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Falco Resources Ltd.
Summary
| Project: | Horne 5 | |
|---|---|---|
| Deposit: | Horne 5 | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 5/9/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 9-5-2016: Falco Resources Ltd. announces a PEA report for its Horne 5 deposit at the Horne 5 project. PEA results incl. post-tax NPV (5%) of 667M, IRR of 16.0%. The Horne 5 Gold project (herein referred to as “the Horne 5 project” or “the Project”) is a g | |
| Resources: | (Resource): 58.3Mt @ 2.86g/t AuEq. (Ind.) and 12.7Mt @ 3.08g/t AuEq. (Inf.) | |
| CP/QP: | [Resources]: Carl Pelletier (InnovExplo Inc.) | |
| ABSTRACT: | The Horne 5 Gold project (herein referred to as “the Horne 5 project” or “the Project”) is a gold exploration project located in Rouyn-Noranda, Quebec, which is wholly owned by Falco Resources Ltd. (“Falco”, “the Company”). Falco requested that BBA Inc. (“BBA”) prepare a Preliminary Economic Assessment (“PEA” or “the Study”) for the Project, in conjunction with a number of specialized consultants including InnovExplo Inc., Golder Associates Ltd., and WSP Canada Inc. This Technical Report was prepared according to the guidelines set out under the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) to support the results of the Study as disclosed in Falco’s press release entitled “Falco announces positive Preliminary Economic Assessment on Horne 5 Gold project”, dated May 9, 2016. The mineral resources used in the PEA are based on an Indicated and Inferred mineral resource estimate completed by InnovExplo Inc. using a base case cut-off of C$65 NSR per tonne. The Study is based on the development of an underground mining operation feeding a process plant to recover gold, silver, copper and zinc mineralization. The process plant will have a capacity of 15,000 tonnes per day. | |
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