Fancamp Announces 450 Meter Drilling to Commence on Multi-Element Soil Geochemical Target at Optioned New Brunswick Property of Edge Exploration Inc.

VANCOUVER, British Columbia, Dec. 11, 2019 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX VENTURE: FNC) is pleased to report that drilling is to commence in mid-December to test a promising multi-element Mobile Metal Ion (MMI) soil anomaly at the intersection of prominent structures interpreted from LiDAR and an aeromagnetic survey conducted in September by drone at 50m line spacing. The drill target is one of several targets selected following receipt from SGS Canada of MMI results on 395 soil samples taken this field season on the Corporation's optioned 3,430-ha Mactaquac Property, belonging to Edge Exploration Inc., in southern New Brunswick (27/06/2019 & 12/09/2019 NRs).

The NQ-cored hole (4.8 cm core diameter) will be drilled at -90° to determine the character of mineralization responsible for the vertically migrating ions which lodged on soil particles and resulted in the MMI leachate from a NNE-trending cluster of soil samples being particularly anomalous in copper, antimony, uranium, molybdenum and arsenic, and, moderately anomalous in several other elements, including gold. The soil leachate from the soil sample collected at the drill site contained 6400 parts per billion (ppb) copper or 93 times the average of the 25% quartile results for copper in the 395 soil samples. The 25% quartile average is the standard background for MMI surveys. Antimony content of 263 ppb is 526 times background, uranium at 282 ppb is 56 times, molybdenum at 145 ppb is 136 times, arsenic at 440 ppb is 40 times, bismuth at 12 ppb is 48 times and gold at 0.3 ppb is 6 times background. Trenching was not possible because of swampy conditions.

Both the magnetic vertical gradient map and the LiDAR imagery show a prominent east-west lineament intersecting north and NNE-trending magnetic lows at the drill site. At a distance of 325 m to the NNE is another east-west cross lineament where there is a cluster of anomalous MMI values with one sample yielding a gold value 148 times background and antimony 26 times. Backhoe trenching at this sample site exposed gossanous weathered pyritic argillite and greywacke with multiple vuggy quartz veinlets. Gold and antimony values in grab samples were nominal. It may or may not be significant that the prominent east-west lineaments parallel the productive Hibbard vein at the historic Lake George antimony mine 16 km to the SSW and which closed in 1992 after many years of operation starting in 1885.