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Vancouver, British Columbia--(Newsfile Corp. - February 24, 2014) - Dr. Mike Byron, Vice President Exploration for Falco Pacific Resource Group (TSXV: FPC) was invited recently to present a first glance look at the rediscovery of the historic Horne 5 Deposit to an audience of leading executives in the mining industry at the 2014 Mineral Exploration Roundup Conference in Vancouver, BC. The Horne 5 Deposit is the largest partially developed gold deposit in the southern Abitibi Greenstone Belt located at Rouyn Noranda, Quebec. Dr. Byron discusses how Falco Pacific has used a low cost strategy of data-mining 80 years of exploration records originated by Noranda.
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Noranda was incorporated in 1922 as Noranda Mines under the leadership of James Y. Murdoch to exploit the Horne deposit, discovered by E.H.Horne on mineral claims he staked in 1920. 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% .
Dr. Byron explains that it is a rare opportunity in controlling 70% of a historic mining camp when it was never really explored hard for gold. The gold production in those years was primarily a result of being a bi-product of the rich base metal discoveries in the region.
When Falco Pacific acquired the property in 2012, it was fortunate to acquire more than 80 years of historic mining and exploration records of the Horne Mine Complex, including 10,000 drill logs equating to over 765,000 metres of drill data. Falco Pacific also acquired over 55 kilometres 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 produce a maiden NI 43-101 resource estimate on the Horne 5 Deposit which is expected to be finalized in the first quarter of 2014.
For more information, visit the company's website www.falcopacific.com, contact Dean Linden, Business Development at 425-449-9442 or email info@falcopacific.com.
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