https://www.businesswire.com/news/home/20210416005090/en/Fancamp-Appoints-Fran%C3%A7ois-Auclair-as-New-Vice-President-of-Exploration

VANCOUVER, British Columbia--(BUSINESS WIRE)--Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange:FNC) today announced the appointment of François Auclair as Vice President of Exploration.

“I would like to welcome François to the management team of Fancamp. With his wealth of experience, he will play a critical role in our redefined strategy to exploration by ensuring the Corporation focuses on select, high quality and high potential targets, while using a disciplined rigor when allocating funds”

Tweet this

Mr. Auclair is a professional geologist with over 25 years of experience, both in Canada and globally, and has a proven track record of developing and advancing exploration projects towards mining projects. He has held numerous senior and strategic positions, and most recently was the CEO and co-founder of Algold Resources, where he guided the selection of high potential projects and progress financing for the startup. Under Mr. Auclair’s leadership, in less than three years, Algold delineated over one million ounces of gold at the Tijirit Project in Mauritania, Africa. Prior to Algold, Mr. Auclair was the CEO of Nimini Gold, a Canadian private junior mining company, where he led the development of the Komahum gold deposit in Sierra Leone. As General Manager of Tasiast SA, Mr. Auclair was also a member of the Rio Narcea teams, which developed the Tasiast Gold Mine in Mauritania. Mr. Auclair holds a M.Sc. in Geology and Geochemistry from Université de Montréal and is fluent in French and English. Mr. Auclair is a Qualified Person, being a member in good standing of l’Ordre des Géologues du Québec and a Fellow of the Geological Association of Canada.

“I would like to welcome François to the management team of Fancamp. With his wealth of experience, he will play a critical role in our redefined strategy to exploration by ensuring the Corporation focuses on select, high quality and high potential targets, while using a disciplined rigor when allocating funds,” said Rajesh Sharma, Chief Executive Officer of Fancamp. “I look forward to working with him to build a leading and sustainable organization that has a strong and well-balanced management team focused on creating value for our shareholders.”

As discussed on the January 19, 2021 and March 4, 2021 investor calls, the new management of the Corporation developed a three-pronged growth strategy focused on:

1. Exploration Properties: Selecting quality exploration targets to enhance value, combined with a disciplined rigor when allocating funds.
2. Titanium Technology: Establishing new processes and obtaining patents to become an active participant in a $16-billion industry.
3. Strategic Alternatives: Acquiring projects that have the potential for near-term cash flow, such as the ScoZinc Scotia Mine.

The appointment of Mr. Auclair will advance the Corporation’s Exploration Properties pillar. In addition to Mr. Auclair, Dr. Charles Tarnocai, who led the independent technical review to reprioritize the project pipeline which enabled the Corporation to develop its resource base through a systematic and efficient approach to exploration, will continue to support the Corporation as Strategic Technical Advisor. Dr. Tarnocai has extensive experience in international mining and mineral exploration, and was most recently Vice President, Corporate Development for Alamos Gold Inc., where he was responsible for the identification, financial and technical evaluation, and acquisition of development and production-stage mining projects.

The addition of Mr. Auclair and the ongoing partnership with Dr. Tarnocai comes at a time when Fancamp’s future is bright and the Corporation is finally set to deliver significant value to shareholders. Shareholders can read more about the Corporation’s 2021-2022 plans here.

Advisors
Lavery, de Billy, L.L.P. is serving as legal advisor to Fancamp. Kingsdale Advisors is acting as strategic shareholder and communications advisor to Fancamp.