Fancamp to drill in Quebec, N.B., Ontario in early 2019

2018-12-17 14:35 ET - News Release

Dr. Peter Smith reports

FANCAMP - GRASSROOTS GOLD EXPLORATION UPDATE

Fancamp Exploration Ltd. is committed to drill a series of holes on newly defined targets in January and February of 2019 on properties in Quebec, New Brunswick and Ontario.

The first program is scheduled for mid-January on the optioned 1,860-acre Brunswick North property in the Bathurst district of New Brunswick, where significant gold mineralization has been identified in angular volcanic float. Geophysics has resulted in strong IP anomalies which will be drill tested.

The second program will begin in late January on the 100-per-cent-owned, 30,000-acre Baie Verte Brompton (BVB) property in the Beauce in southern Quebec. It is located on the Baie Verte Brompton Line, a major crustal suture running through the central Appalachians from Vermont to Newfoundland, and associated with many gold showings along its length. The BVB property covers that part of the suture adjoining the historic Gilbert River placers, which in themselves can be considered to be one of the largest gold geochemical anomalies in eastern North America. Recent trenching by the company, on a previously untested part of the property, has produced grab samples from outcrop ranging up to 13.7 grams per tonne Au in pyritic schists and subsequent geophysical work has indicated a number of significant IP anomalies.

The third program will be carried out in February on the 100-per-cent-owned, 10,000-acre Mallard property in the Swayze area, southwest of Timmins, about 15 kilometres northwest of the Iamgold Cote Lake deposit. The principal target is 8.7 km (5.4 miles) of strike length of a lean pyritic iron formation carrying significant gold values and numerous untested historic IP anomalies.

In addition, the company's 100-per-cent-owned, 6,600-acre Dorothy Lake property, south of Dryden, Ont., will be tested with IP over major shear zones associated with highly anomalous lake bottom sediment gold values. Recent prospecting has located anomalous gold values across the property.

About Fancamp Exploration Ltd.

Fancamp Exploration is a Canadian junior mineral exploration company. It continues to evolve into a holder of shares in partner companies together with royalties. The company has an exceptional inventory of resource properties in three provinces: Quebec, Ontario and New Brunswick. The commodities include gold, base metals, chromium, titanium and iron.

This release has been written by the company's qualified persons, Jean Bernard, PGeo, and Dr. Peter H. Smith, PhD, PEng (Ont), president.

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