Fancamp Releases Second Assay Results From the Lac Lamelee

Fancamp Releases Second Assay Results From the Lac Lamelee South Iron
Project Diamond Drilling Program 
Best assay interval of 292.5 metres grading 33.9% Fe(T) (48.5% Fe2O3)
in drill hole LS-12-09 
2012 Drilling program completed, totaling 12,607 metres in 40 holes 
Total metres drilled on the project to date is 18,220 metres in 57
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/06/12 -- Fancamp
Exploration Ltd., (TSX VENTURE:FNC) ("Fancamp" or the "Company") is
pleased to announce the second series of Iron assay results from the
now completed summer-fall NQ diamond drilling program at the
Company's wholly owned Lac Lamelee South Iron Project, located 100 km
southwest of Fermont (Quebec) in the heart of the
Fermont-Wabush-Labrador City Iron Camp. Drilling during this campaign
totaled 12,606.6 meters in 40 drill holes. To date, some 57 holes
were drilled totaling 18,220 meters.  
Iron assay results are now completed for the first 12 drill holes
(LS-12-01 to 12). Assay results for drill holes LS-12-01 to 06 were
issued in a Company news release dated October 22, 2012. The best
assay intervals for drill holes LS-12-07 to 12 are summarized
below(i). Assays for the remaining 28 holes are still pending.
Quality Assurance and Quality Control protocols are appended.  

                           From         To      Core         FeT           
Diamond Drill Hole #        (m)        (m) Length (m)        (%)  Fe2O3 (%)
LS12-07                   125.0      267.8      142.8       32.1       45.9
including                 246.2      267.8       21.6       37.0       52.8
LS12-08                     6.0      287.0      281.0       25.3       36.2
including                  85.0       92.8        7.8       30.6       43.7
including                  92.8      105.2       12.4       37.3       53.3
LS12-09                    12.0     304.45     292.45       33.9       48.5
including                  12.0      152.0      140.0       35.8       51.2
including                  29.0       91.0       62.0       38.5       55.1
LS12-10                   270.5      308.0       37.5       22.4       32.0
                          332.0      398.0       66.5       30.3       43.3
LS12-11                    27.0      177.0      150.0       35.3       50.6
including                  27.0      125.0       98.0       39.2       56.0
LS12-12                    30.0      158.0      128.0       26.1       37.3
                          182.5      364.1      181.6       25.7       36.8
including                 188.5      208.0       19.5       32.6       46.6
including                 264.0      284.0       20.0       33.0       47.2

(i) The selected composite assay results are not necessarily
representative of the average grades or thicknesses of the
mineralized zones or potential resource. Intervals are down-hole
lengths and not necessarily true widths of the mineralized zones.
Grades are calculated from Fe(T)% sample assays completed by the ALS
Laboratory Group. Certain iron formation lithologies contain variable
amounts of Iron in silicates which may reduce the recoverable Iron
Mr. Jean Lafleur, M. Sc., P. Geo., the Company's President and CEO,
stated, "The 18,220 meters in drilling at the Lac Lamelee South Iron
Project has demonstrated the significant upside potential of the Iron
mineralization located a few kilometers west of Arcelor Mittal's Fire
Lake Mine operation and Champion Iron Mines Fire Lake North
feasibility-stage project. All this exploration work at an all in
cost of around $200 per meter drilled." 
Mr. Lafleur also added, "While we are awaiting for the remaining Iron
assays results, we are constructing the 3-D model of the iron
mineralization. PJL Geo-Conseil of Ste-Therese (Quebec) has been
hired as the independent contractor for the upcoming mineral
resources estimates and accompanying technical report on the mineral
resources scheduled for completion in Q1-2013."  
The Lac Lamelee South Iron Project 
The character of the iron mineralization changes from the northeast
to the southwest. Consequently the mineralization has been divided
into three structurally distinct zones: the Mountain Pond Zone to the
northeast, the centrally located "91-92" Zone, and the Tanguay Zone
in the southwest. These three zones span a distance of approximately
2.5 kilometres. The Mountain Pond Zone is comprised of a steeply
south dipping, steeply west-northwest plunging, tightly folded to
isoclinal syncline with a curvilinear axial plane striking SE to E
and dipping steeply to the south-southwest. 
Proceeding to the southwest into the "91-92" Zone, the fold is
isoclinal and the axial plane strikes W-SW, dipping steeply
northwest. At this point the northern limb of the structure appears
to transition into leaner iron formations with lower iron grades.  
The Tanguay Zone is offset from the "91-92" Zone by a late-stage
fault with a horizontal displacement of about 300 metres. This zone
appears to be complexly folded as the stratigraphy is repeated in
several drill holes. Lithologies generally trend to the
southwest-northeast and dip to the northwest at moderate angles. 
The drill programs of 2011 and 2012 were designed to calculate
resources to vertical depths of 350 metres, however two holes were
drilled to vertical depths of 600 meters to 650 meters and
intersected equally as rich iron formations as have been tested
throughout the drilling campaign.  
This news release was prepared, reviewed and approved by Mr. Mike
Flanagan, M.Sc.A, P. Geo., the Lamelee South Project Manager, a
Qualified Person under NI 43-101 standards.  
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. 
Quality Assurance, Quality Control Protocols 
Drill core boxes arrive at the Fancamp core logging facility on the
Lac Lamelee South Iron Project. Boxes are op
ened and depth tags are
verified for errors. Each box is labeled with embossed aluminum tape
stapled to box end. Numbers indicated hole and box numbers as well as
"from" and "to" footages. Sampling is continuous through mineralized
intervals and intermittent in other lithologies. Within mineralized
intervals, samples taken are 2 metres in length of half-sawed core,
or up to lithological or structural boundaries. One standard per hole
is included within the sampling of mineralized zones up to 250 metres
of hole length. Holes deeper than 250 metres contain a second
standard. There is one blank sample and one duplicated sample per 80
metres of core. Some 26 samples of varying lithologies have been
quartered and sent to the principal laboratory and a second
laboratory. Approximately 50 Davis Tube and density test have been
conducted on a range of important lithologies. One-half of the sample
is returned to the core box with the sample tag number stapled at the
down-hole end of the sample interval. The other half is packaged in a
plastic bag accompanied by its stapled sample tag number. The sample
number is also written with felt pen on the bag.  
Core logging is conducted using GeoticLog and Geotic Graph software.
Data is transcribed for GEMCOM software. Geology is described using
13 lithological units and several sub-lithologies. Other parameters
described in the logs include structure, magnetic susceptibility,
rock quality data and mineralization. Rock quality data is described
at varying intervals according to their common fracture
characteristics, recovered lengths, RQD length (total lengths of
sections over 10 centimetres) and number of fractures over the
interval. Recovery and RQD percentages are calculated. Mineralization
is described as a visual percentage of magnetite and/or hematite and
a ratio of magnetite to hematite is generally estimated.  
Sample bags are secured with staples and/or cable ties. Sample
batches are tabulated for shipping control. Sample requisitions are
included in the first bag of each batch. Samples are placed in large
rice bags for shipping, all secured with a cable tie. Batches are
separated into two groups corresponding to the two drills working on
the project. Samples are transported from camp to a shipping depot in
Wabush (Newfoundland and Labrador). Batches are placed on pallets and
wrapped in plastic to secure the bundles. Samples are shipped by
commercial transport to the ALS Laboratory Group facilities in
Val-d'Or (Quebec). Shipping waybills are kept for tracking shipments
as required.  
Core samples received at the laboratory are sorted and verified
against the original list to ensure that all samples have been
received to check for discrepancies. The samples were entered into
the laboratory information management system. The sorted samples are
dried in the original sample bags to ensure that any damp fines did
not remain upon transfer to drying containers. Once dry the samples
were crushed 70% to less than 2 millimetres, (Tyler 9 mesh, US Std#10
screen). Each sample was then riffle split and an aliquot up to 250
grams was pulverized to better than 85% to less than 75 micrometres,
(Tyler 200 mesh, US Std#200 screen). Quality control testing was
conducted on random samples at both crushing and pulverizing stages
to verify efficiency. Samples were then analyzed using the fusion XRF
whole rock package which provide the analysis of Al2O3, CaO, Cr2O3,
Fe(T), K2O, MgO, SiO2, TiO2, and single temperature Loss On Ignition,
as well as As, Ba, Cl, Co, Cu, Mn, Ni, P, Pb, S, Sn, Sr, V, Zn, and
Zr. Each batch was accompanied by QAQC measures provided by the
laboratory as well as those conducted during the sampling. These
included the analysis of blanks, duplicates and certified standard
reference materials. All QAQC standards are control charted to ensure
that the data passes quality control prior to final release.  
Upon completion of analysis and verification by the laboratory
chemist, results were entered into the information management system
and approved. Reports are then generated and a final quality control
check is done by an independent person. This person also did the
final certification of the data. Data was then transferred to
S.E.C. Exemption: 12(g)3-2(b) 
No stock exchange or securities regulatory authority has reviewed or
accepted responsibility for the adequacy or accuracy of this release. 
Fancamp Exploration Ltd.
Jean Lafleur, M. Sc., P. Geo.
President and CEO
(514) 975-3633 
Bay Street Connect
Michael D'Amico
nvestor Relations
(647) 500-6023
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