Fancamp Resources Ltd. FNM Message Board

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Gold/Mining/Energy : Fancamp Resources Ltd. FNM

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To: The Barracuda™ who wrote (120)	8/10/1998 12:55:00 PM
From: kidl	Read Replies (1) of 154

Fancamp Resources Ltd - New Brunswick property option Fancamp Resources Ltd FNM Shares issued 15,800,000 1998-08-07 close $0.15 Monday Aug 10 1998 Mr. Peter Smith reports The company has acquired an option to purchase the 64 claim Turgeon zinc-copper prospect near Belledune, New Brunswick. The prospect is a Brunswick type volcanogenic massive sulphide occurrence, with values in zinc and copper. Previous work has revealed at least three separate mineralized zones and these zones are open along strike and at depth. The company must spend $800,000 on exploration over the next three years to earn a 100 per cent interest in the property. The vendor retains a 3 per cent nsr, of which the company has the option to purchase 1 per cent for $1,000,000. Exploration will begin in mid-August 1998. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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