Fancamp Exploration Ltd, a growing Canadian mineral exploration company, takes pleasure in sharing the recent program updates and declaration made by Platinex Inc. concerning the Shining Tree Gold Property, in which the Corporation has a 25% interest via South Timmins Mining Inc. (Goldco), a collaborative venture with Platinex Inc.
Image Credit: Platinex
GoldCo’s Shining Tree Gold Property is strategically situated in the South-West region of the Abitibi Greenstone Belt, the world’s largest 2.7-billion-year-old mineral-rich greenstone geological belt, which hosts several significant gold and base metal deposits and chief gold producers.
Fancamp is promoted by the timely start of the exploration program at the Shining Tree Gold Property, which tracks Platinex’s 2022 reconnaissance geochemical and prospecting programs and the recently declared collaborative venture between the Parties concerning the progress of properties in the Abitibi Greenstone Belt through GoldCo.
Part of Fancamp’s mission is to invest in highly prospective projects and near-term producing assets to monetize and produce significant returns for shareholders.
The Shining Tree Gold Property is of great importance to Fancamp provided the geological and regional aspects of its location and the earlier work performed by Platinex—which delineated areas of interest which could lead to high-grade mineralization potential.
Currently, Platinex, operator of the Shining Tree Gold Property, is concentrated on determining new gold targets in highly prospective but neglected regions of the 225 km2 land package, with initial work to start in highly prospective Areas 2 and 3.
From earlier work programs performed by Platinex, these targets denoted various anomalous soil samples with gold values that concur with the probability that Au-mineralization might be present.