Fancamp Exploration Announces Initial Mineral Resource Estimate on Lac Lamelee South Iron Project

 Fancamp Exploration Ltd. (TSXV:FNC) released an initial Mineral Resource Estimate on its Lac Lamêlée South Iron Project in Quebec. The project yields inferred mineral resources of 520 million tonnes at 39.5% Fe2O3 (or 27.6% FeT).

As quoted in the press release:

At a 22% Fe2O3 cut-off grade, there are 520 million tonnes grading 39.5% Fe2O3 (or 27.6% FeT) in the Inferred Mineral Resources* category. The 22% Fe₂O₃ cut-off grade used is a natural cut-off grade since the drilling and the combined geological-resource modeling covered the target iron formation in its entirety.

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