Canadian Mining Journal


Falco deal with Glencore key to Horne 5 development

Falco Resources’ (TSXV: FPC) Horne 5 project contains 7 million oz. gold. It might contain just as many questions.

Perhaps the biggest one is whether or not Falco will secure a fair operating agreement with Glencore (LON: GLEN), which operates the Horne smelter next-door, and essentially acts as a landlord on Falco’s land package through various property agreements.

Both parties met in July and agreed to continue to share information and start a second phase of geotechnical work that will be conducted by Falco, and include the past-producing Quemont mine workings.

The goal is to assess the risks inherent to the eventual dewatering phase of the Horne 5 project.

Continue reading at The Northern Miner.