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fancamp exploration ltd (FNC) Snapshot

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03/3/14 - C$0.11
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fancamp exploration ltd (FNC) Details

Fancamp Exploration Ltd., an exploration stage company, engages in the exploration of mineral properties in Canada. It explores for hematite magnetite iron formations, titaniferous magnetite and hematite, nickel/copper/PGM, chromite, volcanogenic massive sulphides, and gold deposits. The company owns interests in various mineral properties covering approximately 1,713 square kilometers located in the provinces of Quebec, Ontario, and New Brunswick, Canada, as well as a metals mining lease in the state of Maine, USA. Fancamp Exploration Ltd. is headquartered in Burnaby, Canada.

fancamp exploration ltd (FNC) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: C$102.0K
Chief Financial Officer, Director and Member ...
Total Annual Compensation: C$62.5K
Compensation as of Fiscal Year 2014.

fancamp exploration ltd (FNC) Key Developments

Fancamp Announces Results of Airborne Geophysical Survey on Oxford Brook Property

Fancamp Exploration Ltd. announced that recent compilation work by Joel Dube of Dynamic Discovery Geoscience for Fancamp Exploration has shown that the reported VMS style mineralization on the Oxford Brook property is reflected in the results of an historic airborne magnetics, EM and radiometric geophysical survey conducted over this area by the Geological Survey of Canada in 1997. Across the 23 kilometre long Oxford Brook property 18 significant untested targets have been identified from the survey, five of which (including the discovery outcrop) can be considered as very high priority EM targets associated with magnetic anomalies. The property is centered on a narrow band of volcanic rocks, traditionally thought to be basaltic to andesitic tuffs and flows.

Fancamp Provides an Update of Activities on the High Grade Gold Quartz Vein Systems on its Northwest Property in the St. Quentin Area of Northwestern New Brunswick

Fancamp Exploration Ltd. reported the preliminary channel sample results of recent exploration activities on the Northwest property located in northwestern New Brunswick. Four mineralized occurrences outlined by the property vendor over a north-northeast trending strike length of 600 metres were trenched and sampled in late November and early December. A fifth trench was dug across the strike of the regional structural trend which hosts the known occurrences. The occurrence of principal interest, termed the Dome vein, is comprised of a folded, fractured and faulted milky white quartz vein varying in width from thin veinlets to 0.5 metres, hosted within strongly foliated sericite schist. The Dome vein trench was dug to a depth below surface of about 4 metres. At current exposure levels the vein pinches out to the northeast and southwest along strike. This vein was sampled by a series of fourteen 0.5 metre long channel samples, to represent a volume of approximately 20 sq. metres of quartz vein and host rock material. Visible gold was recognized in 6 of the channel samples. All samples were analyzed using metallic sieve method to minimize the nugget effect (Au-SCR21). For this method, two size fractions of less than 100 microns and greater than 100microns were analyzed after screening to yield a weighted average grade for each sample based proportionately on the weight of each fraction. The 14 samples gave an average grade of 5 g/t, with a maximum value of 57.6 g/t over 0.5 metres. A second vein, approximately 120m south-southwest of the Dome vein was sampled at various locations over a 30 metre strike length and gave results of 60 ppb to 280 ppb Au. Further south-southwest, about 310 metres from the Dome vein, a grab sample of quartz vein material from a small outcrop exposure gave a result of 32.1 g/t Au. Most recently a new trench was dug across the strike of the regional structural trend and revealed a new occurrence, approximately 160 metres southeast of the Dome vein with a quartz vein hosted in highly carbonatized fine sandstone and showing visible gold with chalcopyrite and malachite. Further trenching and sampling are planned for this new occurrence.

Fancamp Exploration Ltd. Announces Board Changes

Fancamp Exploration Ltd. announced that at the company's annual meeting held on October 30, 2014, its shareholders voted in favor of the management nominees to the board of directors of the company, namely Paul Ankcorn, Mark Billings, Debra Chapman, Gilles Dubuc, Fouad Kamaleddine, Ashwath Mehra, Mel de Quadros and Peter H. Smith.


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