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Fancamp expands Cunningham property in Ontario
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Fancamp Exploration Ltd. said Jan. 15 that it acquired an additional claim block adjoining the Cunningham volcanogenic massive sulfide property in Ontario.
The claim block will expand Cunningham's total area to around 4,800 acres.
Fancamp agreed to pay C$5,000 on signing and issue 200,000 shares, while a final payment of C$10,000 is due on the deal's first year. The claim block is also subject to a 2% net smelter return royalty, half of which can be bought for C$1 million.