Thelatest PP announced on April 12th is expected to be completed by Mon-Wed next week and the drilling on the first hole in C-1 target is estimated to be done by Thursday next week.

Although variations in rock conditions, bit/hole size, plus depth, weather conditions will affect drill performance, on average, it is estimated around 100-meter per day up to 400-meer drilling and 75-meter per day for an additional 100-meter drilling.

The completion of PP will be regarded as a positive news. I wonder FNC will release visual results upon the completion of the first drill before they send samples to the lab for assay results or insider information could be leaked from variable sources. If mineral deposits are found, then either Noront or Cliff’s will be bidding to take over FNC’s McFauld’s property. BMK/KWG sp’s were doubled in the past month as KWG proposed Big Daddy scoping study. Investors are expecting that Cliff’ Resource will buy out the jv properties.

Trading volume will be up certainly next week….

2009-12-22 Fancamp closes $1.79-million private placement (@$.50, warrant @$.75)

2009-12-02 Fancamp closes $450,000 private placement (@$.50, warrant @$.75)

2009-11-09 Fancamp Exploration closes $1.5-million financing (@$.75, warrant @$1.00)

2009-10-06 Fancamp completes $155,750 flow-through financing (@$.75, warrant @$.90)

2009-09-01 Fancamp closes $329,630 private placement (@$.66, warrant @$.80)