Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Fancamp's Lac Lamelee Property-Latest Drilling Results

posted on Nov 11, 2011 03:05PM

Fancamp Exploration Ltd.

TSX VENTURE : FNC

November 11, 2011 15:00 ET

Fancamp's Lac Lamelee Property-Latest Drilling Results

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.