: The Company wishes to
announce that it has entered into an option agreement with Robert J. Fairservice, prospector, for
the acquisition of nine contiguous mining claims ( totalling 105 claim units) known as the
Norway Lake property located in the Thunder Bay Mining Division, Ontario. To earn a 100%
interest in the property Fancamp will pay a total of $37,500, issue 60,000 common shares and
spend $150,000 on exploration and development over three years. The vendor will retain a 2%
NSR of which 1% may be bought back at anytime for $500,000.
This virtually unexplored, 4000 acre grassroots property is situated some 45 km NE of Atikokan
and 170km west of Thunder Bay. It is located along the NE trending Marmion Lake fault
structure. Major mineral deposits adjacent to this structure, include the Steep Rock Lake Iron
Mines, some 50km to the SW, and more importantly the Hammond Reef gold deposit some
23km SW, a large tonnage low grade deposit owned by Brett Resoures Inc. and currently hosting
a non 43-101 compliant historical resource reported at 2.5 million ounces Au. Both the
Hammond Reef and Norway Lake properties are characterized by distinctive clusters of gold in
lake bottom sediment anomalies as shown on the attached map taken from the Ontario
Geological Survey, Open File Report 6034. Extensive soil sampling and prospecting are
planned for the coming season. The Company has just learned, in addition, that this area is
currently being flown by the government with a helicopter borne TDEM/Mag survey (part of a
much larger survey) which will certainly help in the exploration process