Fancamp Announces Award of the Drilling Contract for its Clinton Copper- Zinc- precious metal volcanogenic massive sulphide project
FANCAMP EXPLORATION LTD.
7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2
Telephone: 604-434-8829 | Website: www.fancamp.ca
News Release
January 25, 2022 TSX-V Trading Symbol: FNC
Fancamp Announces Award of the Drilling Contract for its Clinton Copper- Zinc-
precious metal volcanogenic massive sulphide project
VANCOUVER, British Columbia – Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture
Exchange: FNC) is pleased to announce that the drilling program at the Clinton project is scheduled to
start in mid-February.
Based on the 3D modelling by Mira Geosciences and Fancamp, the Clinton drilling program aims to test
a VTEM plate anomaly situated some 100 m NE of a copper bearing mineralized lens (Figure 1, Figure 2).
The VTEM anomaly also coincides with exhalate marker horizons identified through historical data
compilation and modelling. The “favorable horizon” will be tested by 3 fences along a strike extension of
about 500 meters of a minimum of 2 holes to visualize the potential extension of the mineralized horizon.
The targeted plate is interpreted to follow a “favorable” horizon identified in the compilation as a
chemical exhalative unit, often associated to volcanism produced d uring deposition of Volcanogenic
Massive Sulphide deposits.
Previous historical drilling as well as mining record s have reported significant copper intersections along
this unit and the Fancamp exploration program aims to identify further potential mineralization along this
trend.
The drilling contract has been awarded to “Forage FTE Drilling” (“FTE”) of Sherbrooke Québec. FTE is a
large, multinational drilling company with operations in Canada, Burkina Faso, Ivory Coast, Sénégal,
Surinam, French Guiana, and Namibia.
About the Clinton Project
The Clinton Project, underlain by a folded and faulted bimodal volcanic sequence and hosting lenses of
Cu – Zn precious metals volcanogenic massive sulphide mineralization, is situated approximately 20 km
southwest of the town of Megantic, immediately nort h of the Maine border. It covers about 20 km of
favorable stratigraphy of the Clinton River volcano -sedimentary Belt. From inception of exploration in the
early part of the 20th century, the property has been the site of multiple exploration programs. Sinc e 1953,
some 59,694 meters of drilling in 286 holes was performed. The property was further the site of a mining
operation from 1973-75, and, reportedly, 122,251 tons were mined at an average grade of 2.08% Cu, 1.54%
Zn in five lenses: A, C, E, F, and O [M RNFQ Fiche de Gite 21E07 -0007]. A historical resource, non -43-101
compliant report was completed in the past and cannot be relied upon. Since its acquisition in 2010,
Fancamp has conducted several drilling programs on the property. The best drilling interc epts returned
(Fancamp program) was 1.79% Cu over 6.19m within a 14.58m wide zone of 1.09% Cu (Fancamp's Press
Release of July 16, 2012), and 1.27% Cu, 1.14% Zn, and 11 gpt Ag over 11m (V3 zone, Fancamp's Press
Release of Oct. 14, 2014), and 2.78% Cu and 16.9 gpt Ag over 24.7m (V1 zone, Fancamp's Press Release of
Oct. 14, 2014).
Qualified Person
The scientific and technical information contained in this press release was reviewed and approved by
François Auclair, P Geo, M.Sc., Fancamp’s, Vice President Exploration, and is designated as a Qualified
Person under National Instrument 43-101.
Quality Control
Assays for the diamond drill programs were analyzed by Activations Laboratories Ltd. in Ancaster, Ontario.
The Corporation inserts quality control samples (blanks, standard reference material, and duplicates) at
regular intervals to monitor laboratory performance. Standard samples are inserted every 15 -20 samples,
with ad ditional standard material added to mineralized zones. Reference samples are obtained from
OREAS (Ore Research and Exploration P/L ABN) and comprised OREAS 620 (0.173% Cu), and OREAS 624
(3.10% Cu). Blanks are inserted every 15-20 samples and are obtained from a deposit of pure quartzite. Field
duplicates are inserted every 20 samples.
About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a growing Canadian mineral exploration corporation dedicated to its value -added strategy
of advancing its priority m ineral properties through exploration and innovative development. The
Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including
chromium, strategic rare -earth metals, gold, zinc, titanium and more. Fancamp’s chro mium properties in
the highly sought -after Ring of Fire in Northern Ontario are strategically located. Its rare earth element
properties in Quebec are a special focus. Fancamp has investments in an existing iron ore operation in the
Quebec-Labrador Trough, in addition to an investment in a zinc mine planned to be restarted in Nova
Scotia. Fancamp is developing energy reduction technology with its advanced Titanium extraction
strategy. The Corporation is managed by a focused leadership team with decades of m ining, exploration
and complementary technology experience.
Forward-looking Statements
This news release contains certain “forward -looking statements” or “forward -looking information”
(collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities
legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations
and objectives for future operations that are subject to a number of assumptions, risks an d uncertainties,
many of which are beyond the control of the Corporation. Forward-looking statements are statements that
are not historical facts and are generally, but not always, identified by the words “expects”, “plans”,
“anticipates”, “believes”, “int ends”, “estimates”, “projects”, “potential” and similar expressions, or are
events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved.
Although Fancamp believes that the material factors, expectations and assumptions inform ing such
forward-looking statements are reasonable based on information available to it on the date such
statements were made, no assurances can be given as to future results of such statements.
Such forward-looking statements involve known and unknown ris ks, uncertainties and other factors that
may cause actual events to differ materially from those anticipated in such forward -looking statements.
Readers are cautioned that the foregoing list of factors is not exhaustive. Statements including forward -
looking statements are made as of the date they are given and, except as required by applicable
securities laws, Fancamp disclaims any intention or obligation to publicly update or revise any forward -
looking statements, whether as a result of new information, future events or otherwise. The forward-looking
statements contained in this news release are expressly qualified by this cautionary statement.
For Further Information
Rajesh Sharma, President & Chief Executive Officer
+1 (604) 434 8829
Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
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.