Vancouver, BC, March 6, 2014 - Falco Pacific Resource Group (TSXV:FPC) unveiled their proprietary 3D model of their Horne 5 deposit, located in Quebec, which has maiden inferred resource of 2.8 million gold equivalent ounces at a 3.41 grams per tonne gold equivalent grade.
Noranda was incorporated in 1922 as Noranda Mines under the leadership of James Y. Murdoch to exploit the Horne deposit. The original Horne Mine historically produced between 1926 and 1976 a total of 11 million ounces of gold at an average grade of 6.1 grams per tonne gold, 25 million ounces of silver at an average grade of 13.0 grams per tonne, and 2.6 billion pounds of copper at an average grade of 2.22%.
Falco Pacific acquired the Horne 5 deposit as part of their acquisition of the Rouyn Noranda mining camp in Quebec. More recently, they announced their maiden inferred resource which was based on 4,300 drill holes totaling over 305,000 meters of drill data. Given the tight drill spacing of the Horne 5 deposit at less than 15 meters, it provided very good precision to the mineral resource estimate, as explained by Carl Pelletier of InnovExplo, a leading geological and engineering firm who is the author of the Horne 5 technical report.
Falco Pacific also acquired over 55 km of underground workings within the Horne 5 Deposit that was discovered by Noranda in the 1930's but was never commercially mined. The deposit was explored for the next 40 years to depths of greater than 2300 meters and a strike length of over 1 kilometre.
Falco Pacific's near term catalyst is to continue to de-risk the Horne 5 deposit with further metallurgical work and analysis of the recently compiled 6,600 historic drill holes within the Horne Mine Complex area.
For more information, visit the company's website www.falcopacific.com or contact Dean Linden, Business Development at 425-449-9442 or email info@falcopacific.com.
Gold equivalent calculations based on metal prices of (all $US): gold $1,300 ounce, copper $3.30 pound, and zinc at $0.95 pound.
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