GENERAL
FANCAMP EXPLORATION LTD. MANAGEMENT DISCUSSION AND ANALYSIS
The following discussion of performance, financial condition and future prospects should be read in conjunction with the financial statements of the Company and notes thereto for the three month period ended January 31, 2011. The Company’s financial statements are prepared in accordance with Canadian General Accepted Accounting Principles. The Company’s reporting currency is Canadian dollars. The date of this Management Discussion and Analysis is March 25, 2011. Additional information on the Company is available on SEDAR at www.sedar.com and the Company’s web site at www.fancampexplorationltd.ca.
NATURE OF BUSINESS
Fancamp Exploration Ltd. is an exploration stage company in the business of mineral exploration.
OVERALL PERFORMANCE
The Company is continuing its drill program on its 100% owned McFauld’s Lake Property in Ontario. This drill program will test the working hypothesis that Eagle One is a faulted offset of the Company’s previously drilled C-1 target, in a left lateral displacement along major NW trending faults and that the fragmentary high grade intersections encountered in Holes FN-08-02 and FN-08-10 are, in fact, fault slivers of the Eagle One mineralization itself. The VMS target on C-2, as well as the deep conductive target on C-6 will also be drill tested. The direction of this program is results dependent and expected to continue into the spring 2011.