Fancamp Exploration has reported the initial drilling assay results from the Lac Lamêlée south project, which was not formerly drilled. The project is situated approximately 15 km to the western part of the Fire Lake Mine of ArcelorMittal.
The reported three holes have covered a strike of 300 m length at the western end of the Lamêlée Ridge that is located under the magnetite-hematite iron structure. This zone’s iron structure has a -60° dip to the northwest, which seems to be flattened with depth, from the magnetic and gravity surveys. The company has intersected 30.3% total iron over 61.4 m in the drill hole LS-2011-02, 29.4% total iron over 53.3 m in the hole LS-2011-03 and 31.9% total iron over 59.2 m in the drill hole LS-2011-04.
The structures in the eastward direction from the Tanguay zone are turning more complex and the dips are near perpendicular and because of tight folding, the iron structure is duplicated. A down-hole intersection of iron structure at the mid Ridge stayed from the collar to a down-hole of 351 m deep and because of technical complexities it was blocked in the iron structure. The intersection’s feature can be directly compared to that found in the Tanguay zone.
The company is continuing the drill program along the complete strike of 2.4 km long at the Lamêlée Ridge with an objective to produce a NI-43-101 inferred resource. It has drilled 16 holes and has planned to complete the program by the October end for a calculated length of 6000 m. Fancamp is waiting for the assay results.
The aim of the company is to additionally expand this project with its huge potential, along with its current 17.5% involvement in the Fire Lake North project of Champion Minerals.
Source: http://www.fancampexplorationltd.ca/