Fancamp Exploration Ltd. (TSX VENTURE:FNC) has reported that drilling has begun on its 100% owned McFaulds Lake property.
The 3,000 metre program is starting on the C2 VMS target and will be followed by deep drilling on the C1 Ni PGM target, which the company believes hosts Eagle 1 type massive sulphides at depth. This drill program is scheduled to be completed before Christmas.
The Company also has contracted with Geotech Ltd. to commence a 13,800 line km VTEM survey over the Quebec Appalachian properties (including the Beauce) on or about November 20, 2010. The survey results, covering approximately 163,000 hectares, will be correlated with known showings and geochemical targets as it is being flown, enabling the acquisition of further data should circumstances warrant.
The Champion/Fancamp Fermont joint venture continues on schedule with Fancamp maintaining its 17.5% interest through proportionate contribution of the exploration costs.
Source: Fancamp Exploration Ltd.