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FANCAMP INVESTMENTS

& INTERESTS

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Platinex Fancamp JV map

PLATINEX 

Fancamp has the opportunity for scale through the South Timmins Mining Joint Venture (‘GoldCo’) with Platinex Inc. (PTX) on combined properties Shining Tree, Heenan Mallard and Dorothy. GoldCo is held 25% FNC-75% PTX, located in a highly prospective district, the SW Abitibi Greenstone Belt, Canada’s largest gold producing region, providing over 90% of its gold production. Platinex is a Canadian junior mineral exploration company advancing high-quality projects in prolific Ontario mining camps. Fancamp holds retained future interest with option to increase its stake in GoldCo to 50% and purchased 25,869,741 shares of Platinex. Initial exploration program at Shining Tree commenced in Areas 2 and 3, targets that previously indicated several anomalous soil samples with gold values that coincide with the probability that Au-mineralization may be present (Link to May 17, 2023 release). PTX exploration programs include gold discoveries at both Heenan/Mallard and Shining Tree properties; channel samples taken from Heenan/Mallard returned composite weighted averages of 4.05 g/t Au over 2.00 metres and 2.39 g/t Au over 8.00 metres (Link to Nov 9, 2023 release).  GoldCo JV drill program is currently in progress. ​Advancement of exploration work at Shining Tree, conducted and reported by PTX, resulted in the collection of <2,000 B-Horizon soil samples. Stripping and prospecting near past producing Ronda Mine generated high-grade samples such as 9.04 g/t Au over 16.15 metres in a surface channel (Link to Feb 7, 2024 press release). A significant soil anomaly on trend with the Camp Zone, previously drilled by Noranda, resulted in 5.31 g/t Au over 3.82 metres identified on Mallard property (Link to Apr 30, 2024 press release).

* Platinex Inc. is the operator of the South Timmins Mining ‘GoldCo’ Joint Venture and is responsible for all technical information. All QA/QC was performed by Platinex as it relates to the South Timmins Mining ‘GoldCo’ Joint Venture.

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White Sheet

INTERESTS

 

Fancamp holds 25% interest in GoldCo (Platinex JV); Heenan Mallard, Dorothy and Shining Tree properties, option to increase interests to 50% for 2-year period commencing on approval date of Phase II Exploration Program. Fancamp holds 25,869,741 shares and 12,934,870 warrants of Platinex (as of * 04-2024).

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