Key mineralized horizon marker and untested geophysical anomaly identified through data compilation and modelling for Fancamp’s 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 5th, 2022 TSX-V Trading Symbol: FNC
Key mineralized horizon marker and untested geophysical anomaly identified through data
compilation and modelling for Fancamp’s 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 provide an update on its data compilation and target generation for its
Clinton VMS (volcanogenic massive sulphide) exploration project (Figure 1).
The Clinton copper zinc massive sulphide project was the site of mining at shallow depth between 1973 to
1975 and has been the site of multiple exploration programs over the past 75 years, including airborne
geophysics and drilling (predominantly to less than 250 meters vertical).
Complex post – mineralization deformation and the lack of prior data compilation and integration has
hindered exploration on the property. Fancamp has retained the services of Mira Geoscience Ltd. (“Mira”)
to conduct compilation, modelling and exploration targeting over its Clinton and other properties using
the latest tools including using a combination of domain expertise modelling and artificial intelligence
(“AI”). This newly completed data compilation and geological modeling exercise has identified the
presence of two potential exhalative units bounding the Cu-Zn-precious metals mineralized horizon, which
also correspond to several interpreted VTEM plate anomalies. The identification of a favorable geologic
horizon marker, together with an understanding of the folding and faulting on the property, will greatly aid
drill targeting for this program.
In the northern part of the property, one of the VTEM conductive plates appears to have not been drill
tested, although significant copper values were recorded in a series of drill holes situated about 200
meters to the south (Figures 2 and 3). To test this hypothesis, a 2,500 meters drilling program is scheduled
to start in Q1 2022. Fancamp believes the use of Mira’s technology and innovative AI methodology will
help decipher the large amounts of data available in public filing and company records. Mira’s
technology is being used for other targeted properties such as Harvey Hill and Stoke in the Eastern
Townships of Québec.
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 north of the Maine border (Figure 1). 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. Since
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 [MRNFQ 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 intercepts 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 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 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 future 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, identified 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 believes 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.
Figure 1 :
Clinton Property
Figure 3
Modelled marker horizon
Thrust Fault
Structural Dome
Figure 2 :
Clinton Compilation and Interpretation
Mineralized Zone
Untested modelled
VTEM conductive plate
Recommended Drilling
Modelled marker horizon
Modelled Thrust Fault
Figure 3 :
Recommended Drilling