RILEY BROOK PROJECT

CU-AU​​​

 

The Riley Brook property is a 1,404 claim unit located in New Brunswick, approximately 25 kilometers south of Puma Exploration’s Williams Brook Project. Riley Brook is located within the highly prospective Appalachian geological province, renowned for recent major gold discoveries, such as New Found Gold’s Queensway Project. Fancamp’s acquisition of 100% interest in 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 strong yet underexplored potential for gold mineralization associated with an underlying geology of Devonian volcano-sedimentary stack belonging to the Wapske Formation.

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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. 

 

A compilation of historical work indicates the presence of zinc, lead and/or silver of the intermediate sulfidation type throughout the property in areas such as Mable Brook, Stewart Peaks South and Blue Mountain Lake (refer to Figure 2). Alteration characteristic of epithermal type mineralization, such as silicification, kaolinization, sericitization, potassic alteration, hematization and pyritization have been recognized in historical drilling performed over the property[1]. These key features identified during the compilation of historical work programs also highlight the strong potential for porphyry – epithermal type mineralization on Riley Brook, similarly observed on Puma Exploration’s William Brook property (https://explorationpuma.com/, June 2024).

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New Brunswick, Acadian Gold Joint Venture: Riley Brook is subject to a joint initiative with Lode Gold Resources Inc. for the advancement and exploration of one of the largest and under-explored land packages in New Brunswick, 'Acadian Gold Corp.’ This 50/50 joint venture is located in a highly prospective region for gold and polymetallic mineral discovery, a geologic domain that hosts other gold-focused firms such as Calibre Mining and New Found Gold. The Acadian Gold joint venture constitutes combined mineral properties, Fancamp’s recently acquired 309 km2 package of mineral claims, the Riley Brook property, along with Lode Gold’s 111 km2 McIntyre Brook holdings, creating an exceptionally sized project on an orogenic belt where other major developers are established and host certain world-class deposits. The Acadian Gold joint venture is positioned from a strategic perspective as a key player in the region, and holds the potential to become an emerging, district-scale, Au-Cu exploration play (refer to press release dated August 27, 2024).

 

[1] Mattagami Lake Exploration, 1981 – NB Work Report 472733, Freewest Resources, 1994 – NB Work Report 474447, Connecticut Development Corp., 1995 – NB Work Report 474997

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