Posted in | News | Iron Ore

Champion Minerals Reports New Assay Results from Fancamp's Moire Lake Project

Fancamp Exploration has announced that Champion Minerals has reported the new assay results from its Moire Lake project, in which Fancamp has 17.5% interest.

The strategic location of the project is directly to the eastern part of and adjacent to the Mont Wright mine property of ArcelorMittal and is also 8 km to the southern side of the present rail transport infrastructure.

The company has cut 31.2% total iron (FeT) over 503.4 m in the hole LM11-12 at the southeast of the significant Lac Moire. It has intersected 27.6% FeT over 390.1 m and 31.5% FeT over 237.1 m in the hole LM11-16, which is situated around 400 m to the northeast part and along the strike of the hole LM11-12, and 30.3% FeT over 383.4 m in the hole LM11-09, which is situated about 400 m to the northeast of the drill hole LM11-16. The company has outlined these three drill holes for around 1 km of iron structure along the strike, with 383 m to 503 m of down-hole cuts and these holes have validated the iron-rich Sokoman structure continuity that is around the widened southeast fold closure.

The CEO and President of Champion, has stated that the 2011 new drilling results from the Moire Lake have additionally validated the continuity of the high-grade of the iron structures occurring on the property that is well situated in the Labrador trough. The assay results combined with the widths from Moire Lake are extensive and it is anticipated that the latest resource estimate will discover a considerable increase in the past resource.

The operator of the Moire Lake project is Champion Minerals and work is ongoing to additionally develop the project. Fancamp has planned to continue its proportional interest in this project and the additional properties in the Joint Venture.

Source: http://www.fancampexplorationltd.ca/

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Fancamp Exploration Ltd. (2019, February 18). Champion Minerals Reports New Assay Results from Fancamp's Moire Lake Project. AZoMining. Retrieved on July 07, 2022 from https://www.azomining.com/News.aspx?newsID=5097.

  • MLA

    Fancamp Exploration Ltd. "Champion Minerals Reports New Assay Results from Fancamp's Moire Lake Project". AZoMining. 07 July 2022. <https://www.azomining.com/News.aspx?newsID=5097>.

  • Chicago

    Fancamp Exploration Ltd. "Champion Minerals Reports New Assay Results from Fancamp's Moire Lake Project". AZoMining. https://www.azomining.com/News.aspx?newsID=5097. (accessed July 07, 2022).

  • Harvard

    Fancamp Exploration Ltd. 2019. Champion Minerals Reports New Assay Results from Fancamp's Moire Lake Project. AZoMining, viewed 07 July 2022, https://www.azomining.com/News.aspx?newsID=5097.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit