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Falco Resources Ltd V.FPC

Alternate Symbol(s):  FPRGF

Falco Resources Ltd. is a Canada-based company, which is in the business of exploring, evaluating and developing mineral properties in Canada. The Company is focused on developing its mineral properties in the Rouyn-Noranda region of the Province of Quebec for base and precious metals, primarily on its wholly owned Horne 5 polymetallic deposit (the Horne 5 Project). The Horne 5 Project is located adjacent to Glencore Canada’s operations. It owns mining claims and contractual rights in or in relation to mining concessions in the Rouyn-Noranda mining camp (the Mining Camp).


TSXV:FPC - Post by User

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Post by Management1ston Dec 29, 2017 2:12pm
331 Views
Post# 27246719

Good article

Good articleTranslated from this link:
https://www.lafrontiere.ca/actualites/economie/2017/12/29/il-n_y-a-pas-que-horne-5-pour-falco.html

Investors usually only have eyes and ears for the Horne 5 project at Falco Resources, it is not his only asset. Owner of 680 km2 of land in the Rouyn-Noranda mining camp, the company plans to revive several old mines.

Publicity
Invited to the Xplor 2017 convention of the Quebec Mineral Exploration Association, Claude Pilote, a senior exploration project engineer at Falco, said that the company had completed 45,000 meters of drilling in 2017 in the Rouyn mining camp. Noranda, distributed in 61 holes.


"In a radius of 25 km around Horne 5, we have a 680 km2 playground that includes 14 old mines. In addition, we already have a database of more than 4 million meters of drilling, mainly in the northern portion of Rouyn-Noranda, around Dufault Lake and in the Waite and Amulet Hills sector, to the southwest. D'Alembert, "she said.

Already a lot of drilling

Falco looks more closely at the old Millenbach, Corbet, Ansil, Waite-Amulet and Old Waite mines. Using 3D modeling based on data collected at the time by Noranda Minerals, the company generated several exploration targets. Since then, the field has seen nine drillers from six different companies working on the territory.

"It sounds like a lot, but it's part of our drive to boost local employment," said Ms. Pilote. In addition, because our drillers work close to the population, each target must be evaluated in the field. It has happened to us a few times to have to drill within 500 meters of a house. We must therefore ensure that we have all required permits and all authorizations. "

The purpose of this drilling is unequivocal: to discover a new mine. "One hundred years after the discovery that gave rise to the Noranda Company, the Horne Foundry and the city of Rouyn-Noranda, we consider that there are still many valuable targets for exploration in the mining camp. Not to mention that Canada's next major gold mine is expected to start operating in a few years, "said Claude Pilote.
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