Fancamp Exploration - unterbewerteter Explorer

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07.10.11 10:41
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373 Postings, 5494 Tage PKowskiFancamp 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

373 Postings, 5494 Tage PKowskiFermont 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

373 Postings, 5494 Tage PKowskiNews 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

373 Postings, 5494 Tage PKowskiNews 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

373 Postings, 5494 Tage PKowskiBohrergebnisse 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

373 Postings, 5494 Tage PKowskiFancamp / 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

373 Postings, 5494 Tage PKowskiFancamps 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

373 Postings, 5494 Tage PKowskiFancamp / 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

373 Postings, 5494 Tage PKowskiFancamp / 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
1

373 Postings, 5494 Tage PKowskiMagpie-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
2

373 Postings, 5494 Tage PKowskiNews 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
2

373 Postings, 5494 Tage PKowskiNews: 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
1

318 Postings, 4470 Tage zaubermaus12News 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
1

318 Postings, 4470 Tage zaubermaus129.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
1

373 Postings, 5494 Tage PKowskiFermont-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
1

373 Postings, 5494 Tage PKowskiNews 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  

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