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Falco Resources Ltd.
Summary
| Project: | Horne 5 | |
|---|---|---|
| Deposit: | Horne 5 | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 10/31/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 31-10-2016: Falco Resources Ltd. announces an Exploration/Drilling Update report for its Horne 5 deposit at the Horne 5 project. Drilling results incl. 10.0m @ 9.31g/t Au, 16.92g/t Ag, 0.40% Cu, 0.03% Zn from 1171m. MONTREAL, QC --(Marketwired - October 3 | |
| Resources: | (Resource, M+I): 91.1Mt @ 1.56g/t Au, 14.41g/t Ag, 0.18% Cu, 0.86% Zn at Horne 5 | |
| CP/QP: | [Overall Report]: Claude Bernier (Internal) | |
| ABSTRACT: | MONTREAL, QC --(Marketwired - October 31, 2016) - Falco Resources Ltd. (TSX VENTURE: FPC) ("Falco" or the "Company") is pleased to report three additional drill results from its 2016 exploration program at its 100% owned Horne 5 project located in Rouyn-Noranda, Québec. Additionally, the Company is pleased to report results from its 2016 regional exploration and prospection program. Luc Lessard, President and CEO, comments: "We are delighted with the initial result from the Quemont Extension Target, today's result demonstrates the potential to find additional mineralization near the Quemont shaft." QUEMONT EXPLORATION DRILLING The Quemont program targets the western plunge of the historical Quemont deposit, where over 3.2 million ounces of gold was produced from 1949 et 1971 (15.4 million tonnes at 6.5 g/t Au, 2.4% Zn, 1.3% Cu and 30.8 g/t Ag). Hole H5-16-7D: The hole targeting the H5 mineralized zone, intersected the Quemont corridor at about 1,000 metres below surface. The mineralized zone was encountered in the western plunge of the Quemont shaft. A moderate Cl-Si rhyodacite containing 2% PyCp was noted. A mineralized zone was encountered between 1,171 metres and 1,181 metres and returned 10.02g/t of gold equivalent grade, including 9.31 g/t gold over 10 metres. Following the intersection, the hole was further deepened in order to intersect the Horne 5 mineralisation package. The interval which intersected the Horne 5 deposit will be used for additional metallurgical testing and assay results are pending. Details of Hole H5-16-7D are outlined in the table below. | |
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