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Fancamp channel samples 1.7 m of 91.8 ppm Au in Quebec

2014-10-22 09:22 ET - News Release

Mr. Peter Smith reports

FANCAMP TESTS HIGH GRADE GOLD QUARTZ VEIN SYSTEM ON ITS ROBIDOUX PROPERTY LOCATED IN WESTERN GASPE

Fancamp Exploration Ltd. has released preliminary channel sample results of recent exploration activities on the Robidoux property located in the western Gaspe. 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 northwest direction about 1.5 kilometres south of the east-west-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, which 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 about two 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 about two km east of these veins, was investigated by Soquem and Noranda in the 1970s and 1980s, but few gold assays were reported. The Robidoux property currently consists of 283 claims extending along the Grand Pabos structure for about 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 farther 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 testwork 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 shown in the table.

                          CHANNEL SAMPLE RESULTS
                                                   Number of        
Composite    Distance from 0        Width of      samples in        Weighted
Sample       reference point  channel sample       composite      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

Sixty metres northeast 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, about 10 metres apart, in this assemblage of mud-covered blocks were assayed and returned 121 parts per million gold and 272 ppm Au.

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

This release was prepared by Jean Bernard, PGeo, and Mike Flanagan, PGeo, qualified persons under National Instrument 43-101 rules.

Sampling and assay protocols

Sampling methodology

Channel samples were collected as representative continuous chips over widths of 0.4 to 0.6 metre in length across the width of the vein at seven 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, Que. 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 a 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 subsample that is fully representative of the material submitted to the laboratory.

The 26 channel samples varied in weight from five to 18 kilograms 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 per cent passing a two-millimetre (Tyler 9 mesh, U.S. standard No. 10) screen. A split of about one kg was taken and pulverized to better than 85 per cent passing a 75-micron (Tyler 200 mesh, U.S. standard 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 were then transmitted to Fancamp.

All samples were analyzed at the ALS Minerals lab in Val d'Or, Que., 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 less than 100 microns and greater than 100 microns 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 quality control standards are control charted to ensure that the data passes quality control prior to release of data.

                            LABORATORY RESULTS
                                                                            
                From     To   Interval             Au total (+)(-)  Weighted
Channel           (m)    (m)        (m)   Sample     combined ppm    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

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