Fancamp’s Ontario Prospecting Results; Heenan/Mallard Gold
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
September 24, 2019 TSX-V Trading Symbol: FNC
Fancamp’s Ontario Prospecting Results; Heenan/Mallard Gold
Properties
Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX VENTURE: FNC) is pleased
to report on soil sampling and prospecting programs on its 100% owned Mallard Gold and Heenan
Properties, located 15 km west of IAMGOLD’s Coté Lake Deposit, located in the Swayze
Greenstone Belt, Ontario. The two properties are located on the Swayze volcanic pile iron
formation that is the source of a 27 Km long magnetic anomaly in southeast Heenan and western
Mallard. Several gold showings occur in Mallard and Heenan Townships. Fancamp’s exploration
program is designed to test the gold potential of this large regional target.
A total of 589 soil samples and 89 grab samples were collected on the Mallard Gold Property,
and 106 soil samples and 43 grab samples were collected from the Heenan Property.
On the Mallard Gold Property, the prospecting was completed property wide, while the soil
sampling concentrated over the Ridout Deformation Zone that traverses the Property for
approximately 5 km, and reaches widths of >500 m. Very limited historical work has be en
completed along the extent of this structure that is within the Mallard Gold Property. Of the
589 soil samples collected over this target, 17% of the samples exceeded the threshold (defined
by Median+2MAD). Gold values ranged from below detection to 5 2 ppb Au. Grab samples
confirmed the presence of elevated gold values within this target area, which ranged from
below detection levels to 760 ppb Au. A fall program of line cutting and geophysical surveying
will be completed over this target area to def ine drill targets for a late fall or early winter
drilling program.
A mechanized stripping program will also commence in October in the area of diamond drill
hole MA19-07 completed last year that intersected 17.00 m grading 0.14 g/t Au, including 0.24
m grading 4.61 g/t Au (see news release dated May 15th, 2019).
On the Heenan Property, a total of 106 soil samples were collected “up -ice” from a highly
anomalous soil sample obtained during last year’s field program. Of the 106 soil samples
collected over this target, 4% of the samples exceeded the threshold (defined by
Median+2MAD). Gold values ranged from below detection to 483 ppb Au. Grab samples, ranging
from below detection to 291 ppb Au were collected from the first pass of prospecting.
Anomalous grab samples were obtained from a sulphide -facies iron formation located
immediately north of anomalous soil samples. Fancamp intends to complete further
prospecting, line cutting, and geophysical surveying in advance of a late fall or early winter
drilling program. Additional grab samples have been submitted to the laboratory, and results
are pending at this time.
Grab samples are selective in nature, and the above reported assay results may not be
representative of the mineralization on the Properties.
The technical content of this news release has been reviewed and approved by Joerg
Kleinboeck, P.Geo., a Qualified Person as defined by National Instrument 43-101.
About Fancamp
Fancamp is a public Corporation 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 mu ltiple times. The Corporation has an exceptional
inventory of resource properties in Qu ebec, Ontario and New Brunswick; commodities of
interest include gold, base metals, chromium, titanium, iron and silica. In addition, the
Corporation has begun to build on the industrial possibilities inherent in dealing with some of
these materials. The Corporation is a reporting issuer in British Colombia, Ontario and Quebec
and its common shares are listed for trading on the TSX Venture Exchange und er 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.