Fancamp Exploration's Profile
FANCAMP EXPLORATION LIMITED
Fancamp Exploration Ltd. is a Canadian exploration company with an exceptional inventory of resource projects in various stages of development, including the following commodities; hematite magnetite iron formations, titaniferous magnetite and hematite, nickel/copper/PGM, chromite, VMS and gold.
RECENT DEVELOPMENTS
1. NI 43-101 compliant, measured and inferred resources on its 17.5% owned Fire Lake North Property have been increased by a factor of 2.6x to 1063.1 million tonnes @ 28.9% total iron.
2. 8,125 metres of drilling have been completed on the Magpie No. 2 Deposit with 55,000 lbs of samples collected. Assays and an NI 43-101 is scheduled for completion by year end.
3. 5,613 metres of diamaond drilling has just been completed on the 100% owned Lac Lamêlée South property. An NI 43-101 resource estimate scheduled for Q1 2012.
4. The Company's McFauld's Lake property immediately adjacent to Noront Resources Inc Ni/PGM/Cu discovery and Cliffs Natural Resources Big Daddy and Black Thor chromite deposits is highly prospective for both these element groups and recent drilling by the Company has indicated the probable presence of significant quantities of high grade chromite.
5. Reconnaissance diamond drilling on the Company's 100% owned Beauce gold property has not yet been successful in identifying zones of economic interest although patterns of deformation and alteration encountered are typical of major gold bearing systems.
6. Drilling on VMS targets in the Stoke and Clinton areas of the Appalachian project has identified potentially significant targets which will be enlarged upon by geophysics and further drill testing.
7. Prospecting on the Company's Red Paint Lake gold property has revealed the presence of high grade angular float in a NE trending fault valley - which is a part of the Marmion Lake Fault System an offset part of which hosts the Osisko/Brett Hammond Reef property immediately to the south. Prospecting continues.
8. Airborne geophysics has indicted the probability of massive sulphides beneath 300-400 metres of Paleozoic limestone cover on the Company's majority owned Desolation Lake Project in the James Bay Lowlands. This very large kilometre scale conductive magnetic anomaly is a prime exploration target for nickel bearing sulphides for example. Consideration is being given to the possibility of a few test holes in Q1/2 2012.
Management & Directors
-
Peter H. Smith Ph.D., P.Eng.,
President & Director.
-
Debra J. Chapman
Director, Secretary of the Board, acting CFO.
-
Michael Sayer
Director.
-
Gilles Dubuc
Director.
Broker Fact Sheet
-
FNC Broker Fact Sheet
Thu Mar 29, 2019Fact sheet details
Company Links
-
Mon Mar 03 2014, 10:47AMThis comprehensive report places a 12 month price target on shares of FNC.V at C$0.75 based on key valuation drivers which surround the fact Fancamp is transitioning to a royalty company with potential life of mine revenue to FNC.V in excess of $440 million on two projects alone approaching production decisions -- Fancamp possesses royalty assets on multiple large properties that offer home run potential.
-
Sat Feb 15 2014, 01:18PMFNC.V has ownership interests in several exceptional advanced-stage flagship properties that it originated and has since vended. FNC.V is positioned for potential extraordinary share price appreciation over the coming months and years as the reality of the large inherent value that the Company possesses is understood by the market and milestones by its partner companies are achieved. No capex is required by FNC.V to eventually reap substantial potential revenue from vended properties.
-
Thu Jul 03 2014, 05:25PMLAMÊLÉE IRON ORE LTD. (TSX-V: LIR) is a Canadian mining company with a Québec property located at the south end of the Labrador Trough. Experienced team with great track record, they successfully developed and brought to production the Bloom Lake Iron Mine in Québec. As consideration for the acquisition of a 100-per-cent interest in the property, Fancamp was issued 43 million common shares in Lamelee and a 1.5% NSR royalty (0.5% per cent of which can be bought back for $1.5-million).
-
Mon Mar 03 2014, 10:43AMMining expert Jay Taylor of Hard Money Advisors initiates coverage on Fancamp Exploration Ltd. (FNC.V) "Perhaps upwards to a four-fold increase over current values could be enjoyed by shareholders as the market begins to discount very sizeable future royalty cash flows." - J. Taylor Feb. 28, 2014
-
Sat Feb 15 2014, 01:32PMFNC.V has an exceptional inventory of resource projects at various stages of development covering more than 1,710 km2 in 3 provinces. FNC is focused on enhancing shareholder value by identifying and acquiring early-stage projects with excellent mineral potential; advancing them to the next decision stage with efficient exploration; selling, optioning or joint venturing them to solid partners for cash and shares of the partnering companies and inheriting a significant royalty on future production
-
Fri Aug 19 2011, 01:16AM
-
Tue Aug 04 2009, 04:45PMChart Prices of Titanium, Iron Ore, Nickel...