Fancamp Clarifies Technical Disclosure
August 07 2024 - 5:30PM
Fancamp Exploration Ltd. (“
Fancamp” or the
“
Company”) (TSX Venture Exchange:
FNC) announces that in connection with a technical
disclosure review by the British Columbia Securities Commission
(the “
BCSC”), the Company is clarifying certain
disclosures related to the Company’s Clinton property, located in
the Northern Appalachian region in the Eastern Townships of Québec
(the “
Clinton Property”), contained in the
Company’s previous corporate presentations for Q2 2023 and Q1 2024
(the “
Presentations”).
The information contained in the Presentations
in respect of the Clinton Property is not supported by a compliant
National Instrument 43-101 – Standards of Disclosure for Mineral
Projects (“NI 43-101”) technical report and the
information in the Presentations should not be relied on until it
has been verified and supported by a NI 43-101 technical
report.
About Fancamp Exploration Ltd. (TSX-V:
FNC)
Fancamp is a growing Canadian mineral
exploration company focused on creating value through medium term
growth and monetization opportunities with its strategic interests
in high potential mineral projects, royalty portfolio and mineral
properties. The Company is focused on an advanced asset play poised
for growth and selective monetization with a portfolio of mineral
claims across Ontario, Québec and New Brunswick, Canada; including
copper, gold, zinc, titanium, chromium, strategic rare-earth metals
and others. The Company continues to identify opportunities and in
parallel aims to advance its investments in strategic mineral
properties. Fancamp has investments in an existing iron ore
operation in the Quebec-Labrador Trough, a rare earth elements
company, NeoTerrex Minerals Inc., a copper–gold exploration company
Platinex Inc. in addition to an investment in a near term cash flow
generating zinc mine, EDM Resources Inc. in Nova Scotia. The
Company has future monetization opportunities from its Koper Lake
transaction in the highly sought-after Ring of Fire in Northern
Ontario. Fancamp is developing an energy reduction and titanium
waste recycling technology with its advanced titanium extraction
strategy. The Company is managed by a focused leadership team with
decades of mining, exploration and complementary technology
experience.
Further information of the Company can be found
at: www.fancamp.ca
For Further Information
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news
release.
Rajesh Sharma, President & CEO
+1 (604) 434 8829
info@fancamp.ca
Tara Asfour, Director of Investor Relations
+1 (604) 434 8829
tasfour@fancamp.ca
Debra Chapman, CFO
+1 (604) 434 8829
info@fancamp.ca
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