08:33 AM EDT, 08/17/2022 (MT Newswires) -- Fancamp Exploration Ltd. (FNC.V) announced Wednesday final assay results from its 2022 winter drilling program at its Clinton project located in the Eastern Townships of Quebec, Canada. The company claimed it is among the top jurisdictions globally in terms of attractiveness of exploration investments, citing an Annual Survey of Mining Companies 2021, Fraser Institute.

As previously reported, Fancamp drilled 1,294 metres in six holes during February and March 2022 in the northern part of the property, to evaluate massive sulphide lens A, one of five massive sulphide lenses on the property. The program successfully extended lens A mineralization, where Cu and Ag grades and mineralized widths were consistent with historical intercepts of lens A. The work further suggests that mineralized lenses A and B may be contiguous. Fancamp said it will be conducting, with TMC Geophysics, a "Downhole" Pulse EM survey, to follow up on those "excellent" results. The survey will be designed to identify possible zones of electrically conductive massive sulphide mineralization beyond the areas thus far drilled, in the A/B lens area. The survey will also enable Fancamp to better define the deposit, thus reducing the overall cost of exploration.

Among Highlights: Hole CLDD-22-01 produced 3.0 metres @ 0.72% Cu, 2.87 g/t Ag and 0.02 g/t Au.

On Outlook, Fancamp said after review of the 3D modelling it conducted a 1,294-meter, 6-hole drill program to firstly, test a VTEM plate anomaly situated some 100 metres NE of a copper bearing mineralized lens and secondly, to possibly expand the lens along strike. Fancamp was able to establish the potential connectivity of the A and B lenses, and consequently extended the strike length of these two lenses by approximately 100 metres. It said the drill campaign indicates these two lenses, A and B, could conceivably be considered a contiguous mineralized zone and coalesce at depth, forming, potentially, one lens. Such findings further imply a favorable drilling horizon to further expand lenses A and B to the SW, it added.

Fancamp said the mineralization is typical of a VMS (Volcanogenic Massive Sulphide) type deposit and occurs at the contact between a thick sedimentary sequence and a felsic volcanic unit. It noted an exhalative horizon, consisting of finely laminated iron rich mudstone with, occasionally, a jasperoid type bed, can be traced over the full strike length of the mineralized horizon. It added this unit is an easily identified marker, both geophysically and geologically, and will help uncover the extent of the mineralized lens. Once the results of the Down Hole Pulse EM survey are received, Fancamp will update its geological model and prepare for a new drilling program aiming at expanding the Clinton copper mineralization.

"The assay results proved that the winter drill program has been a complete success in confirming the Clinton project is host to significant sulphide copper mineralization, in the shadow of a past-producing mine, which now extends along strike with the potential merging of two copper bearing mineralized lenses. Most encouraging is the fact that the A-B lens remains open to the north and at depth with a plunge to the SW, with extension of the strike length for both lenses by 100 metres, where we find hole results that return grades and widths concurrent with historical intercepts. These results suggest there is ample room for additional expansion and growth of the Clinton geological model and drilling strategy." said Francois Auclair, Vice President Exploration of Fancamp.