Fancamp Exploration Ltd. Reports Results from the Drilling Program Completed in December 2014
Mar 26 15
Fancamp Exploration Ltd. reported results from the drilling program completed in December 2014. The program tested the “A Zone” vein to vertical depths of 35 to 155 metres, and also tested a splay fault hosting a feeder vein system to the A Zone, to vertical depths of 30 to 70 metres. Analytical results have been completed for the nine drill holes that comprised the phase 1 drilling program completed on December 10, 2014. On the A Zone quartz vein, which at surface varies in width from 10 cm to 3.1 metres, drill holes RBD-14-01, 02, 03, 04 and 05 were drilled across the width of the vein to test its extensions to the north and at depths to 130 metres. The vein was tested over a strike length of about 50 metres. Drill Hole RBD-14-01 did not hit the quartz vein due to a fault. Drill hole RBD-14-02 was drilled toward the southern end of the A Zone vein where the surface exposure of the vein at this section was 0.6 metres wide. This hole intersected the down-dip extension of the quartz vein at a depth of 75.6 m, (50 m vertical depth). A 2.5 metre interval gave a weighted average grade of 2.4 gpt Au, within which was a 0.5 m sample grading 7.24 gpt Au. The width of the vein in this hole suggested that the vein widens with depth. Drill hole RBD-14-03 was drilled below drill hole 02 to test the down-dip extension at a vertical depth of 125 metres. A narrow vein was encountered and a 1 m sample gave a weighted average from the two size fractions of 0.84 gpt Au, with the coarse fraction grading 5.67 gpt Au. Drill holes RBD-14-04 & 05 were located to test the down-dip extension of the widest and highest grade portions of the A Zone vein exposed by trenching and bulk sampling. Drill holes 04 and 05 intersected the quartz vein at vertical depths of 30 m and 10 m respectively, along the same section. Drill holes RBD-14-06, 07, 08 and 09 tested the splay fault which cuts the north end of the A Zone quartz vein. This fault coincides with an east-northeast trending gold and arsenic soil anomaly that can be traced at least 800 metres; 200 metres east of RBD-14-07 and 08, a grab sample from the fault gouge ran 7.8 gpt Au. All drill core samples were analyzed using metallic sieve method to minimize the nugget effect (Au-SCR21): two size fractions of <100 microns and >100 microns were analyzed after screening to yield a weighted average grade (Au total ppm) for each sample based proportionately on the weight of each fraction. The Grand Pabos-Restigouche fault system and associated splay structures remain the focus of Fancamp’s exploration efforts from the Quebec Gaspé to Northwestern New Brunswick. There is compelling evidence to suggest that Fancamp’s Northwest property in New Brunswick and the Robidoux property in the Gaspé, as well as newly staked properties along the structure, (Harriman and Ste-Marguerite) share similar geological characteristics and form part of an extensive regional epithermal style gold mineralizing system of great potential. In other matters, the company is expanding its Gaspe Bay Group Property by staking. The first of these is the Harrimann, covering some 12 kilometres of the Harrimann fault, a splay of the Grand Pabos fault system. At least five historic gold showings, associated with vein stockworks, granite/aplite intrusions and breccias are to be found along this structure. These were first noted in the nineties but remarkably, no drilling or trenching has ever been reported. One of the showings, for example, consists of a 300 by 700 metre boulder field of metric size angular blocks of altered and brecciated felsic intrusives and sediments mineralized with Cu, Zn and Sb sulphides, plus visible gold, is found near the fault and may be related to a small porphyry plug. Five grab samples from this material were reported to grade 7.6, 9.8, 10.0, 19.3 and 34 g/t Au. The second property, here called the Ste. Marguerite, covers some ten kilometres within the Restigouche - Grand Pabos structural corridor (along the Ste-Florence Fault) along which some 12 historic gold showings have been reported in strongly altered basalts. Limited diamond drilling returned intervals, for example, of 2.9 g/t Au over 8.5 m and selected grab samples returning up to 38 grams Au have been reported from this unit. The second property, here called the Ste. Marguerite, covers some ten kilometres within the Restigouche - Grand Pabos structural corridor (along the Ste-Florence Fault) along which some 12 historic gold showings have been reported in strongly altered basalts. Limited diamond drilling returned intervals, for example, of 2.9 g/t Au over 8.5 m and selected grab samples returning up to 38 grams Au have been reported from this unit. The company noted current developments in the Ring of Fire, and the fact that KWG Resources Inc. has made its current option payment of $700,000 to Fancamp by the issuance of 35 million common shares of KWG at a deemed price of $0.02. KWG is obliged to spend another 2.1 million in exploration before September 30 2015 in order to acquire a 50% interest in the property.
Fancamp Announces Results of Airborne Geophysical Survey on Oxford Brook Property
Jan 26 15
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
Dec 23 14
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.