Fancamp files NI 43-101 technical report for the Lac Lamêlée South Iron Project Fancamp Exploration Ltd. (Fancamp) has filed an NI 43-101 technical report from independent consulting firm, Met-Chem which follows the review of the British Columbia
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
August 3, 2017 TSX Trading Symbol: FNC
S.E.C. Exemption: 12(g)3-2(b)
Fancamp files NI 43-101 technical report for the Lac Lamêlée
South Iron Project
Fancamp Exploration Ltd. (Fancamp) has filed an NI 43-101 technical report from
independent consulting firm, Met-Chem which follows the review of the British Columbia
Securities Commission.
The report outlines an Indicated Resource of 74.7 million tonnes grading 31.6% T -Fe
(total iron) and an Inferred Resource of 229.3 million tonnes grading 30.4% T -Fe, using
a conservative cut-off grade of 15%T-Fe.
The resource model focused on the typical banded iron formation containing magnetite,
hematite with bands of quartzite but does not include a substantial number of core
samples containing magnetite with pyroxene bands . To quote the report, “magnetic
susceptibility readings of this unit reveal significant quantities of magnetite in some
areas.” This distinct lithological unit “contains magnetite but is not considered as mineral
resource in this estimate since more characterization work is required. If some of the
magnetite in this unit can be economically recovered, this would constitute a potential for
the project.” Future work will focus on characterization of this lithology in order to quantify
this portion of the deposit which management feels will add substantial tonnage to the
resource estimate.
This news release was prepared, reviewed and approved by Mr. Mike Flanagan, M.Sc.A,
P. Geo., the Lamêlée South Project Manager, a Qualified Person under NI 43- 101
standards.
For further information, please contact:
Peter H. Smith, President
+1-514-481-3172
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the
adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking
statements, such as estimates and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management expects a stated condition or result
to occur. Since forward-looking statements address future events and conditions, by their very nature, they
involve inherent risks and uncertainties.
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containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the
process" and other similar expressions w hich constitute "forward- looking information" within the meaning
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materially from those anticipated. These forward- looking statements involve risks and uncertainties
including, but not limited to, our expectations regarding the acceptance of our projects by the market, our
strategy to develop new projects and enhance the capabilities of existing projects, our strategy with respect
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