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Falco Pacific Provides Video Recap of its March Activities at the Horne 5 Gold Project in Quebec - Video Posted on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2014) - Falco Pacific Resource Group (...
About this update from Falco Resources Ltd.
[{"type":"text","content":"Falco Pacific Provides Video Recap of its March Activities at the Horne 5 Gold Project in Quebec - Video Posted on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - April 4, 2014) - Falco Pacific Resource Group (TSXV: FPC) provides a video recap which includes details of its announcement of their maiden inferred gold resource at its Horne 5 Gold Project in Quebec.The video recap is now available for viewing. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Falco Pacific\" in the search box. If you cannot view the video above, please visit:http://www.investmentpitch.com/video/0_ktib8txr/Falco-Pacific-Resource-Group-TSXV-FPC-Provides-Recaps-of-its-March-ActivitiesFalco 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.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. Initial Inferred Resource Estimate At a CDN$80/tonne net payable metal or net smelter return (\"NSR\") cut-off, the upper portion of the deposit hosts an Inferred Mineral Resource of: 25.3 million tonnes @ 2.64 grams per tonne gold, 0.70% zinc and 0.23% copper (or 3.41 grams per tonne gold equivalent \"AuEq\"). At this cut-off the Inferred Mineral Resource contains an estimated 2.15 million ounces of gold, 131 million pounds of copper, and 393 million pounds of zinc for a total of 2.8 million AuEq ounces. Gold accounts for 77% of the total gold equivalent Inferred Mineral Resource.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 [email protected]. Cautionary notes are available at this link. Gold equivalent calculations based on metal prices of: gold US$1,300 ounce, copper U...