Fancamp Reports Combined Gold-in-Soil and EM Anomalies, and Defines Target for 2025 Exploration at New Brunswick Acadian Gold
FANCAMP EXPLORATION LTD.
7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2
www.fancamp.ca
News Release
March 3rd, 2025 TSX-V Trading Symbol: FNC
Fancamp Reports Combined Gold-in-Soil and EM Anomalies, and
Defines Target for 2025 Exploration at New Brunswick Acadian Gold
VANCOUVER, British Columbia – March 3rd, 2025 - Fancamp Exploration Ltd. (“Fancamp” or the
“Company”) (TSX Venture Exchange: FNC) is pleased to announce initial exploration results of
Acadian Gold, a joint venture with Lode Gold Resources Inc. for the advancement of a district scale,
445 km² under-explored land package, located in a highly prospective region for gold and polymetallic
mineral discovery, in northern New Brunswick.
The integration of soil geochemistry and geophysical data has indicated the potential for highly
prospective mineralized systems at McIntyre Brook , and defined new targets which would be
subject to further exploration in 2025. These results build positively on previously announced findings
and enhance the potential for a gold-copper discovery at McIntyre Brook.
The results received from a soil geochemical survey conducted in November 2024 in the northeast
area of the McIntyre Brook property, in close proximity to a series of EM conductors revealed from the
fall HeliTEM² survey (refer to press releases dated October 18, 2024, and January 20, 2025), indicates
the potential for a near source of gold mineralisation.
Highlights
• The Heliborne HeliTEM² Survey revealed, among other aspects, the presence of a series
of EM conductors in the northeastern part of the McIntyre Brook Property, which create an
open ellipsoid over a significative area (refer to Figure 2).
• The initial soil geochemical survey conducted in November 2024 at the periphery of the
southeast and northeast area of the conductors revealed the presence of gold-in-soil
anomalies associated with Arsenic (As), Antimony (Sb) and Tungsten (W) anomalies.
• The area is also characterized by a 275 ppb Au stream sediment downstream from the
conductive area. This sample was the highest value returned from the 1981 regional stream
sampling program conducted in the area by the Geological Surveys Branch of New
Brunswick.
These new results from McIntyre Brook reveal coincident gold -in-soil anomalies and prominent
electromagnetic conductors, significantly enhancing the potential for a substantial gold -copper
discovery. These promising targets are situated within the geologically favorable Wapske Formation,
structurally defined by the McIntyre Brook and Ramsay Brook faults. Furthermore, analysis of new
HeliTEM² magnetic and radiometric data has identified additional faulting and a coincident elevated
radiometric signature, potenti ally indicative of rhyolite s or hydrothermal activity —key indicators of
significant gold mineralization in the Wapske Formation. Consequently, this area at McIntyre Brook
has been designated a high-priority target for the Acadian Gold's 2025 exploration program, offering
considerable potential for a new gold discovery.
François Auclair, VP of Exploration of Fancamp commented, "Our ongoing exploration at McIntyre
Brook continues to showcase the district -scale potential of this project, and the positive results
received validate the potential to discover gold-copper targets."
With the complete dataset from the 2024 New Brunswick exploration program now received, target
generation is progressing, and the 2025 exploration plan will be finalized in the coming weeks.
Figure 1: Acadian Gold McIntyre Brook Airborne Magnetometer and Radiometric with superimposed soil Geochemical
and Stream Sediments anomalies.
Figure 2: McIntyre Brook Soil Geochem Results.
The Acadian Gold Joint Venture between Fancamp Exploration and Lode Gold Resources was the
recipient of a $ 100,000 grant from the 2024 New Brunswick Junior Mining Assistance Program
(NBJMAP) for exploration programs on the Riley Brook and McIntyre Brook properties. The funds
have allowed Acadian Gold to pursue and develop a successful exploration program in 2024. The
Corporation thanks the New Brunswick Department of Natural Resources and Energy Development
for this inaugural support.
New Brunswick, Acadian Gold Joint Venture: A joint initiative with Lode Gold Resources Inc. for
the advancement and exploration of significantly sized , well -located and under -explored mineral
assets in New Brunswick, 'Acadian Gold Corp.’ This 50/50 joint venture is located in a highly
prospective region for gold and polymetallic mineral discovery, a geologic domain that hosts other
gold-focused firms such as Calibre Mining and New Found Gold . The Acadian Gold joint venture
includes the Riley Brook property, a 334.5 km2 land package of mineral claims and 111 km2 of McIntyre
Brook mineral claims, combined to create a dominant land holding on an orogenic belt where other
major developers are established and host certain world -class deposits. The Acadian Gold joint
venture is positioned from a strategic perspective as a key player in the region, and holds the potential
to become an emerging, district -scale, Au -Cu exploration play with upside potential from a major
discovery (refer to press releases dated August 27, 2024 and October 9, 2024).
About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a Canadian mineral exploration company focused on creating value through medium term
growth and monetization opportunities with strategic interests in high potential mineral projects, royalty
portfolio and exploration properties. The Company is focused on an advanced asset play poised for
growth and selective monetization with a portfolio of mineral claims across Ontario, Québec and New
Brunswick, Canada; including copper, gold, zinc, titanium, chromium, strategic rare-earth metals and
others. The Company has future monetization opportunities from its Koper Lake transaction in the
highly sought-after Ring of Fire in Northern Ontario. Fancamp holds 96% interests in Magpie Mines
Inc., which owns the Magpie property, one of the world’s largest undeveloped hard rock titanium (+V)
deposits, per USGS data. Fancamp has investments in an existing iron ore operation in the Quebec-
Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., a copper–gold exploration
company, Platinex Inc., an opportunity to develop an emerging gold-copper exploration play with Lode
Gold Resources Inc. in addition to an investment in a near term cash flow generating zinc mine, EDM
Resources Inc. in Nova Scotia. Fancamp is developing an energy reduction and titanium waste
recycling technology with its advanced titanium extraction strategy. The Company is managed by a
focused leadership team with decades of mining, exploration and complementary technology
experience.
Further information on the Company can be found at: www.fancamp.ca
Qualified Person
The 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. M Auclair, the Company’s Qualified Person, has reviewed and approved
the technical disclosure contained in this news release.
Quality Assurance and Quality Control
François Auclair, PGeo, M.Sc. , a Qualified Person as defined by National Instrument 43 -101, is
responsible for the on -going drilling and sampling program, including quality assurance (QA) and
quality control (QC). Assays for the soil sampling and trenching were respectively analyzed by ALS
Canada Ltd. and Techni -Lab, a subdivision of Actlabs . The Corporation inserts quality control
samples (blanks, standard reference material, and duplicates) at regular intervals to monitor
laboratory performance.
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 : the closing of the
Transaction and the execution of all documents and completion of all steps related thereto, including
but not limited to the completion of the Private Placement, the Fancamp Investment and the Spin Out;
the receipt of TSX-V approval in respect of the Transaction; and the Company’s forecasts, estimates,
expectations and objectives for future.
Such forward-looking statements are based on a number of assumptions, which may prove to be
incorrect. Assumptions have been made regarding, among other things: conditions in general
economic and financial markets; accuracy of assay results; geological int erpretations from drilling
results, timing and amount of capital expenditures; performance of available laboratory and other
related services; future operating costs; and the historical basis for current estimates of potential
quantities and grades of target zones. The actual results could differ materially from those anticipated
in these forward-looking statements as a result of risk factors, including the timing and content of work
programs; results of exploration activities and development of mineral properties; the interpretation
and uncertainties of drilling results and other geological data; receipt, maintenance and security of
permits and mineral property titles; environmental a nd other regulatory risks; project costs overruns
or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and
grades of the target zones based on historical data; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company’s
management on the date the statements are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of preparation, ma y prove to be imprecise
and, as such, readers are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date the statements were made. The Company undertakes no obligation
to update or revise any forward -looking statements included in this news release if these beliefs,
estimates and opinions or other circumstances should change, except as otherwise required by
applicable law.
For Further Information
Rajesh Sharma, President & CEO
Tara Asfour, Director of Investor Relations
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.