Fancamp Exploration Ltd V.FNC

Alternate Symbol(s): FNCJF

Metals & Mining Industrial Metals & Minerals

Fancamp Exploration Ltd. is a Canadian mineral exploration company. The Company is focused on strategic interests in its high potential mineral projects, royalty portfolio and mineral properties. The Company is focused on an advanced asset play with a portfolio of mineral claims across Ontario and Quebec, Canada, including copper, gold, zinc, titanium, chromium, strategic rare-earth metals, and others. It has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., in addition to an investment in a zinc mine in Nova Scotia. It is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. Its properties include Clinton Property, Stoke Property, DiLeo Property, Grasset Property, Riley Brook property, Gaspe Bay Group Property (including Boisbuisson and St. Marguerite), and other properties. The Clinton Property is located in the Appalachian region.

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Fancamp Exploration Ltd

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Comment by siIverBullon Mar 13, 2013 3:21pm

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Post# 21124372

CEO Jean Lafleur Interview with INN

substancial news, this is nice.

The Metallurgical Tests achieved their primary objectives by producing a high-grade synthetic rutile (titanium dioxide) concentrate, which has the potential to be used for both titanium pigment and metal producers, and also confirming that the previous process test results achieved at the bench scale were well reproduced at the pilot plant scale.

The Phase 1 Hydrometallurgical Bench Scale Tests (refer to the Company news release dated August 2, 2011) of the proprietary process was carried out by COREM in Quebec City, and indicated a 94.8% concentrate of titanium dioxide (TiO₂) with leaching recovery of 88.5%.

The Metallurgical Tests conducted by SGS Lakefield included bench-scale and pilot-plant testing to fine-tune and further improve the results of Phase 1. The objectives were successfully reached, resulting in a major improvement in the process by following one step leaching (instead of two-step leach in Phase 1), yet attaining superior results in terms of recovery (over 90%) and purity (about 96%) of the TiO₂ product using an integrated leaching and TiO₂ hydrolysis circuit that continuously operated for about 100 hours during the week of December 3 to December 7, 2012.

These tests confirmed the new process conditions in a continuous operation; producing and assuring the quality of the filtrate to be used for future works, such as in the Vanadium and Chromium separation tests, and Fe(2) oxidation/Fe(3) hydrolysis tests, and reproducing test results achieved at bench scale. Pilot tests resulted in 95.8% concentrate of titanium dioxide (TiO₂) with leaching recovery of 98.5%, which far exceeds initial bench scale test results.

Dr. Fathi Habashi, PhD, Professor Emeritus of Extractive Metallurgy (Laval University, Quebec) and a project consultant, stated, "The heart of this new proprietary process is its simplicity and flexibility. Simplicity in terms of one-step leaching then hydrolysis and achieving high grade TiO₂product without involving any additional and energy-consuming (oxidation/reduction) steps to treat the iron, and flexible because synthetic rutile has the advantage of being the raw material for pigment as well for metal production. In addition, the process proved successful for low grade (10% to 12%TiO₂) ore, and can be applied with advantage to higher grade TiO₂ores or concentrates."

SGS Lakefield is expected to initiate the Phase 3 Metallurgical Tests later this month and will consist of selective recovery of Vanadium (V) and Chromium (Cr) using solvent extraction technique. The Phase 4 Metallurgical Tests will consist of a mini-pilot plant scale test for the production of high-grade iron oxide and acid regeneration using well established oxy-hydrolysis methods and are expected to commence later in Q1-2013.