediments that returned anomalous gold values over a sample length of 17.00 m, including 4.61 g/t Au over 0.24 m. Drill hole MA19-08 intersected a low angle 15 cm wide quartz vein that returned 6.32 g/t Au over a sample length of 0.40 m located within an 11.3 m wide zone of strong pervasive silicification and quartz veining. The significant results for the Phase 1 diamond drilling program are summarized below in Tables 1 and 2. Table 1: Summary of Diamond Drill Results DDH From (m) To (m) Core length (m) Au (g/t) Cu (ppm) Pb (ppm) Zn (ppm) MA19-02 43.54 48.30 4.76 0.17 130 4 30 MA19-05 79.00 89.00 10.00 0.16 151 12 331 MA19-06 90.75 91.13 0.38 1.39 138 10 67 MA19-07 96.00 113.00 17.00 0.14 5 7 27 Incl. 112.64 112.88 0.24 4.61 - - - MA19-08 16.90 17.30 0.40 6.32 4 1 31 Note: Intervals reported in Table 1 represent core lengths and not true widths. Table 2: Drill hole Collar Information DDH Easting Northing Azimuth Dip MA19-01 403406 5285940 40 -45 MA19-02 403327 5285979 40 -45 MA19-03 403387 5285916 40 -45 MA19-04 405405 5284490 40 -45 MA19-05 405250 5283952 40 -45 MA19-06 403396 5...