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Falco Resources Begins 2018 Donalda - Quemont East Drilling Program
MONTREAL, QC--(Marketwired - February 28, 2018) - Falco Resources Ltd. (TSX VENTURE: FPC) ("Falco" or the "Company") is pleased to announce that it has commence
About this update from Falco Resources Ltd.
[{"type":"text","content":"MONTREAL, QC--(Marketwired - February 28, 2018) - Falco Resources Ltd. (TSX VENTURE: FPC) (\"Falco\" or the \"Company\") is pleased to announce that it has commenced its 2018 exploration program on the Donalda - Quemont East target. An initial program of 20 holes for a total of 20,000 metres is planned to be completed. In 2017, about 4,700 metres were drilled on the Donalda property. The drilling consisted of testing the extensions of the known mineralization and confirming historical results. Given its close proximity to the Horne 5 deposit, potential underground mineralization would be accessible from the Horne 5 future underground infrastructure. The 2017 Donalda targets consisted of a gold quartz vein system. Besides testing the known vein extensions at depth, the 2018 program will test the VMS potential on the property by following the Quemont extensions. Drilling on the VMS targets will test elevations located at a depth of between 700 and 2,200 metres. Several of the projected drill holes will completely cross the felsic lithologic units to reach the Andesite fault. This fault is located south of Horne 5. The VMS potential on Donalda has never been significantly tested so far and represents a great opportunity for the Company. Additionally, the Quemont East target, which is located between the Horne 5 deposit and the Donalda deposit, has seen little drilling activity over the years. The Company believes there is a strong potential to find additional mineralization in that area. The felsic package hosting the Quemont and Horne mines will also be tested. THE DONALDA MINE PROPERTY The Donalda Property is located east of the Horne 5 deposit and Quemont mine infrastructure. The property is host to two important, sub parallel, extensive and continuous gold bearing quartz veins with a historical resource (non NI 43-101 compliant(1)) of 1.5 million tonnes grading 6.9 g/t gold, of which approximately 790,000 tonnes were mined and approximately 710,000 tonnes remain unexploited. During mine production, a 620 metre shaft provided access to the two known gold bearing vein structures. The majority of the gold was extracted from the Donalda #1 vein (782,360 tonnes at 5.58g/t were mined over seven years of production). The #2 vein was discovered about 300 metres below the #1 vein. Production coming from Donalda #2 Vein (32,145 tonnes at...