VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2012) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) wishes to announce that it has commenced an 8,500 metre drill program on its 100% owned Lac Lamêlée iron property, with the objective of establishing an NI 43-101 compliant indicated and measured resource. The program is expected to be completed in October, 2012.
A total of 17 holes (5,625 m) have previously been drilled, with the best hole yielding an intersection of 28.4% total iron over 199m. The Company's news release of December 12, 2011 summarized the results for the complete 2011 drill program.
This property has potential for a significant iron resource and given its proximity to Champion Minerals' Consolidated Fire Lake North properties and their near term production possibilities, it could indeed be a significant asset for the Company.
Champion Minerals has a right of first refusal on this property should Fancamp elect to bring in another party.
ON BEHALF OF THE BOARD
"Peter H. Smith", PhD, P. Eng., President
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.
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.