May 25, 2011
CORE TALK
FANCAMP EXPLORATION LTD (TSX-V : FNC)
Company Snapshot
Total Shares Outstanding (M) 74.68 Options (M) 7.38
Warrants (M) Full Sha 90-Day Avg. Volume 52
Fully Diluted Market Cap ($M)
11.57
Fancamp Exploration Limited is a junior exploration company with the objective of identifying and acquiring mineral prospects of interest while adding value through the selection process itself, exploration, joint ventures, or outright sale.
Recent Development
IMPORTANT NEW CHROMITE OCCURRENCE
May 24, 2011 – FNC announced the results of continued drilling in the newly discovered chromite horizon, dubbed the BlackHorse occurrence, on its McFauld's Lake property.
As reported in April, drill hole FN-10-25 intercepted high grade chromite over a vertical extent of roughly 200m, at a depth of 838.5 m to 1048.3 m down hole. The average grade was 43.5% Cr2O3 and had a chrome to iron ratio of 2.09. This drill hole was collared with an azimuth of 220o and a dip of -80. The average grade was based on 35 samples of 1 m core sample length, taken at regular intervals of 6 m throughout the entire 209.8m length of the intersection.
Subsequently, drill hole FN-10-26, with an azimuth of 297o to 330o and a dip of -80, was collared 250 m to the southwest in a direction nearly perpendicular to hole FN-10-25. This hole intersected 56.6m of rhythmically layered massive chromite and peridotite (60% chromite, 40% peridotite), followed by 53.2m of massive chromite. This chromitite horizon extended from 710.7m – 820.5m down hole.
Assay results for drillhole FN-10-26 are expected in early June and further drilling is planned to recommence on June 2nd to confirm the true thickness and strike extent of the chromite horizon toward the surface and along strike to the east.
y Diluted (M) 93.63
Management & Directors
re Price ($)
0.40
169,767 President &
0.78 - 0.30 Director
37.45 Secretary &
Director
Gilles Dubuc
Director
Michael Sayer
Director
Fouad Kamaleddine PhD,P.Eng
Director
Robert N. Granger Q.C.
Director
Mel DeQuadros PhD, P.Eng.
Director
Peter H. Smith Ph.D, P.Eng. Week High-Low ($)
Debra Chapman
stock charts.com
About McFauld’s Lake Property
 100% owned;  Ni, PGM, VMS and Chromite;  Diamond drilling in the Fall of 2008 indicated the presence of a narrow
zone of massive mineralization;  Further drilling on the large C-5 magnetic target revealed the presence
of tightly folded banded iron formation lying on a planar granodiorite
surface dipping some 60 degrees to the SE;  NS magnetic anomaly forming the C-6 target returned in one instance
0.84 grams per tonne Pd and 0.23 grams per tonne Pt over 1.2 m
FANCAMP EXPLORATION LTD. MAY 25, 2011
The Magpie Deposits
 48.7% owned with Magpie Mines Inc.;  Massive size: Greater than 1B tonnes of high-grade
open pit rock in a zone only 6 km long and few
hundred meters wide;  Large undeveloped titaniferous magnetite deposits
with a historical non-43-101 compliant resource;  Estimates total 1.1 B Tons @43% Fe and 11%TiO2;  Metallurgical Work Underway to Produce
Economical Marketable Iron Oxide and Titanium
Dioxide Products;  In July 2009, an independent 43-101 compliant
report took a sample and determined that the historical estimates were mostly correct:
July 2009 Report
Tonnes
Fe
TiO2
Cr
(millions)
(wt%)
(wt%)
(wt%)
Indicated Resources
84
42.4
10.7
1.6
Inferred Resources
201
42.1
10.6
1.5
Source: Company Documentation
Source: Company Documentation
Fermont Iron Property (FIP)
 17.5 % retained working interest in Champion Minerals Inc’s (CHM) FIP and most recently 17.5% of CHM’s newly acquired Black Dan and East Inlet iron properties;
 FIP is composed of metamorphosed Labrador Trough rocks including the Sokoman iron formations that host all known iron ore mineralization and deposits in northeastern Quebec and Labrador;
 18 properties covering 664 km2/250 km iron formation strike;
 Drilling at Lac Lamalée will begin this summer;  1.5 B tones of NI43-101 compliant iron ore resources;  NI43-101 Inferred Resources of 1,550 Mt @ 25.4%;  Historical Resources of 620 Mt @ 30.5% Iron;  Near existing iron ore operations in the established
Canadian iron ore mining camps of Fermont, Quebec
and Labrador City, NFLD;  High quality coarse Hematite and Magnetite
mineralization
Source: http://www.championminerals.com/
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