Fancamp Exploration Ltd.
TSX VENTURE : FNC

Fancamp Exploration Ltd.

February 28, 2008 10:09 ET

Fancamp Exploration Ltd.: McFauld's Lake Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Fancamp Exploration Ltd. (TSX VENTURE:FNC). The following is an update for the Fancamp McFauld's project. Attached are the total field mag and the conductor interpretation maps arising from the November, 2007 Aerotem II survey. It should be emphasized that these are preliminary returns only, and are subject to adjustment and correction. However, they do indicate the major targets of interest.

With reference to the conductor interpretation map, #1-1 is Noront's Eagle 1 discovery, 1-2, 1-5, 1-6 and 1-7 are all Noront conductors. 1-4, 1-3, 1-11 and 1-10 represent Fancamp conductors, the latter shared with Freewest. The red dots - EM profile anomalies, represent conductivity, the exact nature of which has yet to be ascertained.

The total field magnetic map clearly shows the relationship of the large conductive magnetic feature on Fancamp's ground with the Eagle 1 discovery, which itself could be considered an extension in this large complex feeder zone. A particularly interesting target is the very strong magnetic feature located in the upper Fancamp block. This lies about 4 km NE of the Eagle 1 discovery and although the Aerotem II system shows little conductivity, the possibility of deeply buried, undetected conductors would seem to be good.

Currently, Fancamp and Noront are carrying out pulse EM surveys on targets 1-2, 1-3 and 1-4. These results should be available within a few weeks, following which drill targets will be selected. The Company hopes to be drilling by the end of March.

ON BEHALF OF THE BOARD

Peter H. Smith, Ph.D., P.Eng., President

S.E.C. Exemption: 12(g)3-2(b)

To view the map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/Fancamp%20Map.pdf

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Fancamp Exploration Ltd.
    Peter H. Smith, Ph.D.,P.Eng.
    President
    (514) 481-3172