Fancamp Exploration Ltd.: Exploration Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 20, 2016) - Fancamp Exploration Ltd. ("Fancamp") (TSX VENTURE:FNC) - In view of recent market interest, the Company wishes to provide further comments on some key highlights released in the recent MD&A posted on SEDAR.
The most important of these is the acquisition, through staking, of a series of government discovered lepidolite (lithium mica) occurrences (found in 2007 and reported in 2015). These occurrences are located some 60 km east of Chibougamau in the Lac Jumonville district and are readily accessible by a lumber road network. They are apparently associated with a north south granite and pegmatite intrusive complex extending along a strike length of some 23 km and up to several km in width. The area is largely unexplored and the Company has staked the complex in its entirety. A crew is scheduled to visit the site in mid May, following breakup.
In other matters, application has been made to the Federal Government for a grant to partially finance a test facility to enable the commercialization of its proprietary "Magpie Process" for the separation of high grade TiO2 from iron ores.
Peter H. Smith PhD, P.Eng
About Fancamp Exploration Ltd. (www.fancampexplorationltd.ca)
Fancamp Exploration Ltd. is a Canadian junior mineral exploration company with an exceptional inventory of properties and related assets. Company policy over the years has been, and continues to be, to reduce risk by bringing in participating partners through sales or options. The resulting shares, cash payments and royalties have enabled the generation of income to continue the process and take advantage of opportunity.
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.
Contact
Fancamp Exploration Ltd.
Peter H. Smith
President, CEO and Chairman
+1 514 481 3172
phsmith@outlook.com
www.fancampexplorationltd.ca
