Fancamp completes compilation and interpretation of Stoke Project. Identifies exhalative marker horizon related to base metal mineralization Announces third Drilling Program for 2022
FANCAMP EXPLORATION LTD.
7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2
Telephone: 604-434-8829 | Website: www.fancamp.ca
News Release
March 22, 2022 TSX-V Trading Symbol: FNC
Fancamp completes compilation and interpretation of Stoke Project.
Identifies exhalative marker horizon related to base metal mineralization
Announces third Drilling Program for 2022
VANCOUVER, British Columbia – Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX
Venture Exchange: FNC) is pleased announce completion of the compilation and integrated
interpretation work for the Stoke Project, situated in the Eastern Townships of Quebec (Figure 1).
This work led to the determination of drill targets for testing of the exhalative horizon associated
with interpreted syn volcanic growth faults.
Fancamp and Mira Geoscience Ltd. (Mira) have completed the construction of a 3D model for
the Stoke project. The data compilation of the available public and private company information
were used to develop a geological model for the Stoke property. The compilation indicates that
the property geology is comprised of a main stratigraphic sequence consisting of a volcano -
sedimentary succession of bi -modal volcanic units overlain by sedimentary packages. An
exhalative unit, identified in several historical drill holes, has been use d as a marker related to the
base metal mineralization on the project. The overall geological package has been folded and
forms two subvertical antiform and synform structures with axial plan es striking to the NE . Lastly,
the faults mainly consist of steeply to moderately dipping thrust faults striking to the NE and dipping
to the SE (Figure 2).
Mira and Fancamp built a 3D model which indicates potential variations in thickness of the various
stratigraphical unit s. This synopsis was then used to identify abrupt changes in thickness which
could be associated to synvolcanic faults and/or graben in which hydrothermal fluids could be
concentrated under the exhalative horizon.
One of the breakthroughs of the interpretation through the 3D modeling was the development of
paleo reconstruction of the stratigraphical units. This approach led to the discovery of a series of
either potential synvolcanic faults and/or graben type depression at the paleo surface define d
by the exhalative horizon situated at the mafic – felsic contact. These depressions are often the
focus of metals deposition and syn-volcanic growth faults are often the first - order control on the
flow of metal- bearing hydrothermal fluids. Historical drilling highlights from the property include
7.29% Cu over 6.40 metres in the depth extension of Phelps Dodge’s “Copper Zone ", (drillhole
2011- 06) and 6.21 gpt Au in the “Grand Prix” gold zone. This included a 1.0 metre interval with 22.4
gpt Au, 7.73% Zn, 1.73% Cu, and 2.62% Pb, (drillhole ST-2010-06) (Figure 3)
Fancamp intends to test drill the paleosurface to uncover potential metals concentration.
Qualified Person
The scientific and technical information contained in this press release was reviewed and
approved by François Auclair, PGeo, M.Sc. Vice President Exploration of Fancamp, 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 additional 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 mineral 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 chromium 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 mining, 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 futur e operations that are subject to a number of
assumptions, risks and 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, identifie d by the words “expects”, “plans”, “anticipates”, “believes”, “intends”,
“estimates”, “projects”, “potential” and similar expressions, or are events or conditions that “will”,
“would”, “may”, “could” or “should” occur or be achieved.
Although Fancamp belie ves that the material factors, expectations and assumptions informing
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 risks, 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.