VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 11, 2011) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) is pleased to announce that results continue to indicate that its 100% owned Lac Lamelée South Deposit has the potential of significant tonnages in this important iron ore district characterized by the operating ArcelorMittal Fire Lake Mine and the adjacent CHM/FNC Fire Lake North project with its newly released NI 43-101 resource of 1061.3 Million tonnes @ 28.8% total iron, measured, indicated and inferred.
Assays from five more holes drilled in the Mountain Pond zone which continue to intersect high grade magnetite and hematite iron formations are;
Drill hole LS-2011-07 intersected 156.6 metres (down-hole core length) grading 23.1% Total Iron ("FeT") from 124.0m – 280.6m, including an interval of 29.1 metres grading 27.98% Total Iron ("FeT").
Drill hole LS-2011-08 contained two significant intersections of 52.0 metres (down-hole core length) grading 20.2% Total Iron ("FeT") from 3.0m – 55.0m, and 185.9 metres (down-hole core length) grading 25.5% Total Iron ("FeT") from 181.6m – 367.5m, including an interval of 32.3 metres grading 38.1% Total Iron ("FeT").
Drill hole LS-2011-09 intersected 177.2 metres (down-hole core length) grading 26.3% Total Iron ("FeT") from 6.0m – 183.2m.
Drill hole LS-2011-10 contained two significant intersections of 58.0 metres (down-hole core length) grading 28.1% Total Iron ("FeT") from 37.0m – 95.0m, and 171.0 metres (down-hole core length) grading 29.4% Total Iron ("FeT") from 171.0m – 342.0m, including an interval of 57.0 metres grading 36.1% Total Iron ("FeT").
Drill hole LS-2011-11 contained two significant intersections of 60.0 metres (down-hole core length) grading 22.2% Total Iron ("FeT") from 99.0m – 159.0m, and 142.0 metres (down-hole core length) grading 25.1% Total Iron ("FeT") from 237.0m – 379.0m.
The drill program was completed on October 23rd, with a total of 5,613m in 17 drill holes. Results are pending on an additional six holes drilled between the Tanguay zone and the Mountain Pond zone.
This news release was prepared by the Company's QP Mike Flanagan, P.Geo.
ON BEHALF OF THE BOARD
"Peter H. Smith", PhD., P.Eng., President
S.E.C. Exemption: 12(g)3-2(b)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Peter H. Smith, PhD., P.Eng.
President
514-481-3172
www.fancampexplorationltd.ca
Bay Street Connect Investor Relations
Michael D'Amico
647-500-6023