Fancamp Update on Exploration – Mallard Gold, Dorothy Lake, and Cunningham Properties, Northern Ontario
FANCAMP EXPLORATION LTD.
7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2
Telephone: 604-434-8829 Facsimile: 604-434-8823
Web site: www.fancampexplorationltd.ca
NEWS RELEASE
May 15, 2019 TSX Trading Symbol: FNC
Fancamp Update on Exploration – Mallard Gold, Dorothy Lake, and
Cunningham Properties, Northern Ontario
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 (I P),
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 5285809 40 -45
MA19-07 404551 5283612 40 -45
MA19-08 403110 5285266 40 -45
MA19-09 403254 5285114 40 -45
MA19-10 403393 5284978 40 -45
QA/QC Program
Fancamp Exploration Ltd. has implemented a quality assurance/quality control (QA/QC) program for the
Mallard Gold Phase 1 drill program.
Diamond drill core was logged, and where marked for sampling, cut in half, with one half placed in a labelled
sample bag, and the remaining half placed back into the core tray and stored in a secured compound. A
blank and a standard were inserted in the assay sampling s equence at every 26 th and 27 th place
respectively. All samples were shipped to Activation Laboratories in Ancaster, Ontario. Once the samples
are received and dried at the laboratory, the samples are then crushed to 80% passing 10 mesh (2 mm)
and then spl it into 250 g sub- sample size using a Jones Riffle Splitter. These sub- samples are then
pulverized (using rings and pucks to 90% passing 200 mesh (0.075 mm) and homogenized prior to analysis.
Gold analysis is performed using a 30 g charge by fire assay using lead collection with a silver inquart (1A2
package). The lower detection limit is 5 ppb, and the upper detection limit is 5000 ppb for this analysis. A
gravimetric finish (1A3 package) is completed for any samples that return greater than 5000 ppb that
includes crushing of the entire sample to -150 mesh and subsequently sieved through a 150 mesh screen.
The entire +150 mesh portion is assayed, along with two duplicate cuts of the - 150 mesh portion. Results
are reported as a calculated weighted average of gold in the entire sample. Results for the 38 element ICP
analysis (1E3 package) includes digesting 0.5 g of the sample with aqua regia for 2 hours at 95 °C. The
sample is cooled and then diluted with deionized water. The samples are then analyzed using an Agilent
700 series ICP for the 38 element suite. QC for the digestion is 15% for each batch, 2 method reagent
blanks, 6 in-house controls, 8 sample duplicates and 5 certified reference materials. An additional 20% QC
is performed as part of the instr umental analysis to ensure quality in the areas of instrumental drift. If over
limits for base metals are encountered, a sodium peroxide fusion, acid dissolution followed by ICP ‐OES is
completed.
Cunningham and Dorothy Lake Property Updates
In addition to the exploration program completed at the Mallard Gold Property, Fancamp has completed
winter exploration programs on Cunningham and Dorothy Lake Properties. On the Cunningham Property,
a 396.5 line km VTEM survey has been completed. Final results will be made available to Fancamp within
the next few weeks by Geotech Ltd. Results, after being interpreted, will assist in developing prospecting
and geochemical surveys for the upcoming field season. On the Dorothy Lake Property, 23 km of line
cutting, followed by 15 km of IP and magnetic surveys has been completed in March. Several chargeability
anomalies have been identified associated with an interpreted regional north- northeast trending
deformation zone. Within this interpreted deformation zone, highly anomalous gold, silver, and copper lake
bottom geochemical anomalies have been reported by the Ontario Geological Survey (Open File Report
6194)
This news release was written by the Company’s Qualified Persons; Peter H. Smith, PhD, P.Eng. and Joerg
Kleinboeck, P.Geo. Blaine Webster, P.Geo contributed significantly to the design of the exploration process.
About Fancamp
Fancamp is a public company using a value added strategy predicated on the acquisition of potentially
valuable assets, adding value through the selection process itself and subsequent development work, self-
financed or otherwise, followed by disposition, proceeds from which, are used to finance the same process
multiple times. The Company has an exceptional inventory of resource properti es in Québec, Ontario and
New Brunswick; commodities of interest include gold, base metals, chromium, titanium, iron and silica. In
addition, the Company has begun to build on the industrial possibilities inherent in dealing with some of
these materials. T he Company is a reporting issuer in British Colombia, Ontario and Québec and its
common shares are listed for trading on the TSX Venture Exchange under the symbol FNC.
Peter H. Smith, President.
For further information, please contact
Peter H. Smith PhD., P.Eng.(Ont) – President 1-514-481-3172
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.