Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Seriously, Fancamp needs to back out of recent Press Release fund usage statemt

Seriously, Fancamp needs to back out of recent Press Release fund usage statemt

posted on Jul 16, 2009 09:11PM

When "Fancamp Announces Closing and Over Subscription of Financing", this was also noted in the PR. We all need to pray that there isn't a single penny that goes into the "4200 acre Norway Lake property".

"These funds will be largely used on the Company's 4200 acre Norway Lake property, 40 km northeast of Atikokan, Ontario. This grassroots prospect is the site of a cluster of gold-in-lake-bottom sediment anomalies located on the Marmion Lake Fault System, which 18 km to the southwest of the property hosts the Brett Resources Inc. Hammond Reef Deposit containing an inferred 43-101 resource of 4.8 M oz. Au. (This is also the site of a smaller lake bottom sediment anomaly cluster - see the Fancamp's website.) Little previous work has been reported from the property area, and a new Government airborne mag/EM survey released a few weeks ago has indicated the presence of abundant new target areas. "

Some must be saying enough is enough. Based on what is about to come out of NOT on results of holes they are awaiting result for, the only play is to wait and hear from them (NOT) and if the anticipated news is as expect start begging with the cash they have for a drill to be dropped into the area, and then raise just enough more to proceed with drilling a few 1200 m holes at this stage on the property boundary closest to NOT Eagle 1 zone.

It's looks to be a no brainer.

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