Fancamp Exploration Ltd.
TSX VENTURE : FNC

Fancamp Exploration Ltd.

October 22, 2014 09:15 ET

Fancamp Tests High Grade Gold Quartz Vein System on Its Robidoux Property Located in Western Gaspe

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 22, 2014) - Fancamp Exploration Ltd. ("Fancamp") (TSX VENTURE:FNC) is pleased to report the preliminary channel sample results of recent exploration activities on the Robidoux property located in the western Gaspé. Given the size of the property and quality of mineralization encountered, Fancamp is optimistic that further exploration will continue to outline small, but rich vein systems that could lend themselves to eventual development.

The preliminary channel sample results were taken from one of a series of steeply dipping quartz veins striking in a NW direction some 1.5 km south of the EW trending Grand Pabos Fault, 45 km northeast of New Richmond on the Bay of Chaleur. These veins were first tested by Ressources Appalaches Inc. in 1999/2000 who carried out soil sampling, trenching and the drilling of nine shallow holes, some of which returned interesting gold values. Fancamp's work is built on this database, extending the areas outlined by Appalaches through soil sampling, prospecting and trenching. Currently the area of interest is marked by strong gold- in- soil anomalies extending over some 2 km of strike length. Proximity to the main Grand Pabos Fault is obviously important from a mineralization standpoint, given its status as a major, deep seated suture zone hosting numerous small intermediate and felsic intrusive bodies, themselves critical heat sources. Skarn - like copper zinc mineralization some 2 km east of these veins was investigated by Soquem and Noranda in the 1970's and 80's, but few gold assays were reported. The Robidoux property currently consists of 283 claims extending along the Grand Pabos structure for some 55 km or 34 miles.

The test results come from the northernmost section of what is here called the A vein system. Other vein systems further to the east northeast, the B and C systems, have also been tested and some bulk samples, up to 4.5 tonnes, have been taken. Final results from this test work will be released when received. Based upon the work to date, the north sector of the gold vein system seems to contain the highest gold grades, possibly a function of its proximity to a splay fault off the Grand Pabos structure. Channel sample results from this north sector are as follows:

Composite Sample # Distance from 0 reference point Width of channel sample Number of samples in composite Weighted average Au - ppm
C-2 2 metres 0.6 metres 1 1.82
C-6 6 metres 1.0 metres 2 8.89
C-10 10 metres 1.2 metres 3 13.10
C-15 15 metres 1.5 metres 3 18.62
C-17 17 metres 1.7 metres 4 91.80
C-18 18 metres 1.8 metres 4 45.90
C-20 20 metres 0.3 metres 1 49.40
C-23 23 metres 3.1 metres 6 13.93

60 metres NE of the fault terminated A vein, a cluster of angular quartz vein blocks some up to a metre across, occur in deep clay like overburden. It is suspected they are not far from source but further trenching is required. Only two grab samples, taken at random, some ten metres apart, in this assemblage of mud covered blocks, were assayed, and returned 121 ppm Au and 272 ppm Au.

Plans are underway to take a 400 tonne bulk sample from the approximately 21m strike length of the northern sampled sector of the A vein, together with a small 500m drill program to test the vein in detail at 50m depth.

This release was prepared by Messrs. Jean Bernard, P.Geo and Mike Flanagan, P.Geo, Qualified Persons under NI 43-101 rules.

About Fancamp Exploration Ltd (www.fancampexplorationltd.ca)

Fancamp Exploration Ltd. is a Canadian junior mineral exploration company that continues to evolve into a holder of shares in partner companies and royalties on near-term producing mines. These assets are designed to generate free cash flow without further shareholder dilution.

Fancamp has an exceptional inventory of resource projects at various stages of development
in three provinces. The commodities include hematite-magnetite iron formations, titaniferous magnetite, hematite, nickel/copper/PGM, chromite, Volcanogenic Massive Sulphides and gold.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Sampling and Assay Protocols:

Sampling Methodology

Channel samples were collected as representative continuous chips over widths of 0.4 to 0.6 metres in length, across the width of the vein at 7 locations. Samples were collected in polyethylene bags accompanied by a sample number tag and sealed with cable ties. Each bag was also labelled with a marker pen on the outside of the bag for ease of identification. Samples are identified on the outcrop surface by orange spray paint and photographed. A GPS reading of the location of the sampled site is recorded.

Samples were sealed and arranged for shipment to ALS Chemex Laboratories in Val D'Or, Quebec. All but one composite sample contained a duplicate and were shipped with a chain-of-custody form listing all samples in the batch. Batches were shipped in rice bags sealed by cable ties. Bags were transported to Pointe à la Croix then shipped by bus to the ALS Chemex laboratory in Val D'Or.

Sample Preparation, Analysis and Quality Control

The purpose of preparation is to produce a homogeneous analytical sub-sample that is fully representative of the material submitted to the laboratory.

The 26 channel samples varied in weight from 5 to 18 kg with an average weight of 12.39 kg. Samples submitted were logged in the tracking system, weighed, dried and finely crushed to better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of about 1kg was taken and pulverized to better than 85 % passing a 75 micron (Tyler 200 mesh, US Std. No. 200) screen.

Samples received at the lab were sorted and verified against the list to ensure that all samples were received and there were no discrepancies. The sorted samples were dried in the original sample bags to ensure that any damp fines did not remain upon transfer to drying containers. Upon completion of sample analysis and verification by the lab analyst, results were entered into the system and approved. Reports were then generated and a final quality control check by an independent person was performed. This person also did the final certification of the data. Data was then transmitted to Fancamp.

All samples were analyzed at the ALS Minerals lab in Val D'Or, Quebec using metallic sieve method to minimize the nugget effect ( Au-SCR21). All samples were also analyzed by fire assay with atomic absorption finish for gold analysis (Au-AA25). For the SCR21 method, two size fractions of <100 microns and >100microns were analyzed after screening to yield a weighted average grade for each sample based proportionately on the weight of each fraction. Each batch was accompanied by quality control measures provided by the lab as well as those conducted during sampling. These included the analysis of blanks, duplicates and certified standard reference materials. All QC standards are control charted to ensure that the data passes QC prior to release of data.

Table 2: Laboratory Results:


Channel

From
(m)

To
(m)

Interval
(m)

SAMPLE

Au Total (+)(-)
Combined ppm

Weighted
average
C-2 0 0.6 0.6 N080701 1.82 1.82
C-6
0

0.5

0.5

N080702

9.47

4.735
C-6 0.5 1 0.5 N080703 8.32 4.160
total 1.0 total 8.895
C-10 0 0.25 0.25 N080704 10.55 2.19
C-10 0.25 0.5 0.25 N080705 5.69 1.17
C-10 0.5 0.9 0.4 N080706 0.83 0.27
C-10 0.9 1.2 0.5 N080707 22.8 9.49
total 1.4 total 13.1
C-15 0 0.5 0.5 N080708 11.8 3.933
C-15 0.5 1 0.5 N080709 17.95 5.983
C-15 1 1.5 0.5 N080710 26.1 8.700
total 1.5 total 18.617
C-17 0 0.5 0.5 P135937 61.2 18.000
C-17 0.5 0,75 0.25 P135938 108 15.8
C-17 0.75 1 0.25 P135939 136 19.9
C-17 1 1.7 0.7 P135940 93 38.294
total 1.7 total 91.8
C-18 0 0.3 0.3 N080711 55.4 9.2
C-18 0.3 0.6 0.3 N080712 47.6 7.9
C-18 0.6 1 0.4 N080713 73.1 16.244
C-18 1 1.4 0.4 N080714 31.6 7.022
C-18 1.4 1.8 0.4 N080715 25.6 5.689
total 1.8 total 45.9
C-20 0 0.3 0.3 N080716 49.4 49.4
C-23
0

0.5

0.5

N080717

11.95

1.927
C23 0.5 1 0.5 N080718 5.68 0.916
C23 1 1.5 0.5 N080719 4.27 0.689
C23 1.5 2 0.5 N080720 23.7 3.823
C23 2 2.5 0.5 N080721 11.35 1.831
C23 2.5 3.1 0.6 N080722 24.5 4.742
total 3.1 total 13.93

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

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