- Fancamp (FNC) awards drilling contract for its Clinton Copper- Zinc- precious metal volcanogenic massive sulphide project
- The Clinton drilling program aims to test a VTEM plate anomaly situated some 100 m NE of a copper bearing mineralized lens
- The drilling contract has been awarded to “Forage FTE Drilling” of Sherbrooke Québec
- It covers about 20 km of favorable stratigraphy of the Clinton River volcano-sedimentary Belt
- Fancamp Exploration Ltd. is up 5.26 per cent, trading at C$0.10 at 12:22 pm EST
Fancamp Exploration Ltd. (FNC) has announced that the drilling program at its Clinton project is scheduled to start in mid-February.
Based on the 3D modelling by Mira Geosciences and Fancamp, the Clinton drilling program aims to test a VTEM plate anomaly situated some 100 m NE of a copper-bearing mineralized lens.
The VTEM anomaly also coincides with exhalate marker horizons identified through historical data compilation and modelling.
The “favorable horizon” will be tested by three fences along a strike extension of about 500 meters of a minimum of two holes to visualize the potential extension of the mineralized horizon.
The targeted plate is interpreted to follow a “favorable” horizon identified in the compilation as a chemical exhalative unit, often associated to volcanism produced during deposition of Volcanogenic Massive Sulphide deposits.
Previous historical drilling, as well as mining records, have reported significant copper intersections along this unit and the Fancamp exploration program aims to identify further potential mineralization along this trend.
The drilling contract has been awarded to “Forage FTE Drilling” of Sherbrooke Québec. FTE is a large, multinational drilling company with operations in Canada, Burkina Faso, Ivory Coast, Sénégal, Surinam, French Guiana, and Namibia.
The Clinton Project, underlain by a folded and faulted bimodal volcanic sequence and hosting lenses of Cu – Zn precious metals volcanogenic massive sulphide mineralization, is situated approximately 20 km southwest of the town of Megantic, immediately north of the Maine border.
It covers about 20 km of favourable stratigraphy of the Clinton River volcano-sedimentary Belt. From the inception of exploration in the early part of the 20th century, the property has been the site of multiple exploration programs.
Since 1953, some 59,694 meters of drilling in 286 holes was performed.
The property was further the site of a mining operation from 1973-75, and, reportedly, 122,251 tons were mined at an average grade of 2.08 per cent Cu, 1.54 per cent Zn in five lenses.
Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing its priority mineral properties through exploration and innovative development.
The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including chromium, strategic rare-earth metals, gold, zinc, titanium and more.
Fancamp Exploration Ltd. is up 5.26 per cent, trading at C$0.10 at 12:22 pm EST.
