Fancamp Exploration Announces Second Assay Results From Lac Lamelee South Iron Project

Fancamp Exploration (TSXV:FNC) announced the second installment of assay results from the recently-completed summer-fall NQ diamond drilling program at Lac Lamêlée South Iron Project in Quebec. Best assay intersected an interval of 292.5 metres grading 33.9% Fe(T) (48.5% Fe2O3) in drill hole LS-12-09.

As quoted in the press release:

Best assay interval of 292.5 metres grading 33.9% Fe(T) (48.5% Fe2O3) in drill hole LS-12-09

Drilling during this campaign totaled 12,606.6 meters in 40 drill holes. To date, some 57 holes were drilled totaling 18,220 meters.

Fancamp President and CEO Jean Lafleur said:

The 18,220 meters in drilling at the Lac Lamêlée South Iron Project has demonstrated the significant upside potential of the Iron mineralization located a few kilometers west of Arcelor Mittal’s Fire Lake Mine operation and Champion Iron Mines Fire Lake North feasibility-stage project. All this exploration work at an all in cost of around $200 per meter drilled.

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