Falco Resources Ltd V.FPC

Alternate Symbol(s): FPRGF

Metals & Mining Industrial Metals & Minerals

Falco Resources Ltd. is a Canada-based company, which is engaged in exploring, evaluating, and developing its mineral properties in the Rouyn-Noranda district of the Province of Quebec for base and precious metals. It is mineral claim holder in the Province of Quebec, with a land holdings in the Abitibi Greenstone Belt. It owns approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the entire camp and includes 13 former gold and base metal mine sites. Its principal asset is the Falco Horne 5 Project, which is located beneath the Horne copper smelter, operated by Glencore, in Rouyn-Noranda, below the old Horne Mine. It treats both copper concentrates and precious metal-bearing recyclable materials as its feedstock to produce 99.1% copper anodes. The gold-rich polymetallic sulfide mineralization at the Horne 5 deposit forms a large subvertical tabular body that measures close to two km in length, 500 to 850 m across and between 20 to 130 m in thickness.

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Falco Resources Ltd

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Comment by Saulion Mar 04, 2014 11:00am

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Post# 22277595

RE:Bad news?

The recent news states that Horne 5 has a initial resource of 2.8 million equivalent oz.
The "Could this Be The Next Big Discovery" article implies a reserve base well above those figures.
The grades are good for a large, high capacity, open pit operation but at the cut-off
of $80 per tonne payable metal, the under ground margins appear low. imo

Does anyone know the previous production capacity of the Horne mine ?

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