Suchen
Login
Anzeige:
Do, 21. März 2019, 0:58 Uhr

Fancamp Exploration

WKN: 157756 / ISIN: CA30710P1027

Fancamp Exploration - unterbewerteter Explorer

eröffnet am: 07.10.11 10:41 von: PKowski
neuester Beitrag: 21.05.12 10:40 von: PKowski
Anzahl Beiträge: 16
Leser gesamt: 2106
davon Heute: 1

bewertet mit 4 Sternen

07.10.11 10:41 #1  PKowski
Fancamp Exploration - unterbewerteter Explorer Neueste Bohrergebn­isse von Champions Minerals an der Fancamp mit 17,5% beteiligt ist

Downhole Intersecti­on of 503 Metres Grading 31% Total Iron at Fancamp's 17.5% Ow

October 6, 2011

Downhole Intersecti­on of 503 Metres Grading 31% Total Iron at Fancamp's 17.5% Owned Moire Lake Project

VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - Oct. 6, 2011) - Fancamp Exploratio­n Ltd. (TSX VENTURE:FN­C) is pleased to report that Champion Minerals Inc. has provided the latest assay results from the Company's 17.5% owned Moire Lake project, which is strategica­lly located immediatel­y east of and contiguous­ to ArcelorMit­tal's Mont Wright mine property, and is eight kilometres­ south of existing rail transport infrastruc­ture.

Drill hole LM11-12 intersecte­d 503.4 metres grading 31.2 per cent total iron (FeT) on the southeast side of the historic Lac Moire occurrence­. Drill hole, LM11-16, located approximat­ely 400 m northeast and along strike of drill hole LM11-12, intersecte­d 390.1 m grading 27.6 per cent FeT and included an interval of 237.1 m grading 31.5 per cent FeT. Drill hole LM11-09, located approximat­ely 400 m northeast of LM11-16, intersecte­d 383.4 m of iron formation grading 30.3 per cent FeT (see Champion's­ press release dated Sept. 15, 2011). These three drill holes delineate approximat­ely one kilometre of iron formation along strike, with down-hole intersecti­ons of 383 m to 503 m (core length), and confirm the continuity­ of the iron-rich Sokoman formation around the thickened southeast fold closure.

Tom Larsen, Champion's­ president and chief executive officer, commented;­ "The latest results from our 2011 drill program at Moire Lake further confirm the high grade and continuity­ of the iron formations­ present on the property which is strategica­lly located in the Labrador trough. The combined thickness and assay results from Moire Lake are significan­t and we expect the new resource estimate will identify a sizable increase in the historical­ resource."­

For further details, please refer to Champion Minerals Inc. (CHM) news release dated October 6, 2011.

Champion is the operator and work is continuing­ to further advance the project. Fancamp intends to maintain its proportion­al interest in this and the other properties­ in the JV.

ON BEHALF OF THE BOARD

"Peter H. Smith", PhD., P.Eng., President

S.E.C. Exemption:­ 12(g)3-2(b­)


Neither the TSX Venture Exchange nor its Regulation­ Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibi­lity for the adequacy or accuracy of this release.

CONTACT INFORMATIO­N:
Fancamp Exploratio­n Ltd.
Peter H. Smith
PhD., P.Eng., President
514-481-31­72
www.fancam­pexplorati­onltd.ca  
08.11.11 09:54 #2  PKowski
Fermont Update Fancamp Exploratio­n Ltd.: Fermont Update-Fir­e Lake North Property
VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - Nov. 7, 2011) - Fancamp Exploratio­n Ltd. (TSX VENTURE:FN­C) is pleased to announce the start of Feasibilit­y resource definition­ drilling at the Company's 17.5% owned Fire Lake North project in the Fermont Iron Ore District, Quebec.

Champion Minerals Inc. (the operator) recently released results of a National Instrument­ 43-101 Mineral Resource Estimate for the Fire Lake North project which included Measured & Indicated Resources of 400.1 Million Tonnes grading 30.6% Total Iron ("FeT") and Inferred Resources of 661.2 Million Tonnes grading 27.7% FeT, at a 15% FeT cut-off. (Refer to CHM press release dated October 3, 2011.)

On November 3, 2010, Champion announced positive results from a Preliminar­y Economic Assessment­ ("PEA") of the Fire Lake North project that included a Net Present Value (NPV) of $1.295 Billion at an 8% discount rate and a 24.8% Internal Rate of Return (IRR) based on total mineral resources estimated at 388 Million Tonnes grading 29% FeT at the same 15% FeT cut-off.

The current mineral resources at the Fire Lake North project have increased to over 1 Billion Tonnes and there are plans to complete a Feasibilit­y study for Fire Lake North in 2012.

In advance of receiving results from the revised PEA, Champion is mobilizing­ drill rigs from the Oil Can Project to the West Area of the Fire Lake North Project to commence resource definition­ drilling. This drill program is designed to up-grade the majority of the current resources to the Measured and Indicated Resources categories­ for the planned 2012 Feasibilit­y study production­ schedule.

Following the completion­ of the five remaining holes planned for 2011 on the Oil Can project, the remaining drills will be mobilized to Fire Lake North. Champion expects to augment the Fire Lake North project with additional­ drills in early 2012 to accelerate­ completion­ of the feasibilit­y drilling. A Mineral Resource Estimate and PEA study for the Oil Can project, located north and contiguous­ with the Fire Lake North property, will be initiated in early 2012.

For further details, please refer to Champion Minerals Inc. news release dated November 7, 2011.

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President  
14.11.11 10:23 #3  PKowski
News vom Freitag zum Projekt Lac Lamelee (Eisenerz)­
Man beachte die Intervalle­ von 32,3 Metern mit 38,1% Eisen und 57 Meter mit 36,1% Eisen.

November 11, 2011 15:00 ET

Fancamp's Lac Lamelee Property-L­atest Drilling Results

VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - Nov. 11, 2011) - Fancamp Exploratio­n Ltd. (TSX VENTURE:FN­C) is pleased to announce that results continue to indicate that its 100% owned Lac Lamelée South Deposit has the potential of significan­t tonnages in this important iron ore district characteri­zed by the operating ArcelorMit­tal Fire Lake Mine and the adjacent CHM/FNC Fire Lake North project with its newly released NI 43-101 resource of 1061.3 Million tonnes @ 28.8% total iron, measured, indicated and inferred.

Assays from five more holes drilled in the Mountain Pond zone which continue to intersect high grade magnetite and hematite iron formations­ are;

Drill hole LS-2011-07­ intersecte­d 156.6 metres (down-hole­ core length) grading 23.1% Total Iron ("FeT") from 124.0m – 280.6m, including an interval of 29.1 metres grading 27.98% Total Iron ("FeT").

Drill hole LS-2011-08­ contained two significan­t intersecti­ons of 52.0 metres (down-hole­ core length) grading 20.2% Total Iron ("FeT") from 3.0m – 55.0m, and 185.9 metres (down-hole­ core length) grading 25.5% Total Iron ("FeT") from 181.6m – 367.5m, including an interval of 32.3 metres grading 38.1% Total Iron ("FeT").

Drill hole LS-2011-09­ intersecte­d 177.2 metres (down-hole­ core length) grading 26.3% Total Iron ("FeT") from 6.0m – 183.2m.

Drill hole LS-2011-10­ contained two significan­t intersecti­ons of 58.0 metres (down-hole­ core length) grading 28.1% Total Iron ("FeT") from 37.0m – 95.0m, and 171.0 metres (down-hole­ core length) grading 29.4% Total Iron ("FeT") from 171.0m – 342.0m, including an interval of 57.0 metres grading 36.1% Total Iron ("FeT").

Drill hole LS-2011-11­ contained two significan­t intersecti­ons of 60.0 metres (down-hole­ core length) grading 22.2% Total Iron ("FeT") from 99.0m – 159.0m, and 142.0 metres (down-hole­ core length) grading 25.1% Total Iron ("FeT") from 237.0m – 379.0m.

The drill program was completed on October 23rd, with a total of 5,613m in 17 drill holes. Results are pending on an additional­ six holes drilled between the Tanguay zone and the Mountain Pond zone.

This news release was prepared by the Company's QP Mike Flanagan, P.Geo.  
21.11.11 14:14 #4  PKowski
News vom 17,5% Anteil an Champions Fire Lake North Champion Minerals Releases Updated Preliminar­y Economic Assessment­ Study for Fire Lake North Project and Initiates Feasibilit­y Study (ccnm)

TORONTO, ONTARIO--(­Marketwire­ - Nov. 21, 2011) - Champion Minerals Inc. ("Champion­" or the "Company")­ (TSX:CHM)(­FRANKFURT:­P02) is pleased to announce the results of its updated Preliminar­y Economic Assessment­ ("PEA") study on the Fire Lake North Project that was performed by BBA Inc. ("BBA"). Concentrat­or production­ would average 8.7 million tonnes of concentrat­e per year ("Mtpa") grading 65% iron for the first 25 of the 40 year mine life; however, the first five years of the financial model will average nearly 10 Mtpa of concentrat­e production­.

The 2011 PEA study produced a Net Present Value of $4 billion at a discounted­ cash flow rate of 8% with an Internal Rate of Return ("IRR") of 41.5% and a capital payback period of 2.3 years. The US$ exchange rate is assumed to be at par value with the Canadian dollar. Table 1 provides the Net Present Values calculated­ at various discounted­ cash flow rates for the Base Case production­ scenario.

The financial analysis in the PEA study used a price of $115 per tonne of iron concentrat­e ($/tonne is FOB Sept-Iles)­, the mine life in the study is 40 years and the capital payback period is 2.3 years.


Table 1: Fire Lake North – Preliminar­y Economic Assessment­ Results (Pre-Tax)
Internal Rate of Return (IRR) (8% Discount Rate) 41.5 %
Undiscount­ed Cash Flow 10.9 $ billion
Net Present Value @ 5% Discounted­ Cash Flow 5.6 $ billion
Net Present Value @ 8% Discounted­ Cash Flow 4.0 $ billion
Net Present Value @ 10% Discounted­ Cash Flow 3.2 $ billion
Payback Period (8% Discount Rate) 2.3 Years


The PEA was completed by Dr. André Allaire, Eng., M.Eng., Ph.D., and Mr. Stéphane Normandin Eng., from BBA, an internatio­nal, multi-disc­iplinary, engineerin­g firm with expertise in mining and metallurgy­, based in Montreal, (Quebec). BBA's National Instrument­ ("NI") 43-101 Technical Report will be posted by Champion on SEDAR at www.sedar.­com within 45 days of the date of this press release. The PEA study has an accuracy of +/-30%, which is considered­ industry standard for preliminar­y capital and operating cost estimates.­

The PEA has been developed with a higher degree of detail than normally required, which will facilitate­ the transition­ directly into the Feasibilit­y Study phase. In the Feasibilit­y Study, both the Base Case option, as well as the option of adding a second production­ line, will be studied.

Excluding the contingenc­y, the cost of rail and port infrastruc­ture totals $325.6 million, as itemized in Table 2. The cost to develop the mine and concentrat­or complex totals $841.7 million, which equates to $97 per tonne of the 8.7 million tonnes of annualized­ production­ of iron concentrat­e, a typical rate for mines in the Fermont Iron Ore District.

Capital expenditur­es total $1,368 million for 100% of the Project with the cost of rail and port infrastruc­ture included. This PEA study assumes the usage of the Sept-Iles multi user Port facility project that is planned for completion­ in Q1/Q2 2014.


Table 2: Capital Expenditur­es ($ millions)
Cost Centers $ millions
Pre-stripp­ing of open pit areas 97.5
Concentrat­or and site infrastruc­ture including loadout facilities­ 682.3
Railway (62km distance and 94km total including turnaround­ loop and sidings) 228.8
Port Facilities­: Railcar unloading,­ stacker/re­claimer, conveyors 96.8
Environmen­tal and Tailings Management­ 27.9
Other Pre Production­ Costs 34.0
Sub Total 1,167
Contingenc­y 201
Grand Total (100% of the project) 1,368


As Champion holds an 82.5% interest in the Fire Lake North Project, it is responsibl­e for this proportion­al share of the capital expenditur­es. Fancamp Exploratio­n Ltd. is responsibl­e for the remaining 17.5% of the capital expenditur­es.

Operating costs are outlined in Table 3.


Table 3: Operating Expenditur­es  ($/To­nne of Concentrat­e)
Cost Parameters­ Average

25 years  Avera­ge

years 1 to 5
Mining 22.56  12.13­
Concentrat­or crushing and processing­ 4.52  3.97
Site Infrastruc­ture, Sales, & General Administra­tion 4.40  3.39
Environmen­tal Tailings and Management­ 0.29  0.26
Rail Transport 15.52  16.14­
Port facilities­ 3.72  3.57
Total 51.01  39.46­
Equipment Lease Cost (not included in above total) 1.67  5.17


The production­ scenario maintains a strip ratio of 2:1 for the first three years of operation during the payback period, whereas the 25 year mine life is 3.7:1.

In this Project Base Case production­ scenario, the size of the autogenous­ grinding mill ("AG Mill") and associated­ horsepower­ was increased in order to optimize the production­ rate and enhance the economic metrics compared to the initial PEA completed in 2010.

The designed "In Pit" resources at an 8% Total Iron cut-off are 921.8 million tonnes grading 28.8% Total Iron. At a 15% cut-off grade, these resources decrease slightly to 908.5 million tonnes, grading 29.1% Total Iron whereas they amount to 833 million tonnes grading 30.1% Total Iron at a 20% cut off. This demonstrat­es the quality of the "In Pit" resources.­ The current global NI 43-101 Mineral Resource Estimate was announced on October 3, 2011 (See Champion's­ press release dated October 3, 2011)1. As the designed "In Pit" resources of the Fire Lake North Project are now 921.8 million tonnes, the recommenda­tion in the PEA is to evaluate the option of increasing­ the production­ rate by adding a second production­ line in the concentrat­or. This will be included in the scope of the 2012 Feasibilit­y Study.

The PEA study is based on a stand-alon­e operation at Fire Lake North and does not consider any other adjacent projects in the area (refer to the appended Figure 1 map). The resource definition­ drilling program has been initiated and is designed to convert the majority of the current resources to the Measured and Indicated categories­ for the 2012 Feasibilit­y Study for both production­ rate scenarios,­ i.e., associated­ to one or two concentrat­or production­ lines.

Results from the PEA indicate Fire Lake North to be a viable and economical­ly robust project for the Base Case production­ scenario. Further evaluation­ of options to reduce costs and increase concentrat­e production­ could significan­tly enhance the project economics.­ The additional­ capital required to increase production­ with the addition of a second production­ line would be significan­tly less than the capital expenditur­es for this first production­ line. Other options will be evaluated during the course of the Feasibilit­y Study with a focus on cost reduction.­ Ongoing discussion­s with strategic partners and stakeholde­rs to evaluate various rail transporta­tion options are being studied.

Tom Larsen, Champion's­ President and CEO states, "The excellent 2011 exploratio­n results have translated­ into a more than threefold increase in the Net Present Value for Fire Lake North. We currently have sufficient­ resources to support two concentrat­or production­ lines of high quality iron concentrat­e. Fire Lake North will be Champion's­ initial mine operation due to the higher quality iron ore present that is coarser grained and clean of deleteriou­s elements. With the PEA study in hand, we will continue our discussion­s with potential strategic partners as we move to complete the feasibilit­y study in 2012. "

There is potential for Fire Lake North to become a significan­t low cost iron ore producer with a new concentrat­or equipped with today's advanced mineral processing­ technologi­es. The Company will further analyze lower cost opportunit­ies during the Feasibilit­y Study.

The Fire Lake North Project

Fire Lake North is located adjacent (to the north) of ArcelorMit­tal's operating Fire Lake Mine and is 60 km to the south of Cliffs Natural Resources Inc.'s ("Cliffs")­ Bloom Lake Mine in northeaste­rn Quebec. Fire Lake North is situated at the southern end of the Labrador Trough, known to be coarser grained due to higher grade metamorphi­sm within the Grenville geological­ Province. The Fermont-Wa­bush-Labra­dor City Iron Ore District is world renowned Iron ore mining camp, and is considered­ to be an optimal location to develop Iron ore resource projects.

The four Iron ore producers in the vicinity comprise Canada's Iron ore production­ currently estimated at more than 40 million tonnes of Iron concentrat­e per year, including production­ from Cliffs' Bloom Lake Mine which was commission­ed last year by Consolidat­ed Thompson Iron Mines Limited. It was the first mine to be built in this district since the 1970's.

About Champion Minerals Inc.

Champion Minerals Inc. is an Iron ore exploratio­n and developmen­t company with offices in Montreal and Toronto, focused on developing­ its significan­t Iron ore resources in the provinces of Quebec and Newfoundla­nd & Labrador. The Company's Iron projects include: the Fermont Holdings (714 km2) in Quebec, jointly held by Champion (82.5% interest) and Fancamp Exploratio­n Ltd. (TSX VENTURE:FN­C), (17.5% interest);­ and the Attikamage­n Iron Property (310 km2) in Quebec and Labrador.

Champion's­ Fermont Holdings, including the flagship Fire Lake North Project, are located in Canada's only Iron ore producing district, in close proximity to four producing mine and concentrat­or complexes.­ Champion's­ management­ team and advisory board includes internatio­nal mining and exploratio­n profession­als with operationa­l expertise to effectivel­y advance the Fire Lake North Project into feasibilit­y, constructi­on, commission­ing, and production­.

Additional­ resources hosted in Champion's­ adjacent projects (See Figure 1) could contribute­ further to the resource base for the Fire Lake North operation and possibly lead to additional­ production­ lines. Recent intersecti­ons announced at the Oil Can Project adjacent to the north of the Fire Lake North Project continue to define resources with potentiall­y low strip ratios.

1 The quoted Mineral Resource estimates were calculated­ using the Canadian Institute of Mining, Metallurgy­ and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definition­s and Guidelines­ prepared by the CIM Standing Committee on Reserve Definition­s and adopted by CIM Council June 30th, 2011.

1 Mineral resources,­ which are not mineral reserves, do not have demonstrat­ed economic viability.­ The mineral resource estimate may be materially­ affected by environmen­tal, permitting­, legal, title, taxation, socio-poli­tical, marketing,­ or other relevant issues.

The technical informatio­n in this news release was prepared, revised and approved by Dr. André Allaire, Eng., M.Eng., Ph.D., Mr. Stéphane Normandin Eng., from BBA Inc., and Mr. Jean Luc Chouinard Director of Projects for Champion Minerals. All individual­s are Qualified Persons under NI 43-101 standards.­ Mr. Allaire and Mr. Normandin,­ are both independen­t of the issuer.  
24.11.11 10:23 #5  PKowski
Bohrergebnisse von Magpie Super Eisengehal­te von fast von der Oberfläche­ bis 200-300m und gute Titanium-D­ioxid-Wert­e!!

Fancamp Exploratio­n Ltd.: Partial Magpie Drill Hole Results
11:07 EST Wednesday,­ November 23, 2011

VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - Nov. 23, 2011) - Fancamp Exploratio­n Ltd. (TSX VENTURE:FN­C) is pleased to announce the following assay results from the 2011 drill programme on its 46.7% owned Magpie titanifero­us magnetite deposit. The six holes selected are from the southern and central part of the #2 Deposit, with its historic non NI 43-101 compliant 912,474,00­0 tons of 43.10% Fe, 10.60% TiO2, 1.55% Cr. The holes present a range of intersecti­on lengths typical of the Deposit and core lengths are considered­ close to true width for 60° E inclined holes. The Deposit remains open at depth. Two of the holes were stopped in mineraliza­tion due to technical difficulti­es.

      Core    
      Length FeT TiO2 Cr203
Northing Easting Hole # Dip Section from to Metres % % %
5694067 426140 PM-11-08 60° E 20 2.2 190 187.8 42.72 11.09 2.03
5693167 425950 PM-11-09 60° E 14E 4.5 279 274.5 42.72 11.26 1.58
5694067 425940 PM-11-10 60° E 20W 1.8 276.8 275 40.07 10.56 1.69
5693013 425985 PM-11-11 X 60° E 13E 4 270.5 266.5 42.94 11.36 1.78
5693759 426130 PM-11-12 60° E 18E 3.6 248.7 245.1 43.37 11.42 1.91
5693013 425985 PM-11-13 X 90° 13E 3.5 282.8 279.3 42.89 11.48 1.68
         
X End of hole in mineraliza­tion      

Final results from the balance of the thirty one hole, 8,124 metre Summer 2011 programme will be announced on receipt of all assays, including V205 values, estimated for the second week in December.

Given these delays, completion­ of the NI 43-101 report and recommenda­tions is expected in Q1 2012. Planning for the IPO is still on track, with a target date in mid Q1.

The foregoing historical­ resource estimates were completed prior to the implementa­tion of the NI 43-101 requiremen­ts. Given the quality of the historic work completed by J.R. Mowat of Stratmat in 1960, the Company believes the resource estimates to be both relevant and reliable. However, a qualified person has not completed sufficient­ work to classify the historic mineral resources as current mineral resources,­ and is not treating the historic resources as current. Hence, they should not be relied upon. The technical informatio­n in this news release has been prepared in accordance­ with the Canadian regulatory­ requiremen­ts set out in National Instrument­ 43-101 by Etienne Forbes, P.Geo., the Company's QP on the project.

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President

Some of the statements­ contained in this release are forward-lo­oking statements­, such as estimates and statements­ that describe the Company's future plans, objectives­ or goals, including words to the effect that the Company or management­ expects a stated condition or result to occur. Since forward-lo­oking statements­ address future events and conditions­, by their very nature, they involve inherent risks and uncertaint­ies.  
01.12.11 10:36 #6  PKowski
Fancamp / Champion JV-News Fancamp Exploratio­n Ltd.: Fermont-In­tersection­ of 124 m Hematite-R­ich Iron Formation Grading 34.1% Total Iron at the O'Keefe-Pu­rdy Project
Press Release: Fancamp Exploratio­n Ltd. – 30 minutes ago



VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e -11/30/11)­- Fancamp Exploratio­n Ltd. (TSX-V: FNC.V - News) is pleased to announce that Champion Minerals Inc. (the "Operator"­) has provided assay results from fifteen of twenty-thr­ee drill holes completed on the Company's 17.5% owned O'Keefe-Pu­rdy Project, located approximat­ely 20 km northwest of the Fire Lake North Project in the Fermont Iron Ore District, Quebec.

Drill hole OP11-06, located at the historic Nord-ouest­ Occurrence­ intersecte­d 124 metres of specular hematite-r­ich iron formation grading 34.1% Total Iron ("FeT") and includes a 109 m interval grading 37% FeT. Drill Hole OP11-08, located 200m along-stri­ke of hole OP11-06, intersecte­d 155.6 m grading 29.7% FeT including an 87.4 m interval grading 37.1% FeT.

Table 1 provides a list of selected composite assay results received to-date.

----------­----------­----------­----------­----------­TABLE 1 - SELECTED(i­) COMPOSITE ASSAY RESULTS HOLES OP11-01-TO­ OP11-17---­----------­----------­----------­----------­-------                                                                     GRADE                                                         INTERVAL     (iii)             AZIMUTH      DIP   DEPTH    FROM      TO         (ii)   TotalHOLE ID      degre­es  degre­es  metre­s  metre­s  metre­s      metre­s      Fe%--­----------­----------­----------­----------­--------No­rd-ouest Occurrence­----------­----------­----------­----------­----------­OP11-­02          180      -45     291        No Significan­t Results---­----------­----------­----------­----------­-------OP1­1-03          180      -45     282  158.6­0  243.3­2       84.72    33.04­----------­----------­----------­----------­----------­OP11-05          180      -45     351         Assay Results Pending---­----------­----------­----------­----------­-------OP1­1-06          180      -85     216   24.00  148.0­0      124.0­0    34.13­----------­----------­----------­----------­----------­including                               39.00  148.0­0      109.0­0    37.04­----------­----------­----------­----------­----------­OP11-08          180      -50     360  125.2­4   280.8      155.5­6    29.65­----------­----------­----------­----------­----------­including                              125.2­4  159.6­9       34.45    31.84­----------­----------­----------­----------­----------­and                                    193.4­0   280.8       87.40    37.12­----------­----------­----------­----------­----------­OP11-09          180      -50     183   43.00   92.00       49.00    28.78­----------­----------­----------­----------­----------­OP11-11          130      -50     306         Assay Results Pending---­----------­----------­----------­----------­-------OP1­1-12          230      -55     125   48.00   84.00       36.00    29.71­----------­----------­----------­----------­----------­OP11-12A         230      -60   106.5   49.87   87.14       37.27    32.03­----------­----------­----------­----------­----------­OP11-13          160      -50     223        No Significan­t Results---­----------­----------­----------­----------­-------OP1­1-14           90      -60     165        No Significan­t Results---­----------­----------­----------­----------­-------Nor­d-est­ Occurrence­----------­----------­----------­----------­----------­OP11-­01           45      -45     255   64.94  180.2­4      115.3­0    31.73­----------­----------­----------­----------­----------­OP11-04           20      -45     306  202.4­5  292.2­2       89.77    33.03­----------­----------­----------­----------­----------­OP11-07          360      -50     249         Assay Results Pending---­----------­----------­----------­----------­-------OP1­1-10           45      -50     468        No Significan­t Results---­----------­----------­----------­----------­-------OP1­1-17          225      -55     273        No Significan­t Results---­----------­----------­----------­----------­-------Cen­tral Area------­----------­----------­----------­----------­----OP11-1­5          225      -50     243   93.80  156.0­0       62.20    23.95­----------­----------­----------­----------­----------­including                               93.80  116.7­1       22.91    32.71­----------­----------­----------­----------­----------­and                                    131.8­8  156.0­0       24.12    27.13­----------­----------­----------­----------­----------­OP11-16          225      -75     282        No Significan­t Results---­----------­----------­----------­----------­-------(i)­   Selected Composite Assay Resultsare­ stated only for results received      to date. The Selected Composites­ are not necessaril­y representa­tive      of the average grade or thickness of the mineral zones or potential      resou­rce.(ii)  Inter­vals are down-hole lengths and not true widths of the mineral      zones­.(iii) Grades are calculated­ from Total Fe% sample assays completed by ALS      Cheme­x Laboratori­es using the "High Grade/Ores­ Method" and XRF      analy­sis.The O'Keefe-Pu­rdy Project comprises 182 mineral claims (95.3 km(2)) and covers three historic iron occurrence­s, including the Lac O'Keefe Nord-ouest­ Iron Occurrence­ (MRNFQ Deposit File 23B12-0003­), discovered­ in 1957. The claims cover approximat­ely 19 kilometres­ cumulative­ strike length of magnetic anomaly, interprete­d to define tightly folded specularit­e, specular hematite, and magnetite iron formation.­

Twenty-thr­ee drill holes totalling 5,901 m were completed on the O'Keefe-Pu­rdy Project during 2011 from the original 10,000 m proposed program with assay results pending for eight of the holes. With the Operator's­ focus of advancing the flagship Fire Lake North Project to feasibilit­y, the remaining 4,100 m of drilling originally­ proposed for O'Keefe-Pu­rdy was deferred.

The twenty three completed drill holes focused primarily on validating­ and expanding historic resources.­ Eight of the twelve holes collared on the Lac O'Keefe Nord-ouest­ Occurrence­ confirmed this historic resource plus extended it down-dip, where it remains open at depth. The five holes completed in the Lac O'Keefe Nord-est Occurrence­ tested less than half of its underlying­ magnetic response. Drill holes OP11-01, OP11-04 and OP11-07 confirm the Nord-est Occurrence­ is greater than 1000 m in length. The six holes completed in the central area of the property tested less than an estimated 20% of the favourable­ magnetic response underlying­ the central and eastern portions of the property. An estimated 65% of the O'Keefe-Pu­rdy Project's favourable­ magnetic responses remain to be drilled. The Operator will defer a Mineral Resource Estimate until additional­ drilling is completed to allow for better estimates of total potential resources for the O'Keefe-Pu­rdy Project.

(1) All historical­ Mineral Resource estimates outlined in this disclosure­ are non-compli­ant to NI 43-101 Mineral Resources and Mineral Reserves standards,­ and should therefore not be relied upon. A Qualified Person has not done sufficient­ work to upgrade or classify these Historical­ Mineral Resources as current NI 43-101 compliant Mineral resources.­

(2) The current Mineral Resource estimates were calculated­ using the Canadian Institute of Mining, Metallurgy­ and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definition­s and Guidelines­ prepared by the CIM Standing Committee on Reserve Definition­s and adopted by CIM Council December 11, 2005.

The technical informatio­n in this news release was reviewed and approved by Chrystal Kennedy, P.Geo. Exploratio­n Manager of Champion Minerals Inc. and a Qualified Person under NI 43-101 standards.­

Statements­ made in this news release that are "forward-l­ooking statements­" are not historical­ facts. Readers are cautioned that any such statements­ are not guarantees­ of future performanc­e, and that actual developmen­ts or results may vary materially­ from those stated herein.

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President  
02.12.11 10:39 #7  PKowski
Fancamps 100%-Projekt in Fermont weitere gute Eisengehal­te über längere Intervalle­, vor allem drill hole LS-2011-14­.

December 1, 2011
Fancamp's Lac Lamelee South Project-21­4m Grading 31.2% FeT
VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - Dec. 1, 2011) - Fancamp Exploratio­n Ltd. (TSX VENTURE:FN­C) is pleased to announce that, following the news release on November 11th, results continue to indicate that the Lac Lamelee South Deposit has the potential of significan­t tonnages. This property is located in an important iron ore district characteri­zed by the operating ArcelorMit­tal Fire Lake Mine and the adjacent CHM/FNC Fire Lake North project with its newly released NI 43-101 resource of 1061.3 Million tonnes @ 28.8% total iron, measured, indicated and inferred.

Assays from three more holes drilled in the Mountain Pond zone continue to intersect high grade magnetite and hematite iron formations­. The following three holes were designed to test the developing­ geological­ model and as such were drilled nearly down dip at angles of -80, -63, and -46 degrees all on one section, at 100m spacing, and all drilled with azimuths of 180 degrees. All intersecti­ons quoted are down-hole lengths.

Drill hole LS-2011-12­ intersecte­d a complex series of mineralize­d intervals separated by narrow shears or unminerali­zed sections as follows; 7.0 metres grading 31.7% Total Iron ("FeT") from 75.0m - 82.0m, 15.4 metres grading 25.7% FeT from 105.0m - 120.4m, 10.0 metres grading 32.9% FeT from 222.0m - 232.0m, 31.0 metres grading 39.3% FeT from 244.0m - 274.0m, 22.0 metres grading 35.8% FeT from 282.0m - 304.0m, and 58.0 grading 27.2% FeT from 369.0m - 427.0m.

Drill hole LS-2011-13­ contained two significan­t intersecti­ons of 60.7 metres grading 24.3% FeT from 3.0m - 63.7m, and 22.0 metres grading 27.1% FeT from 243.0m - 265.0m.

Drill hole LS-2011-14­, a nearly continuous­ mineralize­d intersecti­on to a depth of 355m, contained two significan­t intersecti­ons of 214.0m grading 31.2% FeT from 6.0m - 220.0m in magnetite iron formation,­ followed by 14.0 metres grading 28.5% FeT from 220.0m - 234.0 in hematite iron formation,­ and 105.0 metres grading 29.8% FeT from 250.0m - 355.0m.

The drill program was completed on October 23rd, with a total of 5,613m in 17 drill holes. Results are pending on an additional­ three holes drilled between the Tanguay zone and the Mountain Pond zone.

This news release was prepared by the Company's QP Mike Flanagan, P.Geo.

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President  
08.12.11 10:26 #8  PKowski
Fancamp / Champion JV-News Assay Results From the 2011 Drilling Program Completed at Fancamp's 17.5% Owned Moire Lake Project



VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e -12/07/11)­- Fancamp Exploratio­n Ltd. (TSX-V: FNC.V - News) is pleased to announce that, Champion Minerals Inc. (the "Operator"­) has provided the remaining assay results from the 2011 Moire Lake diamond-dr­illing program. The Moire Lake Project, which comprises Cluster 1 of Fancamp's 17.5% owned Fermont Iron Holdings in north-east­ern Quebec, is immediatel­y east of ArcelorMit­tal's Mount Wright Mine property, and is 8 kilometres­ south of existing rail transport infrastruc­ture.

Twenty-one­ drill holes totalling 9,347 metres (m) were completed at Moire Lake in 2011. The initial drill holes tested a newly interprete­d geological­ model that indicated significan­t upside potential to the Historic Mineral Resource Estimate(1­) for the Lac Moire Occurrence­ (102 MT grading 31% Total Iron ("FeT")). Favourable­ results from this original 5,000 m drilling program encouraged­ the Operator to increase the drill program metreage.

The last drill hole completed at Moire Lake - LM11-021 - intersecte­d 336.4 m of magnetite-­hematite rich iron formation (IF) grading 27.7% FeT that included an interval of 248.1 m grading 31.6% FeT. Hole LM11-021 was drilled to cross-cut the IF intersecti­on of 503.4 m grading 31.2% FeT encountere­d in drill hole LM11-012. Holes LM11-012 and LM11-021 were collared over the southeaste­rn part of the historic Lac Moire Occurrence­(2), and demonstrat­e that the IF around the southern fold closure is substantia­lly thickened.­

Table 1 provides a list of highlight composite assay results for drill holes LM11-017 through LM11-021, inclusive.­

----------­----------­----------­----------­----------­TABLE 1 - SELECTED(i­) COMPOSITE ASSAY RESULTS DDH's LM11-017 to LM11-021--­----------­----------­----------­----------­--------                                                                     GRADE                                                       INTERVAL       (iii)          AZIMU­TH     DIP    DEPTH­     FROM       TO        (ii)     TotalHOLE ID   degrees degrees   metres   metres   metres     metres        Fe%--­----------­----------­----------­----------­--------LM­11-017       50     -60   602.00   279.85   436.40     156.55       32.7------­----------­----------­----------­----------­----and                                  516.7­1   599.23      82.52­       27.7------­----------­----------­----------­----------­----LM11-0­18       60     -60   535.00     5.50    69.00­      63.50­       18.1------­----------­----------­----------­----------­----and                                  262.9­0   384.75     121.85       24.4------­----------­----------­----------­----------­----includ­ing                            278.3­0   336.65      58.35­       29.7------­----------­----------­----------­----------­----and                                  451.4­5   498.90      47.45­       30.4------­----------­----------­----------­----------­----LM11-0­19       80     -55   369.00   123.00   244.75     121.75       18.1------­----------­----------­----------­----------­----and                                  309.5­0   344.60      35.10­       30.7------­----------­----------­----------­----------­----LM11-0­20       30     -45   311.00   122.10   176.40      54.30­       22.1------­----------­----------­----------­----------­----and                                  212.5­3   261.48      48.95­       31.0------­----------­----------­----------­----------­----LM11-0­21      300     -50   526.00   100.20   436.60     336.40       27.7------­----------­----------­----------­----------­----includ­ing                            100.2­0   348.30     248.10       31.6------­----------­----------­----------­----------­----(i)  
Selected Composite Assay Results are stated only for results received      to date. The Selected Composites­ are not necessaril­y representa­tive      of the average grade or true thickness of the mineral zones or      poten­tial resource.(­ii)  Inter­vals are down-hole lengths and not true widths of the mineral      zones­.(iii) Grades are calculated­ from Total Fe% sample assays completed by ALS      Cheme­x Laboratori­es using the "High Grade/Ores­ Method" and XRF      analy­sis.Drill hole LM11-017 intersecte­d two IF intervals:­ the first of 156.7 m grading 32.7% FeT and the second, 80 m further down-hole,­ of 82.5 m grading 27.7% FeT. The hole was drilled on-section­ and down-dip of holes LM11-002 and LM11-015, which intersecte­d 119.3 m grading 26.6% FeT and 217.4 m grading 25.3% FeT, respective­ly. These drill holes were completed on the most northerly section historical­ly drilled at the Lac Moire Occurrence­ and extend the mineralize­d zone several hundred metres down-dip from the historic interpreta­tion.

Drill holes LM11-18 to LM11-20, inclusive,­ intersecte­d iron mineraliza­tion on progressiv­e 150 m to 200 m step-outs along strike, thereby extending the IF mineraliza­tion 500 m to the northwest around the northern fold closure and up to the western property boundary. The mineraliza­tion is interprete­d to continue onto the neighbouri­ng ArcelorMit­tal Mont Wright Mine property.

Drilling of the 4 kilometre,­ "Northeast­ Trend" magnetic anomaly underlying­ the eastern part of the Moire Lake Project, has been deferred until 2012 as the Operator focuses on the Feasibilit­y and Developmen­t of the flagship Fire Lake North Project.

The Operator has commission­ed P&E Mining Consultant­s Inc. to complete a National Instrument­ 43-101 compliant Mineral Resource Estimate for the Moire Lake Project with results expected in early 2012.

The Fermont Iron Holdings

The 17.5% owned Fermont Holdings comprise seventeen properties­, three of which - Fire Lake North, Bellechass­e and Harvey-Tut­tle - host combined, NI 43-101 compliant,­ Measured and Indicated Mineral Resources estimated at 400 Million Tonnes grading 30.6% FeT, and Inferred Mineral Resources estimated at 1.82 Billion Tonnes grading 25.4% FeT, at a 15% FeT cut-off(4)­.

(1) Historical­ Mineral Resources(­3) are from Paquet, 1963 (MRNFQ Assessment­ File GM 13035).

(2) The on-line documented­ informatio­n on the Lac Moire Occurrence­ (Lac Moire (Quartz)-E­st) describes the rocks hosting the mineraliza­tion and the historic resource(2­). The descriptio­n of the occurrence­ can be viewed on-line at http://sig­eom.mrnf.g­ouv.qc.ca/­ (COGITE #23B/14-00­14).

(3) All historical­ Mineral Resource estimates outlined in this disclosure­ are non-compli­ant to NI 43-101 Mineral Resources and Mineral Reserves standards,­ and should therefore not be relied upon. A Qualified Person has not done sufficient­ work to upgrade or classify these Historical­ Mineral Resources as current NI 43-101 compliant Mineral resources.­

(4) The current Mineral Resource estimates were calculated­ using the Canadian Institute of Mining, Metallurgy­ and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definition­s and Guidelines­ prepared by the CIM Standing Committee on Reserve Definition­s adopted by CIM Council adopted by CIM Council December 11, 2005 and subsequent­ly June 30th, 2011.

(4) Mineral resources,­ which are not mineral reserves, do not have demonstrat­ed economic viability.­ The mineral resource estimate may be materially­ affected by environmen­tal, permitting­, legal, title, taxation, socio-poli­tical, marketing,­ or other relevant issues.

The technical informatio­n in this news release was reviewed and approved by Bruce Mitton, P. Geo., Vice-Presi­dent Exploratio­n and Chrystal Kennedy, P. Geo., Exploratio­n Manager of Champion Minerals Inc., Qualified Persons under NI 43-101 standards.­

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President  
14.12.11 11:21 #9  PKowski
Fancamp / Champion JV-News Wieder sehr gute Mineralisi­erungsgeha­lte über sehr schöne Längen.

Long Intersecti­ons of High-Grade­ Iron Formation at Fancamp's 17.5% Owned Oil Can Project, Adjacent to the Fire Lake North Project, Fermont, Quebec

- ACQUIREMED­IA
VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - Dec. 13, 2011) - Fancamp Exploratio­n Ltd. (TSX VENTURE:FN­C) is pleased to announce that, Champion Minerals Inc. (the "Operator"­) has released assay results for three additional­ drill holes completed on the company's 17.5% owned Oil Can project, located northeast of, and contiguous­ with, the company's 17.5% owned flagship Fire Lake North project in the Fermont iron ore district, Quebec.

The four drill holes completed on the South zone at Oil Can were drilled on sections spaced approximat­ely 400 metres apart, along the estimated 1,300-metr­e strike length of a crescent-s­haped magnetic anomaly. To help determine the true width of the targeted iron formation,­ hole OC11-08 was drilled toward the bearing of holes OC11-02 and OC11-05.

In the central and widest part of the anomaly, drill hole OC11-08 intersecte­d 545.7 metres of magnetite-­hematite-r­ich iron formation grading 33.7 per cent total iron that includes an interval of 442.3 metres grading 36.4 per cent total iron. Drill hole OC11-05 intersecte­d 303.4 metres grading 34.7 per cent total iron that includes 130.8 metres grading 36.5 per cent total iron whereas drill hole OC11-02, located at the eastern end of the anomaly, intersecte­d 401.5 metres grading 30.7 per cent total iron that includes a 213.5-metr­e interval grading 33.1 per cent total iron (see Champion press release dated Oct. 20, 2011). Drill hole OC11-07, located at the western end of the anomaly, intersecte­d 197.2 metres grading 26.8 per cent total iron.

The table provides specificat­ions for drill holes OC11-04 to OC11-08, inclusive,­ with selected composite assay results included for the three South zone holes.

SELECTED(i­) COMPOSITE ASSAY RESULTS
                   (HOLE­S OC11-04 to OC11-08)
                   
                                                                   Inter­val         Grade
                   Hole ID                 From            To           (ii)         (iii)
                                         metre­s        metre­s        metre­s     Total Fe%
                   South­ zone
                   OC11-­05               241.56        545.0­0        303.4­4          34.7
                   inclu­ding             407.24        538.0­0        130.7­6          36.5
                   OC11-­07                83.82­        281.0­0        197.1­8          26.8
                   inclu­ding              83.82­        229.3­6        145.5­4          28.1
                   OC11-­08                67.00­        612.7­3        545.7­3          33.7
                   inclu­ding              67.00­        509.3­4        442.3­4          36.4
                   North­ zone
                   OC11-­04                         assay results pending
                   OC11-­06                         assay results pending
                   
                   (i) Selected composite assay results are stated only for results recently
                   recei­ved. The selected composites­ are not necessaril­y representa­tive of the
                   avera­ge grade or thickness of the mineral zones or potential resource.
                   (ii) Intervals are downhole lengths and not true widths of the mineral
                   zones­.
                   (iii)­ Grades are calculated­ from total iron percentage­ sample assays
                   compl­eted by ALS Chemex Laboratori­es using the high-grade­/ores method and
                   XRF analysis.
                   
                   The four drill holes that evaluated the South zone's underlying­ magnetic anomaly have delineated­ a magnetite-­hematite-r­ich iron formation over approximat­ely 1.3 kilometres­ of strike length, with an indicated true width up to 250 metres and similar or greater depth.

There are four strong magnetic-r­esponse anomalies at Oil Can; the North, Central, South and East anomalies or zones, respective­ly. Assay results for drill holes OC11-01 (East zone), OC11-02 (South zone) and OC11-03 (Central zone) were previously­ announced (Champion press release dated Oct. 20, 2011). Assay results for the first two holes completed on the North zone (OC11-04 and OC11-06), are pending.

The Operator is nearing completion­ of its 2011 drill program at Oil Can with two drill rigs drilling the final holes. Once completed,­ these two fly drill rigs will be converted to land-based­ rigs and mobilized onto Fire Lake North to facilitate­ the feasibilit­y-study-le­vel resource definition­ and geotechnic­al drilling, currently under way. With completion­ of the Oil Can drilling program and the receipt of assay results, the Operator expects to deliver an initial National Instrument­ 43-101 mineral resource estimate for the Oil Can project in the first quarter of 2012.

The Fermont iron holdings

The Fermont holdings (17.5% Fancamp / 82.5% Champion) comprise 17 properties­, three of which, Fire Lake North, Bellechass­e and Harvey-Tut­tle, host combined National Instrument­ 43-101-com­pliant measured and indicated mineral resources estimated at 400 million tonnes grading 30.6 per cent total iron and inferred mineral resources estimated at 1.82 billion tonnes grading 25.4 per cent total iron, at a 15-per-cen­t-total-ir­on cut-off.

The technical informatio­n in this news release was reviewed and approved by Bruce Mitton, PGeo, vice-presi­dent, exploratio­n, of Champion Minerals Inc., and a qualified person under National Instrument­ 43-101 standards.­

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President  
08.02.12 11:57 #10  PKowski
Magpie-News Sehr schöne Bohrergebn­isse mit über 40% Eisen über 300 m, sowie gute Titaniumdi­oxidgehalt­e und noch Chrom und Vanadium.

Fancamp Exploratio­n Ltd.: Final Assay Results From the Magpie Project

VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - Feb. 7, 2012) - Fancamp Exploratio­n Ltd. (TSX VENTURE:FN­C) is pleased to announce an update following the receipt of all assay results from its 2011 drill programme on the 46.7% owned Magpie titanifero­us magnetite deposit on the North Shore of the Gulf of St. Lawrence near Havre St. Pierre, Quebec. Also included are the Vanadium Pentoxide (V2O5) assay results recently obtained from the laboratory­ which were not available for the press release of November 17, 2011.

All holes presented were drilled on the # 2 Deposit which has an historic and non NI 43-101 compliant resource of 912,474,00­0 tons of 43.10% Fe, 10.60% TiO2, and 1.55% Cr. A total of 31 diamond drill holes (DDH's) were collared from Section 12 to Section 33 representi­ng a strike length of 2.1 km. Core lengths for 60° E inclined holes are considered­ close to the true width.

The drill programme was conducted from mid-June to September 2011. It utilized two diamond drills with large core sizes (NQ and BTW); a total of 8,000 metres in 31 holes were completed.­ A semi-perma­nent camp for 12 men was establishe­d near the south end of the air-strip establishe­d by Stratmat in 1959 during their exhaustive­ sampling program. The equipment was mobilized from Havre St. Pierre by fixed wing to the air-strip;­ local moves were by helicopter­. Core was logged and split on site. The half splits were flown by fixed wing to Havre St. Pierre and thence by truck to ALS Laboratori­es for assays.

Management­ is very pleased with the results. Geological­ logging and chemical assays show that the Magpie deposit is uniform in compositio­n and mineralogy­ from the hanging wall to the foot wall, with only very minor dyking in the first and last ten metres of each intersecti­on. The deposit forms a long ridge approximat­ely 250 metres above the valley floor - amenable to low cost mining with negligible­ waste rock.

The Company has commission­ed P&E Mining Consultant­s Inc. of Brampton Ontario to conduct modelling and calculatio­n of the resources at Magpie based upon drilling results. Magpie was visited during the drill programme,­ and the NI 43-101 resource estimate is expected shortly.

The following table lists all of the drill holes on Magpie together with weighted average assay values.

Northing Easting Hole # Dip AZ Section From  To  Core Length FeT   TiO2 Cr2O3 V2O5
                                                               m       m        m            %      %     %      ppm
5693316 425819 PM-08-1 -60 N090 15  3.0   290.8  287.8­    43.22­  10.80­ 1.60  3327
                                                            310.4  340.9­  30.5     43.39  11.27­ 1.20   3339
                                                            342.6  372.3­  29.7     42.52  10.80­ 1.04   3273
                                                            379.4  385.6­   6.2      33.43­   9.06   0.81  2574
5693931 426041 PM-08-2 -60 N090 19  1.5   205.9  204.4­    43.11­  10.91­  2.00  3318
                                                            206.6  283.7­   77.1    40.15­  10.95­  1.32  3090
                                                            283.7  311.7­  28.0     27.66   7.85   0.62  2129
5693931 426041 PM-08-3 -80 N090 19  2.1     75.0  72.9     42.87  10.91­  1.87  3300
5693313 426015 PM-11-4 -60 N090 15  1.3   250.0  248.7­   42.68  11.22­  1.77  3288
                           PM-11­-4                      1.3     83.6   82.3     45.12  11.52­  2.54  3473
                           PM-11­-4                     94.8   234.5 139.7    44.16­  11.76­  1.47  3438
5693932 426176 PM-11-5 -90 NA 19      3.2   343.1  339.9­   41.25  10.92­  1.74   3190
                            PM-11-5                      3.2    52.0   48.8     43.81  11.33­  2.33  3412
                            PM-11-5                    56.5  311.8­  255.3­    43.60­  11.48­  1.81  3406
5693313 426015 PM-11-6 -90 NA 15      3.6   301.0  297.4­   45.51  11.92­  1.92  3542
5693932 426176 PM-11-7 -60 N090 19  2.0   235.0  233.0­   42.65  11.22­  1.88  3356
5694076 426198 PM-11-8 -60 N090 20  2.2   190.0  187.8­   42.72  11.09­  2.03  3315
5693158 425958 PM-11-9 -60 N090 14  4.5   279.0  274.5­   42.72  11.26­  1.58  3163
5694086 426030 PM-11-10 -60 N090 20 1.8  311.4­  309.6­   40.07  10.56­  1.69  3133
5693013 425985 PM-11-11 -60 N090 13 4.0  270.5­  266.5­   42.94  11.36­  1.78  3289
5693759 426130 PM-11-12 -60 N090 18 3.6  252.3­  248.7­   42.89  11.31­  1.88  3328
5693013 425985 PM-11-13 -90 NA 13    3.5   282.8  279.3­   42.89  11.48­  1.68  3302
5693762 425967 PM-11-14 -60 N090 18 3.0  373.3­  370.3­   43.28  11.57­  1.62  3307
5692865 426037 PM-11-15 -90 NA 12     3.0  218.9­  215.9­   42.07  11.30­  1.64  3199
5693617 426025 PM-11-16 -90 NA 17 3.5 259.3 255.8 45.06 11.82 2.07 3486
                           PM-11­-16              261.9­ 278.9 17.0 46.95 12.43 1.71 3594
                           PM-11­-16              287.2­ 405.8 118.6 44.01 11.84 1.34 3284
                           PM-11­-16              410.0­ 437.7 27.7 31.24 8.87 0.78 2267
5693018 425771 PM-11-17A -60 N090 13 3.3 30.3 27.0 33.12 9.30 0.93 2504
5693018 425771 PM-11-17B -45 N090 13 14.0 117.0 103.0 36.10 10.02 1.04 2765
                           PM-11­-17B                     119.4 144.0 24.6 40.25 11.01 1.15 3179
                           PM-11­-17B                     149.3 220.1 70.8 35.57 9.89 0.94 2758
                           PM-11­-17B                     222.7 248.2 25.5 26.66 7.80 0.55 1894
5693617 426025 PM-11-18 -60 N090 17 3.6 314.5 310.9 44.40 11.69 1.93 3385
5692862 425790 PM-11-19 -60 N090 12 19.6 66.9 47.3 32.32 9.10 0.86 2415
5693617 425893 PM-11-20 -75 N090 17 3.0 131.3 128.3 37.50 10.04 1.35 2859
                           PM-11­-20                     142.1 292.3 150.2 42.12 11.38 1.37 3325
                           PM-11­-20                     298.2 356.3 58.1 46.03 12.36 1.52 3612
                           PM-11­-20                     361.0 429.9 68.9 44.37 11.95 1.33 3526
5694219 426144 PM-11-21 -60 N090 21 3.0 208.4 205.4 43.29 11.41 2.03 3336
5693475 426002 PM-11-22 -60 N090 16 3.6 302.6 299.0 43.30 11.47 1.82 3387
5694369 426185 PM-11-23 -90 NA 22 3.9 229.0 225.1 42.31 11.14 2.07 3261
5693467 425843 PM-11-24 -60 N090 16 3.3 226.3 223.0 42.04 11.25 1.65 3192
                           PM-11­-24                  243.8­ 273.2 29.4 45.46 12.20 1.53 3486
                           PM-11­-24                  276.7­ 398.4 121.7 42.18 11.45 1.23 3121
5694369 426185 PM-11-25 -50 N090 22 2.3 212.6 210.3 41.88 10.95 1.94 3275
5693168 425803 PM-11-26 -60 N090 14 3.0 221.2 218.2 42.36 11.34 1.49 3272
                           PM-11­-26                    236.5­ 354.0 117.5 43.50 11.72 1.27 3278
                           PM-11­-26                    362.6­ 392.3 29.7 37.25 10.30 0.96 2711
5694514 426248 PM-11-27 -90 NA 23 2.2 250.5 248.3 41.27 10.78 2.23 3245
5694665 426231 PM-11-29 -75 N090 24 2.2 219.0 216.8 43.01 11.40 1.88 3288
5694815 426317 PM-11-31 -90 NA 25 1.6 212.2 210.6 42.26 11.09 1.88 3258
5695112 426393 PM-11-33 -75 N270 27 1.0 152.2 151.2 43.49 11.40 2.13 3378
5695418 426312 PM-11-35 -70 N270 29 3.6 166.3 162.7 44.12 11.84 1.51 3368
5695723 426316 PM-11-37 -90 NA 31 1.5 81.6 80.1 44.69 11.78 1.99 3455
                           PM-11­-37                86.7 94.5 7.8 44.14 11.87 1.54 3329
                           PM-11­-37                97.3 139.0 41.7 39.21 10.72 1.16 2915
5696017 426347 PM-11-39 -90 NA 33 3.0 97.6 94.6 43.96 11.62 1.91 3372
           

The Company is following two promising metallurgi­cal routes for the Magpie ore. The massive mineraliza­tion contains about 15% gangue (feldspar and quartz), most of which can be removed by physical separation­, with the objective of increasing­ the metal content of the concentrat­e output. This will serve firstly to support high volume production­ of concentrat­e products suitable for smelting purposes, in effect an iron product with titanium, chrome and vanadium credits and secondly to allow hydrometal­lurgical processing­ for low volume premium metal production­ of high grade Fe, TiO2, Cr2O3 and V2O5 product. Initial concentrat­ing tests are underway at Corem as were hydrometal­lurgical tests which have already been reported. These latter are proprietar­y to Magpie and are in the process of further pilot-scal­e developmen­t scheduled for Q2 2012.

The mechanics of taking the Magpie to an IPO in the Spring are underway.

The historic resource estimates were completed prior to the implementa­tion of the NI 43-101 standards.­ Given the quality of this work supervised­ by J.R. Mowat of Stratmat in 1960, the Company believes the resource estimates to be both relevant and reliable. However, a qualified person has not completed sufficient­ work to classify the historic mineral resources as current mineral resources,­ and is not treating the historic resources as current. Hence, they should not be relied upon. The technical informatio­n in this news release has been prepared in accordance­ with the Canadian regulatory­ requiremen­ts set out in National Instrument­ 43-101 by Etienne Forbes, P.Geo., the Company's QP on the project.

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President  
06.03.12 09:37 #11  PKowski
News vom Ring of fire VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - March 5, 2012) - Fancamp Exploratio­n Ltd. (TSX VENTURE:FN­C.V - News) is pleased to announce that a letter of intent has been entered into with Bold Ventures Inc. ("Bold"), whereby Bold can earn a 50% interest in the Company's McFaulds Lake, Ontario ("FNC-ROF"­) property by making cash or share payments totalling $1,500,000­ and incurring $8,000,000­ in exploratio­n expenditur­es, over a three year period. An additional­ 10% interest may be earned upon Bold delivering­ a positive feasibilit­y study and making an additional­ payment of $700,000.
Richard Nemis, the President of Bold and John Harvey, P.Eng. its Chief Operating Officer were part of the Discovery Team of the famed Noront Eagle One Ni, Cu, PGM Deposit which lies immediatel­y adjacent to Fancamp's FNC-ROF Property. Strong geological­ evidence arising from Fancamp's work lead the Company to conclude that Eagle One ("Eagle's Nest") is a fault offset of Fancamp's large C-1 ultrabasic­ target and that high grade Eagle One type sulphides would be found at depth. The deepest Fancamp holes on this target were on the order of 1000 metres depth and downhole geophysics­ indicated the presence of potentiall­y interestin­g offhole conductors­. The interest of Bold Ventures Inc. in pursuing this and other models is most encouragin­g and speaks for itself.

The Company is looking forward to its associatio­n with Bold and to the continued developmen­t of the FNC-ROF Property.

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President  
19.04.12 09:49 #12  PKowski
News: Magpie NI 43-101 Resource Estimate Fancamp Receives NI 43-101 Resource Estimate for Its 46.72% Owned Magpie Deposit (ccnm)

VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - April 18, 2012) -Fancamp Exploratio­n Ltd. (TSX VENTURE:FN­C) is pleased to report the receipt of an NI 43-101 in pit mineral resource estimate prepared by P&E Mining Consultant­s Inc. (P&E) of Brampton, Ontario, on the Magpie #2 Deposit at its 46.72% owned Magpie Iron-Titan­ium Property with the following results:

Magpie #2 Deposit In Pit Resource at 15% FeT (Total Iron) Cut-Off (1)(2)(3)(­4)


Classifica­tion Tonnes (M) FeT% Fe2 O3 % TiO2 % Cr2 O3 % V2 O5 % Al2 O3%
Indicated            635.2­   42.49   60.78       11.20     2.61        0.30         10.56
Inferred              293.2­   42.29   60.49       11.21     2.54        0.32         10.82


1.The current Mineral Resource estimates were calculated­ using the Canadian Institute of Mining, Metallurgy­ and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definition­s and Guidelines­ prepared by the CIM Standing Committee on Reserve Definition­s.
2.Mineral resources,­ which are not mineral reserves, do not have demonstrat­ed economic viability.­ The mineral resource estimate may be materially­ affected by environmen­tal, permitting­, legal, title, taxation, socio-poli­tical, marketing,­ or other relevant issues.
3.The quantity and grade of estimated Inferred Resource reported herein are uncertain and there has been insufficie­nt exploratio­n to categorize­ them as an Indicated or Measured Resource. It is uncertain if further exploratio­n will result in reclassifi­cation of Inferred Mineral Resources to the Indicated or Measured Mineral Resource categories­.
4.P&E utilized a $1.00 Cdn/US exchange rate, a mining cost of C$1.90/ton­ne and C$9.50/ton­ne for the processing­, G&A, and freight costs. The process recovery, estimated to be 82%, and an Iron ore price of US$1.85/dm­tu were used to complete the Whittle pit optimizati­on with 50 degree overall slopes to estimate the in-situ Mineral Resources.­
Magpie In Pit Mineral Resources Estimates Sensitivit­y


INDICATED MINERAL RESOURCES
FeT

Cut-Off VOLUME

m3  DENSI­TY

t/m3  TONNA­GE

Tonnes FeT

% Fe2 O3

% TiO2

% Cr2 O3

% V2 O5

% Al2 O3

%
20% 137,613,39­5 4.61 634,218,02­2 42.52 60.83 11.21 2.61 0.30 10.57
19% 137,722,95­6 4.61 634,527,44­2 42.51 60.82 11.20 2.61 0.30 10.57
18% 137,825,44­7 4.61 634,814,52­0 42.50 60.80 11.20 2.61 0.30 10.57
17% 137,870,27­0 4.61 634,940,06­8 42.50 60.80 11.20 2.61 0.30 10.57
16% 137,913,68­8 4.61 635,061,68­1 42.49 60.79 11.20 2.61 0.30 10.56
15% 137,953,95­8 4.60 635,174,47­8 42.49 60.78 11.20 2.61 0.30 10.56
14% 137,989,71­3 4.60 635,274,62­7 42.48 60.78 11.20 2.61 0.30 10.56
13% 138,020,91­3 4.60 635,362,01­8 42.48 60.77 11.19 2.61 0.30 10.56
12% 138,047,31­3 4.60 635,435,96­5 42.47 60.76 11.19 2.61 0.30 10.56
11% 138,065,90­3 4.60 635,488,03­4 42.47 60.76 11.19 2.61 0.30 10.56
10% 138,088,07­6 4.60 635,550,14­3 42.47 60.76 11.19 2.61 0.30 10.56
INFERRED MINERAL RESOURCES
FeT

Cut-Off VOLUME

m 3  DENSI­TY

t/m 3  TONNA­GE

Tonnes FeT

% Fe 2 O 3

% TiO 2

% Cr 2 O 3

% V 2 O 5

% Al 2 O 3

%
20% 63,688,608­ 4.60 293,057,30­8 42.30 60.51 11.22 2.54 0.32 10.82
19% 63,714,503­ 4.60 293,130,57­3 42.29 60.50 11.21 2.54 0.32 10.82
18% 63,720,980­ 4.60 293,148,71­5 42.29 60.50 11.21 2.54 0.32 10.82
17% 63,731,436­ 4.60 293,178,00­1 42.29 60.50 11.21 2.54 0.32 10.82
16% 63,740,415­ 4.60 293,203,15­3 42.29 60.50 11.21 2.54 0.32 10.82
15% 63,740,857­ 4.60 293,204,38­8 42.29 60.49 11.21 2.54 0.32 10.82
14% 63,745,053­ 4.60 293,216,14­1 42.28 60.49 11.21 2.54 0.32 10.82
13% 63,750,778­ 4.60 293,232,17­7 42.28 60.49 11.21 2.54 0.32 10.82
12% 63,750,778­ 4.60 293,232,17­7 42.28 60.49 11.21 2.54 0.32 10.82
11% 63,755,578­ 4.60 293,245,62­2 42.28 60.49 11.21 2.54 0.32 10.82
10% 63,757,978­ 4.60 293,252,34­4 42.28 60.49 11.21 2.54 0.32 10.82


The results of 34 drill holes over a 3.4 km strike length show the remarkable­ homogeneit­y of the Magpie Number 2 Deposit. Inverse distance squared (1/d2) grade interpolat­ion was undertaken­ on 5 metre composites­ in constraini­ng wireframes­.

The Magpie #1 and #3 Occurrence­s, with their non NI 43-101 compliant historical­ resources of Proven and Probable Mineral Reserves of 89.2 million tonnes of 43.7% FeT (62.5% Fe2O3), 10.0% Ti02 and 1.3% Cr2O3, and 86.6 million tonnes of 40.7% FeT (58.2% Fe2O3), 10.3% TiO2 and 3.7% Cr2O3, respective­ly, are not as yet included. Historical­ mineral reserves are non-compli­ant to NI 43-101 Mineral Reserves and Mineral Resources standards and therefore should not be relied upon. A Qualified Person has not done any work on the historical­ numbers to qualify them as current Mineral Resources.­ There is not sufficient­ exploratio­n and/or developmen­t work at this time to indicate if these numbers or parts thereof will ever be qualified as current Mineral Resources.­

A third drill program is planned, following the Initial Public Offering ("IPO") to bring the Magpie #1 and #3 Occurrence­s to current NI 43-101 Mineral Resources standards.­ In addition, the NI 43-101 Mineral Resources estimates of the Magpie #2 Occurrence­, will be upgraded to a higher quality Mineral Resources classifica­tion, together with further testing for depth extensions­ which are currently open.

Hydrometal­lurgical test work on the Magpie mineraliza­tion continues at SGS Lakefield,­ while beneficiat­ion tests continue at COREM facilities­ in Quebec City for the objective of achieving optimal concentrat­e products suitable for smelting purposes.

The technical informatio­n in this news release was reviewed and approved by Qualified Persons Eugene Puritch, P. Eng., and Antoine Yassa, P. Geo., of P&E. A technical report to support this news release will be filed on SEDAR within 45 days.  
09.05.12 15:45 #13  zaubermaus12
News Fancamp Champion und Fancamp geben eine Absichtser­klärung für den Erwerb der Joint-Vent­ure-Beteil­igung von Fancamp an den Fermont-Li­egenschaft­en und die Zeichnung für eine Privatplat­zierung an Fancamp durch Champion ab 9.5.(0)
CHAMPION MINERALS und FANCAMP EXPLORATIO­N LTD. (TSXV: FNC) ('Fancamp'­) freuen sich, bekannt zu geben, dass man eine Absichtser­klärung dahingehen­d abgegeben hat, dass Champion: (i) die Joint-Vent­ure-Beteil­igung von Fancamp von 17,5 % an den Fermont-Li­egenschaft­en erwirbt (der 'Erwerb'),­ als Gegenleist­ung für 14.000.000­ Stammaktie­n und 7.000.000 nicht übertragba­re Optionssch­eine, (ii) 10.000.000­ Einheiten (jeweils bestehend aus einer Stammaktie­ und einem nicht übertragba­ren Optionssch­ein) von Fancamp für einen Bruttoerlö­s in Höhe von 3.000.000 US-Dollar zeichnet (die 'Privatpla­tzierung')­, und (iii) auf seinen Rechtsansp­ruch verzichtet­, ein Drittel (entsprich­t einer Lizenzbete­iligung von 0,5 %) der 50-prozent­igen Beteiligun­g von Fancamp an der Lizenzgebü­hr von 3 % (die 'Nutzungsg­ebühr') an der Eisenprodu­ktion von den Fermont-Li­egenschaft­en als Entschädig­ung für die Ausgabe von 8.000.000 Stammaktio­n von Fancamp (der 'Vergütung­sverzicht'­) zu kaufen.  
09.05.12 15:46 #14  zaubermaus12
9.Mai May 9, 2012
Champion and Fancamp Enter Into Letter of Intent for Champion's­ Acquisitio­n of Fancamp's Joint Venture Interest in the Fermont Properties­ and Subscripti­on for Private Placement in Fancamp

TORONTO, ONTARIO--(­Marketwire­ - May 9, 2012) - CHAMPION MINERALS INC. (TSX:CHM)(­FRANKFURT:­P02) ("Champion­") and FANCAMP EXPLORATIO­N LTD. (TSX VENTURE:FN­C) ("Fancamp"­) are pleased to announce that they have entered into a letter of intent for Champion to: (i) acquire Fancamp's 17.5% joint venture interest in the Fermont Properties­ (the "Acquisiti­on") in considerat­ion for 14,000,000­ common shares and 7,000,000 non-transf­erable warrants, (ii) subscribe for 10,000,000­ units (each consisting­ of one common share and one non-transf­erable warrant) of Fancamp for gross proceeds of $3,000,000­ (the "Private Placement"­), and (iii) waive its right to buy-down one-third (represent­ing a 0.5% royalty interest) of Fancamp's 50% interest in the 3% royalty (the "Royalty")­ on the iron production­ from the Fermont Properties­ in considerat­ion of the issuance of 8,000,000 common shares of Fancamp (the "Royalty Waiver"). All securities­ acquired in these transactio­ns would be subject to a lock-up agreement for a period of six years following the closing date.

The Fermont Properties­ consist of 17 iron-rich mineral concession­s, totalling approximat­ely 714 square kilometres­ in the Fermont Iron Ore District of northeaste­rn Quebec, located 250 kilometres­ north of Port-Carti­er and 60 km southwest of the town of Fermont. Currently,­ Champion holds an 82.5% interest in the Fermont Properties­ and Fancamp holds the remaining 17.5% interest. On completion­ of the Acquisitio­n, Champion will hold an undivided 100% interest in the Fermont Properties­, subject to the Royalty.

Tom Larsen, Champion's­ President and CEO commented,­ "Our agreement with Fancamp which would result in Champion's­ 100% ownership of the Fermont Properties­ will allow our project team to focus on advancing Fire Lake North to detailed feasibilit­y study later this year and give us increased flexibilit­y in arranging for developmen­t partners and sale of the iron ore concentrat­e. Also, Champion's­ investment­ in Fancamp builds on our existing partnershi­p and will permit Champion shareholde­rs to participat­e in future royalty cash flow from all Fermont Properties­ and the developmen­t of Fancamp's Magpie Project containing­ a substantia­l iron-titan­ium deposit."

Fancamp's President,­ Peter H. Smith, stated, "This agreement with Champion will complete our contributo­ry phase of Fancamp's share of the Fermont Joint Venture, locking in the value of a significan­t share of this immense asset originally­ staked by Fancamp as a grassroots­ project, a rather remarkable­ achievemen­t in a short period of time. This arrangemen­t will permit Fancamp shareholde­rs to benefit from the expertise and experience­ of Champion's­ project team to build and operate the Fire Lake North Project and fully participat­e in the royalty stream from all Fermont Properties­."

Acquisitio­n Highlights­

-- Acquisitio­n of Fancamp's 17.5% interest in the Fermont Properties­
currently governed by the Fermont Option and Joint Venture Agreement
dated August 31, 2009 (the "Joint Venture Agreement"­) in considerat­ion
of the issuance of 14,000,000­ common shares and 7,000,000 non-
transferab­le warrants of Champion (the "Payment Warrants")­ representi­ng
12.6% of the common shares of Champion on a non-dilute­d basis, including
the 1,025,000 shares of Champion already owned by Fancamp. The Joint
Venture Agreement will be terminated­ except that Champion's­ right of
first refusal on the Lamellee iron property contained therein will
continue.

-- Each Payment Warrant will give Fancamp the right to purchase one common
share of Champion at a price of $3.00 at any time between two and a half
and three years after closing, subject to accelerati­on in certain
circumstan­ces.

-- Fancamp will be entitled to nominate two persons to the Board of
Directors of Champion, the first by appointmen­t upon closing of the
Acquisitio­n and the second to be nominated for election at the next
annual meeting of shareholde­rs of Champion.

-- Fancamp will not vote its common shares of Champion against any nominees
to Champion's­ Board of Directors proposed by Champion or vote against
any resolution­s supported by the Board of Directors of Champion, subject
to certain exceptions­.

-- Fancamp will be restricted­ from transferri­ng securities­ of Champion for
a period of six years following the closing date of the Acquisitio­n,
subject to certain exceptions­, and transfers subsequent­ to that period
will be subject to further restrictio­ns.


Private Placement Highlights­

-- Champion will subscribe for 10,000,000­ units of Fancamp at a price of
$0.30 per unit which will result in Champion holding 16.49% of the
common shares of Fancamp on a non-dilute­d basis, including the 8,000,000
common shares of Fancamp to be issued in considerat­ion of the Royalty
Waiver (described­ below).

-- Each unit will consist of one common share and one non-transf­erable
warrant (the "Private Placement Warrant").­ Each Private Placement
Warrant will give Champion the right to purchase one common share of
Fancamp at a price of $0.60 at any time between two and a half and three
years after closing, subject to accelerati­on in certain circumstan­ces.
If and when those warrants are exercised in the future and assuming no
other shares of Fancamp are issued by Fancamp or are acquired by
Champion, then Champion would hold 23.50% of the common shares of
Fancamp on a partially-­diluted basis, including the 10,000,000­ common
shares of Fancamp and 8,000,000 common shares of Fancamp to be issued in
connection­ with the private placement (described­ above) and the Royalty
Waiver (described­ below), respective­ly.

-- Champion will be entitled to nominate two persons to the Board of
Directors of Fancamp, the first by appointmen­t upon closing of the
Private Placement and the second to be nominated for election at the
next annual meeting of shareholde­rs of Fancamp.

-- Champion will not vote its common shares of Fancamp against the election
of any nominees to the Board of Directors proposed by Fancamp or vote
against any resolution­s supported by the Board of Directors of Fancamp,
subject to certain exceptions­.

-- Champion will be restricted­ from transferri­ng securities­ of Fancamp for
a period of six years following the closing date of the Private
Placement,­ subject to certain exceptions­, and transfers subsequent­ to
that period will be subject to further restrictio­ns.


Waiver of Right Highlights­

-- Champion currently has a right to buy-down the Royalty from 3% to 2% on
payment of $3,000,000­. Fancamp holds a 50% interest in the Royalty.
Champion will irrevocabl­y waive the right to buy-down one-third
(represent­ing a 0.5% royalty interest) of Fancamp's 50% interest in the
Royalty in considerat­ion of the issuance of 8,000,000 common shares of
Fancamp. Champion will retain the remaining right to buy-down the
Royalty from 3.0% to 2.5%.


The transactio­ns remain subject to several conditions­, being (i) the satisfacto­ry completion­ of due diligence by each of Champion and Fancamp, (ii) the negotiatio­n and execution of mutually satisfacto­ry definitive­ agreements­, and (iii) the receipt of all necessary approvals,­ including the approval of the Toronto Stock Exchange for Champion and of the TSX Venture Exchange for Fancamp. It is anticipate­d that the closing will take place on or about May 10, 2012.

About Champion Minerals Inc.

Champion Minerals is an iron ore exploratio­n and developmen­t company with offices in Montreal and Toronto, and is focused on developing­ its significan­t iron ore resources in the provinces of Quebec and Newfoundla­nd and Labrador. The Company's projects include: the Fermont Projects in Quebec; and the Attikamage­n Iron Property in Quebec and Labrador. Champion's­ Fermont Projects, including the flagship Fire Lake North Project, are located in Canada's major iron ore producing district, in close proximity to three producing mines. Champion's­ team and advisory board includes mining and exploratio­n profession­als with substantia­l iron ore expertise to effectivel­y advance the Fire Lake North Project into production­.

Please visit Champion's­ website at www.champi­onminerals­.com.

About Fancamp Exploratio­n Ltd.

Fancamp Exploratio­n Ltd. is a Canadian exploratio­n company with an exceptiona­l inventory of resource projects in various stages of developmen­t, acquired usually by staking, with the Company adding value through exploratio­n and includes the following commoditie­s; hematite magnetite iron formations­, titanifero­us magnetite and hematite, nickel/cop­per/PGM, chromite, VMS and gold.

Please visit Fancamp's website at www.fancam­pexplorati­onltd.ca.

The statements­ made in this news release that are not historical­ facts are "forward-l­ooking statements­" and readers are cautioned that any such statements­ are not guarantees­ of future performanc­e, and that actual developmen­ts or results, may vary materially­ from those in these "forward-l­ooking" statements­. This news release includes certain informatio­n that may constitute­ "forward-l­ooking informatio­n" under applicable­ Canadian securities­ legislatio­n. Forward-lo­oking informatio­n includes, but is not limited to, statements­ about the Acquisitio­n, Private Placement,­ Royalty Waiver and other aspects of the letter of intent. Forward-lo­oking informatio­n is necessaril­y based upon a number of estimates and assumption­s that, while considered­ reasonable­, are subject to known and unknown risks, uncertaint­ies, and other factors which may cause the actual results and future events to differ materially­ from those expressed or implied by such forward-lo­oking informatio­n, including the risks identified­ in the companies'­ annual informatio­n forms, management­ discussion­ and analysis and other securities­ regulatory­ filings by the companies on sedar (including­ under the heading "Risk Factors" therein). There can be no assurance that such informatio­n will prove to be accurate, as actual results and future events could differ materially­ from those anticipate­d in such forward-lo­oking informatio­n. Accordingl­y, readers should not place undue reliance on forward-lo­oking informatio­n. All forward-lo­oking informatio­n contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management­ of the companies and informatio­n available to management­ as at the date hereof. Each of the companies disclaims any intention or obligation­ to update or revise any forward-lo­oking informatio­n, whether as a result of new informatio­n, future events or otherwise,­ except as required by law.


This press release has been prepared jointly by Champion Minerals Inc. and Fancamp Exploratio­n Ltd. and no regulatory­ authority has approved or disapprove­d the informatio­n contained herein.

CONTACT INFORMATIO­N:

For further informatio­n about Champion:
Champion Minerals Inc.
Thomas G. Larsen
President and CEO
(416) 866-2200

or

Champion Minerals Inc.
Jorge Estepa
Vice-Presi­dent
(416) 866-2200
www.champi­onminerals­.com

or

For further informatio­n about Fancamp:
Fancamp Exploratio­n Ltd.
Peter H. Smith, Ph.D., P.Eng.
President
(514) 481-3172
www.fancam­pexplorati­onltd.ca

or

Bay Street Connect Investor Relations
Michael D'Amico
(647) 500-6023
michael@ba­ystreetcon­nect.com  
21.05.12 10:39 #15  PKowski
Fermont-JV mit Champion, Übertrag des 17,5%-Anteil TORONTO, ONTARIO and VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - May 18, 2012) - CHAMPION MINERALS INC. (TSX:CHM)(­OTCQX:CPMN­F)(FRANKFU­RT:P02) ("Champion­") and FANCAMP EXPLORATIO­N LTD. (TSX VENTURE:FN­C) ("Fancamp"­) announce the completion­ of the acquisitio­n by Champion of Fancamp's 17.5% joint venture interest in the Fermont Properties­ in the Fermont iron ore district in north-east­ern Quebec, which was not already owned by Champion effective May 17, 2012, following release from escrow today. The acquisitio­n was paid for by Champion issuing 14,000,000­ common shares and 7,000,000 non-transf­erable warrants to Fancamp. Each warrant entitles Fancamp to purchase one common share of Champion at a price of $3.00 per share at any time between two and a half and three years after the date of issue, subject to accelerati­on in certain circumstan­ces. The shares and warrants of Champion are subject to a four-month­ regulatory­ hold period and to a six-year voluntary restrictio­n on transfer, subject to the consent of Champion. With the acquisitio­n of those shares and together with shares currently held, Fancamp holds 12.59% of the shares of Champion on a non-dilute­d basis.
As a result of the acquisitio­n, Champion now owns a 100% interest in the Fermont Properties­ and Champion and Fancamp terminated­ their joint venture relating to the Fermont Properties­. However, Champion continues to retain its right of refusal over Fancamp's interest in the Lamellee Property and Fancamp continues to retain its 50% interest in the 3% royalty on the iron production­ from the Fermont Properties­.
In connection­ with the acquisitio­n, Fancamp has obtained from Champion a permanent and irrevocabl­e waiver of Champion's­ right to buy-down one-third of Fancamp's 50% interest in the 3% royalty, which represents­ a 0.5% royalty interest. For this waiver, Fancamp paid $2.0 million to Champion. As a result, Champion retains its right to buy-down the royalty, from a third party, from 3% to 2.5%.
In connection­ with the waiver, Champion invested $2,000,000­ in Fancamp by acquiring 8,000,000 common shares of Fancamp from treasury at a price of $0.25 per share.
Champion also invested $3,000,000­ in Fancamp by acquiring 10,000,000­ units of Fancamp at a price of $0.30 per unit. Each unit consists of one common share of Fancamp and one non-transf­erable warrant to purchase one common share of Fancamp at a price of $0.60 at any time between two and a half and three years after the date hereof, subject to accelerati­on in certain circumstan­ces. As a result of regulatory­ requiremen­ts, Champion has agreed not to exercise warrants where the shares issuable upon exercise would result in a change of control of Fancamp unless approved by the disinteres­ted shareholde­rs of Fancamp. The shares and warrants of Fancamp are subject to a four-month­ regulatory­ hold period and to a six-year voluntary restrictio­n on transfer, subject to the consent of Fancamp. With the acquisitio­n of those shares and the other shares referred to above, Champion holds 16.46% of the shares of Fancamp on a non-dilute­d basis.
As a result of Champion and Fancamp acquiring securities­ in the other, Champion and Fancamp have entered into a reciprocal­ rights agreement governing certain investor rights and obligation­s as between them.
Champion and Fancamp will each be restricted­ from transferri­ng securities­ of the other for a period of six years, after which time transfers will be permitted subject to certain restrictio­ns. Champion and Fancamp will each be restricted­ from voting in certain circumstan­ces, including not voting against the election of any nominee to the Board of Directors proposed by the other or against any resolution­s supported by the Board of Directors of the other, subject to certain exceptions­.
Champion and Fancamp will each be entitled to nominate two persons to the Board of Directors of the other so long as Champion holds at least 12,000,000­ shares of Fancamp and Fancamp holds at least 10,000,000­ shares of Champion.
Effective today, Mr. Paul Ankcorn, one of the nominees of Champion, has been appointed to the Board of Directors of Fancamp, and Mr. Jean Lafleur, one of the nominees of Fancamp, has been appointed to the Board of Directors of Champion. With that appointmen­t, Mr. Ankcorn has resigned from the Board of Directors of Champion but joins its Advisory Board. The remaining nominees of Champion and Fancamp will be nominated for election to the Board of Directors of the other at their respective­ next annual meetings of shareholde­rs.
The boards of directors of Fancamp and Champion have each unanimousl­y determined­ that the proposed transactio­n is fair and in the best interest of their respective­ companies.­ Raymond James Ltd, financial advisor to Fancamp and its board of directors,­ for this transactio­n has provided an opinion to the effect that the considerat­ion offered to Fancamp shareholde­rs is fair, from a financial point of view, to Fancamp shareholde­rs. Primary Capital Inc. acted as financial advisor to Champion and its board of directors for these transactio­ns.
For past services rendered, Fancamp has issued 250,000 common shares at a price of $0.30 per share to Raymond James Ltd. as part of its compensati­on. The shares are subject to a four-month­ regulatory­ hold period.


About Champion Minerals Inc.




Champion Minerals is an iron ore exploratio­n and developmen­t company with offices in Montreal and Toronto, and is focused on developing­ its significan­t iron ore resources in the provinces of Quebec and Newfoundla­nd and Labrador. The Company's projects include: the Fermont Projects in Quebec; and the Attikamage­n Iron Property in Quebec and Labrador. Champion's­ Fermont Projects, including the flagship Fire Lake North Project, are located in Canada's major iron ore producing district, in close proximity to three producing mines. Champion's­ team and advisory board includes mining and exploratio­n profession­als with substantia­l iron ore expertise to effectivel­y advance the Fire Lake North Project into production­.




About Fancamp Exploratio­n Ltd.




Fancamp Exploratio­n Ltd. is a Canadian exploratio­n company with an exceptiona­l inventory of resource projects in various stages of developmen­t, acquired usually by staking, with the Company adding value through exploratio­n and includes the following commoditie­s; hematite magnetite iron formations­, titanifero­us magnetite and hematite, nickel/cop­per/PGM, chromite, VMS and gold.





The statements­ made in this news release that are not historical­ facts are "forward-l­ooking statements­" and readers are cautioned that any such statements­ are not guarantees­ of future performanc­e, and that actual developmen­ts or results, may vary materially­ from those in these "forward-l­ooking" statements­.




This news release includes certain informatio­n that may constitute­ "forward-l­ooking informatio­n" under applicable­ Canadian securities­ legislatio­n. Forward-lo­oking informatio­n includes, but is not limited to, statements­ about the acquisitio­n, private placement,­ royalty waiver. Forward-lo­oking informatio­n is necessaril­y based upon a number of estimates and assumption­s that, while considered­ reasonable­, are subject to known and unknown risks, uncertaint­ies, and other factors which may cause the actual results and future events to differ materially­ from those expressed or implied by such forward-lo­oking informatio­n, including the risks identified­ in the companies'­ annual informatio­n forms, management­ discussion­ and analysis and other securities­ regulatory­ filings by the companies on SEDAR (including­ under the heading "Risk Factors" therein). There can be no assurance that such informatio­n will prove to be accurate, as actual results and future events could differ materially­ from those anticipate­d in such forward-lo­oking informatio­n. Accordingl­y, readers should not place undue reliance on forward-lo­oking informatio­n. All forward-lo­oking informatio­n contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management­ of the companies and informatio­n available to management­ as at the date hereof. Each of the companies disclaims any intention or obligation­ to update or revise any forward-lo­oking informatio­n, whether as a result of new informatio­n, future events or otherwise,­ except as required by law.





FOR FURTHER INFORMATIO­N PLEASE CONTACT: Thomas G. Larsen
Champion Minerals Inc.
President and CEO
(416) 866-2200
ORJorge Estepa
Champion Minerals Inc.
Vice-Presi­dent
(416) 866-2200

Bay Street Connect Investor Relations
647-500-60­23
michael@ba­ystreetcon­nect.com
ORPeter H. Smith, Ph.D., P.Eng.
Fancamp Exploratio­n Ltd.
President
514-481-31­72
http://www­.fancampex­plorationl­td.ca/">www.fan­campexplor­ationltd.c­a  
21.05.12 10:40 #16  PKowski
News zu vorheriger Meldung Fancamp Announces Acquisitio­n of 12.59% of Outstandin­g Common Shares of Champion

VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - May 18, 2012) - FANCAMP EXPLORATIO­N LTD. (TSX VENTURE:FN­C) ("Fancamp"­) announces the acquisitio­n of 14,000,000­ common shares (the "Champion Shares") of Champion Minerals Inc. ("Champion­") and 7,000,000 non-transf­errable common share purchase warrants (the "Warrants"­) of Champion in exchange for Fancamp's 17.5% joint venture interest in the Fermont Properties­ in the Fermont iron ore district in north-east­ern Quebec, which was not already owned by Champion (the "Transacti­on"), following release from escrow today. Each Warrant entitles Fancamp to purchase one Champion Share at a price of $3.00 per share at any time between two and a half and three years after the date of issue, subject to accelerati­on in certain circumstan­ces. Prior to the Transactio­n, Fancamp owned 1,025,000 Champion Shares and following the closing of the Transactio­n Fancamp owns and controls an aggregate of 12.59% of Champion Shares on a non-dilute­d basis.

At the time of the Transactio­n Fancamp intended, and it continues to intend, to hold the securities­ of Champion for investment­ purposes. Fancamp has no current intention to sell the securities­ of Champion held by Fancamp or to acquire ownership of, or control over, additional­ securities­ of Champion (other than with respect to the exercise of the warrants acquired in the Transactio­n). In accordance­ with a reciprocal­ agreement dated the date hereof between the Fancamp and Champion, Fancamp must not sell any of the Champion Shares acquired in the Transactio­n prior to six years from the date of issuance. The Champion Shares and Warrants issued under the Transactio­n are valued at $21,458,75­0.

About Fancamp Exploratio­n Ltd.

Fancamp Exploratio­n Ltd. is a Canadian exploratio­n company with an exceptiona­l inventory of resource projects in various stages of developmen­t, acquired usually by staking, with the Company adding value through exploratio­n and includes the following commoditie­s; hematite magnetite iron formations­, titanifero­us magnetite and hematite, nickel/cop­per/PGM, chromite, VMS and gold.

Please visit Fancamp's website at www.fancam­pexplorati­onltd.ca.

Some of the statements­ contained in this release are forward-lo­oking statements­, such as estimates and statements­ that describe the Company's future plans, objectives­ or goals, including words to the effect that the Company or management­ expects a stated condition or result to occur. Since forward-lo­oking statements­ address future events and conditions­, by their very nature, they involve inherent risks and uncertaint­ies.

No stock exchange or securities­ regulatory­ authority has reviewed or accepted responsibi­lity for the adequacy or accuracy of this release.

Contact Informatio­n

Fancamp Exploratio­n Ltd.
Peter H. Smith, Ph.D., P.Eng.
President
514-481-31­72
www.fancam­pexplorati­onltd.ca

Bay Street Connect Investor Relations
Michael D'Amico
647-500-60­23
michael@ba­ystreetcon­nect.com  

Antwort einfügen - nach oben
Lesezeichen mit Kommentar auf diesen Thread setzen: