Business
Falco Resources Commences 40,000 Metre Drill Program
MONTREAL, QC--(Marketwired - February 20, 2017) - Falco Resources Ltd. ("Falco" or the "Company") (TSX VENTURE: FPC) is pleased to announce that it is initiatin
About this update from Falco Resources Ltd.
[{"type":"text","content":"MONTREAL, QC--(Marketwired - February 20, 2017) - Falco Resources Ltd. (\"Falco\" or the \"Company\") (TSX VENTURE: FPC) is pleased to announce that it is initiating exploration activities on its large 668 square kilometre land package in the Rouyn-Noranda Camp, which surrounds its 100% owned Horne 5 Project. The planned 40,000 metre exploration drill campaign is part of a $10 million budget allocated to 2017 exploration work. The exploration program will concentrate on eight different areas, including the Horne 5 project, with the objective of discovering new mineralization in the prolific past-producing Rouyn-Noranda camp. 2017 REGIONAL EXPLORATION PROGRAM Central Camp Properties The Central Camp properties are located in the south-central portion of Falco's considerable land position. The properties cover approximately 90% of the historical mining camp and include several past producing VMS base metal deposits. Exploration work on the Central Camp properties will include approximately 15,000 to 18,000 metres of drilling, and is aimed at updating the 3D Noranda Camp geological model with a systematic review and testing of existing exploration targets. Numerous drill-ready targets have been identified and will be tested during the campaign. In addition, historical data compilation in and around former producing mines will be conducted, reviewing historical resources and drilling results to further identify new opportunities and generate new targets. RIMO The RIMO properties are greenfield exploration projects located 25 km north west of Rouyn-Noranda. Work will focus on the western extension of the 2015 geophysical survey and field testing of geophysical targets with new drilling. Lac Laynes The Lac Laynes property is known for its VMS potential, however recent work has determined potential low grade gold mineralization at surface. In 2014 DDH 17931-14-02 drilled by Falco intersected a gold bearing tectonic breccia with values of 0.79 g/t Au over 14.0 metres, including 3.18 g/t Au over 1.2 metres. Planned work includes field validation (including rock sampling) and drilling of geophysical targets. Flavrian The Flavrian area has a historical production of 1 million ounces gold. Exploration at Flavrian will evaluate the mineral potential of the Duprat Syenite, which shows similar geological context to the Upper Beaver deposit in ...