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Fancamp to Conduct Evaluation of Five Gold Showings of Historic Value in Western Gaspé

Fancamp Exploration has announced that it is conducting an evaluation of five gold showings of historic value in western Gaspé. The region of exploration is located along the northeast trending corridor of western Gaspé, and covers an area of 13 by 6 km.

A gold pacer located on the North Kempt River is one of the five gold showings that have been staked by Fancamp. Small gold nuggets were discovered in stream sediments in 1942 at a distance of around 300 m downstream. Of the 14 holes drilled in the bedrock, gold was excavated from 3 holes.

The gold placer was sampled by Robert Assad, belonging to the Quebec Department of Mines, in 1984. He found gold in values of 1.71 g/t, 6.38 g/t, 1.78 g/t and 2.85 g/t gold in the form of four heavy mineral concentrates. Noranda Exploration Company Ltd. sampled heavy metal concentrates in the year 1990 in the regions along the west and south of the gold pacer.

Big Dragon is the second gold showing located at 4.3 km to the north of the gold pacer. This showing was discovered between 1999 and 2000, and was found to contain quartz veins carrying pyrite in the form of argillaceous schists. Trenching and sampling of this showing was conducted. A grab of quartz vein material sample containing about 3% to 4% pyrite was found to return gold value of 6.5 g/t.

An IP survey and soil sampling has been completed over the two gold showings by the company. The three other showings are yet to be examined and are located further east. The Boulanger Showing is one among the three with a grading of 1.7 g/t gold, and lies along the northeast of the placer. Drilling on all the showings is expected to begin by next week.

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

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