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EXPLORATION 

prOGRAMS

A FOCUS ON APPALACHIAN PROJECTS:

High Potential Jurisdiction for Exploration

  • 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. 

  • Strategically planned drill programs across select projects, 2 projects with strong exploration potential, Clinton and Stoke.

  • 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.

  • Clinton offers the potential to develop a future sizeable copper resource and currently hosts a *historical non-compliant 43-101 resource within five small sulphide lenses A, C, E, F, and O totalling *1.52MT at 2.02% Cu and 1.54% Zn (Link: MNRQ DV 85-08).

  • Some occur in areas of extensive mineral occurrences, and moderate grade with potential for expansion; such as Stoke. Stoke 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: GM 66485].

 

* REFERENCE: DV 85-08 : Gîtes minéraux à tonnage évalué et production minérale du Québec – Claire Lavergne (1985) (Link: MNRQ DV 85-08​).

NOTE: A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and the issuer is not treating the historical estimate as current mineral resources or mineral reserves.

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