공시 • Feb 28
Fancamp Exploration Ltd. Reports Positive Gravity Geophysical Survey Results Extending Current Mineralized Lenses and Defining Multiple New Cu-Zn Massive Sulphide Targets At the Clinton Project
Fancamp Exploration Ltd. reported positive results from a Gravity Survey conducted in December 2024 at its 100%-owned Clinton volcanogenic massive sulfide ("VMS") project, situated in the past-producing area of the Appalachian region of Southern Quebec, one of the top jurisdictions globally in terms of attractiveness for exploration investments (Annual Survey of Mining Companies 2023, Fraser Institute). The recent work conducted at Clinton was successful at identifying multiple, new, high-density targets at depth and delineated the potential VMS deposit root system, fundamental elements to allow for the extension of current mineralization, to demonstrate a significant VMS deposit at Clinton and provide for new copper discovery. The results of the work conducted at Clinton are highly encouraging, proving out that new targets exist at depth, potentially larger than on surface, with the potential to extend the already defined mineralized lenses and uncover new meaningful copper-zinc bearing massive sulphides lenses. The Gravity Survey consisted of the acquisition of 2,000 gravity stations, on line spaced every 100 meters with reading stations every 25 meters, in the northern sector of the Clinton property. The survey investigated the potential of identifying deep seated VMS lenses under the known mineralized occurrences of the Clinton Project, which hosts historic production that occurred during the 1970's and multiple copper-bearing mineralized lenses. Particular attention was provided to the favorable horizon capping the "AB", "C", "D", "E" and "O" lenses. Critically, the survey also identified new, high- density targets at depth, both below and between the known lenses, which represent compelling drill targets for Cu-Zn massive sulfide mineralization. A second, stratigraphically lower corridor, which correlates with the known "V Zone," may represent the root system of a volcanogenic massive sulfide (VMS) deposit. The property's highest-grade intersection to date, 2.78% Cu, 16.9 g/t Ag over 24.7 meters was drilled along this corridor. The Gravity Survey identified a new, high-density target along this trend, located below the known "C" lens. This target constitutes another high-priority drill target on the Clinton Project. Exploration Targets and Follow-up Work: Some of the gravity anomalies can be prioritized for the follow-up work, both located to the north of the grid and in the vicinity of known mineralized lenses. They are indicative of sources in positive density contrast with the host rocks which show interesting continuities, laterally and/or at depth. These developments position Fancamp's Clinton Project, in a past-producing area, as a prime target for further development, or optioning out, joint venture or other means of monetization, a reflection of Fancamp's strategy to create accretive value. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management's expectations include, among others, political, economic, environmental and permitting risks, mining operational and development risks, regulatory restrictions, environmental and permitting restrictions and liabilities, the ability of both companies to satisfy the conditions precedent to complete the Transaction, the inability to obtain the necessary regulatory and third-party approvals for the Transaction, the inability to obtained the necessary regulatory and third- party approvals for the Transaction, the ability to obtain the necessary regulatory and Third-party approvals for the Transaction. The inability to obtain the necessary regulatory, third-party approvals for the transaction, the inability to obtain the required regulatory and third-party approvals to obtain the necessary regulatory and third-party approvals for the Transaction; the inability to obtain the necessary and third-party approvals for The Transaction, the inability to obtain The Transaction, the inability to acquire the necessary and third-party approval for the Transaction; and the inability to obtain the necessary necessary regulatory and third-party approved and third-party approvals for the Transaction; the inability to acquire the necessary regulatory and third- parties to obtain the necessary regulatory and second-party approvals for the Transaction and the inability to obtain the Transaction; and third-party approvals for a transaction; the Transaction; the Transaction; the inability to acquire a potential VMS deposit root system; and the transaction; and the ability to obtain the transaction; and the transaction; and third-party approval of the transaction; and the transaction.