Business
Falco Mobilizes Two Drills to Horne 5
MONTREAL, QC--(Marketwired - April 26, 2016) - Falco Resources (TSX VENTURE: FPC) ("Falco" or the "Company") is pleased to announce that it is starting a new su
About this update from Falco Resources Ltd.
[{"type":"text","content":"MONTREAL, QC--(Marketwired - April 26, 2016) - Falco Resources (TSX VENTURE: FPC) (\"Falco\" or the \"Company\") is pleased to announce that it is starting a new surface drilling program at the Company's 100% owned Horne 5 project. Two diamond drill rigs will be active on the property, targeting the Horne 5 western extension with 10,000 meters of drilling aimed at expanding the current resource in the Horne 5 western extension, and 10,000 meters planned to explore the Quemont extension. HORNE 5 WESTERN EXTENSION PROGRAM The Horne 5 western extension drilling program will consist of drilling 2 wedges from the existing H5-15-09 pilot hole and drilling 3 additional pilot holes and 5 additional wedges. The 10 holes program will target an area located between 600 meters - 1,200 meters below surface and located to the west of the existing Horne 5 resource. The most western intercept of the 2015 confirmation drilling program returned 45.1 meters averaging 3.4 g/t AuEq (2.0 g/t Au) and 43.7 meters averaging 2.6 g/t AuEq (1.4 g/t Au) (see Falco press release dated November 23, 2015 www.sedar.com). The new drill program is primarily designed to target potential gold mineralization to increase the current size of the Horne 5 gold deposit. The targeted extension is essentially located below Level 17 and above Level 33 (1,200m), where 44% of the Au Eq Indicated resources of the Horne 5 deposit is currently hosted (see Falco press release dated January 25, 2016 www.sedar.com). \"We are excited to announce the commencement of the western extension drilling. Drilling will focus on expanding resources in zones which have never been tested, but that have been identified as high priority by our geological team,\" commented Company President and CEO, Luc Lessard. QUEMONT EXTENSION PROGRAM The Company will also commence a 10,000 meter drilling program on the Quemont extension target. The program will target the western plunge of the historical Quemont deposit, where over 3.2 million ounces of gold was produced from 1949 et 1971 (15.4 M tonnes at 6.5 g/t Au, 2.4% Zn, 1.3% Cu and 30.8 g/t Ag). The mineralization at Quemont is hosted within massive, aphanitic lava flows of dacitic to rhyolitic composition. Historical work shows that the major structural control appears to be fractures within a westerly plunging anticline. The plunge of t...