Champion and Fancamp Sign Letter of Intent

Champion Minerals Inc.  (TSX:CHM,FWB:P02) and Fancamp Exploration (TSXV:FNC) announced they have entered into a letter of intent for Champion to acquire Fancamp’s interest in the Fermont iron project.

As quoted in the press release:

The Fermont Properties consist of 17 iron-rich mineral concessions, totalling approximately 714 square kilometres in the Fermont Iron Ore District of northeastern Québec, located 250 kilometres north of Port-Cartier and 60 km southwest of the town of Fermont. Currently, Champion holds an 82.5% interest in the Fermont Properties and Fancamp holds the remaining 17.5% interest. On completion of the Acquisition, Champion will hold an undivided 100% interest in the Fermont Properties, subject to the Royalty.

Click here to read the Champion Minerals Inc. (TSX:CHM) press release.