EXPLORATION
prOGRAMS
A FOCUS ON APPALACHIAN PROJECTS:
High Potential Jurisdiction for Exploration
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Several Fancamp projects of focus are located in the Appalachian region, an area which hosts highly prospective targets due to geological potential and occurrences of high-grade base metals validated by 5 past-producing mines across a 130 km trend. This belt offer potential for the discovery of copper and zinc rich VMS-type, massive sulfide deposits.
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Past drill programs conducted across select projects with strong exploration potential; Clinton and Stoke.
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Several of the projects host historic production with remaining demonstrated mineral potential such as Clinton. Initial high grade copper assay results and extension of previously recognized copper and gold mineralization at Clinton project; 2022 program intersected 3.15 metres at 3.30% Cu and 12.64 g/t Ag, extending the known Clinton A massive sulphide lens by more than 100 metres along strike (Link). Some 62,354 metres of drilling across 297 holes was performed since 1953 at the Clinton Project (Link), the recent drilling campaign boasts expansion potential of VMS lenses.
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Some occur in areas of extensive mineral occurrences, and moderate grade with potential for expansion; such as Stoke, which hosts historical high-grade copper intersections including the intersection of the widest sulphide mineralization discovered to date; ST-2011-06: 6.4 metres at 7.29% Cu and 17.6 g/t Ag [Link: MRN Report GM 66485, 2012].
NEW BRUNSWICK PROJECT:
REGION OF SEVERAL RECENT MAJOR GOLD DISCOVERIES
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Fancamp recently acquired by claim staking, 1,404 claim units in New Brunswick, the Riley Brook property, located approximately 25 kilometres south of Puma Exploration’s Williams Brook Project (refer to press release dated July 8, 2024). Riley Brook is located within the highly prospective Appalachian geological province, the location of several recent major gold discoveries such as New Found Gold’s Queensway Project. Fancamp’s staking of the Riley Brook property, as part of its grassroots generative program, is highly strategic given its jurisdiction within a new prospective area for both copper and gold mineralization over a large area with underexplored potential for gold mineralization associated with an underlying geology of Devonian volcano-sedimentary stack belonging to the Wapske Formation (Link).
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The Riley Brook property is located in a recognized mining-friendly jurisdiction with a sizeable land package of approximately 309 km² situated between the Rocky Brook Millstream Fault and Woodstock-Catamaran Fault. Both are major orogenic structures in the Appalachian region, potentially serving as significant controls for gold deposition and other types of mineralization. Such structures are key to large orogenic gold deposits in the Appalachian, exemplified by New Found Gold’s Queensway Project.